TRUMP Token Unlocks $24.84 Million, Price Falls Below $5

TRUMP Token Unlock and Market Impact

  • 4.89 million TRUMP tokens worth approximately $24.84 million are set to unlock this week, comprising 2.45% of the circulating supply.
  • The token unlock positions TRUMP among notable linear releases, alongside RAIN and SOL.
  • TRUMP is currently trading at $5.05, reflecting a decrease of nearly 20% over the past month and 2% in the last 24 hours.
  • Trading volume for TRUMP has increased by 34%, indicating rising investor interest.

Price Analysis

  • The current trend for TRUMP remains bearish, with the price moving in a descending pattern.
  • TRUMP is near a key support range between $4.70 and $5, which may weaken under repeated tests.
  • If support fails, the price could drop toward the mid-$4 range. A breakdown might lead to lower levels.
  • If TRUMP holds above this support and breaks through the $6.30 to $6.50 resistance zone, it could target the $8.50 to $9 region, with potential retest around $15 if all levels are surpassed.

Official Trump price | Source: TradingView

Bitcoin Layer-2 Developments

  • Bitcoin Hyper ($HYPER), a Bitcoin Layer-2 solution, is gaining attention by integrating DeFi on the Bitcoin Network using Solana-based technology.
  • The project has raised $29.6 million in its ongoing presale.
  • $HYPER aims to address Bitcoin's slow transaction times and high fees with Layer-2 technology.