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2️⃣ Large TRUMP tokens withdrawn from centralized exchanges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.
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