Trump wallet routes $16.9M in TRUMP to Bitgo

On July 25 the Trump allocation wallet transferred 10.84 million TRUMP tokens, worth about $16.9 million, to institutional custodian Bitgo. The transfer increases five-month total transfers to Bitgo to 48.25 million TRUMP, approximately $172.4 million.

Blockchain analytics platform Lookonchain flagged the transaction and noted tokens are often routed through Bitgo before arriving on exchanges for sale. The pattern of custody movements from the allocation wallet began after the token’s January 2025 launch on the Solana network.

Since the launch the allocation wallet has sent three major batches to Bitgo. In May it moved about 7 million TRUMP, valued at roughly $17.22 million at the time, through an intermediate address. Earlier tranches moved amounts equivalent to about $31.45 million and $23.18 million. The combined total of those transfers and the July 25 movement equals about 48.25 million TRUMP.

TRUMP traded near $1.55 at the time of the July 25 transfer, down about 96% from levels shortly after its debut. Large numbers of wallets are holding substantial unrealized losses.

Entities affiliated with former President Donald Trump control roughly 80% of TRUMP’s supply under a three-year vesting schedule that began at launch. Lawmakers and ethics watchdogs have raised questions about potential conflicts of interest and the prospect of token sales by members of the president’s family during the vesting period; each custody transfer has drawn renewed scrutiny.

TRUMP launched in January 2025 alongside a companion token linked to First Lady Melania Trump. Both tokens saw strong initial demand before most gains were reversed as early excitement faded and scheduled vesting releases increased circulating supply. Recent transfers to Bitgo continue a pattern of moving allocation-held tokens out of long-term custody to intermediaries that can facilitate exchange listings or sales.