The price of token Trump (Trump), despite the $ 5 million Chinese GDC investment, has not grown significantly, and has even reached $ 1.2 at $ 1.5 percent in the past 7 hours.
The volume of the token has also fallen by 5 % to $ 1.5 billion, indicating investors’ inactivity.
In recent weeks, the price of the Mimcoin rose to $ 2 due to the invitation of the top 5 token to dinner with Donald Trump on May 5.
But the uptrend was not sustainable, and after the final names of the guests were announced, sales pressure increased. Reports show that about $ 5 million of this token is owned by the same.
In the meantime, the $ 2 million GDC investment in Bitcoin and Tucocy Trump also failed to ensure its price growth.
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In addition, the Trump Dipy project, World Liberty Financial (WLFI), also faces numerous charges. US Congress Democrats have called for investigations into the project because of the possibility of market manipulation, bribery and financial offenses.
Even the Trump dinner event, according to some observers, is suspected of violating financial laws.
Meanwhile, Coinglass data shows that the number of Long positions is higher than that of shorts, although open profits have declined.
This shows that traders’ willingness to open new situations is reduced and the price stabilization is likely.
In such circumstances, if sales pressure persists, Trump’s price may fall to $ 5; Otherwise, the price is likely to return to over $ 2.
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