Recent developments involving the $TRUMP token and its associated meme coin, PEPE, have ignited concern within the crypto market. A prominent developer behind the TRUMP token withdrew a substantial sum of USDC liquidity ($4.6 million) just hours before an unusual spike in transactions for PEPE tokens occurred. 🤯 A closer look at on-chain activity reveals connections between these two assets: wallets linked to the TRUMP token developer have bridged and deposited funds into Coinbase Prime, while significant spending on PEPE tokens was observed from a series of wallets associated with Tornado Cash. The price of $TRUMP has held its ground in the face of this unusual liquidity move, but questions remain as to whether these actions will impact the future trajectory of both tokens.