Trump Team Unlocks 10.8M TRUMP Tokens Worth $16.9M
The Trump team has unlocked approximately 10.8 million TRUMP tokens worth $16.9 million and transferred them to an external wallet, according to on-chain analytics platform Arkham.
This move comes amid ongoing scrutiny of token unlocks and their potential impact on market prices. Large unlocks often create selling pressure, particularly if the tokens are moved to exchanges where they can be liquidated.
The team's specific plans remain unconfirmed, but based on past patterns, the tokens may next be moved to custody firm BitGo before being deposited onto centralized exchanges such as OKX.