#GT# #BTC# #XRP# #ETH# #DOGE# Start taking profit as a Chinese company buys Trump coin worth 300 million Dollar

The official digital coin of Trump (TRUMP) dropped by 2.5% to 13 Dollars on Wednesday, May 14, following a surprise acquisition of 300 million Dollars by a Chinese technology company linked to TikTok.
Trump's coin dropped by 2.5% after a buy out of 300 million Dollar from a Chinese company linked to TikTok led to take profit.
Trump token investors responded defensively on Wednesday after a large acquisition sent shockwaves through the digital asset market.
The price of TRUMP has decreased by 2.5% during the day after Spencer Hakimian posted a video on CNN indicating that a relatively obscure Chinese technology company, said to be owned by TikTok stakeholders, has bought Trump Coin worth 300 million Dollar. The buy out is seen as a confirmation of the importance of Trump Coin, although broader sentiment quickly turned to a defensive stance.
Market participants pointed to geopolitical sensitivities, potential regulatory responses, and opportunistic selling after recent gains as reasons for the price decline.
The buying volume, which reached about 11% of the total market value of Trump's coin at that time, prompted major holders of the coin to start offloading tokens amid increasing uncertainty about the buyer's intentions.
Traders also pointed to concerns that such a large central acquisition could distort the decentralized market dynamics of meme coin.
Trump's token activity increases scrutiny in Congress
The purchase of 300 million Dollar was not an isolated event. Earlier this week, the U.S. Senate moved to suspend the GENIUS Act, a bill proposing a regulatory framework for stablecoins. The Senate expressed concerns about the alleged conflict of interest of President Trump due to his alleged connection to the USD1 coin, a stablecoin pegged to the Dollar and partially backed by associates of Trump.
Although the TRUMP token is separate from USD1, it is often viewed as symbolically and politically linked to Trump's digital asset footprint.
The timing of Chinese investment, along with the skyrocketing rise of Trump Coin from just a meme to a market value of 2.7 billion Dollar, has prompted legislators to increase their focus.
On Capitol Hill, some lawmakers claim that the line between political capital and financial capital has become dangerously blurred.
Senate banking committee aides confirmed in exclusive statements that the tokens associated with Trump are currently under review in hearings scheduled for early June. As Trump’s proposals regarding the strategic reserve of cryptocurrencies continue to be suspended, the ongoing debate over foreign influence or financial misconduct linked to the president may pose a significant obstacle.
While investments based in Dubai helped the Trump Coin ecosystem surpass a market value of 2 billion Dollar just last week, the price drop on Wednesday represents the first significant decline from its weekly peak of 15 Dollar recorded on Monday.❤️❤️❤️📈🌋🔥🔥