Trump Meme Coin Team Withdraws $4.6M to Coinbase Ahead of $309M Token Unlock
The TRUMP meme coin team withdrew $4.6 million worth of USDC from a liquidity pool just days before a significant token unlock scheduled for April 18, 2025. This withdrawal was made to a Coinbase Prime account as part of preparations for releasing 40 million TRUMP tokens into circulation, estimated to be worth around $320 million at current prices. Since its launch on January 17, 2025, the TRUMP token has experienced a substantial decline, currently down 89% from its all-time high. The upcoming unlock will add pressure to the token's market price, and analysts predict additional selling may occur due to the influx of new tokens. The total supply will eventually amount to 1 billion tokens by January 2028, with a significant portion allocated to the project's creators and investors.
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