Gate News Bot news, on October 17, according to CoinMarketCap data, as of the time of writing, TRUMP (OFFICIAL TRUMP) is currently priced at $5.71, with a fall of 6.01% in the last 24 hours, reaching a high of $6.63 and a low of $5.28. The 24-hour volume has reached $429 million. The current market capitalization is approximately $1.142 billion, a decrease of $73.0104 million compared to yesterday.
TRUMP is a digital collectible designed to celebrate the courage and strength of President Trump. It is described as “the ultimate digital trading card for true patriots and Trump supporters.” The total supply of TRUMP tokens is 1 billion, which will be gradually released over 3 years. Of this, 80% is collectively owned by CIC Digital LLC and Fight Fight Fight LLC, affiliated companies of the Trump organization, and is subject to a 3-year unlocking plan. TRUMP tokens can be traded on the Solana and TRON blockchains.
Important news about TRUMP recently:
1️⃣ Trump's call with Putin triggers market fluctuations
U.S. President Trump had a lengthy phone conversation with Russian President Putin, during which they discussed important issues such as the Ukraine conflict. This call is seen as a potential opportunity to restart diplomatic negotiations, which could have a significant impact on the geopolitical landscape.
2️⃣ Newsmax has made a large-scale purchase of TRUMP tokens
Conservative media Newsmax has authorized up to $5 million for the purchase of Bitcoin and Trump Coin. This move indicates an increased institutional interest in the TRUMP token, which could boost market confidence.
3️⃣ The Trump administration extends the federal employee hiring freeze.
The White House announced an extension of the ban on hiring new federal employees, but allows the recruitment of political appointees and military personnel to continue. This policy may impact the job market and indirectly affect the sentiment of cryptocurrency investors.
From a technical perspective, the TRUMP token has recently exhibited a falling trend, with a 24-hour fall of over 6%. The current price is close to the short-term support level, and investors should closely monitor the support situation around $5.28. On the fundamental side, Trump's political activities and related news remain the main factors influencing the price of the TRUMP token.
This message is not an investment advice; investors should be aware of market volatility risks.
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