The Trump team wallet transferred 10.84 million TRUMP tokens worth approximately $16.91 million toward institutional custodian Bitgo on Saturday, according to blockchain analytics platform Lookonchain. The firm stated the transfer likely represents a staging move, with tokens typically routed through Bitgo before landing on exchanges for eventual sale. This marks the latest in a pattern where the project's team has moved a cumulative 48.25 million TRUMP, worth approximately $172.4 million, across three separate batches over the past five months.
Lookonchain Flags Fresh Bitgo Transfer
Blockchain analytics platform Lookonchain reported the official Trump team allocation wallet sent 10.84 million TRUMP, worth roughly $16.91 million at current prices, toward institutional custodian Bitgo. The firm noted the transfer likely represents a staging move, with tokens typically routed through Bitgo before landing on exchanges for eventual sale. Lookonchain's data on the Trump team wallet has repeatedly preceded price swings in TRUMP over the past several months.
Trump Team Moved $172M Across Three Batches
Saturday's transfer has not been an isolated event. The project's team has moved a cumulative 48.25 million TRUMP, worth approximately $172.4 million, across three separate batches over the past five months. 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. The team's wallet had already sent roughly $31.45 million and $23.18 million to Bitgo in prior tranches, and the timing of such transfers has historically preceded exchange-side activity for the token.
TRUMP Trades at $1.55 After 96% Decline
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. TRUMP launched on the Solana network in January 2025 alongside a companion token for First Lady Melania Trump, and both tokens saw explosive early demand before giving back the bulk of their gains as initial excitement faded and vesting unlocks began feeding new supply into the market.
Trump-Affiliated Entities Control 80% Supply
Trump-affiliated entities control roughly 80% of the token's total supply under a three-year vesting schedule that began at launch, a structure that has drawn criticism from lawmakers and ethics watchdogs concerned about conflicts of interest tied to a sitting president's family profiting from token sales. Decentralized finance analysts who track meme coin issuance say concentrated team-held supply of this scale is unusual even by meme token standards, since it gives a small group of wallets outsized influence over available liquidity whenever tokens move toward exchanges. Each fresh custody transfer tends to further ignite that debate.
FAQ
How much TRUMP did the Trump team transfer to Bitgo on Saturday?
The Trump team wallet transferred 10.84 million TRUMP tokens worth approximately $16.91 million toward institutional custodian Bitgo on Saturday, according to blockchain analytics platform Lookonchain.
What is the total amount of TRUMP the team has moved over five months?
The project's team has moved a cumulative 48.25 million TRUMP, worth approximately $172.4 million, across three separate batches over the past five months.
What percentage of TRUMP supply do Trump-affiliated entities control?
Trump-affiliated entities control roughly 80% of the token's total supply under a three-year vesting schedule that began at launch in January 2025.
