TRUMP (OFFICIAL TRUMP) has fallen 6.63% in the last 24 hours.

Gate News Bot news, on November 4th, according to CoinMarketCap data, as of the time of writing, TRUMP (OFFICIAL TRUMP) is currently priced at $7.29, falling 6.63% in the last 24 hours, with a high of $8.64 and a low of $6.73. The 24-hour volume reached $1.21 billion. The current market capitalization is approximately $1.458 billion, a decrease of $103 million compared to yesterday.

TRUMP is the only official Trump meme token, designed to celebrate the courage and strength of President Trump. The token was released on July 13, 2024, to commemorate President Trump's leadership in the face of challenges. The total supply of TRUMP tokens is 1 billion and will be gradually released over 3 years. Holders can express their support for Trump's ideals through this digital collectible.

Important news about TRUMP recently:

1️⃣ Trump frequently reenters the political arena

Trump has recently been active on the international political stage, meeting and engaging in dialogue with leaders from multiple countries. He had a “good meeting” with Brazilian President Lula regarding the tariff policies of both countries and indicated that arrangements might be made by the end of the year concerning decisions related to the Federal Reserve. These actions show that Trump is preparing for a potential return to the political arena, boosting market confidence in the TRUMP token.

2️⃣ Trump's family crypto business revenue has increased significantly.

The Trump Organization's revenue soared from $51 million in the same period last year to $864 million in the first half of this year, a growth of 17 times. Of this, $802 million (over 90%) came from Trump's cryptocurrency projects, including the sale of World Liberty Financial (WLFI) tokens and TRUMP tokens. This significant growth reflects the Trump family's successful positioning in the crypto space, positively impacting the TRUMP token.

3️⃣ The government shutdown crisis exacerbates political uncertainty

Trump is pushing for the “nuclear option” to break the nearly month-long government shutdown stalemate, but senior Republicans remain firmly opposed. The shutdown has caused approximately 750,000 federal employees to be furloughed without pay, and the Congressional Budget Office estimates that if the shutdown continues, it could drag down the U.S. GDP by as much as 2% in the fourth quarter. This political deadlock has heightened market volatility expectations for the TRU token.

From a technical perspective, after the TRUMP token price broke through the previous resistance level, it experienced a pullback, and the 24-hour volume remains at a high level, indicating that market attention is still high. However, considering the uncertainty of political factors, investors still need to closely monitor market changes and operate cautiously.

This message is not to be considered as investment advice, and investors should be aware of market volatility risks.