TRUMP (OFFICIAL TRUMP) fell 6.97% in 24 hours

Gate News Bot news, on October 31, according to CoinMarketCap data, as of the time of writing, TRUMP (OFFICIAL TRUMP) is currently priced at $7.86, falling by 6.97% in the last 24 hours, with a high of $8.64 and a low of $5.85. The 24-hour volume reached $1.849 billion. The current market capitalization is approximately $1.572 billion, a decrease of $118 million compared to yesterday.

TRUMP is the only official Trump commemorative coin, aimed at celebrating President Trump's courage and strength. It is the ultimate digital collectible for true patriots and Trump supporters, capturing historic moments of the Trump spirit. The total supply of TRUMP tokens is 1 billion, which will be gradually released over 3 years. 80% of Trump Cards are jointly owned by the Trump Organization's subsidiaries CIC Digital LLC and Fight Fight Fight LLC, subject to a 3-year unlocking plan.

Important news about TRUMP recently:

1️⃣ Trump family crypto business revenue significantly increases In the first half of this year, the Trump Organization's revenue soared to $864 million from $51 million in the same period last year, an increase of 17 times. Of this, $802 million (over 90%) came from Trump's cryptocurrency projects, including the sales of World Liberty Financial (WLFI) tokens and TRUMP tokens. This significant growth reflects the Trump family's successful positioning in the cryptocurrency space, which has had a positive impact on TRUMP tokens.

2️⃣ Trump Media & Technology Group Expands Prediction Market Business The Trump Media Technology Group announced that its prediction market service will soon undergo Beta testing on Truth Social, with plans to fully launch in the U.S. market afterwards. The group also stated that it will roll out the service globally after meeting necessary requirements. This initiative shows that Trump-related enterprises are actively expanding their business scope, which is expected to bring more application scenarios and value to the TRU token.

3️⃣ Trump is active on the international political stage, boosting market confidence Former U.S. President Trump has recently been frequently appearing on the international political stage, meeting and dialoguing with leaders from multiple countries. He had a “good meeting” with Brazilian President Lula, discussing the tariff policies of both countries. Trump also indicated that he might make arrangements regarding decisions related to the Federal Reserve by the end of the year, showing that he is preparing for a possible return to the political arena. These moves have boosted market confidence in the TRUMP token.

From a technical perspective, the price of the TRUMP token has broken through previous resistance levels, and the 24-hour volume has significantly increased, indicating strong buying pressure in the short term. However, considering the uncertainty of political factors, investors need to closely monitor market changes and proceed with caution.

This message is not to be taken as investment advice; investors should be aware of market volatility risks.