$TRUMP is at $1.22 today, and there's a bigger story behind it than just the price.
Just the facts.
After Democrats won Congress, $TRUMP fell more than 15%. Democrats announced an investigation into the Trump family's crypto businesses, including World Liberty Financial.
At the same time, Trump Media transferred 4,259 BTC worth $343 million to Crypto.com. The company faces $1 billion in debt due on November 30. The company's stock, DJT, fell 24.5% on Election Day.
$TRUMP , the meme coin, is caught between both pressures: political pressure from the investigations and financial pressure from the company's debt.
The RSI reached 27.9, which is technically in oversold territory. But the overall trend is still downward.
The most important date to watch is November 30, when the debt is due.
Just my personal opinion, not investment advice. Always do your own research.
Just the facts.
After Democrats won Congress, $TRUMP fell more than 15%. Democrats announced an investigation into the Trump family's crypto businesses, including World Liberty Financial.
At the same time, Trump Media transferred 4,259 BTC worth $343 million to Crypto.com. The company faces $1 billion in debt due on November 30. The company's stock, DJT, fell 24.5% on Election Day.
$TRUMP , the meme coin, is caught between both pressures: political pressure from the investigations and financial pressure from the company's debt.
The RSI reached 27.9, which is technically in oversold territory. But the overall trend is still downward.
The most important date to watch is November 30, when the debt is due.
Just my personal opinion, not investment advice. Always do your own research.
