Exchange Ranking
Top Exchanges
24h Volume Ranking
Popularity Ranking
Exchange BTC Balance
Proof of Reserves
Decentralized Exchanges
Funding Rate
Funding Heatmap
Liquidation Data
Max Pain
Long/Short Ratio
Whale L/S Ratio
Binance/Okex/Huobi L/S
Bitfinex Margin L/S
ETF Tracker
Solana ETF
XRP ETF
Hong Kong ETF
Bitcoin Treasuries
Crypto Reversal
Ethereum Reserves
HyperLiquid Wallet Analysis
Hyperliquid Whale Watch
Large Transactions
On-chain Movement
Bitcoin ROI
Stablecoin Market Cap
Options Analysis
News
Articles
Economic Calendar
Features
Wallet
Contract Calculator
Security
Collections
Watchlist
Following
TRUMP Trump Team Transfers TRUMP Tokens to Fireblocks Custody Wallet
The official Trump Team has transferred approximately $16.91 million in TRUMP Tokens to Fireblocks Custody Wallet, while Senate negotiations on ethical rules in the CLARITY Act remain deadlocked.
TRUMP tokens transferred to Fireblocks escrow wallet
According to monitoring data, on July 25, 16.84 million TRUMP tokens (worth approximately US$16.91 million) were sent to three Fireblocks escrow addresses. These addresses had previously received TRUMP tokens and subsequently transferred the tokens held to BitGo. Whether this transfer is related to the distribution of TRUMP unlocking tokens remains to be seen.
The transaction itself does not prove that the token has been sold or transferred to the exchange. However, the use of escrow addresses has raised concerns because a large portion of the supply of the memecoin is still in wallets controlled by insiders.
The cryptocurrency data tool shows that the team can sell up to 96 million tokens, accounting for 9.6% of the total supply and approximately 40% of the reported circulation supply (237 million tokens). About 80% of the total supply is still held by insiders, while about 670 million (or 67%) have been unlocked.
As of press time, TRUMP was trading at approximately US$1.57, down 83% from the peak of the same period last year and nearly 98% from the peak of US$73.43 reached in January 2025.
CLARITY Act ethical rules focus on Trump's encrypted connections
The transfer comes as Senate Republicans are trying to build support for the Digital Asset Markets Clarity Act, or CLARITY Act, before they recess in August. Senate Majority Leader John Thune has been pushing the bill to a vote, even if he cannot get the 60 votes needed to overcome the filibuster. The House passed the bill in July 2025, and the Senate Banking Committee voted 15 - 9 to advance the bill in May 2026. The bill still needs more Democratic support, and ethical standards and consumer protection remain major obstacles.
Republicans have added restrictions on the encryption activities of senior elected officials in the latest draft. According to the draft, the rule will cover the president, vice president, members of Congress, federal judges and their spouses. Restricted officials are not allowed to issue or promote digital assets and must sell their crypto assets, use confidential trusts, or take both measures. This clause will expire at noon on January 20, 2029 (the end of Trump's term). In addition, if relevant arrangements exist before the official is restrained, the company can continue to use the name, portrait or image of the official.
The focus of Democratic opposition is on the law enforcement mechanism. Democratic Senator Angela Alsobrooks opposes relying on the Justice Department to enforce ethical rules alone, calling it "not serious." She said she would oppose the CLARITY Act if the current wording went to a vote in the Senate. Her position is particularly important because she was one of two Democrats in the Senate Banking Committee in May who supported the bill's advancement.
President Donald Trump accepted the ethics clause earlier this week after Democratic lawmakers made restrictions on crypto transactions by elected officials a condition for continuing negotiations. However, differences over who would enforce the restrictions have prevented a cross-party agreement. Democrats pushed for the inclusion of the clause after financial disclosures showed Trump made as much as $1.4 billion from crypto-related companies last year.
What TRUMP transfers mean for U.S. holders
For U.S. TRUMP holders, on-chain transfers add new supply risks, while the Senate is debating whether elected officials can retain links to token projects. The Fireblocks transfer itself does not prove a sale, but monitoring data points to the same address that tokens have been previously transferred to BitGo, prompting more scrutiny of its potential use. The current focus is on whether the wallets will further transfer tokens to exchanges or other custodians, and whether the negotiating parties can resolve the Justice Department's enforcement dispute before the Senate recess in August.
