$TRUMP

🚨 Justin Sun’s Involvement TRUMP COIN 🚨

Adding fuel to the recent price surge is billionaire crypto investor Justin Sun’s public confirmation that he holds the largest position in TRUMP tokens. On May 20, Sun, who founded Tron and serves as a crypto adviser to Trump, announced via social media that he would attend Thursday’s dinner.

Blockchain records verify Sun’s substantial stake, showing his wallet controls over $21 million worth of TRUMP tokens. His public endorsement and participation in the leaderboard race are viewed as confidence boosters for smaller investors.

Spot market data shows a shift in trading patterns, with Exchange Netflow decreasing substantially. Traders have purchased $5.84 million worth of TRUMP from the market, following the previous day’s sell-off of $11.80 million. This suggests that while profit-taking temporarily dominated, the overall market stance remains bullish.

From a technical analysis perspective, TRUMP has broken out of its recent trading range and displays bullish signals. The token has bounced off its 20-day exponential moving average (EMA) at approximately $12.99, using that level as dynamic support.

The Directional Movement Index on the daily chart shows the positive directional index clearly above the negative index, with the gap widening. Technical analysts typically interpret this pattern as indicating stronger bullish than bearish momentum.

Market confidence in TRUMP has reached new heights, with 73.64% of investors now expecting a continued price rally, up from 64.71% just 24 hours earlier.

President Trump’s affiliates, through CIC Digital LLC and Fight Fight Fight LLC, control 80% of the token supply, highlighting how tightly the project is managed by Trump’s circle.

If the current momentum holds, technical analysts suggest TRUMP could target the $19 level, while a reversal below the $12.99 EMA would negate the short-term uptrend.

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