The TRUMP token, which operates on the Solana blockchain, has shown impressive recovery and growth following a recent market downturn. After a flash crash on October 10, the token has rebounded nearly 500%, capturing the interest of traders and analysts alike. The report highlights positive developments indicating that this trend may continue in the near future.
TRUMP Token Surge
On October 29, the TRUMP token experienced a significant surge of 46%, with trading values fluctuating between 801 and 868 as of October 30. This upward trend is bolstered by technical analysts who have noted a confirmed breakout from a falling wedge pattern, indicating a potential for further gains.
Whale Accumulation and Bullish Sentiment
Additionally, on-chain data reveals substantial accumulation by whale investors, further fueling bullish sentiment around the token. As momentum traders take notice, some analysts are setting ambitious price targets, with projections suggesting the TRUMP token could reach as high as 15 in the near future.
In a notable policy shift, the Federal Reserve has announced plans to restart US Treasury purchases in early 2026, contrasting with the recent surge of the TRUMP token. For more details, see read more.
