Official TRUMP Memecoin Team Allegedly Withdrew $94M USDC via Meteora DLMM
On-chain analysts reported that developers behind the Official TRUMP memecoin withdrew about $94 million in USDC from Solana liquidity pools over roughly three weeks using Meteora’s Dynamic Liquidity Market Maker (DLMM). The team executed single-sided liquidity additions—depositing only TRUMP tokens at preset price levels—so Meteora’s automated mechanism swapped TRUMP for USDC as prices hit those thresholds. Transfers were routed to centralized exchanges, including a $33 million USDC move to Coinbase on Dec. 31. The withdrawals occurred as TRUMP traded near $4.94, roughly 90% below its January 2025 peak. The same single-sided DLMM pattern was observed with the MELANIA token, suggesting a repeatable playbook across Trump-branded tokens. For traders: expect sustained sell pressure and higher execution risk in TRUMP and sister tokens, increased volatility among Meteora-based pools on Solana, and potential on-chain-to-exchange flows as withdrawn USDC lands on platforms like Coinbase. Verify on-chain flows and deposit addresses before taking positions in concentrated-liquidity memecoins; the DLMM single-sided method can conceal developer selling and delay visible price crashes.
Bearish
This news points to a significant, developer-led liquidity extraction from TRUMP pools using Meteora’s DLMM single-sided mechanism. Direct implications for price: (1) increased sell pressure — the automated swaps converted large amounts of TRUMP into USDC and moved proceeds to exchanges, which can translate into further selling on CEXs; (2) elevated volatility — stealthy, staged withdrawals obscure the timing and magnitude of dumps, making execution and stop placement riskier for traders; (3) loss of confidence — observing the same tactic across MELANIA and TRUMP suggests pattern risk and potential coordinated exits, reducing investor trust. Short-term effect: likely additional downward price pressure and spikes of volatility when on-chain flows hit exchanges or when price levels trigger further single-sided swaps. Long-term effect: reputational damage and lower liquidity depth for TRUMP and similar Meteora-based memecoins, increasing spreads and slippage for larger trades. Overall, the immediate price impact on TRUMP is bearish and raises execution risk for traders holding or considering positions in these tokens.