Trump's team moved $16.91M in TRUMP tokens to three Fireblocks wallets. The transfer comes as the CLARITY Act faces a Senate vote before August recess.
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Donald Trump's team shifted 16.84 million Official Trump (TRUMP) tokens worth roughly $16.91 million to three Fireblocks custody wallets Friday, according to Arkham Intelligence data.
"TRUMP TEAM SENT $16M TRUMP TO CUSTODY," Arkham wrote on X. The analytics firm noted the wallets had received TRUMP tokens before and had sent past holdings to Bitgo, asking whether the team was "distributing TRUMP unlocks."
The transfers hit three addresses: one received about 3.555 million tokens, another 3.596 million, and a third 3.686 million.
The movement comes as roughly 80% of the total TRUMP supply sits with insiders, with 670 million tokens – 67% of all tokens – already unlocked. The TRUMP team can sell up to 96 million tokens worth about $150 million at current prices, per crypto tools data. That represents about 40% of the 237 million tokens now in circulation.
TRUMP traded at $1.57 at press time, down 83% from its year-ago high and roughly 98% below the $73.43 peak set in January 2025. Data shows about 1 million buyers have lost a combined $3.81 billion on the token.
The on-chain activity overlaps with a push for the CLARITY Act in Washington. Senate Majority Leader John Thune is trying to get the bill to the floor before the August recess, even though he acknowledged it lacks the 60 votes needed for passage. "I would like to at least get Clarity started. We'll see where the votes are," Thune said, per a CoinGape report.
The bill passed the House in July 2025 and cleared the Senate Banking Committee in May 2026 on a 15-9 vote. It needs about seven Democratic votes to pass. Key sticking points include ethics rules and consumer protection provisions that target Trump's crypto businesses, including the TRUMP memecoin.
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