TRUMP Memecoin Surges Over 8% to Reclaim $8 Following Token Unlock
The price of TRUMP increased by over 8% this weekend, outperforming most assets in the top 100. This rise occurred despite a significant unlocking of tokens.
Token Unlock Details
- On April 18, 40 million TRUMP tokens were unlocked, valued at approximately $310 million.
- These tokens represent 4% of total supply and over 16% of current circulating supply.
- Prior to the unlock, TRUMP was trading around $7.54, fluctuating between $7.46 and $7.83.
The token's price had fallen nearly 90% from its all-time high of $71 reached in January. Despite expectations of bearish trends due to the unlock, TRUMP surged past $8, reaching a peak of $8.60 before stabilizing around $8.33.
Current Price Status
- TRUMP is currently priced at approximately $8.33, reflecting an 8.6% increase in the last 24 hours.
- However, it remains down by 1.5% over the past week.
