As a crypto investor, I’ve been watching the TRUMP token situation closely. It looks like the wallet associated with the Trump team just moved another $16.91 million worth of tokens – about 10.84 million TRUMP – to Bitgo for safekeeping. This isn’t a one-time thing; they’ve been doing this consistently over the past few months, steadily transferring these tokens to that custodian.
Key Takeaways
- Trump team wallet shifted 10.84 million TRUMP ($16.91 million) toward Bitgo.
- Team moved 48.25 million TRUMP ($172.4 million) in three batches over five months.
- TRUMP trades near $1.55, down over 96% from its January 2025 launch as scrutiny over the transfers grows.
Onchain Data Flags a Fresh Bitgo Transfer
According to blockchain analysis firm Lookonchain, the official wallet for the Trump team sent 10.84 million TRUMP tokens (currently worth about $16.91 million) to Bitgo, a company that securely holds digital assets. Experts believe this transfer is a preliminary step, meaning the tokens will likely pass through Bitgo before being sold on cryptocurrency exchanges.
Over the past few months, data from Lookonchain has consistently shown wallet activity linked to the Trump team just before the price of TRUMP changes. This past Saturday’s transfer wasn’t a one-time occurrence; the team has moved a total of 48.25 million TRUMP (around $172.4 million) in three separate transfers over the last five months.
The activity builds on a longer-running pattern TopMob has tracked since earlier this year. In May, the allocation wallet moved 7 million TRUMP worth about $17.22 million to Bitgo through an intermediate address, a transfer that marked the third major custody move logged since the token’s January 2025 launch on Solana. That report noted the team’s wallet had already sent roughly $31.45 million and $23.18 million to Bitgo in prior tranches, and that the timing of such transfers has historically preceded exchange-side activity for the token.
Price Under Pressure Since the January 2025 Launch
TRUMP is trading near $1.55 at press time, a fraction of the price it commanded shortly after its debut. The token has declined roughly 96% from its peak, a drop that left hundreds of thousands of wallets sitting on billions of dollars in unrealized losses.
About 80% of the token’s supply is controlled by groups connected to Donald Trump, with these tokens being released to them over three years starting when the token first launched. This arrangement has sparked concerns from politicians and ethics groups, who worry about potential conflicts of interest and the possibility of the Trump family benefiting financially from the token’s sales. Every time these tokens are transferred, the debate intensifies.
Experts following the decentralized finance (DeFi) space point out that the large amount of these meme coins held by a small group is rare, even for meme tokens. This gives those few wallets significant control over how easily the coins can be bought and sold on exchanges.
The cryptocurrency TRUMP was launched on the Solana network in January 2025, along with a token representing Melania Trump. Both coins initially saw a surge in popularity, but most of their value decreased as the initial hype died down and more tokens became available.
2026-07-25 17:28