Investigation Revealed Extreme Disparity in Trading Volume and Price of Trump Media & Technology Group
A prominent researcher on X recently disclosed a significant finding regarding the trading volume and day high of shares of Trump Media & Technology Group (DJT) before the former President’s assassination attempt.
The researcher, Josh Walkos, highlighted a substantial difference in trading volume between July 11 and July 12, noting a remarkable spike in volume the day before the assassination attempt.
Volume Discrepancy and Price Surge
• On July 11, trading volume for DJT stood at 3,956,160 shares
• The following day, volume skyrocketed by 801% to 35,643,508 shares
• Stock price surged from $30.31 on July 11 to a staggering $15,638.32 on July 12
Potential Error in Price Swing
Josh Walkos raised concerns about the extreme price swing, suggesting it could be an error in data reporting. Contrary evidence from platforms like Yahoo Finance indicated a high of $31.55 on July 12, followed by a jump to $46.27.
Intriguing Findings and Further Investigation
Despite conflicting data, Walkos emphasized the need for a detailed investigation into the volume surge. Yahoo Finance data showed a significant spike in trading volume after the assassination attempt, with July 15 witnessing 80,789,400 shares traded, up from 4,411,100 on July 12.
Impact of Attempted Assassination
The assassination attempt on Trump on July 13 during a rally in Pennsylvania had global repercussions, eliciting strong condemnation of political violence. Trump’s reaction to the incident, where he defiantly urged the crowd to “fight” despite being shot at, garnered support for his campaign.
Rise of Cryptocurrency Prices and Political Speculation
• After the assassination attempt, cryptocurrency prices surged, possibly due to Trump’s pro-crypto stance
• Trump’s association with the crypto industry, evident through his social media platform Truth Social, influenced market sentiments
• Prediction markets reflected a surge in Trump’s chances of election post-assassination attempt, with his odds on Polymarket standing at 62%
Hot Take: Unveiling Market Anomalies
Meticulous examination of trading patterns and price movements reveals intriguing anomalies in the financial landscape, prompting deeper scrutiny into potential errors or market influences. Stay vigilant and proactive in analyzing market data to unearth hidden insights and navigate volatile scenarios effectively.
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