Blockchain data reveals that the team behind former US President Donald Trump has executed a series of large-scale sell-offs of the $TRUMP token, cashing out approximately 3.39 million USDC through multiple liquidity addition and removal operations on decentralized exchanges.
According to on-chain data, over 12 transactions were recorded within minutes, including:
· Large REMOVE LIQUIDITY operations converting $TRUMP to USDC.
· Consecutive ADD LIQUIDITY transactions followed by immediate withdrawals.
Key transactions included:
· Withdrawal of 20,175.7 TRUMP valued at over $50,000.
· Withdrawal of 20,075.1 TRUMP worth $49,770.
· Repeated moves ranging between $25,000 and $50,000.
The timing of these sales has raised questions, especially as the $TRUMP token has been experiencing price declines recently.
Analysts suggest that continued selling pressure from the team could further impact the token's value and erode investor confidence, especially without official clarification from the team behind the project.