Crypto
Trump-Linked Team Harvests Millions from Liquidity Pools Amid Token Rally
The Official Trump memecoin team extracted $3.39 million in USDC from Solana-based liquidity pools, capitalizing on a sharp rally in TRUMP's price.
The token surged after President Donald Trump renewed his crypto push at a White House summit, with its price increasing by 17% over 24 hours to reach near $2.70.
The team uses a mechanism where they deposit only TRUMP tokens into single-sided liquidity positions, allowing the pool to automatically convert TRUMP into USDC, which is then withdrawn and bridged to exchanges like Coinbase.
This is not the first time the team has used this strategy, having previously pulled $4.6 million in USDC from a pool in April 2025 and another $52 million during a May 2025 rally.