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Trump's team sent 267 million TRUMP tokens to BitGo storage
According to Onchain Lens monitoring data provided by Odaily, the main account of the Trump administration made a large transfer of crypto assets. A total of 5,267,000 TRUMP tokens were sent to the custodial storage at BitGo, which is approximately $17.7 million at current exchange rates.
Scale and Details of the Transaction
The transaction amounting to 267 million units of value demonstrates significant trading activity of digital assets managed by the administration. The distribution address (abbreviated: Aduis…PUU4) initiated this transfer specifically to the specialized storage at BitGo, known in the industry as a reliable custody service provider for large cryptocurrency holders.
Significance of BitGo’s Trading and Custody Solution
Choosing BitGo to manage such volumes of assets is no coincidence. The platform provides institutional-level security and insurance coverage for digital assets. The transfer of 267 million tokens to professional custody reflects a growing trend among major TRUMP holders to prefer specialized solutions for protecting and managing their portfolios in a volatile market.