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Onchain Lens: Trump Team Moves 5.267M TRUMP Tokens to BitGo Custody Wallet (third-party asset storage)

According to Onchain Lens, 5.267 million TRUMP tokens worth $22.44 million were transferred from a distribution wallet (token allocation address) to a BitGo custody wallet (third-party asset storage) on February 3.

TRUMP

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Terms & Concepts
  • Custody wallet: A wallet controlled by a third-party custodian for secure storage and compliance needs.
  • Distribution wallet: A designated blockchain address used to allocate or disperse tokens from a project or team.
  • BitGo: A digital asset custodian that securely stores cryptocurrencies for clients.