Recently, interesting on-chain activities worth paying attention to: The issuer of the TRUMP token has been actively operating on a certain liquidity protocol over the past three weeks, with significant moves. On-chain data shows that they transferred 94 million USDC from the deployment address to a major exchange.

Where did this money come from? The underlying logic is actually not complicated — they played a unilateral liquidity game on Meteora. Simply put: they only provided TRUMP tokens to establish a liquidity pool, set a price range, and once the TRUMP price rises to this range, the system automatically sells TRUMP for stablecoins. This completes the cash-out.

Looking at TRUMP's operational approach and comparing it to how MELANIA tokens are dumped, both are very similar — both involve unilateral liquidity sales, ultimately converging into the same exchange account. It is very likely that the same操盘 team is behind both. This kind of bulk, systematic cash-out pattern indicates that the entire process has been carefully designed.

From a market perspective, this kind of Meme token issuer cash-out method is becoming more mature and tool-based. The unilateral liquidity approach not only avoids obvious signs of market dumping but also efficiently converts tokens into stablecoins, making it a case worth studying. Whether for investors or on-chain analysts, the data from such operations can provide valuable market insights.