TRUMP token team moves $16.9M to custody as price nears $1.50

A wallet linked to the Official Trump team transferred $16.9 million in TRUMP tokens to custody, the third large batch in five months.

"Tokens were likely headed to BitGo custody before eventual deposit on exchanges, based on the pattern of prior movements," Lookonchain said in a July 25 post on X.

The transfer of 10.84 million tokens moved from an address labeled "Official Trump Meme: Team Allocation" to Fireblocks custody addresses, per Arkham Intelligence data cited by the blockchain tracking account. The team has moved a cumulative 48.25 million tokens, worth approximately $172.4 million, across three batches since February, Lookonchain said. TRUMP's price declined more than 66% over that period, following each of the transfers, the analytics account noted.

TRUMP traded at $1.55 as of 14:00 UTC, down 3.9% over the past week and near the $1.50 support level. The token has lost 84.6% of its value since its January 2025 launch, when it debuted above $10. Its market capitalization stood at about $387 million against a fully diluted valuation of $1.56 billion, reflecting the gap between circulating supply of roughly 248 million tokens and a total supply of 999.9 million. Twenty-four-hour trading volume reached $193.6 million, CoinMarketCap data shows.

Custody transactions of this kind move tokens into institutional-grade storage infrastructure and do not confirm a sale. However, prior transfers from the same wallet cluster to BitGo and Fireblocks have historically preceded subsequent deposits to centralized exchanges, based on Lookonchain's tracking. A break below $1.50 could trigger further selling pressure, with no on-chain data indicating the team has paused distribution.

This article is for informational purposes only and does not constitute investment advice.