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Crypto

TRUMP Memecoin Surges 23% Amid Whale Activity and Market Expansion

Guavy AI Editorial Team
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MEME TRUMP TRU
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The TRUMP memecoin has surged by over 23% in the past day, outperforming all top-100 cryptos by market cap.

This latest rally pushed its weekly gains to more than 64%, with daily trading volume increasing by a staggering 166% and surpassing the $1.06 billion-mark.

According to Scott Melker, TRUMP's upcoming conference appearance at Korea Blockchain Week will offer it exposure to the Asian market, which has driven memecoins like Moo Deng in the past.

Whales have also been leveraging the memecoin, with big whale positions in the Futures market indicating that they are using leverage to amplify their gains. However, traders should note that leverage can also amplify losses.

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Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

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