TRUMP Token Team Moves $12M to Fireblocks

Blockchain analytics platform Arkham Intelligence reported that the team behind the TRUMP meme coin moved roughly $12.09 million worth of tokens on Monday.

According to Arkham, the transfer originated from a wallet holding approximately $1.86 billion worth of TRUMP tokens. The funds were first sent to the institutional custody platform Fireblocks before being deposited into wallets linked to crypto custodian BitGo.

Key Points

• The Trump team moved $12.09M tokens via Fireblocks and BitGo, sparking new selloff concerns in the market.
• Arkham says funds came from a $1.86 billion wallet, fueling speculation of possible future exchange transfers.
• Earlier transfers include $19.87M and $31M+ moves, raising questions over repeated large token routing.
• TRUMP trades near $2.41, down 97% from peak, amid political scrutiny and weak market performance.

Historical Movements on TRUMP Tokens

Notably, the latest movement is not the first major transfer from the TRUMP token team. Just two weeks ago, the team moved 6.667 million tokens worth $19.87 million to an anonymous wallet.

Notably, prior to this transaction, the Trump crypto wallet received a similar volume of tokens from Meteora.

Earlier this year, in January, wallets associated with the project reportedly moved about 9 million TRUMP tokens worth over $31 million to BitGo-linked wallets, followed by another 6.97 million TRUMP worth more than $23 million shortly after.

Some interpret the transfers to custodians as a signal that a selloff may be imminent. BitGo is widely used by institutional investors, exchanges, and crypto projects for cold storage and multi-signature custody solutions.

However, repeated routing of large TRUMP allocations through institutional channels has fueled speculation that some of the tokens could eventually reach trading venues.

TRUMP Price Remains Under Pressure

Notably, these recent transactions come as the token continues to struggle to regain momentum. Market data shows TRUMP trading around $2.41 following the latest transfers, down about 2.5% over the previous 24 hours.

Longer-term performance has remained weak. The meme coin has dropped more than 15% over the past month and over 69% during the last six months. Notably, TRUMP’s price has collapsed roughly 97% from its early 2025 peak of $75.35.

The decline has continued even after promotional efforts by U.S. President Donald Trump, including events involving TRUMP token holders.

The token has also drawn political scrutiny in the United States. Senators Adam Schiff, Elizabeth Warren, and Richard Blumenthal have previously raised concerns over the TRUMP token’s ownership structure and potential risks to retail investors.

Reports indicate that Trump-affiliated entities control roughly 80% of the token’s supply under a three-year vesting arrangement.