On-chain analytics show the official Trump meme coin wallet recently moved 33 million USD in USDC from a liquidity pool into a Coinbase-linked custody address, with total outflows over the past 30 days reaching 94 million USD. Withdrawals occurred in multiple smaller transfers that were later consolidated into a single transfer. Transfers ranged from 2 million to 17.2 million USD per transfer and originated from Meteora liquidity pools. The pattern was repeated in three rounds, echoing a similar move three weeks prior when 33 million USD was withdrawn.
The Trump family has earned about 1 billion USD in pre-tax profits from crypto ventures over the past year, including 427 million USD from the TRUMP and MELANIA meme coins and 550 million USD raised via World Liberty Financial. The president himself earned around 57.4 million USD through his association with the firm. Trump’s WLFI governance token comprises roughly 15.75% of the project, and after listing on major exchanges last September, the governance token briefly valued the family’s stake at over 60 billion USD. The Trump Media & Technology Group holds about 11,542 BTC, worth more than 1 billion USD, accounting for about 20% of the company’s market value and placing it among the globe’s top Bitcoin holders. Even so, TMTG’s stock has lagged Bitcoin, with Bitcoin down about 5% year-to-date while TMTG has fallen roughly 64%.
Regulatory and litigation headwinds loom. Federal prosecutors recently filed a class-action suit against Meteora co-founder Benjamin Chow over an alleged pump-and-dump scheme tied to Trump-affiliated tokens, including MELANIA, LIBRA, ENRON, and TRUST. Soon after, three Trump-linked wallets reportedly received 4.2 million Meteora tokens and deposited them on OKX; the MELANIA token’s value collapsed from a peak near 13.73 USD to around 0.118 USD, erasing over 99% of its value. ALT5 Sigma, a Nasdaq-listed company backed by World Liberty Financial, faces delisting pressures after appointing an invalid auditor, underscoring governance and legitimacy concerns. Ethics watchdog CREW has warned that the president’s involvement in cryptocurrency activity risks unprecedented conflicts of interest and could undermine transparency as digital asset ventures expand abroad.
Leave a Reply