Trump Team Sends Another $16.9M to Bitgo Amid TRUMP Token Price Plunge

The Trump team's wallet has moved another batch of TRUMP tokens, worth $16.91 million, to Bitgo on July 25, 2026. This transfer brings the total amount sent to Bitgo in five months to $172.4 million. The move is part of a pattern seen since earlier this year, with three batches of 48.25 million TRUMP tokens being moved to custody.

The transfer has sparked criticism from lawmakers and ethics watchdogs, who are concerned about conflicts of interest tied to a sitting president's family profiting from token sales. The team holds around 80% of the total supply under a three-year vesting schedule that began at launch.

TRUMP tokens have seen their price drop significantly since their January 2025 launch, with the current price hovering near $1.55. This represents a decline of over 96% from its peak, leaving hundreds of thousands of wallets sitting on billions of dollars in unrealized losses.