Trump Coins’ Surprising Tumble Sends Ripples Through Crypto Markets

On-Chain Data Highlights TRUMP Coin Exodus

EmberCN, known for its blockchain insights, reported that addresses tied to the TRUMP Coin deployer transferred approximately $94 million USDC to Coinbase in the past three weeks. These funds were obtained on the Solana-based decentralized exchange Meteora by adding liquidity unilaterally, followed by selling the coins within predetermined price ranges. This method converted coins directly into stablecoins, bypassing pairings to turn them into USDC.

Analysts note that a similar strategy was previously employed during the MELANIA coin sell-off. Shortly after conversion, the redirection of USDC balances to Coinbase supported speculations that wallets connected to the team had liquidated their altcoin positions. A comparable pattern was observed in May, with nearly 3.5 million TRUMP coins being sent to centralized exchanges in a single transaction. In April, coins valued at $19.6 million were distributed across Binance, OKX, and Bybit platforms.

Debates on Project’s Future Shift Focus to New Ventures

Crypto analyst Ardi described TRUMP Coin as one of the toughest examples of liquidity extraction seen in the sector. He recalled how the altcoin’s fully diluted valuation once surged above $67 billion only to plummet over 90%. This collapse led to dwindling investor interest and the propagation of “project abandonment” narratives.

Nevertheless, the team representing the MAGA ecosystem claims to maintain operations visibly. Last month, a Trump-themed mobile game was announced, introducing reward mechanisms to boost user engagement. Previously, a branded wallet and trading interface called TrumpWallet were introduced to onboard new users into the system. Information was shared that early users joining the waiting list for the game shared a total coin reward of $1 million.

Competition in the political memecoin space has also intensified. Solana’s co-founder Anatoly Yakovenko proposed a rival coin named “Trump Corruption” using a fair launch model. Experts view the growing interest of figures close to Trump’s business circle in projects like World Liberty Financial Token as an indication of TRUMP Coin’s declining prominence.