Trump memecoin creators move $105m of token to new wallets

A crypto wallet tied to the creators of US President Donald Trump’s memecoin moved $105 million worth of the token to new wallets on Friday.

The transactions, executed at 10:04 pm on Friday and 3:06 am on Saturday morning, London time, saw a wallet tagged as “Team allocation” on Arkham Intelligence send $81 million worth of TRUMP to a Fireblocks custody wallet, and almost $24 million to another unmarked wallet.

Fireblocks is a crypto custody platform that also sells assets on behalf of its customers. The unmarked wallet has previously sent a test transaction to Coinbase, the crypto exchange.

It’s not clear why the tokens were sent to these wallets. The team behind the Trump memecoin did not immediately respond to a request for comment.

The transactions come as scrutiny of the president’s crypto dealings mounts, and as US lawmakers work to pass the Clarity Act, a broad crypto market-structure bill.

Many Democrats say they can’t support the bill, which stands to give the crypto industry a much-needed boost, because it purportedly allows Trump to continue profiting off crypto.

Token unlocks

Since its launch just over one year ago, Trump’s memecoin has cratered in value.

It’s down a whopping 94% from its all-time high of $73, and has fallen a further 14% over the past week amid a crypto market rout that saw Bitcoin shed 12% and trade at its lowest value since April 2025.

The recent activity marks the biggest single transfer of the token since it launched.

When the Trump memecoin launched, its developers released only 20% of the total one billion tokens to the market.

The remaining 80% was kept by Trump and his collaborators in reserve and is subject to a release schedule over the following two years.

The first tranches of tokens — worth around $313 million at the time — were unlocked on April 17, exactly three months after the memecoin’s launch.

So far, $2.1 billion worth of TRUMP tokens have been unlocked for trading, according to DefiLlama.

It’s not clear what portion of the unlocked tokens the team behind the memecoin have cashed out. Once funds are sent to custody platforms like Fireblocks or crypto exchanges, token movements can no longer be traced.

Wallets tied to the Trump memecoin have previously sent $96 million in USDC, the dollar-pegged stablecoin, and $8.5 million in TRUMP to Fireblocks.

Trump’s memecoin team

On the Trump memecoin’s website, the token’s creators and a firm called CIC Digital LLC are pegged to receive the 800 million reserve tokens.

Trump wholly owns CIC Digital, according to his 2024 financial disclosure.

CIC Digital jointly owns Fight Fight Fight with another firm called Celebration Cards LLC, which is registered in Wyoming by Andrew Pierce, a corporate paralegal for Wyoming LLC Attorney.

Pierce’s firm specialises in setting up anonymous shell companies and asset protection planning, according to its website.

Bill Zanker, a Trump confidante who co-authored a book with the president in 2007, is listed as the primary contact for Fight Fight Fight in registration documents.

Although Pierce and Zanker appear to be involved with Trump’s memecoin, it’s not clear if they will receive any tokens themselves.

Tim Craig is DL News’ Edinburgh-based DeFi Correspondent. Reach out with tips at [email protected].