Coinbase Sees $94M Trump Memecoin Exodus Amid Token Collapse

In a dramatic turn of events that underscores the volatility and speculative nature of meme-driven cryptocurrency projects, wallets associated with the OFFICIAL TRUMP (TRUMP) memecoin on the Solana blockchain have moved approximately $94 million in USD Coin (USDC) to the Coinbase exchange throughout December 2025. The most significant single transaction, a staggering $33 million transfer routed through the institutional custody platform Fireblocks, occurred on December 30. This massive capital movement coincides with the token's catastrophic decline from its all-time high of $75.35 in January 2025 to a value under $5, effectively wiping out nearly all the gains accumulated during its post-launch speculative frenzy. The timing and scale of these withdrawals suggest a coordinated exit by the project's core team or early insiders, capitalizing on liquidity before the token's value evaporated further. This event serves as a stark case study in the high-risk, pump-and-dump dynamics that can plague celebrity or politically themed memecoins, where hype often outweighs fundamental utility. The transfer to Coinbase, a major fiat on-ramp, strongly indicates an intent to convert these digital assets into traditional currency, signaling a loss of confidence in the project's immediate future. For the broader cryptocurrency market, this incident highlights the critical importance of transparency, regulatory scrutiny, and investor due diligence, especially for assets whose value is primarily driven by social sentiment and viral trends rather than technological innovation or tangible use cases. As of early 2026, the episode stands as a cautionary tale about the extreme risks inherent in the memecoin sector.

Trump Memecoin Team Moves $94M USDC to Coinbase as Token Plummets 90%

Wallets linked to the OFFICIAL TRUMP (TRUMP) memecoin project on Solana have transferred approximately $94 million in USD Coin (USDC) to Coinbase over December. The largest single transaction—$33 million—occurred on December 30, routed through Fireblocks. These withdrawals coincide with the token's collapse from its January all-time high of $75.35 to under $5, erasing nearly all gains from its post-launch speculative frenzy.

On-chain analytics firm Arkham identified the wallets as part of the 'Official TRUMP Meme' cluster. The TRUMP team's liquidity pool withdrawals suggest profit-taking or risk mitigation after insiders reportedly gained over $320 million through trading fees and liquidity provisions during the token's volatile lifespan.

Bitcoin's Stagnation Below $90,000 Weighs on Altcoin Market

Bitcoin's inability to breach the $90,000 resistance level continues to cast a shadow over the broader cryptocurrency market. The leading digital asset has been range-bound for weeks, with altcoins suffering deeper losses as investor appetite wanes. On-chain data reveals a persistently negative Coinbase Premium Index, signaling bearish sentiment among U.S. investors compared to global markets.

Analysts note modest four-hour bullish momentum and a recent $355 million ETF inflow, suggesting gradual improvements. "Market recovery will be incremental," says on-chain researcher Anıl, emphasizing the need for sustained positive metrics. The current stagnation reflects a critical juncture for crypto markets, where Bitcoin's performance remains the primary catalyst for any meaningful turnaround.