Trump Media Moves 2,628 BTC to Crypto.com; EmberCN Puts Total Losses Around $555 Million
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On-chain data indicates addresses linked to Trump Media (DJT) transferred 2,628 BTC (~$165M) to Crypto.com, following earlier outflows that total ~7,281 BTC this year. While an exchange transfer is not definitive proof of selling, it increases near-term supply/overhang risk and can weigh on sentiment. Reported large combined realized and unrealized losses (~$555M) may amplify market sensitivity to further wallet movements.
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Blockchain analyst @EmberCN reported that addresses linked to Trump Media (NASDAQ: DJT) transferred 2,628 BTC—valued at roughly $165 million—to Crypto.com. The company is previously estimated to have accumulated 11,542 BTC at an average cost of about $118,500. So far this year, the related addresses have sent out approximately 7,281 BTC and now hold about 4,261 BTC. EmberCN estimates the combined realized and unrealized losses at around $555 million. Transfers to an exchange do not necessarily mean the assets were sold.
