The chain data show that the wallets associated with the TRUMP mein team were extracted from the liquid pool on Solana in about 10 hours, about $3.39 million USDC. As this operation took place in the context of the increase in tokens, the market again focused on how the address concerned could be gradually converted from a TRUMP hold to a stable currency through a liquid pool.
It's not sold directly to the exchange.
This type of operation is different from the one-time transfer of large amounts of coins to the exchange for sale. The wallet will be converted from TRUMP to USDC in the course of the transaction.
In terms of chain performance, this approach avoids large single sales records, but the result is still the conversion of currency liquidity into a stable currency. According to the article, as liquidity in the pool is removed, currency price fluctuations may be further exacerbated if subsequent purchases are reduced.
Similar operations have appeared several times before.
This is not the first time that a similar withdrawal has occurred. In April 2025, team-related wallets were extracted for approximately $4.6 million USDC and subsequently transferred to Coinbase Prime through the Ether. By December of the same year, the same wallet was said to have cumulatively transferred approximately $94 million within 30 days, with single transfers ranging between $2 million and $17.2 million.
These historical records have again focused attention on the current round of withdrawals, especially at a time when the price of tokens is increasing, when the team-linked address simultaneously converts liquidity into a stable currency, making it easier to stimulate outside discussions about the destination of funds and market capacity.
Fragmentation is still at the centre of the controversy.
The article mentions that as at the end of June, close to 1 million TRUMP buyers were in deficit, and the combined realized and unrealized losses were estimated at approximately $3.81 billion. Coimpaper previously reported that about two thirds of the wallets that bought the coin were in loss.
At the same time, market interest in the associated encrypted assets of Trump remains high. Recent estimates suggest that the Trump family's broader encrypted asset wealth is close to $1.4 billion. A Reuters-Lipso survey showed that 63 per cent of respondents did not consider it appropriate for the family to benefit from encryption.
The withdrawal of liquidity itself does not necessarily lead to an immediate fall in prices, but it weakens the depth of the pool. If follow-up demand recedes, the trade slide points may rise and TRUMP prices are more likely to fluctuate sharply.