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Cryptocurrency News Articles
The team behind the Trump-themed meme coin on Solana has withdrawn $4.6 million in USDC just days before a massive token unlock.
Apr 21, 2025 at 03:28 am
The funds were pulled from the liquidity pool and sent to Coinbase Prime, marking the creators’ first known withdrawal.
The creators of the Trump-themed meme coin on Solana have withdrawn 4.6 million in USDC just days before a massive token unlock.
The creators of the Trump-themed meme coin on Solana have withdrawn 4.6 million in USDC just days before a massive token unlock.
The move was first spotted by blockchain analytics firm Token Terminal and comes as the TRUMP token prepares to release 40 million coins into circulation on Thursday.
The event marks the three-month anniversary of the token’s launch and will coincide with the token’s community members gathering in New York.
At its peak, the same amount of TRUMP tokens would have been worth close to 2.9 billion.
The reason behind the recent transfer remains unclear, and neither Donald Trump nor those connected to the project have yet to make a comment.
The TRUMP token has dropped 89% from its all-time high and is currently trading at 7.73.
Analysts expect the upcoming unlock to increase selling pressure on the token.
However, the token’s unique community, many of whom are new to crypto, may respond differently than traditional investors.
A large portion of the total supply, 80%, is allocated to the project’s creators, including Donald Trump himself.
A large portion of the total supply, 80%, is allocated to the project’s creators, including Donald Trump himself.
The move to create a Trump-themed token on Solana was first announced in April.output: A meme coin project themed around former President Donald Trump has seen its creators pull 4.6 million in USDC from the liquidity pool just days before a massive token unlock.
The funds were sent to Coinbase Prime on Monday, marking the creators’ first known withdrawal.
On Thursday, the TRUMP token is set to release 40 million coins into circulation, which will be valued at around 309 million at the current market price.
On Thursday, the TRUMP token is set to release 40 million coins into circulation, which will be valued at around 309 million at the current market price.
The event coincides with the three-month anniversary of the token’s launch. At its peak, the same amount would have been worth close to 2.9 billion.
The reason behind the recent transfer remains unclear, and no official comment has been made by those connected to the project.
The TRUMP token has dropped 89% from its all-time high and is currently trading at 7.73. Analysts expect the upcoming unlock to increase selling pressure on the token.
However, the token’s unique community, many of whom are new to crypto, may respond differently than traditional investors.
A large portion of the total supply, 80%, is allocated to the project’s creators, including Donald Trump himself, who will receive 10% of the total supply.
A large portion of the total supply, 80%, is allocated to the project’s creators, including Donald Trump himself, who will receive 10% of the total supply.
The move to create a Trump-themed token on Solana was first announced in April.
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