Gate News Bot Message, November 11th, according to CoinMarketCap data, as of press time, TRUMP (OFFICIAL TRUMP) is trading at $8.49, up 4.84% in the past 24 hours, with a high of $9.50 and a low of $6.84. The 24-hour trading volume reached $1.811 billion. The current market capitalization is approximately $1.699 billion, an increase of nearly $78.4 million from yesterday. TRUMP is currently ranked 51st in the cryptocurrency market cap list.
Recent important news about TRUMP:
1️⃣ Trump Media & Technology Group reports large Bitcoin holdings
The Q3 financial report shows the company holds 11,542 Bitcoin, valued at about $1.3 billion. Additionally, the company earned $15.3 million from Bitcoin options investments and holds over 746 million Cronos tokens, with an unrealized profit of $33 million. This large-scale cryptocurrency investment strategy has a positive impact on the TRUMP token, demonstrating the company’s confidence in digital assets.
2️⃣ Large TRUMP tokens withdrawn from centralized exchanges
On-chain data shows a new wallet withdrew 3 million TRUMP tokens worth approximately $23.24 million from a centralized exchange within 15 hours. Another new wallet withdrew 2.5 million TRUMP tokens worth about $18.85 million within 12 hours. These large withdrawals may indicate increased long-term holders, providing support for TRUMP token prices.
3️⃣ Trump actively involved in government shutdown resolution
Trump has recently called for an end to the government shutdown multiple times and stated, “It looks like we are very close to ending the government shutdown.” The U.S. House of Representatives is expected to vote on a bill to end the shutdown as early as this Wednesday. Trump’s active presence on the political stage has boosted market confidence in the TRUMP token.
From a technical perspective, the TRUMP token price has broken through previous resistance levels, with high trading volume over the past 24 hours, indicating strong short-term buying pressure. However, due to political uncertainties, investors should closely monitor market changes and operate cautiously.
This message is not investment advice; please be aware of market volatility risks.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
BTC surged to $74,000 before falling back below $69,000, with the total market capitalization evaporating approximately $110 billion.
This week, the cryptocurrency industry received positive news from Wall Street, but Bitcoin's price fell from $74,000 to $69,000, with a market cap evaporating approximately $110 billion. The strength of the US dollar and macroeconomic factors are putting pressure on risk assets. Short-term holders are taking profits, increasing selling pressure, but the US spot Bitcoin ETF recorded net inflows, indicating an improvement in the funding environment.
GateNews54m ago
Today, the cryptocurrency Fear & Greed Index dropped to 12, indicating the market is in extreme fear.
Gate News Report, March 7th, according to Alternative.me data, today the cryptocurrency fear and greed index dropped to 12, indicating the market is in a state of "extreme fear." Yesterday, the index was 18, also in the "extreme fear" zone.
GateNews1h ago
Kaspa Tops CoinMarketCap Community Sentiment With 90% Bullish Votes – Here’s Why
Kaspa’s price hasn’t had the best year. The coin is currently trading around $0.03, and on the yearly chart it’s still down roughly 60%. That kind of drop usually hurts sentiment in most crypto
CaptainAltcoin2h ago
Will XRP Hold $1.33 or Extend Toward $1.30 Before Rebound?
XRP is currently trading at $1.35, experiencing a 1.3% decline. Key support is at $1.34, while resistance is at $1.40. The price is testing around the Fibonacci levels of $1.33 and $1.30, crucial for potential upward movement or deeper decline.
CryptoNewsLand6h ago
Dogecoin Monthly Breakdown Pattern Reappears as Price Tests $0.0918
Dogecoin is currently trading at $0.09205 at a gain of 2.3, with support of above $0.08878.
As can be seen in the monthly chart, there are recurring breakdown areas that have been followed by significant expansions in price.
The short-term trading range is narrow and the immediate point o
CryptoNewsLand6h ago
Solana Nears $95 Resistance With $17B Volume Surge
Solana approaches a key resistance level near $95, with increased trading volume and open interest signaling active trader interest. The token is currently at $90.20, facing potential upward movement if it surpasses $95, but may test $85 if rejected.
CryptoFrontNews6h ago
