As Trump meme coins rise, linked wallets withdraw more than $3 million in liquidity

Original author：M AI

Original source：https://www.youtube.com/embed/1hyPpBOJhqU

Wallets related to the Trump meme coin team have recently conducted on-chain fund operations again. According to monitoring by the on-chain analysis platform LookOnChain, the relevant address withdrew approximately US$3.39 million USDC from the Solana liquidity pool within 10 hours. This operation occurred during the rise in the price of TRUMP tokens and attracted market attention. However, the team did not sell TRUMP tokens directly in the open market, but adjusted it through the liquidity pool of the decentralized exchange Meteora. The team previously provided TRUMP tokens to the liquidity pool. As users trade, the assets in the pool will automatically be converted according to the price range, and eventually USDC funds will be formed and withdrawn. Market participants believe that the recent rise in TRUMP coins is partly affected by Trump’s remarks in support of the crypto market, including his statement that the United States may further increase its Bitcoin reserves. In addition, Coinbase CEO Brian Armstrong also recently stated that industry confidence is recovering and the market may usher in a new growth cycle. However, the capital flows of associated wallets still attract market attention, and investors will continue to observe whether there are further asset adjustments or market impacts.