Official Trump Meme Team Pull $94M USDC to Coinbase
Wallets linked to the TRUMP memecoin team moved approximately $94 million in USDC to Coinbase in December.Summary
Onchain analysts observed that wallets associated with the Official Trump (TRUMP) memecoin on Solana transferred about $94 million in USDC from TRUMP liquidity pools over the last month. The most recent movement involved $33 million USDC withdrawn on December 30, routed through Fireblocks to Coinbase-labeled wallets. This massive outflow concludes an extraordinary year for TRUMP, which launched in January, peaked near $75, and is now trading below $5, representing a nearly 90% drop from its high. Despite the token's decline, insiders have generated over $320 million in fees. While the transfers could be for treasury management or tax planning, large liquidity withdrawals by politically branded assets naturally attract scrutiny, especially given prior requests from Democratic lawmakers for the Treasury Department to detail Trump’s crypto ventures. The TRUMP team had not responded to Cointelegraph's request for comment regarding the transfers.
(Source：Cointelegraph)