Trump Meme Team Withdraws $33 Million from Liquidity Pool – A Total of $94 Million Extracted in 30 Days

In an ongoing saga involving the $TRUMP meme coin, the wallet responsible for managing these assets has withdrawn an additional $33 million in USDC from its liquidity pool before transferring it to Coinbase.

Key Takeaways

The $TRUMP meme coin wallet has withdrawn $33 million from its liquidity pool, totaling $94 million pulled in the last 30 days.
The operations resemble earlier transactions where funds were drawn in smaller amounts, consolidated, and transferred to Coinbase.
Trump Media & Technology Group holds a significant Bitcoin reserve of over 11,542 BTC.
Legal scrutiny is increasing, with lawsuits filed against key figures in Trump’s crypto ventures for alleged fraudulent activities.
The decline in the value of tokens such as $MELANIA has been steep, with losses of over 99%.

By following these events closely, investors and enthusiasts can better understand the evolving landscape of cryptocurrency and its intersections with traditional finance and politics.

Trump Meme Team Pulls $33M From Liquidity Again – $94M Gone in 30 Days

Over the past month, the team has extracted an eye-popping total of $94 million from this liquidity pool, as reported by blockchain analytics firm LookOnChain.

Blockchain data from Arkham Intelligence indicates that the Official Trump Meme wallet executed various transactions within a 24-hour period. This involved pulling USDC from Meteora’s liquidity pools in amounts ranging from $2 million to $17.2 million. After consolidating these funds, they were transferred to Fireblocks custody addresses associated with Coinbase.

Systematic Withdrawals Follow a Clear Pattern

Three weeks ago, the same team carried out comparable operations, withdrawing $33 million in two separate transactions to custody addresses linked to Coinbase.

These transactions exhibited a similar pattern: smaller withdrawals from Meteora pools, followed by consolidation and subsequent transfer to Fireblocks custody wallets.

Trump Meme Team - Wallet History

This consistent removal of liquidity coincides with increasing scrutiny surrounding President Trump’s crypto endeavors.

In October, it was revealed that Trump’s family has earned about $1 billion in pre-tax profits from various digital asset projects over the past year, according to an analysis by the Financial Times.

The $TRUMP and $MELANIA meme coins alone generated approximately $427 million in revenue, leveraging their brand power and political standing.

The family’s primary DeFi venture, World Liberty Financial, raised $550 million through token sales.

Trump’s official financial disclosure shows he received $57.4 million in income from his involvement with the firm, which is mainly managed by his sons. He controls 15.75% of the project through his holding of 15.75 billion WLFI tokens.

When its governance token began trading on key exchanges in September, the Trump family's stake peaked at over $6 billion, hitting a value of $0.30. In the initial hour of trading, volumes exceeded $1 billion before prices fell 16% to $0.23.

Trump Media Emerges as a Significant Bitcoin Holder

Trump Media & Technology Group (TMTG) has climbed to become one of the largest institutional holders of Bitcoin globally.

This Nasdaq-listed firm currently possesses approximately 11,542 BTC, valued at over $1 billion, which accounts for nearly 20% of its total market valuation.

Trump Meme Team - TMTG bitcoin holdings over time chart

This strategic move places TMTG at the eleventh position among publicly traded companies holding Bitcoin treasuries, outperforming firms like Tesla, Block, and Galaxy Digital.

Only MicroStrategy, Marathon Digital, and Block have larger Bitcoin reserves. CEO Devin Nunes stated that the firm’s Bitcoin holdings “help ensure our Company’s financial freedom, while protecting us against discrimination by financial institutions.”

Despite significant Bitcoin assets, TMTG shares have underperformed compared to Bitcoin itself.

Trump Meme Team - TMTG stock price chart YTD

While Bitcoin has decreased 4.9% year-to-date, TMTG shares have fallen almost 64% in the same time frame.

Legal Challenges Intensify for Trump’s Crypto Ventures

Trump's family crypto businesses are now facing escalating legal pressures.

Federal prosecutors have filed a class-action lawsuit against Meteora co-founder Benjamin Chow, claiming he orchestrated pump-and-dump schemes using endorsements from the Trump family to scam retail investors of at least $57 million.

The lawsuit focuses on activities related to tokens such as $MELANIA, $LIBRA, $M3M3, $ENRON, and $TRUST.

Immediately after the lawsuit was filed, three addresses affiliated with Trump received a $4.2 million airdrop of Meteora tokens, which they quickly deposited into the OKX exchange.

The $MELANIA token has plummeted from its all-time high of $13.73 to just $0.118, losing over 99% of its value.

Forensic analysis revealed that wallets involved were coordinating to fund deployer accounts and finance early supply captures.

Kelsier Ventures CEO Hayden Davis admitted in a YouTube interview: "We sniped our own coin to prevent snipers from sniping our own coin."

Moreover, earlier this month, it was reported that ALT5 Sigma, a Nasdaq-listed company supported by World Liberty Financial, may face delisting due to compliance issues linked to their auditor having an expired license.

Since January, shares have dropped 77%, raising concerns surrounding compliance.

The Citizens for Responsibility and Ethics in Washington has described Trump's deep engagement in cryptocurrency as "unprecedented," stating that "during Trump’s previous term, they tracked over 3,700 conflicts of interest between his presidency and business dealings."

They further pointed out, “With the expansion of his foreign developments and foray into cryptocurrency, among other ventures, he appears poised to create numerous conflicts with even less transparency than before.”