As a seasoned crypto investor with over a decade of experience in the markets, I find Josh Walkos’ discovery intriguing and potentially significant. The extreme disparity between the trading volume and day high for Trump Media & Technology Group (DJT) on July 11 and 12 is something that warrants further investigation.
An influential researcher on microblogging platform X (previously known as Twitter) has lately disclosed that there existed a significant gap between the trading volume and the peak price for Trump Media & Technology Group (DJT)’s shares on the day preceding the attempted assassination of former President Trump.
On his social media platform with over 120,000 followers, Josh Walkers highlighted an intriguing observation. He noted that the trading volume for the company’s stock stood at approximately 3.96 million shares on Thursday, July 11. In contrast, the volume significantly surged on Friday, July 12 – a day prior to the failed assassination attempt on former U.S. President Donald Trump – reaching an astonishing 35.64 million shares, representing an increase of over 800%.
On July 11, the stock reached a peak price of $30.31 according to the company’s data. However, the following day saw a dramatic surge in price, reaching an astonishing high of $15,638.32.
I’ve discovered something that could be significant. Could someone please help me understand the large difference between the trading volume and the day’s highest price for Trump’s stock #DJT on Thursday, July 11th and Friday, July 12th (the day before the assassination attempt)?
(This information is derived from…)
— Champagne Joshi (@JoshWalkos) July 17, 2024
Walkos proposed that the drastic price fluctuation could potentially be an error. Evidence from other financial platforms, such as Yahoo Finance, indicates that the peak price of the day was $31.55, followed by a surge to $46.27 before the shares began correcting.
Despite this significant fluctuation in trading volume, the researcher advocates for a closer examination of the situation. Notably, Yahoo Finance’s data reveals that the volume surged dramatically following the assassination attempt on July 15, with a total of 80,789,400 shares exchanged compared to just 4,411,100 shares two days prior.
On July 13, at a rally in Pennsylvania, Donald Trump was wounded in an ear during a botched assassination attempt. This violent act against the former president provoked widespread outrage and condemnation of political violence across the globe. Trump’s resilient response to the attack, which involved him standing tall as secret service agents shielded him and shouting “fight” to the crowd, is believed to have bolstered his campaign’s popularity.
The values of cryptocurrencies surged following the unsuccessful assassination attempt, possibly due to Donald Trump’s growing affinity for the sector throughout his presidential campaign. He recently expressed his intentions to back the industry on his social media platform, Truth Social, during the past month.
In prediction markets, the probability of Trump’s election has significantly increased, with his chances on Polymarket currently at 62%. This is a decrease from his peak of 71% following the assassination attempt. In contrast, Biden’s chances sit at 6%, and Harris’ at 20%.
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2024-07-20 01:51