The TRUMP meme coin is under fire after key wallets linked to early insiders and the Trump Meme Team drained millions from liquidity pools and centralized the funds, just as price action turned sharply bearish.
With over $6 million in TRUMP tokens and USDC withdrawn, and no team response, the signs point to a quiet exit in motion.
$6M Liquidity Pulled in 24 Hours
On-chain data shows a sudden and coordinated exit. A wallet tied to the Trump Meme Team, identified as 0xC6f64aCde165c…, withdrew 347,337 TRUMP (worth ~$3.12 million) and 4.4M USDC (~$4.4 million) from the Metrona (TRUMP-USDC) pool.
Both tokens were pulled and later bridged to Ethereum. Some funds even landed on Coinbase. All that looked less like a routine shift and more like an exit.
The wallet, inactive for weeks, had ties to early team reserves. Its sudden move, with no statement or warning, triggered fresh speculation of an insider-led dump.
Trump Coin Whale Wallet Dump Deepens Crash
Compounding the issue was a separate Solana wallet, Kewh32zffqXCaGuf…, which dumped 275,672 TRUMP (~$2.49M) just hours before the team withdrawal.
The timing suggests coordinated action, especially given the wallet’s prior ties to staking routes and known insider funding paths.
The result was swift: TRUMP coin lost over 6% intraday and is now down nearly 90% from its all-time high. Funding rates have flipped negative, and slippage across DEX pools has increased as liquidity dries up.
AI Platforms Flag Sentiment Collapse
Real-time AI analytics platform Alva flagged a sentiment shift to negative shortly after the transactions.
The platform noted a mismatch between public bullish narratives around TRUMP coin and the private actions of large token holders.
Adding to that narrative mismatch were recent TRUMP-tagged headlines, including token adoption by electric vehicle company Mullen, and a political ceasefire announcement. While headlines were bullish, on-chain flows painted a very different picture.
Trump Coin CEX Transfers Raise Rug Concerns
The funds removed were not simply parked. Data confirms that over $4.4M USDC and team-linked TRUMP tokens were later routed to Ethereum wallets and CEXs, including Coinbase.
The tokens appear to have been bridged via standard Solana–Ethereum pathways, but the pattern echoes previous soft rug tactics; bridge first, offload second.
A few days back, similar CEX-specific moves were detected when a wallet linked to the TRUMP team started moving tokens to Binance. Since April-end, over 12.54 million TRUMP coins have been sent to exchanges, in four batches.
Further analysis of 0xC6f64a… reveals it engaged in prior multi-batch burns, subtle wallet shuffling, and timed token rotations across null addresses; all behaviors consistent with teams preparing for large exits without triggering early panic.
There’s been no word from the TRUMP coin team since the exits began: no update, no explanation. The team’s silence has done more damage than the sell-off itself.
