The TRUMP token, associated with President-elect Donald Trump, has quickly gained popularity in the crypto market, becoming the 21st largest digital asset with a market cap of $11 billion in just two days. It is currently the most-traded pair on Binance. However, caution is advised as a derivatives market indicator suggests a bearish divergence from the token's rising futures open interest. The market for TRUMP appears overheated, with those holding long positions paying high fees. This could lead to a deeper price slide if the market stops rallying. Additionally, most major cryptocurrencies have experienced net selling in perpetual futures, possibly indicating fears of market-wide price losses following Trump's inauguration.



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