Source: blockworks.co
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TRUMP Token Set to Unlock 40 Million Tokens Worth $300 Million

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1 min

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.

Original publication

Authors credited by the source: Jack Kubinec

Published by Holder based on an external source.