The Official Trump (TRUMP) meme team made a notable shift in holdings on May 11, signaling a potential near-term selloff.
The TRUMP meme team sent 4.915 million tokens, worth $12.09 million, from its 80% Supply Lock wallet to a Fireblocks institutional custody address, according to on-chain data from Arkham Intelligence analyzed by Finbold.
As such, the 80% Supply Lock wallet still holds 762.586 million TRUMP tokens, valued at approximately $1.87 billion at press time. Notably, the team’s total portfolio, which peaked at nearly $40 billion, has since declined by nearly 95%, largely due to token depreciation.
Is the TRUMP token team preparing to sell?
Since the beginning of 2026, the TRUMP team has followed a near-identical playbook each time, based on on-chain data from Arkham. Precisely, every unlock from the 80% Supply Lock wallet has been routed to Fireblocks institutional custody, then to BitGo, and finally deposited into centralized exchanges, including Binance and OKX.
For instance, in February, the team transferred tokens valued at $105 million in a similar manner before depositing 5 million units worth $17.3 million into Binance. In March, the team repeated the same strategy, with 5 million tokens, worth over $14 million at the time, flowing from BitGo into Binance.
Additionally, the team sent 8.253 million TRUMP tokens, valued at $23.44 million, to OKX on April 19. As such, a similar move could follow within a few days of today’s transfer to Fireblocks.
Market outlook for the Official Trump token
The TRUMP token has suffered significant bearish pressure amid adverse political risks, as Finbold previously reported. With the team controlling the majority of the token’s supply, the continued selloff could add more selling pressure.
Over the past 24 hours, the token dropped nearly 2%, furthering its multi-month capitulation, trading at about $2.42 at the time of publication. If recent Fireblocks deposits are soon sent to crypto exchanges, more bearish sentiment could persist.
