Wallets identified by on-chain analytics account Lookonchain as associated with the Official Trump memecoin team received about $3.39 million in USDC over roughly 10 hours through repeated additions and removals of single-sided TRUMP liquidity on Meteora. This is according to an Aug. 24 report. The activity occurred on Solana. It represents another instance of a liquidity-based method previously associated with wallets linked to the token.
Lookonchain described the transactions as the team “selling” TRUMP through liquidity additions and removals rather than through a conventional centralized-exchange order. Its post directed readers to Solscan records for the relevant wallet activity.
The wallet attribution, however, is an on-chain analytics assessment rather than a public confirmation from the Official Trump project. No statement from the project confirming ownership or control of every wallet involved was identified in the available sources.
The transactions are notable because they do not resemble a straightforward transfer of TRUMP to an exchange followed by a visible market sale.
Meteora’s own documentation confirms that its Dynamic Liquidity Market Maker, or DLMM, supports single-sided liquidity. A liquidity provider can deposit one asset and configure a specific price distribution rather than supplying equal amounts of both assets.
For a TRUMP position containing only the meme coin, trading activity can progressively change the composition of the position as buyers transact through the relevant price range. As a result, the position can contain USDC, which the liquidity provider can subsequently withdraw.
That distinction matters. The $3.39 million figure should not automatically be described as a single $3.39 million exchange dump. Based on the mechanism described by Lookonchain and Meteora’s documentation, the reported USDC represents stablecoins received through the liquidity process. They were subsequently removed from the positions.
Multiple independent reports published Aug. 24 described the same activity. BeInCrypto reported that Lookonchain had identified $3.39 million in USDC being pulled over 10 hours. TheNewsCrypto separately reported the same figure and mechanism.
The latest activity is not isolated.
In April 2025, a wallet associated with the TRUMP project withdrew about $4.6 million in USDC from a Meteora liquidity pool. DL News reported that the funds were subsequently bridged to Ethereum and sent to Coinbase.
Lookonchain also documented that earlier transaction at the time. A contemporaneous report reproduced the analyst’s finding that $4.6 million USDC was removed from the pool before being bridged to Ethereum and deposited into Coinbase Prime.
The December 2025 activity was considerably larger. Multiple reports citing on-chain data said wallets associated with the Official Trump project removed approximately $94 million in USDC from TRUMP liquidity pools during December. Some of the funds were ultimately routed toward Coinbase-associated infrastructure.
Those historical episodes provide important context but should not be treated as proof that the August 2026 transactions represent the same operational intent. The blockchain records establish movements of assets. They do not, by themselves, establish why the wallets acted or whether the funds were ultimately sold for fiat.
The latest liquidity activity matters because it occurred while TRUMP was attracting renewed market attention.
A liquidity position functions differently from a centralized-exchange order book. When a substantial amount of token liquidity is concentrated inside particular price ranges, removing the position can change the amount of immediately available liquidity around those levels.
That does not necessarily mean the token will fall. Price impact depends on the amount of remaining liquidity, trading volume, the distribution of liquidity across Meteora’s bins and activity on other venues.
The more immediate issue is transparency. Holders and traders can see a large USDC withdrawal on-chain. However, identifying the economic purpose behind that withdrawal requires following subsequent transactions and establishing who controls the destination wallets.
The Official Trump token itself also has a highly concentrated supply structure. A Kraken regulatory disclosure for the asset states that 80% of TRUMP was allocated to affiliated entities subject to a vesting schedule. Additionally, the token was launched on Solana with a total supply of 1 billion.
Reuters previously reported that trading fees from the token generated substantial revenue after its January 2025 launch. Blockchain-analysis firms estimated between $86 million and $100 million in fees by Jan. 30, 2025.
That history helps explain why movements from wallets associated with the project’s insiders receive close market attention.
The strongest confirmed element of the latest report is the existence of the on-chain activity described by Lookonchain. Approximately $3.39 million in USDC was received through a series of liquidity-related operations over about 10 hours.
The use of single-sided liquidity on Meteora is also consistent with the platform’s documented functionality.
What remains less certain is the ownership of every wallet involved.
Lookonchain labels the wallets as belonging to the “Trump team,” and several independent outlets have repeated that attribution. However, blockchain addresses do not inherently identify their human or corporate controllers. Without a direct statement from the project or a sufficiently documented wallet-labeling trail, MemeBlock should describe the addresses as wallets identified by Lookonchain as linked to the Official Trump team. They should not be described as definitively controlled by Donald Trump or a named Trump-affiliated company.
The same caution applies to the characterization of the activity as a “sale.” Economically, converting TRUMP inventory into USDC through a liquidity pool can have the effect of selling tokens into market demand. But it is not identical to placing a single market order on a centralized exchange.
The main unanswered question is where the $3.39 million in USDC went after it was removed from the Meteora positions.
Earlier transactions provide a precedent for funds moving from Solana liquidity positions through bridges and eventually toward centralized-exchange infrastructure. But that historical pattern does not establish the destination or purpose of the August 2026 funds.
A second issue is liquidity depth. If additional team-linked positions are removed while trading remains elevated, the token could become more sensitive to relatively large market orders. That would increase potential slippage and short-term volatility, although it would not establish a guaranteed decline.
There is also a distinction between wallet attribution and intent. Even if an address is correctly associated with the project, the blockchain does not reveal whether a withdrawal represents profit realization, treasury management, operational funding, a transfer between affiliated wallets or another purpose.
The most important data points for traders and editors to monitor are subsequent movements from the wallets identified by Lookonchain, changes in their remaining TRUMP and USDC balances, and any transfers to centralized exchanges or other custody infrastructure.
MemeBlock should also verify the complete Solana addresses and transaction hashes before publication. That would allow the reported $3.39 million figure to be reconstructed directly from blockchain records. It would also make it possible to distinguish liquidity removals, swaps, transfers and subsequent deposits.
For now, the available evidence supports reporting the event as on-chain liquidity activity attributed by Lookonchain to Trump-linked wallets. It should not be reported as a conclusively verified $3.39 million direct exchange sale by Donald Trump or a named Trump-controlled entity.
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