Price Action for TRUMP, PEPE Defies Logic After Large On-Chain Moves

• $TRUMP developer pulled $4.6M liquidity, then bridged and sent funds to Coinbase
• Linked wallets spent $4.28M on $PEPE, raising concerns of potential market rigging
• $TRUMP and $PEPE hold key support zones despite suspicious and high-volume activity

Suspicious on-chain activity involving the OFFICIAL TRUMP (TRUMP) token and PEPE sparked concern in the crypto market Tuesday. Data showed large, potentially questionable transactions for both assets. 

Lookonchain data showed the TRUMP token developer withdrew $4.6 million in USDC liquidity roughly 13 hours before the report. Those funds were bridged to Ethereum and deposited into Coinbase Prime.

Meanwhile, Lookonchain also flagged five wallets linked to privacy mixer Tornado Cash spending $4.28 million to acquire 611 billion PEPE tokens within the prior 8 hours. 

Related: Official TRUMP Coin Price Analysis: Whale Dump Spurs 13.5% Drop in 24 Hours

How Did $TRUMP Price React to Developer’s $4.6M Liquidity Pull?

Despite the heavy liquidity pull by the developer – often a bearish signal – $TRUMP’s price remained relatively stable, trading …

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