On February 3, data monitored by Onchain Lens showed that the TRUMP meme token team conducted a significant transfer, moving 5.267 million TRUMP tokens into a BitGo custody wallet.
Valued at approximately $22.44 million, the transaction has drawn considerable attention across the crypto community. BitGo's custody solutions are well known for their robust security features, often utilized for handling substantial digital assets, which highlights the team’s emphasis on asset protection.
Industry analysts suggest that such large transfers might indicate strategic portfolio adjustments or plans for long-term token locking. This on-chain movement is worth close observation for investors and market watchers alike.