Gate News Bot Message, November 12th, according to CoinMarketCap data, TRUMP (OFFICIAL TRUMP) is currently priced at $7.68, down 9.36% in the past 24 hours. The highest price reached $9.50, and the lowest dropped to $7.31. The 24-hour trading volume is $728 million. The current market capitalization is approximately $1.537 billion, a decrease of about $159 million from yesterday. TRUMP is currently ranked 54th in the cryptocurrency market cap list.
Recent important news about TRUMP:
1️⃣ Trump Media & Technology Group reports large crypto investments
The third-quarter financial report shows the company holds 11,542 Bitcoin, valued at about $1.3 billion. Additionally, the company achieved $15.3 million in profit through Bitcoin options investments and holds over 746 million Cronos, with an unrealized gain of $33 million. This large-scale crypto investment strategy demonstrates the company’s confidence in digital assets, positively impacting the TRUMP token.
2️⃣ Large TRUMP tokens withdrawn from centralized exchanges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’s price.
3️⃣ Trump actively involved in government shutdown resolution
Trump has repeatedly called for an end to the government shutdown, stating, “It looks like we are very close to ending the government shutdown.” The U.S. House of Representatives is expected to vote this Wednesday on a bill to end the shutdown. Trump’s active presence on the political stage has boosted market confidence in the TRUMP token.
From a technical perspective, TRUMP’s price has recently experienced a correction, but the 24-hour trading volume remains high, indicating strong market activity. 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
XRP Signals Breakout as Accumulation and Activity Surge
XRP shows signs of accumulation with stabilizing prices and increasing long positions. Despite recent declines, trading volume remains high, indicating active buying. Institutional interest and expanding use in payments bolster market confidence, suggesting potential upward movement.
CryptoBreaking4m ago
Dogecoin Holds Key Support as 23% YTD Drop Deepens
Key Insights:
Dogecoin has declined over 23% year to date, with broader macroeconomic pressure and weak crypto sentiment driving sustained selling across major digital assets.
The $0.07 to $0.08 range remains a historically strong support zone, previously triggering sharp recoveries and
CryptoNewsLand6m ago
Shiba Inu Holds Range While Rising Reserves Signal Growing Sell Pressure
Shiba Inu's massive -1,813% spot flow change reflects low baseline distortion rather than actual capital flight, with exchange reserves increasing and modest market activity, indicating steady sell-side pressure but limited momentum.
CryptoFrontNews6m ago
Schiff Warns Strategy Ad May Trigger Lawsuits over Bitcoin Risks
Schiff Flags Legal Risks in STRC Promotion
Peter Schiff criticized Strategy’s recent advertisement and questioned its portrayal of financial outcomes linked to STRC stock. He argued that the campaign presents an overly optimistic lifestyle narrative tied to investment performance, and that such mes
CryptoBreaking11m ago
XRP Price Compresses Near $1.40 as Traders Brace for Breakout
Key Insights
XRP trades within a tightening triangle, with resistance at $1.40 and support near $1.30 shaping a decisive breakout setup expected in early April.
Rising derivatives volume and open interest indicate fresh positioning, while liquidation data highlights repeated failed breakout
CryptoNewsLand23m ago
PEPE Signals Range-Bound Move as Momentum Weakens
PEPE's trading remains cautious with neutral RSI and weak MACD, indicating limited momentum and ongoing selling pressure. Oversold stochastic hints at possible short-term rebounds, but traders await confirmation before entering positions amid mixed signals.
CryptoNewsLand27m ago
