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Bitcoin & Crypto DEVELOPING

Wallet tied to Trump Media moves bitcoin to Crypto.com, Arkham data shows

First reported Source: CoinDesk + 1 moreLast editorial activity Write a comment ↓
Dynamic chart depicting cryptocurrency market trends with price and volume over time.
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Data tracked by Arkham shows a large BTC transfer from a wallet supposedly linked to Trump Media to Crypto.com. CoinDesk, the outlet reporting the movement, frames it against a stock decline at the company.

What the blockchain tracking shows

Arkham's tracking of the public ledger points to a sizeable bitcoin transfer from a wallet that is supposedly connected to Trump Media, with Crypto.com as the destination. The wallet's link to the company is described as supposed rather than established.

Stock decline as the backdrop

The transfer happened while Trump Media's stock was falling. According to the report, that timing highlights potential financial instability, which could affect market confidence and the path of bitcoin.

Open questions

  • Has Trump Media confirmed that it controls the wallet behind the transfer?
  • What is the purpose of moving the bitcoin to Crypto.com?

Key facts

  • A wallet supposedly linked to Trump Media made a large BTC transfer to Crypto.com.
  • The movement was tracked by Arkham.

Sources & evidence

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