TL;DR
- The Official Trump token rose 19% in 24 hours and is trading at $8.21, leading gains in the crypto market.
- The surge is driven by several factors: whale buying, reduced exchange supply, and expectations of ETFs linked to the President.
- The token broke resistance levels and is approaching the upper edge of a descending wedge; analysts anticipate a potential rally toward $13–$19.
The Official Trump token gained 19% in the past 24 hours and trades at $8.21, positioning itself as the top-performing cryptocurrency of the last session.
Its rise was fueled by a combination of whale accumulation, lower exchange supply, and expectations for new investment vehicles connected to the U.S. President.
On-chain data shows strong whale accumulation in recent weeks. Large investors increased their holdings from 3.97 million to 4.88 million tokens, signaling growing confidence in the asset. At the same time, TRUMP balances on exchanges declined, indicating lower selling pressure and a preference to keep tokens off the trading circuit. This pattern often precedes short-term price increases.
The jump is also linked to the President’s actions. The recent attempt to list a Bitcoin ETF tied to the Truth Social platform on the New York Stock Exchange alerted investors to a potential future connection between regulated financial products and Trump-associated assets.
Is a New TRUMP Rally Coming?
Another key factor was the announcement from World Liberty Financial, which will integrate its USD1 stablecoin on the Enso blockchain, a network associated with projects aligned with the Trump ecosystem. The token’s connections are increasingly linking with multiple crypto ecosystems, enhancing both visibility and utility.
From a technical perspective, TRUMP has broken resistance levels and is approaching the upper edge of a descending wedge, a pattern that often signals a trend reversal. If the price holds support above $8, analysts expect a potential rally extension that could take it toward $13 or even $19 in the coming months.
