Official Trump Team Transfers $26 Million in TRUMP Tokens to BitGo
A $26 million token transfer to BitGo followed a 43% monthly gain for TRUMP amid intense competition from new Solana launchpad tokens.
The team behind the Official Trump memecoin transferred $26 million worth of TRUMP tokens to custody provider BitGo following a price rally at the end of August. The token recorded a 43% gain over the month, representing its first monthly price increase since October 2025.
The transfer coincided with technical resistance near the $2.50 level, as the token pulled back from an August peak of $3 toward $2.30. Analysts cited in the report discussed whether the transaction represents standard profit-taking following the recent surge or a broader strategic adjustment of team holdings.
The transfer also occurred amid intensifying competition within the memecoin ecosystem, particularly on the Solana network. Data highlighted in the piece indicates that more than 313,000 tokens were deployed via Solana launchpads over the past week, marking the highest weekly token creation rate since the period following the TRUMP token's initial release.
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