Recently, another interesting on-chain activity has been uncovered. According to Ember's monitoring, over the past 3 weeks, the deployment address of a certain political-themed token (5e2qR...r5G7) has been very active—continuously transferring 94 million USDC into a compliant exchange. Where did these USDC come from? Tracking further, it was found that all of it originated from this address's unilateral sales operations on the Meteora liquidity pool.

What seems like a complex on-chain behavior is actually just two words: cashing out.

The method used by the project team sounds quite professional—the Meteora DLMM (Dynamic Liquidity Market Making). This tool allows users to hold only one type of token (for example, only a political token), add it to a trading pair (like token/USDC pool), and then, by setting a price range, automatically convert their tokens gradually into stablecoins. It sounds like a borrowed concept from centralized liquidity design of some DEX, but optimized on the Solana chain, claiming to reduce impermanent loss and increase LP yields.

In essence, this is covert selling. Nothing magical about it.

This is not an unexpected event but a "standard process" in the later stages of memecoin development. The project team uses the most decent and least likely to cause rapid dumps method to move all the chips that can be converted into dollars into exchanges. Familiar recipe, familiar taste—especially common with tokens linked to politics or celebrities. Building hype early to push prices up, then gradually offloading later, leaving only a trail of wreckage.

If you've already lost a lot of money on this coin, don't expect to return to the all-time high. Sincerely recommend setting a stop-loss or take-profit price—sell when it hits, don't deceive yourself. If you want to chase short-term gains, wait until the project’s selling pace clearly slows down and substantial positive signals appear before considering low buying—but honestly, the risk is terrifying.

If you're just watching from the sidelines, this scene can reveal many issues. Political or celebrity-related memecoins really are just like gambling; don’t treat them as value investments. On-chain data never lies—every such operation demonstrates a truth: playing with these coins is gambling. Recognizing this is the only way to avoid becoming a victim.