TRUMP Coin Market Update: ETF Proposal Faces SEC Review Amid Price Volatility

The official Trump Coin [TRUMP] is generating buzz in the crypto market following the appearance of Canary Capital's proposed Trump Coin ETF (TRPC) on the Depository Trust & Clearing Corporation (DTCC) platform. This move is seen as a significant step toward potentially boosting the coin's liquidity and opening it up to traditional investors without requiring them to directly own the token.

Key Developments and Regulatory Hopes

Industry optimism is partially fueled by the belief that the SEC's current classification of memecoins as commodities (rather than securities) could increase the likelihood of regulatory approval. The listing of the proposed ETF on the DTCC platform marks an expansion in "politically-themed digital asset products." However, the U.S. SEC is currently reviewing the proposal, a process that is expected to take several months with no set timeline for a final decision.

Price Action and Technical Indicators

• Price: At press time, TRUMP Coin traded at $7.56.
• Recent Performance: The coin saw a modest 0.1% increase over the past 24 hours but was down 2.24% over the past week.
• Technical Sentiment: The Relative Strength Index (RSI) suggests bears are dominating the market.

Diverging Market Sentiment

Despite the current bearish indicators, many experts and traders remain optimistic about a potential bullish breakout.

• Some analysts are calling for a "huge pump," advising a buy-in with "money you can afford to lose."
• Other traders see a bullish falling wedge pattern forming on the chart, with the price holding a key support zone. A drop to $6.37 is even cited as a potential entry point that could precede a projected 78% rally.

In contrast, noting that tokens linked to President Donald Trump are under pressure from excessive leverage, liquidations, and management concerns, ranking the TRUMP token among the riskiest altcoins.

Given the mix of potential regulatory catalysts, technical volatility, and high-risk warnings, the future trajectory of Trump Coin remains uncertain.