2025-9-1 15:00 |
Official Trump (TRUMP) is back on traders’ radar. The TRUMP price is up more than 6% today, trading around $9.07, and it’s one of the best performers in the market right now.
What’s even more eye-catching is the trading activity, volume has spiked by more than 850% in just 24 hours. The rally comes as hype builds around a TRUMP-themed ETF and fresh momentum from big-name investors.
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One of the main drivers of this pump is ETF chatter. On August 13, Canary Capital registered the “Canary Trump Coin ETF” in Delaware. It’s not a formal SEC filing, but it mirrors memecoin ETF proposals we’ve already seen from firms like Grayscale.
For traders, the takeaway is simple: institutions are paying attention, and that possibility alone is enough to fuel speculation.
The reaction was instant when the news first broke. TRUMP price jumped 10% back on August 14. Now the story is heating up again, with traders betting that the SEC could eventually treat memecoins like TRUMP as commodities and allow ETF approval.
Everyone’s watching how the SEC responds to earlier filings from Osprey Funds and REX Shares, which could set the precedent.
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Justin Sun’s $100M Buy-In Adds FuelAnother reason TRUMP has been able to hold momentum is the involvement of Justin Sun, the founder of Tron. On July 9, he confirmed a $100 million purchase of TRUMP, describing it as a collaboration with Trump’s team.
That timing was crucial. In July, TRUMP had a massive $520 million token unlock, which created heavy sell pressure.
Sun’s big buy absorbed some of that supply and restored confidence. His influence can’t be ignored either. With more than 2.2 million followers on X, his moves tend to spark a wave of retail and whale interest.
The result was explosive. Trading volume jumped nearly 900% in a single day after his announcement. Still, there’s a note of caution. Sun has a history of entering projects with large buys and then pulling out after quick rallies, which makes some traders nervous about how long this impact will last.
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What the TRUMP Chart Is ShowingOn the 4H chart, Official Trump price has finally broken above the downtrend resistance line that’s capped it since mid-August. Right now, the price sits around $9.07, comfortably above the 50-day EMA at $8.56, which is acting as short-term support.
Momentum also looks solid. The RSI is at 66, which shows strength but still leaves room before the market turns overbought.
Image Source: Tradingview.comIf bulls stay in control, the next big test will be around $9.50 to $9.60. Clearing that zone could set up a push past the $10 mark, which is a psychological level many traders are watching.
On the flip side, if TRUMP price slips back under $8.50, it could fall into another round of sideways trading. For now, though, the breakout is giving bulls confidence.
ConclusionToday’s pump is being driven by a mix of ETF speculation and the continued impact of Justin Sun’s $100 million buy-in. With price breaking out of its downtrend and volume surging, TRUMP has grabbed market attention again.
Of course, risks remain. The SEC hasn’t approved a memecoin ETF yet, and whale-backed rallies can turn volatile quickly. But for now, TRUMP price is running hot, and traders are watching closely to see if it can break past $10 and extend the move.
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The post Here’s Why Official Trump (TRUMP) Price Is Pumping Today appeared first on CaptainAltcoin.
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