- A New York Times report said President Donald Trump seeks $230 million from the Justice Department, lifting TRUMP token interest.
- 24-hour volume up 50%; price holds near $5.84 with $6.60 resistance and $4.80 support.
- Claim filed via administrative process stirs ethics and legal questions as the campaign leans on “weaponization” messaging.
TRUMP, the official meme token tied to the Trump brand, saw trading volume rise more than 50% after a New York Times report said President Trump is demanding $230 million from the Justice Department for alleged harms from past investigations, including the Russia probe and the Mar-a-Lago documents case.
Why the TRUMP token moved today
CoinMarketCap data shows that TRUMP trades at $5.84, reaching a daily high of $6.15 as speculation intensified following the report.
The claim, submitted through administrative channels, fed a wave of speculation and narrative trading across pro-Trump crypto circles.
Trump’s $230 Million Compensation Demand
Trump’s representatives argue that the investigations caused reputational and financial harm that warrants restitution. The claim also touches on what Trump calls the “weaponization” of the justice system, a recurring theme in his campaign messaging, which has resonated strongly with his supporters and the broader pro-Trump crypto community.
Interestingly, Trump has stated that any funds received would be donated to charity, yet he acknowledged the ethical complexities of authorizing such a payout while in office.
On the other hand, legal experts are divided with some viewing it as a legitimate administrative step under the Federal Tort Claims Act, while others see it as a strategic political maneuver designed to amplify his image as a target of government overreach.
Related: Trump Family Earns Over $1 Billion A Year From Cryptocurrency Business
TRUMP Price Analysis: Signs of Stabilization
Levels: Where buyers and sellers defend today
TRUMP trades near $5.84, with support at $4.80 and resistance at $6.60. A daily close above $6.60 opens $8.30; a loss of $4.80 risks $4.00.
The token remains more than 90% below its ATH, so rallies face overhead supply from trapped holders.
Momentum: What RSI and MACD say about near-term direction
The Relative Strength Index (RSI) sits around 35, indicating mild oversold conditions, while the MACD continues to hover below the signal line, indicating that the bearish momentum could be nearing exhaustion.
A break above $6.60 could pave the way toward $8.30, whereas a drop below $4.80 may expose further downside risk toward $4.
Related: $TRUMP Coin Whale Accumulation Surges — Is a Price Explosion Imminent?
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