TRUMP Price Tumbles Amid SEC Probe and Bank Deal
The price of TRUMP has been consolidating in a narrowing triangle after an 80% spike and subsequent 33% reversal this month, trading at $2.81.
The volatility comes as Abu Dhabi's Sheikh Tahnoon backs a 49% stake in World Liberty's new bank, which received preliminary OCC approval to manage USD1 and World Liberty's $4 billion stablecoin.
Senators Warren and Blumenthal have asked the SEC to investigate whether TRUMP is an illegal scam, citing reports that investors lost a combined $3.8 billion while Trump-linked wallets gained roughly $636 million.