The team behind the Donald Trump-backed TRUMP memecoin transferred nearly $16.9 million worth of tokens to custody wallets, sparking speculation about their next move. This activity coincides with ongoing debates over the CLARITY Act, which targets crypto ventures linked to public officials, including Trump. Insiders still control a large portion of the token supply, with the ability to sell millions more tokens. The token price has dropped significantly from its peak, and the transfers raise questions about whether they relate to routine custody or regulatory responses.
Official Trump (TRUMP) memecoin traded narrowly between $1.50 and $1.60 but declined 2.46% in 24 hours, extending weekly losses to 4%. A team-linked address transferred 10.837 million TRUMP tokens worth $16.91 million, adding to 48.25 million tokens ...
A team-linked wallet transferred 10.84 million TRUMP tokens worth about $16.91 million into custody, marking the third large transfer in five months totaling 48.25 million tokens ($172.4 million). These transfers, likely routed through custody servic...
