TRUMP Token Set to Unlock 40 Million Tokens Worth $300 Million
Tokens representing 20% of the supply of the TRUMP memecoin will unlock tomorrow, potentially impacting market dynamics. Currently, TRUMP has dropped 2.7% this week, contrasting with a general rise in other memecoins.
- 40 million TRUMP tokens, valued at approximately $300 million, will be accessible to creators and CIC DIGITAL.
- No clear plans from Trump’s team on selling or holding the tokens have been disclosed.
- Trump's engagement with the token has been minimal; he referred to it once as “SO COOL!!!”
- Despite uncertainty, TRUMP maintains a market capitalization over $1.5 billion.
- Investor sentiment appears mixed, with some expressing disappointment in its performance.
The future value may hinge on potential communications from Trump regarding the memecoin.