๐ฅ Trumpโs $2.5B Bitcoin Treasury Shakes Up Meme Coin Markets โ Is TRUMP Token Ready for Takeoff? ๐
The Official $TRUMP
meme coin (TRUMP) is holding steady, finding support at the 50-day EMA โ despite trading sideways at $2.85 after last weekโs rejection near $16.00. That dip followed negative reactions to an exclusive dinner event for top TRUMP holders with President Donald Trump on May 22.
But hereโs the biggest headline:
Trump Media & Technology Group just dropped a bombshell โ a $2.5 billion plan to build a Bitcoin treasury! ๐ฃ๐ฐ
Letโs break down the details:
๐ต $1.5 billion raised via ordinary stock sales
๐ฆ $1 billion secured through convertible senior secured notes
๐ Totaling a $2.5 billion private placement deal, closing by May 29
And the bold strategy? Trump Media plans to hold Bitcoin as a key part of its assets. ๐ช๐ฆ
CEO Devin Nunes stated:
> โWe view Bitcoin as an apex instrument of financial freedom, and now Trump Media will hold cryptocurrency as a crucial part of our assets. This is a bold step in transforming the company into a holding company with profitable, America First-aligned businesses.โ ๐บ๐ธ๐ฆ
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Whatโs next for TRUMP token?
While the price hasnโt moved much yet, a small 1% daily gain could signal that momentum is quietly building. ๐
Key levels to watch:
๐น 50-day EMA support near $12.60
๐น Green demand zone around $10.00
๐น Buyer congestion area between $8.90 and $7.15
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Final thought:
This Bitcoin treasury move could be the spark that ignites the next leg for TRUMP. Keep your eyes on the charts โ the next rally could happen faster than you think! ๐๐ฅ
