- Wallet associated with Trump’s Solana meme coin withdrew $4.6 million in liquidity to Coinbase Prime.
- The withdrawal comes just days before a scheduled 40 million TRUMP token unlock worth approximately $309 million.
- 80% of the token’s 1 billion total supply is reserved for the project’s owners and creators, including Trump himself.
A wallet linked to the developers of President Donald Trump‘s Solana-based meme coin has transferred $4.6 million worth of project liquidity to a Coinbase Prime account on Tuesday. This significant withdrawal occurs just before the project’s first major token unlock scheduled for Thursday, which marks the three-month anniversary of the token’s launch on the eve of the president’s inauguration.
The upcoming token unlock will release 40 million TRUMP tokens into circulation, currently valued at approximately $309 million. At the token’s peak price shortly after its January launch, this same quantity would have been worth approximately $2.9 billion.
Mysterious Timing of Withdrawal
The reason behind the $4.6 million withdrawal remains unclear, particularly in relation to its timing before the token unlock. Decrypt reached out to a spokesperson for Bill Zanker, Trump’s longtime business partner who is listed on documents for an LLC connected to the token project, but received no immediate response about the transaction.
On-chain data shows the $4.6 million in USDC was withdrawn from Solana and bridged to a wallet on Ethereum, before being transferred to wallets identified by Arkham Intelligence as Coinbase Deposit or Coinbase Prime Custody wallets.
Market Impact and Token Distribution
The TRUMP token has experienced a steady decline since its January 17 launch, currently trading at $7.73 – representing an 89% drop from its all-time high. The introduction of 40 million additional tokens this week could further depress its price.
According to the official roadmap, after the initial 40 million token release, another 760 million tokens will be gradually released daily following various vesting cliffs. The complete supply of 1 billion tokens is scheduled to be in circulation by January 2028.
Market analysts previously told Decrypt that this week’s token unlock will likely increase selling pressure. However, TRUMP token’s unique user base, which includes many first-time cryptocurrency buyers, may not respond to typical market patterns.
A substantial 80% of the project’s ultimate 1 billion token supply is designated for the project’s owners and creators, including President Trump himself.
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