Gate News Bot Message, November 10th, according to CoinMarketCap data, as of press time, TRUMP (OFFICIAL TRUMP) is priced at $8.13, up 8.59% in the past 24 hours, with a high of $8.36 and a low of $6.84. The 24-hour trading volume reached $678 million. The current market capitalization is approximately $1.626 billion, an increase of $129 million from yesterday. TRUMP currently ranks 52nd in the cryptocurrency market cap list.
Recent important news about TRUMP:
1️⃣ Trump Media & Technology Group reports large Bitcoin investment
Trump Media & Technology Group announced its Q3 financial report, showing Bitcoin holdings of $1.3 billion, with 11,542 BTC. 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 attracted market attention and positively impacted the TRUMP token.
2️⃣ Large TRUMP tokens withdrawn from centralized exchanges
On-chain data shows a new wallet withdrew a significant amount of TRUMP tokens from a centralized exchange in a short period. Specifically, this wallet withdrew 3 million TRUMP tokens worth approximately $23.24 million 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 active in politics, frequently engaging in international affairs
Recently, Trump has been active on the international political stage, meeting and dialoguing with leaders from multiple countries. He has expressed opinions on major issues such as the Russia-Ukraine conflict and government shutdowns, and indicated interest in further meetings with Russian President Putin. These political developments demonstrate Trump’s continued influence and indirectly draw attention to the TRUMP token.
From a technical perspective, the TRUMP token price has broken through previous resistance levels, with 24-hour trading volume remaining high, 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
'How Did You Manage That?': Peter Schiff Trolls Michael Saylor Over 4.5% Bitcoin Loss and $44 Billion Plans - U.Today
Michael Saylor continues to invest heavily in Bitcoin, purchasing $76.6 million worth despite facing criticism from Peter Schiff about recent losses. Saylor aims to acquire one million BTC, supported by a new $44.1 billion funding plan, while Schiff highlights the ongoing portfolio drawdown.
UToday40m ago
Cardano (ADA) Price Reclaims $0.26 as Volume Rockets 60% - U.Today
Cardano (ADA) has recovered to $0.26, up 3% with a 60% increase in trading volume. While analysts caution it remains range-bound, historical data suggests a potential bullish close in March, driven by market trends and DeFi growth.
UToday58m ago
Aster (ASTER) Price Breakout Fails After 35-Day Consolidation – What Happens Next?
The ASTER price has been consolidating for over a month, fluctuating without significant movement. A failed breakout led to a loss of key support at $0.68, indicating a bearish trend. The focus now is on whether it can recover above $0.68 to regain stability.
CaptainAltcoin1h ago
Bitcoin Decouples From S&P 500 as Retail Demand Weakens
Bitcoin retail activity has decreased by 10%, the lowest since January 2025, indicating weaker market participation. The advent of ETFs has shifted retail access off-chain, while Bitcoin has diverged from the S&P 500, marking its longest decoupling since 2020 amid a correction phase.
CryptoFrontNews1h ago
Bitcoin Is Experiencing Its Longest Decoupling From the S&P 500 Since 2020
Bitcoin's recent price movements have diverged from U.S. equities, marking the longest decoupling since 2020. Following significant liquidation, Bitcoin's decline contrasts with a more stable S&P 500, highlighting crypto's unique challenges amid broader market stress.
BlockChainReporter2h ago
Scaramucci says BTC's 4-year cycle still in play, forecasts rise in Q4
The current Bitcoin (BTC) bear market can be explained by the four-year cycle and long-term BTC holders selling at the $100,000 psychological level, according to Anthony Scaramucci, managing partner of the SkyBridge investment firm.
Bitcoin’s four-year market cycle has been “muted” by
Cointelegraph3h ago
