Trump Meme Coin Team Redraws$ 4.6 million from Coinbase ahead of the$ 309 million key unlocking deal.

On Tuesday, a pocket used by the Solana image gold authors of President Donald Trump made its first-ever withdrawals, sending$ 4.6 million worth of project cash to a Coinbase Prime accounts. &nbsp,

The action comes just days before the program’s second major sign unlock, which is scheduled for Thursday. 40 million Republican tokens are expected to be distributed on the day of the government’s inauguration, three months after the coin’s surprise surprise launch. &nbsp,

That sum is estimated to be worth about$ 309 million at the time of writing. It would have been worth about$ 2.9 at its peak price, shortly after launch.

Why the stock’s group chose to remove$ 4.6 million from the project this month, or whether that decision is related to the looming key unlock, is a mystery. &nbsp,

‘s request for comment on the creation was not instantly received by a spokesperson for long-term Trump business mate Bill Zanker, who is listed on documents for an LLC related to the key job.

The$ 4.6 million in USDC was then transferred from Solana to an Ethereum pocket, where they were later transferred to cards that Arkham Intelligence has designated as Coinbase Deposit or Coinbase Prime Custody cards.

Since its launch on January 17, the Republican token’s significance has steadily decreased. At this writing, it is already down 89 % from its all-time large, reaching$ 7.73. &nbsp,

It’s possible that flooding the market with thousands of more TRUMP tokens will merely probably lower that price. After the first 40 million token unlocking, another 760 million will be released consistently on a daily basis following several cliffs, with the whole provide of 1 billion tokens circulating by January 2028, per the established blueprint.

Analysts recently told that the token’s release is likely to put more pressure on the market, even though the coin’s unique user base, which includes several first-time crypto buyers, may not be as vulnerable to common industry triggers. &nbsp,

A staggering 80 % of the site’s final 1 billion key supply is designated for the project’s owners and authors, including Trump himself.

edited by Andrew Hayward