BlockBeats News, December 31st. According to EmberCN’s monitoring, in the past 3 weeks, the deployment address of the Meme token TRUMP issued by Trump transferred 94 million USDC to Coinbase.
This USDC originated from their sale of TRUMP single-sided liquidity on Meteora (i.e., when adding liquidity, only TRUMP is deposited and automatically sold to the corresponding stablecoin pair within a set price range).
EmberCN’s analysis stated that both TRUMP and MELANIA’s primary cash-out method involved single-sided liquidity sales, eventually converting to USDC flowing into Coinbase. Behind this, there may be the same trading team.
