TRUMP Coin Surges Amid Acquisition Talks, Hits $8.07
TRUMP coin, the memecoin linked to former US President Donald Trump, has witnessed a rise in price and market attention. The token is currently trading at $8.07, with a market cap of $1.61 billion and a 24-hour trading volume of $1.71 billion. This news comes amid ongoing acquisition talks between Fight Fight Fight LLC and Republic.com's US platform, sparking speculation about the token's future.
TRUMP coin's weekly price surge was triggered by its involvement in Bitget's Onchain Challenge phase 25 and rumors of an acquisition. The token reached a high of $8.64 but was later rejected and has since stabilized just above $7.25, its nearest reliable support zone. If the price slips below this level, the next floor is $6.40.
The negotiations for the acquisition of the official TRUMP coin were initiated by Fight Fight Fight LLC, the issuer of the TRUMP memecoin. They are reportedly in talks to acquire the US operations of Republic, an investment platform. This potential acquisition could significantly influence the TRUMP coin's trajectory. Regaining support above $7.77 could put the token back on a bullish path with targets at $10.24.
Despite a 2.11% dip in the last 24 hours, TRUMP coin has maintained over 36% weekly gains. Its price faces critical support at its 7-day SMA of $6.91. As acquisition talks continue and market interest remains high, the future of TRUMP coin appears promising, with potential for further growth.
