Official Trump Meme Coin Sparks Sparks Lag attracts concern among traders after removing $4.6 million from the liquidity pool before unlocking the $320 million token lock.
A recent post reveals a lookonChain on-chat data analysis revealed that the developer of Presidential Memecoin had previously extracted a large amount of USD coins (USDC) from a liquidity pool worth $4.6 million. The USDC mountain will later be bridged to Ethereum (ETH) before depositing it on Coinbase Prime.
Coinbase Prime is a brokerage company that is primarily used by institutional investors. We provide institutional traders with a variety of on-chain services, including trading, financing and storing digital assets.
Many traders in the comments section responded to this news by speculating that a major sale could be ongoing as the team appears to be cashing out the liquidity of the token. While it does not indicate a complete exit, traders are beginning to raise concerns about potential lag pulls.
“When a developer moves like that, it’s usually one of two things: an exit or a repositioning. Either way, you’ll look to the next move,” said one trader.
“Trump and dump movements,” another trader said.
Official Trump Meme Coin Price Chart, April 16, 2025 | Source: crypto.news
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Meanwhile, another user responded to the movement by posting a rug seller meme with the text “I didn’t choose the lifespan of the rug, the life of the rug chose me.”
At the press conference, official Trump (Trump) memecoin has fallen by 2.72% over the past 24 hours. Currently trading hands at $7.87. This is nearly 90% lower than Meme Coin’s all-time high price, nearly 90% lower than $73.43. However, it’s still 83% higher when compared to the historical low of $4.29.
Tokens rose by more than 6% last week. Solana (Sol)-based Meme Coin has a market capitalization of $1.5 billion, with a daily trading volume of $350 million.
The recent $4.6 million liquidity withdrawal came one day before the unlocking of 40 million tokens or 20% of the circular supply, valued at around $320 million. The tokens, held by Trump’s affiliates, are scheduled to begin unlocking on April 17th and will continue daily for the next two years.
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