TRUMP Token Drops 10.55% Amid Market Sell-Off, Wallet Freeze, and Trump Family Clarifications

TRUMPUSDT experienced a significant price decline of 10.55% over the last 24 hours, with the current price at $9.67 on Binance, down from a 24h open of $10.81. The primary driver of this downturn appears to be broad negative sentiment across cryptocurrency markets following the public feud between Donald Trump and Elon Musk, which led to notable outflows from Bitcoin ETFs and a wider market sell-off. Additional volatility was observed after the official X account linked to the TRUMP Wallet was frozen, and statements from Donald Trump Jr. and Eric Trump clarified that the Trump Organization is not connected to the wallet, introducing further uncertainty. Trading volume for TRUMPUSDT remains elevated, reflecting increased activity and attention, while technical indicators suggest a neutral-to-bearish outlook unless a new catalyst emerges.