US President Donald Trump’s altcoin TRUMP CoinIntra-Blockchain movements related to the project brought to the agenda again the claims that the project has actually ended. Large-scale transfers from wallets associated with the project to central exchanges in recent weeks have caused a serious breakdown in confidence in the market. Analysts emphasize that all these transactions point to a planned liquidity drain process and deepen the uncertainty surrounding the altcoin. What happened stands out as one of the most controversial examples of the politically themed memecoin wave.
On-Blockchain Data Points to a Big Breakout in TRUMP Coin
According to EmberCN, known for its intra-Blockchain analysis, addresses associated with TRUMP Coin’s deployer have transferred approximately $94 million USDC in the last three weeks. coinbase transferred to the stock exchange. It is stated that the transferred funds were obtained by adding unilateral liquidity on the Solana-based decentralized exchange Meteora, and then the coins were sold at predetermined price ranges. With this method, coins were converted directly into stablecoins and converted into USDC without pairing.
According to analysts, the same strategy has been used before MELANIA coin It was also used in liquidation. Directing USDC balances to Coinbase immediately after the conversion process strengthened the comments that team-connected wallets closed positions in the altcoin. A similar picture emerged in May, and approximately 3.5 million TRUMP coins were sent to central exchanges in a single transaction. It was noted that in April, coins with a total value of 19.6 million dollars were distributed to Binance, OKX and Bybit platforms.
While the Future of the Project was Discussed, the Focus Shifted to Other Areas
Cryptocurrency commentator Ardidescribed TRUMP Coin as one of the harshest examples of liquidity withdrawals the industry has ever seen. He reminded that the fully diluted valuation of the altcoin rose above $67 billion for a period, and then declined by more than 90 percent. This collapse caused a rapid decline in investor interest and the spread of the “project abandoned” narrative.
However MAGA The team representing the ecosystem ostensibly argues that it continues its activities. A Trump-themed mobile game was announced last month and reward mechanisms aimed at increasing user engagement were announced. before too TrumpWallet It was aimed to include new users into the system by introducing the branded wallet and trading interface. It was shared that early game users who joined the waiting list for the game shared a total coin reward of 1 million dollars.
political memecoin Competition in the field has also gained momentum. Anatoly Yakovenko, one of the co-founders of Solana, brought up the idea of a rival coin called “Trump Corruption” with a fair launch model. Experts consider the fact that the interest of people close to the Trump business circle is increasingly turning to different projects such as World Liberty Financial Token as an indication that TRUMP Coin is remaining in the background.
