Trump Memecoin Team Shifts $105 Million in Tokens Amid Mounting Political Scrutiny
In a move that has captured the attention of both crypto markets and political observers, wallets linked to the creators of the Donald Trump-branded memecoin transferred approximately $105 million worth of TRUMP tokens over the weekend. The transactions represent the largest single movement of the asset since its launch.
Blockchain analytics platform Arkham Intelligence flagged the activity, which originated from a wallet tagged "Team allocation." At 22:04 London time on Friday, $81 million in TRUMP was sent to a wallet associated with Fireblocks, a institutional-grade digital asset custody platform. Hours later, at 03:06 Saturday, nearly $24 million more was moved to a separate, unmarked wallet that has previously interacted with the Coinbase exchange.
The timing is notable. The transfers coincide with heightened scrutiny in Washington over politicians' involvement in the volatile cryptocurrency sector. A key legislative effort, the Clarity Act—a broad market-structure bill seen as a potential boon for the industry—faces opposition from some Democratic lawmakers. Their concern, as cited in recent committee hearings, is that the bill's current framework might allow figures like former President Trump to continue profiting from digital asset ventures.
The TRUMP token itself has faced a turbulent market. Since its debut just over a year ago, its value has plummeted 94% from an all-time high of $73. It fell another 14% in the past week amid a broader crypto sell-off that dragged Bitcoin to its lowest level since April 2025.
According to the project's original tokenomics, only 20% of the total one billion TRUMP supply was released at launch. The remaining 800 million tokens were reserved for Trump and collaborators, with a scheduled unlock over two years. Data from DefiLlama indicates that about $2.1 billion worth of TRUMP has been unlocked for trading so far. Once tokens are moved to custody services like Fireblocks or into major exchanges, their subsequent trail typically goes cold, making it difficult to ascertain if and when the team cashes out.
Corporate records tie the reserve tokens to Trump's wholly-owned entity, CIC Digital LLC, and the token's creators. CIC Digital jointly owns a company named "Fight Fight Fight" with Celebration Cards LLC, a Wyoming firm registered by Andrew Pierce, a paralegal whose firm specializes in forming anonymous shell companies. The primary contact for "Fight Fight Fight" is listed as Bill Zanker, a longtime Trump confidant and co-author.
Market Reaction & User Commentary
"This is standard treasury management for any serious project," commented Marcus Chen, a Singapore-based crypto fund manager. "Moving funds to a custody provider like Fireblocks ahead of potential regulatory milestones is prudent, not nefarious. The market's negative reaction is more about macro conditions than this transfer."
"Are you kidding me? This is a blatant cash-out setup," argued Derek Miller, an independent trader from Austin, his tone sharp. "They've watched the token tank 94%, the political heat is turning up, so they're shuffling funds to places where they can quietly liquidate. It's an insult to every retail holder left holding the bag. The whole 'politician coin' experiment is becoming a masterclass in exit liquidity."
"The intersection here is fascinating," noted Dr. Aliyah Vance, a political economist at a Washington think tank. "This isn't just a crypto story. It's a live case study on how political capital is being monetized in novel, largely unregulated digital arenas. The Clarity Act debate shows lawmakers are acutely aware of the implications, but struggling to craft effective policy."
"The Wyoming LLC connection is the tell," added Ben Carter, a blockchain forensics analyst. "That jurisdiction is famous for privacy. Pairing that with institutional custody creates layers of opacity. We may never know the ultimate destination of those funds."
The team behind the Trump memecoin has not responded to requests for comment regarding the purpose of the transfers.