Profit-Taking Begins as Chinese Firm Buys $300 Million Worth of Trump Coin 📉
The Trump token (TRUMP) experienced a decline of 2.5%, dropping to $13 on Wednesday, May 14. This decline followed a significant $300 million acquisition by a Chinese tech firm reportedly associated with TikTok.
Investors holding TRUMP tokens reacted cautiously after the announcement of the acquisition, which sent shockwaves across the market, triggering a wave of profit-taking amid uncertainty.
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