TRUMP Meme Coin Team Moves $23M, Sparking Sell-Off Fears

Edgen Crypto

·Mar 26 2026, 04:04

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Key Takeaways

The project team behind the TRUMP meme coin has executed a significant token transfer, moving millions of dollars worth of TRUMP to a custody wallet. This action signals a potential deposit to a centralized exchange, creating a substantial risk of a price decline if the team decides to liquidate its position.

Massive Token Movement: The project team transferred 6.97 million TRUMP tokens, valued at approximately $23.18 million, to a BitGo custody wallet.
Exchange Deposit Imminent: The use of BitGo, an institutional-grade custodian, strongly suggests the tokens are being prepared for a deposit onto a centralized exchange (CEX).
Significant Price Risk: A large-scale sale by the project team would drastically increase the token's available supply on the market, creating significant downward price pressure and potential for high volatility.

TRUMP Team Transfers $23M in Tokens to BitGo Custody

On-chain data confirms the project team behind the TRUMP meme coin initiated a major token movement, transferring 6.97 million TRUMP tokens worth an estimated $23.18 million. The destination wallet is managed by BitGo, a digital asset custody provider frequently used by projects and large holders as an intermediary step before depositing assets onto a centralized exchange (CEX). This type of transfer is often a precursor to making the tokens available for trading on a liquid, public venue.

Potential Exchange Deposit Creates Major Price Overhang

The transfer has created a significant overhang for the TRUMP token market. Should the team proceed with depositing this cache of tokens onto an exchange, it would represent a massive increase in the immediately sellable supply. A liquidation of this $23.18 million position would likely overwhelm existing buy orders and exert substantial downward pressure on the token's price. This move introduces considerable uncertainty and risk for current holders, as a team-led sale could trigger a sharp price correction and heightened volatility.