Notification
Mycryptopot
  • Home
  • News
  • Crypto
    • Altcoins
    • Bitcoin
    • Blockchain
    • Cardano
    • Ethereum
    • Nft
    • Solana
    • XRP
    • Tron
  • MarketCap
  • Market
  • Forex
  • Mining
  • Metaverse
  • Exchange
  • Regulations
  • Analysis
    • Crypto Bubbles
    • Multi Currency
    • Evaluation
Reading: TRUMP developers remove $4.6m from liquidity pool, raising rug pull concerns
Share
bitcoin
Bitcoin (BTC) $ 107,713.86
ethereum
Ethereum (ETH) $ 3,765.40
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 1,067.30
usd-coin
USDC (USDC) $ 0.999979
xrp
XRP (XRP) $ 2.42
binance-usd
BUSD (BUSD) $ 0.994443
dogecoin
Dogecoin (DOGE) $ 0.179521
cardano
Cardano (ADA) $ 0.596404
solana
Wrapped SOL (SOL) $ 182.00
polkadot
Polkadot (DOT) $ 2.83
tron
TRON (TRX) $ 0.29128
MycryptopotMycryptopot
Search
  • Home
  • News
  • Crypto
    • Altcoins
    • Bitcoin
    • Blockchain
    • Cardano
    • Ethereum
    • Nft
    • Solana
    • XRP
    • Tron
  • MarketCap
  • Market
  • Forex
  • Mining
  • Metaverse
  • Exchange
  • Regulations
  • Analysis
    • Crypto Bubbles
    • Multi Currency
    • Evaluation
© 2024 All Rights reserved | Powered by Crypto My Crypto Pot
Mycryptopot > News > Crypto > Altcoins > TRUMP developers remove $4.6m from liquidity pool, raising rug pull concerns
Altcoins

TRUMP developers remove $4.6m from liquidity pool, raising rug pull concerns

April 21, 2025 3 Min Read
Share
TRUMP developers remove $4.6m from liquidity pool, raising rug pull concerns
mycryptopot

The workforce behind the official TRUMP meme coin sparks rug pull considerations amongst merchants after eradicating $4.6 million from its liquidity pool forward of a $320 million token unlock.

In a latest publish, on-chat knowledge evaluation from LookOnChain revealed that builders of the presidential meme coin beforehand extracted a big chunk of USD Cash (USDC) from its liquidity pool, price $4.6 million. The USDC pile is later bridged to Ethereum (ETH) earlier than they have been deposited into Coinbase Prime.

mycryptopot

Coinbase Prime is a brokerage platform that’s primarily used for institutional buyers. It provides institutional merchants quite a lot of on-chain companies together with buying and selling, financing, and custody of digital property.

Many merchants within the feedback part responded to this information by speculating {that a} huge sell-off could also be on the best way because the workforce seems to money out on the token’s liquidity. Whereas it doesn’t point out a full exit, merchants have begun elevating considerations a couple of potential rug pull.

“When the dev strikes like that, it’s normally one in every of two issues.. exit or reposition. Both method, eyes on the following transfer,” stated one dealer.

“Trump and dump transfer,” stated one other dealer.

mycryptopot
Price chart for official TRUMP meme coins, April 16, 2025 | Source: crypto.news

Worth chart for official TRUMP meme cash, April 16, 2025 | Supply: crypto.information

You may additionally like: Trump Derangement Syndrome crypto falls 20% amidst inventory market crash

In the meantime, a special consumer reacted to the transfer by posting a meme of a rug vendor with the textual content “I didn’t select the rug life, the rug life selected me.”

At press time, the official TRUMP (TRUMP) meme coin is down 2.72% up to now 24 hours. It’s presently buying and selling arms at $7.87, which is almost 90% decrease than the meme coin’s all-time excessive worth at $73.43. Nonetheless, when in comparison with its historic low of $4.29, it’s nonetheless 83% increased.

Previously week, the token has gone up greater than 6%. The Solana (SOL)-based meme coin’s market cap stands at $1.5 billion, with a $350 million each day buying and selling quantity.

The latest withdrawal of $4.6 million in liquidity comes a day previous to the unlocking of 40 million tokens or 20% of the circulating provide, which is valued at roughly $320 million. These tokens, held by associates of the Trump Group, are scheduled to begin unlocking on April 17 and can proceed each day all through the following two years.

You may additionally like: $TRUMP soars above $12 after Trump’s Reality Social publish

mycryptopot

You Might Also Like

The Return of IOTA Begins—Explore, Innovate, and Earn from 3M IOTA!

SunPump and BitMart Team Up to Expand Meme Coin Market on TRON

NEAR Protocol to Get Institutional Support with New Laser Digital Fund

4 Key Takeaways From ‘State of Solana Q3 2024’ By Messari

Solana’s Firedancer Proposes Uncapping Block Compute-Unit Limit

TAGGED:AltcoinsAltcoins News
Share This Article
Facebook Twitter Copy Link
Previous Article US President Donald Trump takes questions from reporters before boarding Air Force One Ripple: Peter Brandt Reveals Year-End Forecast for XRP
Next Article Bitcoin rallies past $87k as Metaplanet and Strategy purchase 6,856 BTC worth almost $600M Bitcoin rallies past $87k as Metaplanet and Strategy purchase 6,856 BTC worth almost $600M
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

- Advertisement -
mycryptopot

Popular News

Tangle Network Partners with Orochi Network to Advance Blockchain Capabilities
Tangle Network Partners with Orochi Network to Advance Blockchain Capabilities
SONEX launches on Soneium’s mainnet 
SONEX launches on Soneium’s mainnet 
Shiba Inu
Solana Unveils “Seeker” Phone: Will SOL Spike To $250 Now?
Shiba Inu
Cardano: Recent Poll Has ADA Beating Out Ethereum & Solana
image
Layer-1 DEX, HYPE token, staking, security
Highlights From ABS2024 In Taipei: 13,245 Attendees Gather For Asia’s Premier Blockchain Summit
Highlights From ABS2024 In Taipei: 13,245 Attendees Gather For Asia’s Premier Blockchain Summit
- Advertisement -
mycryptopot

You Might Also Like

Ethereum
Altcoins

Ethereum Coder Detained As Turkey Investigates Network Exploitation

August 11, 2025
image
Altcoins

Metamask Makes the Altcoin Move Everyone Has Been Waiting For Years!

August 7, 2025
Crypto Whales Bought These Altcoins in the Third Week of March 2025
Altcoins

Crypto Whales Bought These Altcoins in the Third Week of March 2025

March 24, 2025
Best Cryptocurrency to Invest In as Whales Buy $1B Ethereum - Is $ETH Pumping?
Altcoins

Next Big Crypto to Invest In as Whales Buy $1B Ethereum – Is $ETH Pumping?

January 23, 2025
Mycryptopot

"Welcome to MyCryptoPot, your go-to source for the latest insights and developments in the ever-evolving world of cryptocurrency.

Editor Choice

Bitget Wallet launches new SuperDEX upgrade after OKX suspends DEX aggregator
Bitcoin rips to $82k after Trump’s 90-day pause on tariffs catalyze bullish sentiment
Ethereum Stablecoin Supply Hits ATH $180 Billion While ETH Drops by 7%

Follow Us on Socials

We use social media to react to breaking news, update supporters and share information

Facebook Twitter Telegram
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms of Service
Reading: TRUMP developers remove $4.6m from liquidity pool, raising rug pull concerns
Share
© 2024 All Rights reserved | Powered by Crypto My Crypto Pot
Welcome Back!

Sign in to your account

Lost your password?