TRUMP Team Wallets Drain $3.39M from Solana Pools Amid Price Rally

The TRUMP memecoin has experienced another price rally, but fresh on-chain activity from wallets linked to its team has raised concerns about liquidity and potential insider selling. The wallets withdrew approximately $3.39 million in USDC (USD Coin) from Solana liquidity pools over a 10-hour period.

This mechanism converts TRUMP tokens into stablecoins through single-sided liquidity positions on Meteora, where traders trade against the position. This process differs from a direct market sale and has appeared before, with similar withdrawals totaling $4.6 million in April 2025 and $94 million over 30 days by December.

Retail losses remain a key concern for TRUMP holders, with nearly one million buyers in the red as of June, amounting to estimated losses of $3.81 billion. The timing is particularly sensitive, given the token's recent price rally.