Trump Meme Team Wallet Moves 4.9M $TRUMP to BitGo in Possible Sell Setup

The Official Trump Meme Team Allocation wallet transferred another 4.915 million $TRUMP tokens — worth approximately $12.09 million — to an intermediate wallet labeled 3S7zwP. That wallet then consolidated the position and deposited 7 million $TRUMP ($17.22 million) directly into BitGo, a regulated institutional custody and settlement platform commonly used for OTC and exchange-bound flows.

The on-chain sequence — team allocation wallet to staging wallet to institutional custodian — is a pattern typically associated with preparation for a sale rather than long-term holding. For $TRUMP holders, the signal is straightforward: meaningful supply is moving toward a venue where it can be liquidated, adding potential sell-side pressure to an already sentiment-sensitive meme token.