Trump meme coin team moves 6.97 million TRUMP to BitGo custody wallet

Onchain Lens reported the March 26 transfer, saying the movement matched a previous pattern seen before tokens were sent to centralized exchanges (crypto trading platforms).

TRUMP

Summary

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Terms & Concepts
  • Custody wallet: A wallet managed by a third party that stores digital assets on behalf of users or institutions.
  • Centralized exchanges: Crypto trading platforms operated by a company that handles order matching, asset custody, and transactions.
  • On-chain tracking: The monitoring of blockchain transactions to identify wallet movements, token transfers, and activity patterns.