April 17, 2025
Confidence in the Solana-based TRUMP meme coin is eroding rapidly after developers discreetly withdrew $4.6 million in USDC from its liquidity pool. The move, occurring just before a massive token unlock of over 40 million TRUMP coins (worth upwards of $320 million), has triggered fears of impending sell-offs and a potential collapse in price.
The withdrawn funds were moved from Solana to Ethereum and deposited into Coinbase Prime, a platform favored by institutional investors. Although such actions aren’t inherently nefarious, their timing has alarmed the community, especially as the token sits at $8.01—down 30% over the past month and far below its $73.43 peak.
Suspicions are deepened by a history of controversial activity around the token. A January exposé accused the project of being an elaborate rug pull, pointing to developer wallet anomalies, opaque token distributions, and insider dumps. One wallet allegedly liquidated $18 million in TRUMP tokens without any prior buys, and 80% of the total supply is held in a single, unidentified wallet.
Complicating matters, the Trump family is expanding its Web3 presence. A new real estate-themed blockchain game—resembling Monopoly GO!—is set to launch soon under the direction of Trump ally Bill Zanker. This initiative is part of World Liberty Financial, a broader Web3 venture linked to the Trump name, which has been quietly amassing digital assets and DeFi interests.
Given these entangled developments, critics warn the Trump brand might be a smokescreen for financial schemes designed to benefit insiders at the expense of ordinary investors.
Special Warning: Meme Coins Carry High Risk
Meme coins are among the most volatile and speculative assets in the cryptocurrency market. Investing in them can lead to significant losses, including the total loss of your capital. Their value often hinges on hype, social media trends, and influencer backing rather than solid fundamentals or utility. Before considering any investment in meme coins, it’s crucial to conduct thorough research, understand the risks, and never invest more than you can afford to lose.
