TRUMP Team Pulls $3.39M from Liquidity Pool Amid Price Rally
The TRUMP memecoin team has pulled $3.39 million in USDC from liquidity pools during the token's price rally, according to on-chain analyst Lookonchain.
This is not the first time the team has used this strategy, which involves adding and removing liquidity to convert TRUMP tokens into USDC.
The latest withdrawal comes as the broader crypto market experiences a strong recovery, with Bitcoin surging above $75,000 and Ethereum moving toward $2,500.
The repeated pattern of adding TRUMP liquidity, allowing market activity to convert tokens into USDC, and later withdrawing those funds remains important for traders to monitor.