The team behind Donald Trump’s TRUMP memecoin collected 3.39 million USDC over a 10-hour stretch by adding and removing liquidity on Solana, per Lookonchain.
Key Takeaways
Lookonchain says the Trump team netted 3.39 million USDC in 10 hours via Solana liquidity moves.TRUMP currently trades near $2.46 with a $629.5 million market cap despite the fresh insider selling.Bill Zanker’s Fight Fight Fight LLC is still pursuing a $200 million treasury fund to buy TRUMP.TRUMP, which launched on Solana on January 17, 2025, as the first memecoin issued by a sitting U.S. president, changed hands at $2.46 at the time of writing, up 75% over the past week, with a market capitalization of $629.5 million and $864.3 million in 24-hour trading.
Many More Transactions of This Nature Took Place This WeekThe past few days have seen such sales emanate from different wallets. On August 23, the Official Trump team moved roughly 646,000 TRUMP tokens, worth about $15.5 million OKX (via two seperate transactions). Subsequently, another transfer saw 2.62 million tokens worth $6.2 million being moved.
A Token Far off Its Highs, Searching for DirectionLooking ahead, the latest withdrawals are indicative of the fact that insiders are extracting value even as retail traders bid the token higher, an aspect that has defined the memecoin’s volatile first year and a half on the market.
