Overview
- TRUMP traded at $6.79 as of Tuesday press time, up 9.1% in 24 hours and 16% on the week, after a surge to $8.17 on Oct. 27 with $2.2 billion in volume versus a $1.42 billion market cap.
- Crypto.news cites on-chain data showing whale holdings rising to 4.88 million tokens from 3.97 million last month as exchange balances fell to 129 million from 132 million.
- The outlet links buying to reports of a US–China trade framework to pause tariffs and address rare-earth and TikTok disputes, with a Trump–Xi meeting in South Korea reported as expected and not independently confirmed.
- Technical signals are mixed, with a cooling RSI near 52.97 and a bullish MACD crossover contrasted by price still below key moving averages and the risk of retracement toward $6.30–$6.00 or even $5.
- Coverage notes a divergence from broader market softness with Bitcoin near $114,215 and Ethereum around $4,100, while recent spot ETF approvals for Hedera, Solana, and Litecoin and anticipation of the Fed decision are cited as additional supports.