Is TRUMP Coin Officially Dead? $94M USDC Sell-Off Sparks Fresh Fears

$TRUMP Coin is back under intense scrutiny after on-chain data revealed wallets linked to the project’s deployer moved nearly $94 million in USDC to Coinbase over the past three weeks. Analysts say the transfers point to a coordinated sell-off rather than routine liquidity management.

According to blockchain analyst EmberCN, the funds were generated by adding single-sided liquidity on Solana DEX Meteora, then selling TRUMP tokens in structured price intervals. This approach converts tokens directly into USDC before sending funds to centralized exchanges. The same method was previously used to unwind positions in the MELANIA token, raising concerns that history is repeating itself.

This is not an isolated incident. In May, trackers flagged a 3.5 million TRUMP token transfer worth $52.6 million sent to exchanges in one move. Earlier in April, another $19.6 million was deposited across Binance, OKX, and Bybit. Repeated large deposits by team-linked wallets have fueled speculation that insiders are exiting.

Crypto analyst Ardi called TRUMP Coin one of the harshest liquidity extraction cases in recent memory, noting its fully diluted valuation once exceeded $67 billion before crashing over 90%.

While the team continues pushing ecosystem updates like a Trump-themed mobile game and TrumpWallet, market sentiment remains cautious. Attention also appears to be shifting toward other Trump-linked crypto ventures, adding to doubts about TRUMP Coin’s long-term future.