Gate News Bot Message, November 12th, according to CoinMarketCap data, TRUMP (OFFICIAL TRUMP) is currently priced at $7.68, down 9.36% in the past 24 hours. The highest price reached $9.50, and the lowest dropped to $7.31. The 24-hour trading volume is $728 million. The current market capitalization is approximately $1.537 billion, a decrease of about $159 million from yesterday. TRUMP is currently ranked 54th in the cryptocurrency market cap list.
Recent important news about TRUMP:
1️⃣ Trump Media & Technology Group reports large crypto investments
The third-quarter financial report shows the company holds 11,542 Bitcoin, valued at about $1.3 billion. Additionally, the company achieved $15.3 million in profit through Bitcoin options investments and holds over 746 million Cronos, with an unrealized gain of $33 million. This large-scale crypto investment strategy demonstrates the company’s confidence in digital assets, positively impacting the TRUMP token.
2️⃣ Large TRUMP tokens withdrawn from centralized exchanges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’s price.
3️⃣ Trump actively involved in government shutdown resolution
Trump has repeatedly called for an end to the government shutdown, stating, “It looks like we are very close to ending the government shutdown.” The U.S. House of Representatives is expected to vote this Wednesday on a bill to end the shutdown. Trump’s active presence on the political stage has boosted market confidence in the TRUMP token.
From a technical perspective, TRUMP’s price has recently experienced a correction, but the 24-hour trading volume remains high, indicating strong market activity. 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
Analyst: The overheated bubble of Bitcoin (BTC) has been absorbed, but selling pressure still remains.
On-chain analyst Axel's research report indicates that the Bitcoin market has returned to a neutral range, but overall remains in a loss state with unrelenting selling pressure. The MVRV Z-Score shows that valuation bubbles have dissipated; however, aSOPR has remained below 1.0 for 55 consecutive days, indicating sustained selling pressure. Axel emphasizes that the key to the market lies in whether selling pressure will be exhausted, requiring observation of whether aSOPR can stabilize above 1.0.
動區BlockTempo25m ago
Citigroup Slashes Bitcoin and Ethereum 12-Month Price Targets, Citing Stalled U.S. Crypto Legislation Weighing on Upside Catalysts
Citigroup has lowered its 12-month price targets for Bitcoin and Ethereum, signaling a shift toward caution on the cryptocurrency market's medium-term outlook, primarily due to slow progress in U.S. crypto asset legislation. Bitcoin's target was reduced from $143,000 to $112,000, while Ethereum's fell to $3,175. Despite upside potential remaining in the future, the lack of new policy catalysts suggests prices may oscillate within a range in the near term. Citigroup's assessment of Ethereum is more cautious, as it believes the asset is more significantly impacted by on-chain activity.
区块客50m ago
Bitcoin Holds Strong at $70,000! On-Chain Data Reveals "Collective Selling Wave," Retail Investors Emerge as Biggest Selling Pressure
Under Middle East geopolitical tensions, Bitcoin faced widespread selling pressure, particularly from retail holders. According to Glassnode data, the market is experiencing heavy selling pressure, with the accumulated trend score declining to 0.04, indicating that retail and small-to-medium investors are reducing their positions significantly. Despite this, Bitcoin's resilience against the decline has surprised market observers.
区块客1h ago
ENJ Rockets Past $0.027 — 23% Surge Signals Momentum
Enjin Coin has surged 22.96% in 30 minutes, reaching $0.02737, reflecting increased trading activity and market interest. With a 24-hour change of +43.30%, traders are monitoring support at $0.025 and resistance at $0.030, suggesting potential trends ahead.
Coinfomania1h ago
Ethereum Returns to $2,300: Whales Accumulate 540,000 ETH, Exchange Inflows Drop to 10-Month Low
Ethereum's price rebounded above $2,300 on March 18, primarily driven by whale purchases and net exchange outflows. On-chain data shows investors have reduced their selling pressure, with supply tightening. Technical indicators reveal short-term resistance at $2,380 to $2,400, with support near $2,320. The futures market is also displaying positive signals.
GateNews1h ago
XRP Ledger Activity Surges as Price Holds Near Key Resistance
Key Insights
XRP Ledger processed over 2.5 million transactions in 24 hours, reflecting rising network engagement while the asset price remained stable near resistance.
XRP price holds near $1.41 while forming higher lows, indicating buyers continue supporting the asset despite repeated resis
CryptoFrontNews1h ago
