Tensions are rising in the TRUMP meme coin community after its developers removed $4.6 million in USDC from the liquidity pool just days before a $320 million token unlock. The sudden move has fueled widespread fears of a potential rug pull.
On-chain analysts at LookOnChain exposed the transaction in a recent post, showing that the TRUMP coin devs withdrew millions in stablecoins, bridged the funds to Ethereum, and deposited them into Coinbase Prime—a platform typically reserved for institutional investors.
Traders React: Rug Pull or Strategic Move?
The crypto community didn’t stay quiet. Many traders on X (formerly Twitter) speculated that the team might be preparing for a massive sell-off.
“When the dev moves like that, it’s usually one of two things… exit or reposition. Either way, eyes on the next move,” one trader warned.
Another called it a classic “Trump and dump” move. Others chimed in with memes, including one user who posted a rug vendor meme saying, “I didn’t choose the rug life, the rug life chose me.”
Price Action: TRUMP Token Slips as Concerns Mount
The official TRUMP meme coin has dropped 2.72% in the past 24 hours, now trading at $7.87. That’s nearly 90% below its all-time high of $73.43. However, it’s still 83% above its historical low of $4.29.
TRUMP has gained more than 6% in the past week alone, showing resilience despite the growing scepticism. The Solana-based meme coin now boasts a market cap of $1.5 billion, with daily trading volume hitting $350 million.
Read Also: Crypto Scammers Hijack UK MP’s X Account to Promote Fake Solana Token
$320M Token Unlock Scheduled for April 17
The looming unlock of 40 million tokens, representing 20% of the circulating supply and worth about $320 million, makes the community more nervous.
These tokens, reportedly held by Trump Organisation affiliates, will begin unlocking on April 17 and have a two-year daily release schedule. With this much supply hitting the market soon, investors fear intensified price pressure.
Final Thoughts: A Strategic Shift or Exit Plan?
While the dev team hasn’t made any official statements, their sudden withdrawal of liquidity—paired with a large token unlock—raises eyebrows. Whether this is a routine move or a calculated exit remains to be seen. For now, traders are watching closely, balancing profit and potential collapse.
