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2️⃣ Large TRUMP tokens withdrawn from centralized exchanges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
Willy Woo: Poor Performance of Crypto Market Traceable to FTX Liquidation Mechanism, Continued Popularity of Cash-and-Carry Arbitrage Strategy Keeps Releasing Selling Pressure
Crypto analyst Willy Woo指出，当前市场情绪低迷主要由于FTX破产后锁仓代币折价交易及期货对冲机制的影响。这导致普通投资者难以获得超额收益，建议关注比特币等核心资产。
BlockBeatNews4m ago
Stagflation 2.0 Signal Exposed: Gold and Oil Divergence, Bitcoin Converges Toward Digital Gold
Recently, Brent crude oil prices have declined while gold continues to rise, displaying stagflationary market characteristics. Bitcoin's price movement has gradually decoupled from oil and shifted toward tracking gold, reflecting institutional investors' view of it as a hedge asset. The Federal Reserve's high interest rate policy has intensified market concerns about inflation and economic growth slowdown. This phenomenon is historically closely associated with major macroeconomic shifts.
MarketWhisper4m ago
XRP Today News: Ripple stablecoin enters Singapore sandbox, maintaining $1.42 as a key support level
Ripple is testing its RLUSD stablecoin in the Monetary Authority of Singapore's regulatory sandbox, aiming to leverage blockchain technology to automate trade finance payment processes to reduce costs and enhance efficiency. This pilot will enable auto-triggered payments without manual approval, increasing transaction transparency. XRP is currently trading in the range of $1.41 to $1.42, with analysts bullish on its long-term value potential.
MarketWhisper24m ago
Bitcoin rebounds to 72,000 USD maintaining volatility, Middle East tensions cool with "liquidations at only 152 million", but sentiment remains extremely panicked
Bitcoin recently rebounded from $68,000 to $71,674, primarily driven by improved sentiment from cooling US-Iran negotiations and oil prices breaking below $100, which boosted market recovery. Although approximately $52 million in liquidations occurred in the past 24 hours with long positions accounting for 72%, market assessment indicates healthy bottom formation. However, the Fear and Greed Index remains in the extreme fear zone, reflecting depressed investor sentiment and serious fund-watching conditions. The market needs to monitor progress in US-Iran negotiations and whether the market can break through resistance levels.
動區BlockTempo1h ago
SUPER Price Soars 18.15%: Whales Are Accumulating
SUPER's price surged 18.15% to $0.1354 amid increased whale activity and trading volume, reflecting a 24-hour gain of 22.76%. Analysts link the rise to bullish sentiment as large wallets accumulate the token. Traders are monitoring key resistance levels for future movements.
Coinfomania1h ago
Why is Bitcoin Rising Today? Trump Says US and Iran Enter Negotiations, Iran Issues Strait of Hormuz Transit Statement
Bitcoin rebounded to $71,000 today, primarily driven by news of US-Iran negotiations, Iran's allowance of non-hostile vessels to pass through, and the Federal Reserve maintaining interest rates unchanged. Improved market sentiment has prompted safe-haven funds to flow into risk assets. Additionally, gold has encountered historic lows, with capital rotating toward Bitcoin, pushing their ratio up approximately 30%.
MarketWhisper1h ago
