Trump Media Moves $344 Million in Bitcoin to Crypto.com as TRUMP Hits a Record Low: How Are Trump’s Crypto Ventures Doing?

TRUMP crypto ventures came under fresh pressure after Trump Media moved 4,259 BTC, about $344 million, out of wallets holding its convertible-note collateral and into a Crypto.com-linked address. This happened a day after the TRUMP memecoin hit a record low. Lookonchain flagged the transfer at 03:00 UTC. The blockchain shows two transactions, of 2,140.04 BTC and 2,119.31 BTC, confirmed in block 974,613 at 02:17 UTC. The move lands in a bad week for every Trump-linked asset. After Tuesday’s US midterm elections went the Democrats’ way, the TRUMP token, World Liberty Financial’s WLFI and Trump Media’s stock all fell, even as Bitcoin climbed back above $80,000. The question traders are asking is simple: are the Trump businesses selling their Bitcoin? The blockchain answers part of it.

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