TRUMP Meme Team Pulls $33M USDC Today, $94M in 30 Days, Sending All Funds to Coinbase
Key Takeaways:TRUMP Meme Team Moves $33M USDC to CoinbaseLiquidity Pool Impact and Market MechanicsLiquidity Exits the Pool as Funds Head to Coinbase
Sending funds to Coinbase adds another layer of market relevance. Coinbase is one of the biggest centralized regulated exchanges that are regularly used in:
- Large spot trades
- Treasury management
- Operational expenses
- Potential over-the-counter (OTC) activity
A direct deposit will not prove an immediate sell. USDC is already a stable asset; hence, there is no price risk of holding it. Nevertheless, inflows of exchange are usually an indication of anticipating further action, either to re-distribute capital, finance market operations or subsidize further strategic actions.
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