TRUMP (Official Trump) up 15.34% in the last 24 hours

Gate News Bot Report: As of November 6th, according to CoinMarketCap data, TRUMP (OFFICIAL TRUMP) is currently priced at $8.12, up 15.34% over the past 24 hours. The price reached a high of $8.42 and dipped to a low of $6.84 during this period. The 24-hour trading volume stands at $1.097 billion. The current market capitalization is approximately $1.624 billion, representing a $216 million increase from yesterday.

OFFICIAL TRUMP (TRUMP) is the only official Trump meme token. It aims to celebrate Trump’s courage and strength, serving as the ultimate digital collectible for patriots and Trump fans. The token captures historic moments of Trump’s victory spirit, promoting a culture of success and optimism to make the world a better place. TRUMP tokens are tradable on the Solana and TRON blockchains.

Recent important news about TRUMP:

1️⃣ Trump Active in Politics, Engaging in International Affairs
Trump has been actively participating on the international political stage, meeting and dialoguing with leaders from multiple countries. He held talks with the President of Brazil regarding tariff policies and indicated potential arrangements related to Federal Reserve decisions by the end of the year. These actions suggest Trump is preparing for a possible return to politics, boosting market confidence in the TRUMP token.

2️⃣ Government Shutdown Crisis Intensifies Political Uncertainty
Trump has pushed the “nuclear option” to break the nearly month-long government shutdown deadlock, but top Republicans remain firmly opposed. The shutdown has resulted in approximately 750,000 federal employees on unpaid leave. The Congressional Budget Office estimates that if it continues, it could drag down U.S. Q4 GDP by up to 2%. This political stalemate has increased market volatility expectations for the TRUMP token.

3️⃣ Trump Family’s Crypto Business Revenue Surges
The Trump Organization’s revenue in the first half of the year skyrocketed from $51 million last year to $864 million, a 17-fold increase. Over $802 million (more than 90%) of this came from Trump’s cryptocurrency projects, including the sale of World Liberty Financial (WLFI) tokens and TRUMP tokens. This significant growth reflects the Trump family’s successful expansion into the crypto space, positively impacting the TRUMP token.

From a technical perspective, the TRUMP token price has broken through previous resistance levels, with high trading volume indicating strong short-term buying momentum. However, given the political uncertainties, investors should remain cautious and closely monitor market developments.

Please note: This information is not investment advice. Invest at your own risk considering market volatility.