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- #Over 100 Companies Hold Over 830,000 BTC#
According to reports as of June 19, more than 100 companies collectively hold over 830,000 BTC, worth about $86.476 billion.
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Recently, a notable large-scale cryptocurrency flow occurred on the Solana network. On June 20, the blockchain monitoring system issued an alert that a mysterious wallet transferred approximately 15.3 million Trump Coins (TRUMP), with a total value of about $143 million, an action that immediately triggered market tension.
The price of Trump Coin has been extremely sensitive following this event, currently hovering around $9.24, almost touching the key technical support level of $9.21. Earlier, the price had once dropped to $9.10, but then there was buy support. Notably, trading volume increased by 117% year-on-year, reaching $308 million, indicating a significant rise in market activity.
Data from the on-chain analysis platform AlvaApp shows that the activity of large holders has significantly increased, with a large amount of funds moving to trading platforms, which may indicate impending selling pressure.
Market sentiment is influenced by multiple factors. The social media platform TikTok has denied rumors of purchasing $300 million in TRUMP tokens, which has somewhat alleviated market speculation. At the same time, geopolitical factors such as the tensions between Israel and Iran, as well as Trump's policy stance on encryption, have added extra uncertainty to the market.
From a technical analysis perspective, Trump Coin is currently facing an important price point. If it falls below the support level of $9.21, it may trigger further declines, with the next support range between $8.50 and $9.00. The resistance level above is at $10.97, and if it can break through, it may test the highs of $12.18 to $14.00.
Long-term forecasts indicate that this cryptocurrency could reach a range of $20.21 to $28 by 2025, and it may even rise to $300 by 2030. However, risk factors cannot be ignored, including the selling behavior of large holders, uncertainty in regulatory policies, and the issue of approximately 80% of the supply being concentrated in the hands of a single entity.
Currently, TRUMP holders are closely monitoring price dynamics, especially the performance of key support levels, which will determine the market direction in the short term.