The TRUMP token team has transferred approximately 9 million TRUMP tokens, valued at $31.45 million, to BitGo's institutional custody as of January 15, 2025. This move marks a significant security upgrade for the political meme token, highlighting a shift towards institutional-grade asset management within the meme cryptocurrency sector. BitGo, known for its enterprise-level digital asset custody solutions, provides multi-signature protection, cold storage, and regulatory compliance, enhancing the security of TRUMP tokens.
This transfer reflects a broader trend of meme tokens adopting professional security practices as their market values grow. The strategic move underscores the importance of robust treasury management for tokens with substantial holdings, potentially influencing regulatory perceptions and increasing market confidence. Blockchain analytics firm Onchain Lens reported the transaction, emphasizing the transparency and evolving maturity in digital asset management.
TRUMP Token Team Transfers $31.45 Million to BitGo Custody
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