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Crypto

$17M Trump Token Transfer Sparks Fresh Questions Amid Price Decline

Guavy AI Editorial Team
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ARKM TRUMP TRU
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The Official Trump (TRUMP) team has transferred $16.9 million in tokens to BitGo custody, according to blockchain tracking account Lookonchain.

This is part of a five-month total exceeding $172 million in transfers from the same wallet cluster, with multiple transactions moving from a 'Team Allocation' address to Fireblocks custody addresses.

Arkham Intelligence's explorer data shows this pattern of transfers has recurred at various points since the token's launch in January 2025.

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