wallet associated with the deployer of playing cards Meme coins are moving tens of millions of dollars to Coinbase, drawing new attention to how liquidity is being unwound.
summary
- The wallet is playing cards Token deployers transferred $94 million USDC Coinbase in the last 3 weeks
- The funds were generated from a unilateral liquidity sale. playing cards In Meteora, we convert tokens directly USDC
- Repeated deposits were made to a wallet linked to a team playing cardsTransfer related assets to major exchanges throughout 2025
Over the past three weeks playing cards Meme tokens transferred approximately $94 million USDC According to on-chain data reported by analyst EmberCN on December 31st, it was introduced at Coinbase.
This funding appears to come from proceeds earned through Meteora’s unilateral liquidity. In these transactions, the deployer provided playing cards You can purchase tokens within a defined price range without combining them with stablecoins. Because a transaction occurred, playing cards automatically sold to USDCwhich was then routed to Coinbase.
This method has been a recurring exit path for wallets linked to both. playing cards and melaniasuggesting a coordinated trading operation rather than an isolated activity. Instead of selling directly on the spot market, liquidity is gradually converted into stablecoins before reaching a centralized exchange.
In the past three weeks, Trump meme tokens $playing cards 94 million installed addresses USDC Transferred to Coinbase.
these USDC It comes from them adding dollars to Meteora.playing cards Proceeds from unilateral liquidity sales (i.e. if you want to add liquidity, you just put money into it) playing cards Do not put U, go to set price range, etc. playing cards Sold as U).
Their meme token ( $playing cards and $melania)… pic.twitter.com/pF3G5YmJRE
— Yu Yan (@EmberCN) December 31, 2025
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Supply concerns reignite due to exchange rate movements
playing cards Listed across major platforms including Coinbase, Binance, OKX, Bybit, Robinhood, and Kraken. Throughout 2025, team-linked wallets have repeatedly made large deposits to these exchanges.
Approximately 3.53 million people in June playing cardsthe equivalent of approximately $32.8 million was transferred to Binance. Transfers to date total over 12.54 million tokens, worth nearly $150.7 million, and were distributed across multiple venues. These moves, often described as liquidity injections, have further fueled speculation about sustained selling pressure.
At press time, playing cards It traded 1.2% higher on the day at $4.96. The token is still down 15% over the past 30 days and is about 93% below its January high of $73.
Promotion continues despite mixed emotions
In an effort to increase participation amid declining trading activity, the project recently announced a $1 million gaming campaign. However, feelings remain divided. Critics cite deployer control, opaque liquidity mechanisms and frequent currency inflows as key risks.
Donald Trump has ties to the token through a licensing agreement, with reported allocations related to MAGA-branded crypto ventures. His cryptocurrency-related holdings have added more than $1.2 billion to his net worth, according to estimates, adding political weight to the scrutiny. playing cardson-chain activity.
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