"$TRUMP Token Tanks to $13 After $300M Chinese Buy — Smart Move or Red Flag?"

The price of $TRUMP token slid 2.5% to $13 on May 14, following a surprising $300 million investment by a Chinese tech conglomerate reportedly connected to TikTok stakeholders. While some saw the move as a bullish sign, the market reacted cautiously, triggering a wave of profit-taking.

This mega-purchase represents roughly 11% of TRUMP’s market cap, raising red flags among investors concerned about foreign influence, centralized control, and geopolitical risks. With Trump-themed tokens already under political scrutiny, the timing couldn't be more controversial.

Despite the price dip, trading volume soared past 11 million, signaling intense market activity. Currently, $TRUMP is testing key support at $13.09, right at the mid-Bollinger Band level. Analysts suggest a bounce could push the price toward $15.85, but a breakdown could see it plunge to around $10.33.

Adding fuel to the fire, U.S. lawmakers are voicing concerns about the growing political entanglement of Trump-linked digital assets. With Congressional hearings set for June, regulatory uncertainty looms large—and more volatile price swings are expected.

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