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Wallets tied to the TRUMP memecoin deployer have transferred approximately $94āÆmillion in USDC to Coinbase over the past three weeks, according to onāchain analytics flagged by blockchain observers.
Onāchain data indicates the USDC funds were generated through a DeFi strategy known as singleāsided liquidity provision on the Solanaābased decentralised exchange Meteora.
In this approach, only TRUMP tokens, rather than paired assets like USDC, are supplied to a liquidity pool.
As market activity occurs within a set price range, the automated market maker gradually converts those tokens into USDC, which is then routed to Coinbase.
This mechanism has also been observed in the handling of MELANIA, another meme token linked to the same team, suggesting a coordinated trading pattern rather than isolated trades.
Analysts note that converting tokens to stablecoins before depositing them on centralised exchanges may be a tactical way to unwind positions without directly selling large amounts into spot markets.
The TRUMP token, which trades on major exchanges including Coinbase, Binance, OKX, Bybit, Robinhood, and Kraken, has experienced significant inflows from teamālinked addresses throughout 2025.
Recent records show past deposits to Binance of over 3.5āÆmillion tokens, worth around $33āÆmillion, while earlier transfers across multiple venues exceeded 12.5āÆmillion tokens, with an estimated value near $150āÆmillion.
These movements have reignited concerns among traders that ongoing selling pressure and liquidity extraction could continue to weigh on the tokenās price.
The TRUMP memecoin was launched in January 2025 on the Solana blockchain and quickly became one of the largest meme coins by market capitalisation, though it has since experienced dramatic price swings and volatility.
At press time, TRUMP was trading at around $4.95, down 93% from its January 2025 peak near $73 and roughly 14āÆ% lower over the prior 30āÆdays.
But despite slowing trading activity and price volatility, the TRUMP project has recently announced promotional initiatives, including a $1āÆmillion game campaign designed to spark renewed interest among users.
However, market sentiment within the crypto community remains divided, with critics pointing to frequent large deposits into exchanges, unclear liquidity mechanisms, and heavy deployer control as ongoing risks for holders.
While the short-term price prediction for the memecoin remains extremely bearish based on technical price analysis, where a majority of technical indicators are showing bearish signals, a break above $4.98 could see TRUMP rise to the next resistance level at $6.64 or even to $8.36.
As 2026 kicks off, eyes will be on how the large exchange deposits will be used.
In case of sell-offs, the memecoin coin could carry on with its current bear trend that could see it drop to its all-time low of $4.29 set in January 2025.
On the other hand, if it is just accumulation, it could instill confidence in the memecoin, drawing more trading activity, which could in turn boost the coinās price higher.
The post TRUMP memecoin deployer moves $94M USDC to Coinbase appeared first on Invezz
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