$TRUMP
🚨 Trump Coin Halts at $13 Facing Mixed Market Signals This Week 🚨
Trump Coin (TRUMP) has plunged below the $13 support level on Friday, May 16, following a volatile week defined by mixed market narratives.
Zooming out the token is now posting losses of 11.2% over 7 days, and 1.4% on the 14-day chart, despite trading as high as $13.05 during intra-day peaks.
The broader crypto landscape added friction. Bitcoin continues to consolidate above $100,000, signaling macro bullishness.
Meanwhile, XRP price also came under pressure after US District Judge Analisa Torres upheld a $125 million penalty related to the ongoing enforcement saga.
Solana also faced bearish momentum as impending $5 billion payouts from FTX rattled investor confidence, prompting over 1.4 million SOL staking withdrawals over the past week.
Early in the week, Trump Coin also faced sell pressure after reports confirmed a Chinese institutional buyer acquired $300 million worth of TRUMP. The deal, while monumental in scope, spooked retail investors who feared market manipulation or impending regulatory scrutiny.
Yet, Trump Coin has gained unprecedented levels of social media traction this week, due to U.S. President Donald Trump’s diplomatic tour of the Middle East.