📉 Trump Coin Dips to $13 After $300M Chinese Investment — Market Reacts with Caution
The $TRUMP token slipped 2.5% to $13 on May 14 following a $300M investment by a Chinese tech firm allegedly connected to TikTok stakeholders. While the move initially sparked optimism, it soon triggered profit-taking as investors weighed the broader implications.
🔍 Key Concerns:
The purchase represents ~11% of $TRUMP 's market cap, raising fears of centralized influence in a decentralized ecosystem.
The geopolitical angle has heightened anxiety amid increasing political scrutiny of Trump-related digital assets.
Lawmakers in the U.S. have flagged this as a potential national security and foreign influence issue.
📊 Market Update:
Volume: Surged past 11 million
Price Range: Trading sideways, testing support at $13.09 (mid-Bollinger Band)
📈 If support holds: Next resistance at $15.85
📉 If it breaks: Downside risk toward $10.33
🇺🇸 With congressional hearings set for June, investors remain cautious as regulatory and political clouds gather.
🧠 Stay alert. The next moves in this politically charged token could be swift.
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