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$TRUMP Coin price tumbles to $13 following a $300M buy by a TikTok-linked Chinese firm, sparking profit-taking.


The official Trump token (TRUMP) fell 2.5% to $13 on Wednesday, May 14, after a surprising $300 million acquisition by a Chinese tech firm reportedly linked to TikTok.
Trump Coin Tumbles 2.5% as $300M Purchase From TikTok-Linked Chinese Firm Triggers Profit-Taking
TRUMP token investors reacted defensively on Wednesday following a major acquisition that sent shockwaves through the digital asset market.
The 2.5% TRUMP price intraday dip comes after Spencer Hakimian posted a CNN clip suggesting that a relatively obscure Chinese tech company, reportedly owned by stakeholders in TikTok, had purchased $300 million worth of Trump Coin.
The official Trump token (TRUMP) fell 2.5% to $13 on Wednesday, May 14, after a surprising $300 million acquisition by a Chinese tech firm reportedly linked to TikTok.
Trump Coin Tumbles 2.5% as $300M Purchase From TikTok-Linked Chinese Firm Triggers Profit-Taking
TRUMP token investors reacted defensively on Wednesday following a major acquisition that sent shockwaves through the digital asset market.
The 2.5% TRUMP price intraday dip comes after Spencer Hakimian posted a CNN clip suggesting that a relatively obscure Chinese tech company, reportedly owned by stakeholders in TikTok, had purchased $300 million worth of Trump Coin.

While some investors initially viewed the buy as validation of Trump Coin’s relevance, broader sentiment quickly turned defensive.
Market participants cited geopolitical sensitivities, potential regulatory blowback, and opportunistic selling after recent gains as reasons for the price decline.
The scale of the purchase, nearly 11% of Trump Coin’s total market cap at the time—prompted major holders to begin offloading tokens amid growing uncertainty about the buyer’s intentions.
Traders also cited fears that such a large, centralized acquisition could distort the memecoin’s decentralized market dynamics.
Trump Token Activity Intensifies Congressional Scrutiny
The $300 million purchase isn’t occurring in isolation. Earlier this week, the U.S. Senate moved to suspend the GENIUS Act, a bill proposing regulatory framework for stablecoins. The US Senate cited concerns over President Trump’s alleged conflict of interest through his reported affiliation with USD1, a dollar-pegged stablecoin backed in part by Trump-aligned entities.
The TRUMP token, though separate from USD1, is often viewed as symbolically and politically linked to Trump’s digital asset footprint.
The timing of the Chinese investment, combined with Trump Coin’s meteoric rise from meme status to a $2.7 billion market cap, has lawmakers sharpening their focus.
On Capitol Hill, some lawmakers argue that the line between political capital and financial capital is blurring dangerously.
Senate Banking Committee aides have privately confirmed that Trump-related tokens are now being considered in hearings scheduled for early June. With Trump’s crypto strategic reserve proposals still hanging in the balance, controversy surrounding foreign influence or financial impropriety tied to the President could become a major roadblock.
While Dubai-based investments helped the Trump Coin ecosystem push past a $2 billion market cap just last week, Wednesday’s price dip marks the first major retracement from its weekly time frame peaks of $15 recorded on Monday.
What’s Next?
Without swaying response from Trump’s camp, traders will likely remain alert to bearish insights from the anticipated congressional scrutiny. TRUMP token price could be at risk of further downswings in the days ahead.
Trump Coin’s market cap now is currently trending at $2.7 billion, investors are watching closely for clarity on both the token’s political affiliations and future foreign involvement. Meanwhile, the crypto industry awaits further word from U.S. lawmakers on whether regulation or restrictions tied to politically sensitive tokens could follow.
TRUMP Price Forecast Today: Market Indecision Persists Near $13 as Traders Await Breakout Direction
Trump Coin price traded at $13.26 at press time, down 3.7% on the day, as markets digested the aftershocks of Tuesday’s surprise $300 million accumulation by a Chinese firm.
While such a move might typically inspire bullish momentum, Wednesday’s price action signals hesitation, with intraday volatility fading into a narrow trading range. TRUMP price now fluctuates around the middle Bollinger Band at $13.09, a key technical support level that has repeatedly attracted both buyers and sellers throughout May.

Volume remains elevated at 11.65 million, but the lack of directional follow-through signals market indecision.
The Parabolic SAR continues to print above price at $15.23, keeping near-term momentum biased downward. However, the Bull bear power (BBP) reading at 0.97 als confirms neutral conditions, long wicks on both ends of the days candles suggesting an ongoing tug-of-war between bulls and bears.
Should TRUMP hold above the $13.00 psychological handle, the setup for a potential recovery toward the upper Bollinger Band at $15.85 remains intact.
Yet, the absence of follow-through buying despite elevated volumes raises questions about conviction.
Conversely, failure to maintain $13.00 support risks opening a path to the lower Bollinger Band near $10.33 — a level last tested during the early stages of the April rally.

#TRUMP #CryptoRegulation #TrumpTariffs #Chinese #china

Chinese trader and founder of Equation News, Vida, announced on the X platform that he allegedly earned approximately $1 million from the hacking incident involving the BROCCOLI714 token.
Vida stated that he profited from the imbalance between spot and futures prices by detecting unusual price movements early.
According to Vida, when the BROCCOLI714 price rose by more than 30% in 60 minutes, he immediately closed his previously established arbitrage positions. Initially worth $500,000 each, his hedge positions reached $800,000 on the spot market and $500,000 on the futures market. By closing all his arbitrage positions instantly, Vida made a profit of $300,000.
Vida then noticed a large $5 million buy order with a 10% buy depth on the BROCCOLI714 spot market on Binance. In contrast, there were only $50,000 buy orders on the futures contract with the same depth. At that time, BROCCOLI714’s market capitalization in the main order book was $40 million, and total buy orders were at $26 million. According to Vida, this indicated either that a user account had been compromised or that there was a serious error in the market maker software.Vida suspected that the $26 million in funds in the spot order book was being used to inflate the spot price, thereby driving up the futures contract price, and then exit the futures market. He predicted that the price would continue to rise unless the hacker withdrew the buy orders on the spot side.

During this process, Vida attempted to buy BROCCOLI714 USDT perpetual futures contracts every 5-10 seconds via the trading terminal. The execution of these orders indicated that the circuit breaker protection period for the contract had expired, creating a liquidation risk. Seizing the opportune moment, Vida added a long position of approximately $200,000 at an average cost of $0.046.

According to Vida, the hacker’s subsequent partial deactivation of the order book signaled the activation of the risk control unit. Vida began selling all his long positions in BROCCOLI714 spot and futures without regard to cost. Adding another $200,000 to his initial $200,000 position, he now has a total of $1.5 million in cash.
Vida later confirmed that the hacker had completely emptied the order book, and this time he opened a $400,000 short position at approximately $0.065, closing the position when the price dropped to around $0.02.
However, it’s important to remember that in the already high-risk cryptocurrency market, using leverage carries a very high probability of users losing all their assets,#Chinese #ALT $BROCCOLI714