A prominent analyst on the microblogging platform X (formerly known as Twitter) has made a startling discovery regarding the trading volume of Trump Media & Technology Group (DJT) prior to a failed assassination attempt on former President Donald Trump. The analyst, Josh Walkos, shared his findings with his substantial following of over 120,000 followers.
According to Walkos, on Thursday, July 11, the trading volume for DJT stock was 3,956,160 shares. However, the following day, July 12, the day before the assassination attempt, the volume skyrocketed by a staggering 801% to 35,643,508 shares. This extreme surge in trading volume coincided with a significant increase in the stock’s price. On July 11, the stock hit a high of $30.31, while on July 12, it reached an astounding $15,638.32, based on data from the company’s website.
Walkos raised the possibility that this unconventional price swing could be a mistake. Other platforms, such as Yahoo Finance, indicate that the day high for DJT on July 12 was actually $31.55, with a subsequent jump to $46.27 before the shares started to correct. Nonetheless, Walkos believes that the significant disparity in volume should be subject to further investigation.
Interestingly, Yahoo Finance’s data suggests that the surge in volume occurred after the assassination attempt, with July 15 witnessing a trade volume of 80,789,400 shares, compared to 4,411,100 shares on July 12.
The failed assassination attempt on Trump took place on July 13 during a rally in Pennsylvania, eliciting widespread condemnation of political violence. Trump’s defiant reaction, in which he stood up and yelled “fight” into the crowd as Secret Service agents attempted to protect him, is believed to have galvanized support for his campaign.
In the aftermath of the attempted assassination, cryptocurrency prices experienced a surge, likely due to Trump’s increasing embrace of the industry and his recent pledge to support it via his social media platform Truth Social.
Prediction markets also witnessed a change in Trump’s election chances following the incident. Prior to the attempt, Trump’s chances stood at a high of 71% on Polymarket. However, after the assassination attempt, his chances dropped to 62%, while Joe Biden stood at 6% and Kamala Harris at 20%.
Overall, these findings suggest a peculiar trading activity surrounding DJT stock before the assassination attempt, prompting further scrutiny into potential irregularities.