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2️⃣ Large TRUMP tokens withdrawn from centralized exchanges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
Pi Network Weekly Drop 6%, Bullish RSI Meets Billion-Token Unlock Pressure
Pi Network has recently faced price declines, but technical indicators such as RSI approaching oversold levels and community sentiment remaining positive. Despite bullish signals, increased exchange reserves and upcoming token unlocks present bearish risks, with potential selling pressure likely to suppress prices. Market conditions require close monitoring.
MarketWhisper5m ago
U.S.-Iran War Pause News Caught in Conflicting Reports! Bitcoin Surges Back to $70K, But Analysts Warn of Bull Trap
The United States announced a pause on military strikes against Iran, causing Bitcoin to briefly break through $70,000. Analysts warn that this rally could be a bull trap, predicting Bitcoin may retest $46,000. Market sentiment remains subdued due to geopolitical risks and persistent inflation. Trump faces challenges from Iran and dollar-denominated oil prices amid internal pressure.
CryptoCity7m ago
Trump "Pauses Strike on Iran" for 20 Minutes, Global Markets Surge 2.5 Trillion Dollars, BTC Surges to 71000, Liquidations of 659 Million Shake the Market
Bitcoin plummeted to a two-week low of $67,371 during the Asia session, then rapidly rebounded to $71,000 following Trump's announcement to suspend strikes against Iran, gaining 5.86%. This event triggered a $2.5 trillion increase in global market value. Meanwhile, Bitcoin liquidations reached $659 million, marking the largest scale in recent times. Market sentiment improved, the fear index rose, while miners continue to face losses pressure.
動區BlockTempo1h ago
Why Did Bitcoin Rise Today? Trump Delays Iran Attack by 5 Days, 160 Million Shorts Liquidated
Bitcoin rebounded to $71,000 following Trump's statement delaying strikes on Iran, erasing losses for the week. Easing market concerns drove a return flow to risk assets, resulting in over $160 million in forced short liquidations. Technical analysis shows the need to hold above $71,500 to confirm an uptrend. Future market direction remains influenced by geopolitical developments.
MarketWhisper1h ago
4 U.S. Economic Events That Could Shake Bitcoin This Week
Bitcoin hovers around $68,000 amid significant U.S. economic data expected to influence interest rate expectations and market risk appetite. Key indicators like PMI and unemployment claims could signal economic health, impacting Bitcoin's performance based on potential Fed policy adjustments.
TapChiBitcoin1h ago
