According to on-chain analyst Onchain Lens, the official TRUMP token team allocation wallet transferred 8.73 million TRUMP to institutional custodian BitGo on September 21, 2026, worth approximately $17.99 million. On-chain data shows that over the past two weeks, this wallet has transferred a total of about 31 million TRUMP to BitGo custody, with a total value of approximately $70.64 million.

The total supply of TRUMP tokens is 1 billion, with a circulating supply of about 273.1 million, accounting for 27.31% of the total supply. Based on the current price, the fully diluted valuation is approximately $2.05 billion. In the token distribution structure, multiple addresses labeled "Creators & CIC Digital" hold about 80% of the supply, jointly held by CIC Digital LLC and Fight Fight Fight LLC, which are associated with the Trump family. The tokens are subject to a linear unlocking mechanism with batch unlocking nodes, with the full unlocking plan expected to continue until around 2028.

The TRUMP token officially launched on January 17, 2025, just two days before the presidential inauguration. On the first day, the price surged from about $6.5 to a peak of $75 by Sunday, before rapidly falling back, dropping below $40 by Tuesday, experiencing a dramatic rise and subsequent halving within just a few days. According to crypto researcher Conor Grogan, the Trump family entities made approximately $58 million in transaction fees on the first day of trading. The token's official website disclosed that most major holders are bound by a three-year unlocking clause, preventing them from selling their entire holdings at once.

BitGo is a regulated institutional-grade digital asset custodian in the U.S. and multiple jurisdictions, primarily providing cold storage and compliant custody services for exchanges, funds, and large holders. The migration of large amounts of tokens from the team allocation wallet to BitGo typically corresponds to the holders organizing assets for subsequent unlocking batches, over-the-counter trading, or compliance audits, rather than directly equating to selling on the open market.

From a market mechanism perspective, the on-chain path shows an "internal transfer from team wallet to regulated custodian" rather than a "transfer from team wallet to exchange address," indicating that this transfer has not yet created direct selling pressure in the secondary market, and TRUMP's price has not experienced significant fluctuations. However, due to the high concentration of holdings among Trump family-related entities, on-chain analysts and traders generally view such bulk transfers to custody as risk management and "pre-sale actions" ahead of unlocking. Only when funds are observed moving from BitGo custody addresses to exchanges will the market interpret it as a true sell signal; for now, the immediate pressure is on the secondary market's expectations of potential selling pressure and retail sentiment, as the Trump family-related holders can manage risk through custody without needing to liquidate in the market immediately.

On-chain data shows that the circulating supply of TRUMP has increased from less than 10% at the launch in early 2025 to the current approximately 27.31%, with the frequency and scale of token transfers from the team wallet to institutional custodians rising in line with the unlocking progress.

Source: Public Information