$TRUMP Trump Coin, also known as $TRUMP , is a cryptocurrency that was recently launched by President-elect Donald Trump. It's a Solana-based cryptocurrency that has gained significant attention and investment in a short period. The coin's market capitalization crossed $14 billion on its second day, with a trading volume of over $18 billion ¹.
The Trump Coin is touted as a symbol of support for Trump's ideals and a celebration of his White House comeback. However, its launch has been met with skepticism, with some experts warning about the risks of market manipulation and the highly centralized distribution of the coin, with 80% of tokens held by companies tied to the Trump Organization ².
Despite these concerns, the Trump Coin has seen a meteoric rise, with its value increasing by over 230% in the 24 hours following its launch. It's currently trading at around $69, with a market capitalization of over $13 billion ².
$BNB /USDT is consolidating near a key resistance zone at $700.00. A breakout above this level with strong volume could trigger further upside toward $712.00 and higher. Support at $685.00 indicates buyer interest.
Next Steps: Partial profit-taking is advised at each target. Adjust the stop-loss as the price advances to secure gains. Watch for potential reversals near $712.00.