Trump Media transferred 2,628 Bitcoin worth approximately $165 million to Crypto.com, according to blockchain analytics platform Lookonchain citing data from Arkham. The transfers bring the company's total reported sales over the past seven months to 7,281 BTC at an average selling price of $74,855 per coin. Trump Media originally purchased 11,542 BTC at an average price of $118,522 before beginning to sell, leaving current holdings at 4,261 BTC worth $269.8 million. The company has now sold 63% of its position.
This matters because it represents continued selling from a large holder. Trump Media is distributing a position bought at higher levels, and the selling has been methodical rather than panic-driven — seven months of steady outflows rather than a single capitulation event. Recent transfers to Crypto.com suggest the company is working through a series of sales over time. The average selling price of $74,855 sits well below the $118,522 entry price.
For traders, this confirms persistent sell-side pressure from a holder with 4,261 BTC still on its books. Funding at +0.8 basis points sits only marginally above the 30-day average of +0.6bp, indicating no aggressive long positioning despite the overhang. Fear and Greed at 27 matches the 30-day baseline of 26. The lack of funding compression or sentiment collapse indicates the market has absorbed Trump Media's sales without dislocation, but continued distribution of this size may create headwinds for spot price momentum until the remaining position clears.
Watch the Arkham-tracked wallet address that currently holds 4,261 BTC. Any additional movement to Crypto.com deposit addresses signals the next tranche of selling and should be monitored as a potential near-term supply source. If the wallet goes dormant for an extended period, it would suggest the distribution schedule has paused or concluded, removing a known source of supply.
Source: CoinTelegraph