Overview
- After weeks near $6, TRUMP spiked to an intraday high of $8.17 on Oct. 27 and was last reported around $6.79 on Oct. 28, up 9.1% over 24 hours.
- Reported 24‑hour volume reached $2.2 billion versus a roughly $1.42 billion market cap, underscoring unusually intense activity.
- On‑chain data cited in the coverage show whale holdings rising to 4.88 million tokens from 3.97 million last month as exchange balances fell to 129 million from 132 million.
- Coverage links the move to optimism around U.S.–China trade progress, expectations for a Fed rate cut, and a Reuters estimate that Trump‑linked crypto ventures generated $802 million in the first half of 2025.
- Analysts point to support near $6.50 and $6.30 with potential retests of $7–$8 if those levels hold, while noting the risk of a swift reversal in this high‑volatility token.