Chinese

$TRUMP Coin price tumbles to $13 following a $300M buy by a TikTok-linked Chinese firm, sparking profit-taking.


The official Trump token (TRUMP) fell 2.5% to $13 on Wednesday, May 14, after a surprising $300 million acquisition by a Chinese tech firm reportedly linked to TikTok.
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.
The official Trump token (TRUMP) fell 2.5% to $13 on Wednesday, May 14, after a surprising $300 million acquisition by a Chinese tech firm reportedly linked to TikTok.
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.
Trump Token Activity Intensifies Congressional Scrutiny
The $300 million purchase isn’t occurring in isolation. Earlier this week, the U.S. Senate moved to suspend the GENIUS Act, a bill proposing regulatory framework for stablecoins. The US Senate cited concerns over President Trump’s alleged conflict of interest through his reported affiliation with USD1, a dollar-pegged stablecoin backed in part by Trump-aligned entities.
The TRUMP token, though separate from USD1, is often viewed as symbolically and politically linked to Trump’s digital asset footprint.
The timing of the Chinese investment, combined with Trump Coin’s meteoric rise from meme status to a $2.7 billion market cap, has lawmakers sharpening their focus.
On Capitol Hill, some lawmakers argue that the line between political capital and financial capital is blurring dangerously.
Senate Banking Committee aides have privately confirmed that Trump-related tokens are now being considered in hearings scheduled for early June. With Trump’s crypto strategic reserve proposals still hanging in the balance, controversy surrounding foreign influence or financial impropriety tied to the President could become a major roadblock.
While Dubai-based investments helped the Trump Coin ecosystem push past a $2 billion market cap just last week, Wednesday’s price dip marks the first major retracement from its weekly time frame peaks of $15 recorded on Monday.
What’s Next?
Without swaying response from Trump’s camp, traders will likely remain alert to bearish insights from the anticipated congressional scrutiny. TRUMP token price could be at risk of further downswings in the days ahead.
Trump Coin’s market cap now is currently trending at $2.7 billion, investors are watching closely for clarity on both the token’s political affiliations and future foreign involvement. Meanwhile, the crypto industry awaits further word from U.S. lawmakers on whether regulation or restrictions tied to politically sensitive tokens could follow.
TRUMP Price Forecast Today: Market Indecision Persists Near $13 as Traders Await Breakout Direction
Trump Coin price traded at $13.26 at press time, down 3.7% on the day, as markets digested the aftershocks of Tuesday’s surprise $300 million accumulation by a Chinese firm.
While such a move might typically inspire bullish momentum, Wednesday’s price action signals hesitation, with intraday volatility fading into a narrow trading range. TRUMP price now fluctuates around the middle Bollinger Band at $13.09, a key technical support level that has repeatedly attracted both buyers and sellers throughout May.

Volume remains elevated at 11.65 million, but the lack of directional follow-through signals market indecision.
The Parabolic SAR continues to print above price at $15.23, keeping near-term momentum biased downward. However, the Bull bear power (BBP) reading at 0.97 als confirms neutral conditions, long wicks on both ends of the days candles suggesting an ongoing tug-of-war between bulls and bears.
Should TRUMP hold above the $13.00 psychological handle, the setup for a potential recovery toward the upper Bollinger Band at $15.85 remains intact.
Yet, the absence of follow-through buying despite elevated volumes raises questions about conviction.
Conversely, failure to maintain $13.00 support risks opening a path to the lower Bollinger Band near $10.33 — a level last tested during the early stages of the April rally.

#TRUMP #CryptoRegulation #TrumpTariffs #Chinese #china

The world of Chinese crypto traders is bursting with unique slang that reimagines familiar terms in creative ways. These expressions reveal a cultural lens blending vivid imagery with practical trading wisdom, offering a fascinating glimpse into the nuances of their community.

One of the most intriguing phrases is “cow season” (“牛季节”), which Chinese traders use to describe a bull market. The term “cow” feels less aggressive than a “bull,” evoking steadiness and resilience instead of raw power. This subtle shift reflects a different cultural metaphor, where gradual growth is celebrated over sudden spikes.
“Shitcoins” in the Western crypto world find their Chinese equivalent as “counterfeit coins” (“假币”). The term is less vulgar but carries the same dismissive tone, pointing to cryptocurrencies perceived as worthless or scams. Traders often warn each other about these “fake” coins, emphasizing vigilance in a volatile market.
Another colorful term is “big crocodiles” (“大鳃鱼”), which refers to market manipulators with enormous financial power. While Western traders might call them “whales,” the imagery of a crocodile—a patient predator lurking beneath the surface—adds an air of danger and cunning. Interestingly, the term “dog dealers” (“狗商”) is sometimes used interchangeably with “big crocodiles,” suggesting the same mix of awe and suspicion for those who dominate the market with sharp maneuvers.
For new traders, the term “new onions” (“新葱”) is used. The phrase, much like the English “greenhorn,” emphasizes inexperience, likening novices to layers that must be peeled away to reveal deeper knowledge. It’s both a playful jab and an encouragement for growth within the community.
Another striking phrase is “fish pond” (“鱼塘”), a term used to describe a small-scale crypto exchange or market where larger players can easily dominate. The idea of a confined pond teeming with fish captures the risk of being preyed upon by “crocodiles.”
Chinese traders also use “air coins” (“空气币”) to describe cryptocurrencies that have no substantial backing or use case. These coins, much like “air” itself, are seen as insubstantial and prone to vanishing.
A lesser-known but equally fascinating term is “candlestick monkeys” (“熔光猴”), which refers to traders who rely excessively on analyzing candlestick charts without considering broader market trends. The phrase suggests a playful critique of overly technical approaches to trading.
Finally, there’s “chives” (“韭菜”), a term for retail investors who repeatedly fall victim to market manipulation. The imagery comes from how chives are cut down, only to grow back again. It’s a wry commentary on the cycle of exploitation that small investors often face, symbolizing persistence despite adversity.
These terms, while amusing on the surface, reflect the challenges and dynamics of the crypto market. They highlight the importance of caution, experience, and a sense of humor in navigating an unpredictable environment. Beyond their literal meanings, these expressions create a shared language that strengthens community bonds, even in the fast-paced world of digital trading. 🌿

#Chinese