The wallets tied to the deployer moved tens of millions of dollars to Coinbase, drawing fresh attention to how liquidity is being unwound. Over the past three weeks, the deployment address behind the TRUMP meme token transferred roughly $94 million in USDC into Coinbase, according to on-chain data flagged by EmberCN on Dec. 31. The funds appear to come from proceeds generated through single-sided liquidity on Meteora, where the deployer supplied only TRUMP tokens within a defined price range.
As trades occurred, TRUMP was automatically sold into USDC, which was then routed to Coinbase. This method has become a recurring exit path for wallets linked to both TRUMP and MELANIA, suggesting a coordinated trading operation rather than isolated activity. Instead of selling directly on spot markets, liquidity is gradually converted into stablecoins before reaching centralized exchanges.
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