$TRUMP
🚨Trump Coin Tumbles 2.5% as $300M Purchase From TikTok-Linked Chinese Firm Triggers Profit-Taking 🚨
TRUMP token investors reacted defensively on Wednesday following a major acquisition that sent shockwaves through the digital asset market.
The 2.5% TRUMP price intraday dip comes after Spencer Hakimian posted a CNN clip suggesting that a relatively obscure Chinese tech company, reportedly owned by stakeholders in TikTok, had purchased $300 million worth of Trump Coin.
While some investors initially viewed the buy as validation of Trump Coin’s relevance, broader sentiment quickly turned defensive.
Market participants cited geopolitical sensitivities, potential regulatory blowback, and opportunistic selling after recent gains as reasons for the price decline.
The scale of the purchase, nearly 11% of Trump Coin’s total market cap at the time—prompted major holders to begin offloading tokens amid growing uncertainty about the buyer’s intentions.
Traders also cited fears that such a large, centralized acquisition could distort the memecoin’s decentralized market dynamics.