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2️⃣ Large TRUMP tokens withdrawn from centralized exchanges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
Nearly half of the Bitcoin supply is in the red as long-term investors take profits
Nearly half of Bitcoin's supply is currently at a loss as long-term investors sell off. The Bitcoin Impact Index has risen to 57.4, indicating significant market stress and potential for increased sell pressure if prices do not recover soon. This situation highlights investors' cautious sentiment and the fragile state of the market.
TapChiBitcoin5m ago
85% or 200% Surge Next for Cardano? ADA Tests Key Level Linked to Historic Breakouts
Cardano’s native token has been among the poorest performers in the past year, with on-chain data suggesting that ADA active wallets are down over 40% on their investments within this timeframe.
However, this could actually be bullish for the underlying asset, especially when it’s combined with ano
CryptoPotato47m ago
Bitmine is aggressively accumulating 71,000 ETH! ETH total open positions exceed 4.73 million ETH, as Tom Lee calls for moving in early to get ahead of a market rebound
Bitmine Immersion Technologies has recently made a large-scale increase in its Ethereum holdings, with its amount reaching 4.732 million ETH, accounting for 3.92% of the global supply. The company has accelerated its purchases in anticipation that the market will emerge from its slump, and it has emphasized the value of crypto assets amid geopolitical risks. At the same time, Bitmine launched an institutional staking platform, which has staked 3.14 million ETH, generating annualized staking revenue of $177 million, indicating long-term confidence in Ethereum and an investment strategy.
動區BlockTempo54m ago
Kevin O'Leary: BTC & ETH Capture 98% Crypto Value
Kevin O’Leary claims BTC and ETH dominate 98% of the crypto market, sidelining altcoins. While BTC leads, their combined dominance is around 70%. Institutional preference favors established assets, but innovation continues in altcoins, driving a complex market dynamic.
Coinfomania1h ago
Reputed Crypto Analyst Shares Detailed Explanation: Why Is the Crypto Market Dumping?
Reputed crypto analyst shares detailed explanation on market dump.
The expert breaks down several factors to answer why is the crypto market dumping.
Besides the geopolitical strife, the Fed and monetary bonds add to the dump.
In the final days of the month of March, the price of
CryptoNewsLand1h ago
UNI and AAVE are the first to be hit! Analyst: The CLARITY Act could seriously damage the DeFi yield myth
《Digital Asset Market Clarity Act (CLARITY Act)》 focuses on stablecoin regulation. If it passes, it will have a major impact on DeFi protocols, especially by banning platforms from offering yield on stablecoins. This will cause returns to be re-concentrated in traditional financial institutions, shrinking the competitive space for crypto platforms. The report warns that multiple DeFi projects such as Uniswap and Aave may face stricter regulation, affecting trading volume and liquidity.
区块客1h ago
