- Trump’s $230 million claim ignites massive surge in TRUMP token.
- Pro-Trump crypto traders react swiftly, driving volume up 50%.
- Legal tensions fuel speculation as TRUMP stabilizes near $5.84.
The TRUMP token experienced a sharp increase in trading activity after reports confirmed that President Donald Trump is demanding $230 million from the U.S. Department of Justice. According to The New York Times, the claim seeks compensation for damages linked to the Russia probe and the Mar-a-Lago documents case.
Following the report, TRUMP’s trading volume climbed more than 50%, fueled by heightened speculation across pro-Trump crypto communities. CoinMarketCap data shows the token trading at $5.84, after reaching a daily high of $6.15 as investors reacted swiftly to the news.
Trump’s Legal Move Sparks Speculation Across Crypto Circles
Trump’s representatives argue that the investigations inflicted significant reputational and financial harm, asserting that he deserves compensation under federal law. Trump has also stated that any funds awarded would be donated to charity, though he acknowledged potential ethical concerns about approving such a payment while in office.
Also Read: Cardano Founder Planning to Bail Out Kadena?
Legal analysts remain divided over the claim. Some view it as a valid administrative step under the Federal Tort Claims Act, while others see it as a calculated political strategy meant to strengthen his campaign message about government overreach.
This narrative continues to energize Trump supporters and the broader pro-Trump crypto base, driving renewed enthusiasm for the TRUMP token.
TRUMP Token Price Action Shows Key Technical Levels
TRUMP’s market structure indicates a phase of potential stabilization after recent volatility. The token trades near $5.84, with notable support around $4.80 and resistance near $6.60. A daily close above $6.60 could open the path toward $8.30, while a decline below $4.80 may expose the $4.00 level.
Technical indicators suggest improving sentiment. The Relative Strength Index (RSI) hovers around 35, signaling mild oversold conditions. At the same time, the MACD remains below the signal line, suggesting that bearish momentum could soon fade.
Although still trading more than 90% below its all-time high, TRUMP continues to capture attention. The mix of legal drama and political intrigue surrounding Trump’s compensation demand has reignited market interest, reflecting how strongly his public moves influence sentiment in pro-Trump crypto markets.
Also Read: Ripple Sits on Federal Reserve’s Faster Payment Task Force as XRP ETF Decision Looms
