🔥 Market Performance & Technical Analysis
Currently, $TRUMP
UMP is trading around $10.42, marking a 7.6% increase over the past 24 hours. The coin experienced a brief surge to $10.96 before stabilizing. Analysts have identified a support zone between $10.00 and $10.12, indicating active buying interest and potential for further movement.
Technical indicators suggest a possible bullish breakout, with patterns like "Code 144" hinting at a target price of $100.
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🏛️ Political Endorsements & Family Involvement
President Donald Trump has publicly endorsed $TRUMP, referring to it as a reflection of public opinion. This endorsement led to an 11% price increase.
Eric Trump announced that World Liberty Financial (WLF), a Trump family-backed crypto venture, plans to acquire a substantial amount of $TRUMP tokens for its long-term treasury.
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⚖️ Legal Disputes & Brand Control
A dispute has arisen over the legitimacy of a new cryptocurrency wallet branded as the "official $TRUMP wallet by President Trump." Eric Trump and Donald Trump Jr. have denied authorizing this project and are considering legal action for unauthorized use of the Trump name.
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💰 Financial Impact & Revenue Streams
Trump's ventures into cryptocurrency have reportedly generated significant revenue:
Token Sales: Approximately $390 million from platform tokens linked to his brand.
Meme Coin Holdings: Around $315 million from Trump and other meme coins.
Stablecoin Holdings: Up to $60 million in USD1 stablecoins.
These ventures have collectively contributed to an estimated $1.2 billion in revenue, with post-tax profits reaching approximately $935 million.