A wallet associated with the Trump team’s allocation of the TRUMP memecoin transferred 10.84 million tokens, worth approximately $16.91 million, to crypto custodian BitGo on July 25. The move extends a months-long pattern of consolidating TRUMP holdings with the institutional custodian, according to onchain data.
Fresh Transfer to BitGo
Blockchain analytics platform Lookonchain reported that the wallet identified as the Trump team’s allocation address sent 10.84 million TRUMP to BitGo on Thursday. The transfer continues a series of onchain movements that have routed significant portions of the allocation to the custodian over recent months.
Part of a Months-Long Pattern
The latest transaction aligns with prior observed behavior of gradually moving TRUMP tokens into custody rather than leaving them in team-controlled wallets. While the Trump team has not publicly detailed a custody policy, repeated transfers to BitGo indicate an ongoing effort to store assets with a third-party provider known for institutional-grade security.
About TRUMP and BitGo
TRUMP is a memecoin themed around former U.S. President Donald Trump. Memecoins are speculative and can exhibit high price volatility. BitGo is a U.S.-based digital asset custodian that offers secure storage and related services to institutional clients, funds, and corporate treasuries.
As of publication, additional details about the source wallet’s remaining balance and any forthcoming transfers were not disclosed by the parties involved. The Trump team’s allocation activity continues to be tracked by onchain analytics firms.