Concerns Rise as TRUMP Coin Developers Withdraw Massive Liquidity Pool

The developers behind the official TRUMP meme coin have triggered fears of a potential rug pull among investors. They recently removed $4.6 million from their liquidity pool, ahead of a significant token unlock scheduled for April 17th that could release $320 million in tokens. On-chain analysis by LookOnChain revealed this move. The developers then bridged the USD Coins (USDC) to Ethereum (ETH) before depositing them on Coinbase Prime, a platform used mainly by institutional investors. Traders speculate that this withdrawal indicates an exit strategy for the team, potentially leading to a large sell-off as liquidity is pulled out of the market.