Official Trump (TRUMP) faces fresh potential supply pressure after wallets linked to the project moved 10.84 million tokens worth about $16.91 million. Blockchain tracker Lookonchain said the assets appeared to be heading through crypto custodian BitGo and could later reach exchanges. No sale has been confirmed.
The transfers came as Donald Trump joked about seeking a fourth presidential term and displayed a "Trump 2028" hat at a White House Correspondents' Association dinner. The political remarks and token movement have no confirmed connection, but their timing has renewed attention on a meme coin tied closely to Trump's brand.
Lookonchain said project-linked wallets have moved 48.25 million TRUMP, valued at roughly $172.4 million, in three batches over the past five months. TRUMP has dropped more than 66% during that period and traded near $1.55, about 3% lower over 24 hours.
Wallet transfers can support liquidity, market making, distributions or later sales, so their purpose remains unclear. The project has said it may deploy, sell, distribute or otherwise monetize unlocked tokens for partnerships and other initiatives. TRUMP previously reached $75.35 after its January 2025 launch, but has since given back most of that gain.
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Originally published by CryptoSlate on July 25, 2026.
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