TRUMP Coin is attracting crypto traders' attention following the Trump token team's move to transfer significant amounts of the meme asset to custodial addresses associated with the Fireblocks digital asset management platform.
The team behind the Donald Trump-backed Official Trump (TRUMP) memecoin has transferred nearly $16.9 millionworth of TRUMP tokens to custody wallets, triggering fresh speculation about the projects next move. The on-chain activity comes as lawmakers push forward with the CLARITY Act and as the tokens scheduled unlock continues to attract investor attention.
The wallet tied to the Trump team's TRUMP token allocation moved another 10.84 million tokens, worth $16.91 million, toward custodian Bitgo on July 25, extending a pattern the team has repeated for months. Onchain Data Flags a Fresh Bitgo Transfer Blockchain analytics platform Lookonchain said the official Trump team allocation wallet sent 10.