Trump Team Transfers $16.9M of TRUMP Tokens Amid Supply Concerns

The Official Trump (TRUMP) token has seen another large transfer of its tokens, this time worth $16.91 million. According to Lookonchain, a team-linked wallet transferred 10.84 million TRUMP tokens on July 25, the third such batch in five months.

This move follows a pattern seen in previous batches, where tokens first leave an allocation wallet before moving through institutional custody infrastructure and potentially reaching centralized exchanges.

Yu Jin, an on-chain analyst, noted that these tokens may move through BitGo before reaching exchange accounts. Arkham-linked reporting also identified transfers involving Fireblocks custody addresses, which can support secure storage, settlement, or exchange routing.

The TRUMP price has been trading near $1.56 after the transfer, down about 2.6% over 24 hours. The market value reached near $387 million and daily volume around $198 million. This adds new supply concerns to the market, although blockchain activity alone cannot confirm that the team sold any tokens.