The TRUMP memecoin surged 17.6% in 24 hours after President Donald Trump announced plans to purchase a significant amount of Bitcoin and other crypto assets. The token climbed from below $1.40 to $1.80 before retracing to $1.64, reclaiming a $400 million market cap. Trading volume jumped 325% to $397 million while derivatives volume surged 1,155% to $703 million. The MACD confirms bullish momentum, but the ADX at 16 indicates the broader trend remains weak, leaving the token vulnerable to a correction toward $1.30 if demand fades.
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