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2️⃣ Large TRUMP tokens withdrawn from centralized exchanges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
Bitwise Strategist: XRP Shifting From Crypto Bet to Fintech Infrastructure as Institutions Increase Allocations
Gate News message, April 23 — Juan Leon, Senior Investment Strategist at Bitwise, argued this week that institutional and high-net-worth portfolios are moving beyond minimal crypto exposure toward more substantial allocations. Traditionally capped between 1% and 5%, these portfolios could
GateNews32m ago
3 Altcoins That Could Hit New All-Time Highs Soon
KITE nears resistance, with potential breakout toward $0.270 if buying pressure continues.
RAIN holds bullish structure, targeting $0.0113 after breaking above key $0.0110 level.
STABLE rallies strongly, eyeing $0.0368 if momentum sustains above current accumulation zone.
Some
CryptoNewsLand54m ago
Bitcoin Falls to $78,326 After Trump Issues Military Warning Over Iran Strait
Gate News message, April 24 — Bitcoin retreated to approximately $78,326 on Thursday after U.S. President Donald Trump issued a military warning to Iran, stating he had ordered the U.S. Navy to "shoot and kill" any Iranian vessels placing mines in the Strait of Hormuz. The pullback followed a rally
GateNews1h ago
Tether Freezes $344M in Tron Whale Wallets Coordinated with OFAC; Tron Active Addresses Drop 21%
Gate News message, April 23 — Tether froze two large wallets on the Tron blockchain holding a combined $344 million in USDT on Wednesday morning, in coordination with the U.S. Treasury's Office of Foreign Assets Control (OFAC) and U.S. law enforcement. The two addresses held approximately $131.3 mil
GateNews3h ago
XRP Trading Volume Surges Across Major Exchanges, Signaling Renewed Market Interest
Gate News message, April 23 — XRP trading volume has spiked across major exchanges, with leading platforms recording significant activity. According to market data, trading volumes reached approximately $25 million in total across top exchanges, indicating broad-based participation rather than
GateNews5h ago
