TRUMP Token Drops 3.26% Amid ETF News, $32.8M Transfer, and Election-Driven Volatility

TRUMPUSDT has experienced a 3.26% price decline over the past 24 hours on Binance, with the current price at $8.91 (24h open: $9.21). This recent price movement is primarily attributed to ongoing volatility driven by heightened political news flow, including the NYSE filing for a Trump Media Bitcoin-Ethereum ETF and continued speculation around the $TRUMP memecoin. Significant token transfers, such as the $32.8 million TRUMP sent to Binance on June 24, have also contributed to increased trading activity and price fluctuations. The token remains highly sensitive to U.S. election headlines, social media sentiment, and large-scale wallet movements, resulting in strong liquidity and sharp price swings. Trading volume remains robust, with TRUMP maintaining a market capitalization near $2 billion and ranking among the top 50 cryptocurrencies by market cap.