TRUMP Token Unlock: The Release of 20% of the Supply Will Shake the Market

A major event is about to take place with Donald Trump's memecoin, $TRUMP. This week, 40 million TRUMP tokens will be unlocked. They are worth over 320 million dollars. This could cause significant changes in the price of the token. The unlocked tokens will be transferred to the project group and insiders. Since most of them receive these tokens for free, it is expected that many will sell their tokens. This could create selling pressure in the market. The tokens are being unlocked A large token TRUMP unlock event will take place on April 18, 2025. About 40 million tokens, worth 330 million dollars, will be released. This is 20% of the tokens currently in circulation. This is the first major unlock event for this coin. Many traders are watching to see how the market reacts. After this event, approximately 493,000 tokens will be unlocked daily, worth about 4 million dollars each day. Smaller unlocks will continue until the next major unlock in July. The coin is divided into two groups. This will add more supply to the market over time.

Impact on the price of $TRUMP $TRUMP has shown signs of weakness. It is fluctuating at $8.37, down more than 1.27% in the last 24 hours and 29% in the last month. Technical analysis indicates that this coin is under bearish pressure. There is some support around the $7.50 level, where buyers have entered previously. If the price drops below that level, it could fall to $6.80. On the other hand, if it rises, it may encounter resistance at $9.20 and $10.90. The funding rate is also turning negative. This could lead to a short squeeze, where short sellers are forced to buy back the coin, potentially causing a rapid price increase. However, this is not guaranteed. The market capitalization of the company is $1.67 billion after a decrease of 1.27% in the past 24 hours, with a trading volume of $476.01 million after a surge of 17.59% in the past 24 hours.

According to blockchain data, the number of holding wallets is gradually decreasing. Currently, there are about 638,000 wallets holding memecoin, down from over 800,000 wallets in January. Only 13,000 wallets hold more than $1,000. This indicates that most holders are making small, risky bets. Confidence in this coin appears to be diminishing. Conclusion The upcoming unlock of the memecoin on April 18th is a significant moment for the memecoin. The release of 40 million tokens, primarily to insiders who received them for free, could cause the price to drop due to selling pressure. While some traders hope for a short sell or a price recovery from the oversold condition, the general sentiment is pessimistic. Many technical signals and on-chain data indicate that confidence in memecoins is still low. As the unlock date approaches, traders and investors will closely monitor the market. Whether prices rise or fall, the unlocking will certainly bring volatility.