$TRUMP ‌ This round has something going on.

In 15 minutes it jumped 2.23%, and the trading volume surged to more than 10 times the usual amount, with volatility exploding. The key point is that OI also rose along with it: in one hour, open interest in the contracts increased by nearly 4%; the abnormal percentile climbed to 100%, placing second across the entire pool.
Looking in more detail, the closing price broke above the upper bound of the most recent 20 five-minute K-lines; active trading volume is down 18.1%, and buyers clearly have the advantage, with a buy-sell ratio of 1.44.
This kind of structure—volume and price rising together, OI expanding, and continuing across multiple cycles—usually means new leveraged long positions are driving the move, not just a simple squeeze of shorts.
Keep an eye on it—see if it can continue.