FeesSafety
Pluang+

Trump Media transfers $344M in Bitcoin amid stock plunge after US midterms

Market News
05 Nov 2026, 06:16 WIB
Crypto Briefing
View Source
Neutral
Trump Media transfers $344M in Bitcoin amid stock plunge after US midterms

Trump Media & Technology Group moved $344 million worth of Bitcoin (4,259 BTC) to Crypto.com as its stock price dropped 24% following the US midterm elections, raising concerns about financial stability. Despite this, prediction markets remain confident that Bitcoin will maintain high price levels by November 6. Investors should watch for further signs of financial distress from Trump Media and broader market reactions to election outcomes that could impact Bitcoin's price trajectory.

Trump Media's stock on Pluang shows a market cap of Rp6,55 trillion and a 24-hour trading volume of Rp9,44 trillion as of Nov 05, 2026 11:31 WIB. The stock price is down 16.59% in the last day, with 68% of Pluang orders selling and a typical hold time of 31 days. This trading activity follows the reported $344 million Bitcoin movement by Trump Media amid its stock price drop after the US midterms.

More News (TRUMP)

WLFI and TRUMP tokens drop over 11% amid Democrats' projected control of Congress.

WLFI and TRUMP tokens drop over 11% amid Democrats' projected control of Congress.

During the election-night trading window on November 3-4, World Liberty Financial (WLFI) and OFFICIAL TRUMP (TRUMP) tokens each fell more than 11% from their session openings. WLFI dropped from $0.05142 to a low of $0.04533, closing at $0.04782, whil...

Market News
Bearish
10 hours ago
Trump's TRUMP token drops 7% as Democrats win Congress; DeFi tokens and Bitcoin rally.

Trump's TRUMP token drops 7% as Democrats win Congress; DeFi tokens and Bitcoin rally.

The Official Trump (TRUMP) cryptocurrency fell 7.1% following Democratic victories in the US midterm elections, reflecting investor concerns over increased scrutiny of Trump's business interests. Meanwhile, World Liberty Financial's WLFI token droppe...

Neutral
17 hours ago
Lighter token leads weekly rebound with 34% gain; Bitway falls 42% from weekly high.

Lighter token leads weekly rebound with 34% gain; Bitway falls 42% from weekly high.

Lighter (LIT) token showed the strongest weekly recovery, rebounding 34% from its low to $3.45 as of November 4. Other notable weekly rebounds included LayerZero (ZRO) up 31% and Stacks (STX) up 29%. Bitway (BTW) experienced the largest weekly drop, ...

Neutral
21 hours ago
Bitcoin is 39% below its peak while meme coins drop up to 99%, far worse than the S&P 500's 3% dip.

Bitcoin is 39% below its peak while meme coins drop up to 99%, far worse than the S&P 500's 3% dip.

Bitcoin is currently 39% below its all-time high, with Ethereum down 55%, and meme coins like Dogecoin and TrumpCoin falling 90% to 99% from their peaks. In contrast, the S&P 500 is only about 3% below its record high, showing much smaller losses. Th...

Market News
Bearish
3 days ago
TRUMP coin rises 12.25% to $1.778 with $5.93M trading volume in 24 hours

TRUMP coin rises 12.25% to $1.778 with $5.93M trading volume in 24 hours

The TRUMP cryptocurrency token saw a significant price increase of 12.25% over the past 24 hours, reaching $1.778. During this period, its trading volume was nearly $5.93 million, indicating strong market activity. The token's lowest price of the day...

Market News
Bullish
3 days ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App