$Trump Token – 4 hour chart — shows that the token is currently near $27, which was its launch price on Binance one week ago.
Binance is the world’s number#1 crypto exchange, and Trump token has been the most searched token on Binance for more than a week. Therefore, we can safely say that people worldwide have bought Trump token in the last 8 days, since 20th January.
The token is clearly testing support levels, and its an interesting buy at $27 for target $47, which was the closing price of week1 and opening price of week2.
Higher upside till $77 is visible on the monthly chart.
Trump Token – Monthly Chart
$Trump token is on Solana blockchain, so Solana token has also gained from the launch of Trump token.
The UK government is contemplating the sale of approximately £5 billion worth of Bitcoin, seized from criminal activities, to mitigate a £22 billion public finance shortfall. The cryptocurrency was confiscated from Jian Wen, who was involved in laundering proceeds from a £7 billion fraud scheme. Initially valued at £1.4 billion, the seized Bitcoin’s worth has now risen to around £5.2 billion. Former Conservative Chancellor Lord Lamont advocates for the immediate sale of these assets to support government finances and avoid legitimizing crypto holdings. The Crown Prosecution Service is seeking High Court permission to allocate the funds to the Treasury.
Former U.S. President Donald Trump has launched a cryptocurrency asset called $TRUMP, which surged to a valuation of $58 billion by his inauguration day. Critics label it a speculative token lacking the functionality of established cryptocurrencies like Bitcoin or Ethereum, raising concerns about potential pump-and-dump schemes. Trump’s pro-crypto stance contrasts with the UK’s cautious regulatory approach, leading industry leaders to predict that the U.S. may surpass the UK as the prime location for crypto ventures due to more favorable policies.
