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TRUMP Deployer Routes $94 Million in USDC to Coinbase After Meteora Conversions

The flows revive concerns about concentrated control over supply.

Overview

  • On-chain analysts report that wallets tied to the token’s deployer sent roughly $94 million in USDC to Coinbase over the past three weeks.
  • The transfers appear to stem from single-sided TRUMP positions on Meteora that automatically converted tokens into USDC before exchange deposits.
  • Separate trackers flagged a $33 million move on Dec. 30 routed through Fireblocks to Coinbase-linked addresses.
  • Team-linked wallets have shown recurring exchange inflows in 2025, including about 3.53 million TRUMP sent to Binance in June and more than 12.54 million tokens distributed across venues earlier in the year.
  • TRUMP now trades below $5 after a January peak near $73, and the project has launched a $1 million game campaign to spur participation.