Trump’s Memecoin TRUMP Set for $320 Million Token Unlock Next Week
U.S. President Donald Trump's memecoin (TRUMP) will experience a major token unlock next week, with the project team set to receive $320 million, approximately 20% of the circulating supply.
Key points:
- Investors lost a total of $2 billion after purchasing TRUMP in January.
- TRUMP trades at $8.03, down 83% since January 18.
- Token unlocks typically create bearish conditions by increasing market supply.
- Current unique holders of TRUMP are 637,000, down from 817,000 at launch.
- Only 12,000 wallets now hold over $1,000 worth of TRUMP, decreased from 143,000 since January 19.
- Potential selling of unlocked tokens could lead to significant price drops due to low market depth.
The overall memecoin market cap has decreased from $119 billion in December to $45 billion currently.