The team behind OFFICIAL TRUMP ($TRUMP) extracted 3.39 million USDC today through single-sided liquidity provision on Meteora, a Solana-based decentralized exchange.
The mechanism is straightforward: the team added TRUMP tokens into a Meteora liquidity pool configured to automatically sell into USDC as the token traded within specified price ranges. This is a direct conversion of holdings to stablecoin—a classic sign of team liquidation.
On-chain data tracks a pattern of sustained selling pressure. Prior to today's Meteora withdrawal, the team moved $33 million in TRUMP to Coinbase and an additional $6.2 million to other exchanges. The cumulative outflow now exceeds $42 million in equivalent value.
TRUMP's price has collapsed 33 percent since these sell-offs began, after the token hit a five-month peak. It now trades at $2.70, with 24-hour volume at $1.38 billion.
President Donald Trump launched the official $TRUMP token in January 2025 on Solana, days before his second inauguration. The token explicitly targets supporter engagement and capitalizes on the meme-coin trend.
Politically themed meme coins have proliferated since 2022, with many launching on Solana and focusing on U.S. political figures and movements. These tokens derive value primarily from social sentiment, media attention, and cultural momentum rather than underlying utility. Their long-term viability remains uncertain, and regulatory risk hangs over the category.
