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$165M BTC Transfer Sparks Senate Investigation into TRUMP Memecoin

Guavy AI Editorial Team
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BTC MEME TRUMP TRU
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Senators are urging the Securities and Exchange Commission (SEC) to investigate Trump's $TRUMP memecoin over allegations of a 'rug pull'.

The move comes after it was discovered that Trump Media had moved 2,628 BTC, worth approximately $165 million, from its wallets to Crypto.com over the weekend.

This transfer has raised concerns about the true nature and intentions behind the TRUMP memecoin, which has been marketed as a way for supporters to show loyalty to former President Donald Trump.

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