$TRUMP News from Mars Finance - According to Cointelegraph, U.S. President Donald Trump recently shared a post on the Truth Social platform, endorsing the view of his official meme coin (TRUMP) as a gauge of public political sentiment.

Key information:

  • Current price: ~10 USD/TRUMP, down 85% from the historical peak of 73 USD in January.

  • Token unlock situation:

    • Currently, only 26.48% of the total supply is in circulation.

    • 735 million TRUMP (73.52%) are still locked.

    • On July 18, 50 million TRUMP (worth ~520 million USD at current prices) will be unlocked, which may create additional selling pressure.

Market context:

  • On June 7, Eric Trump (the President's son) announced that the crypto company supporting him would purchase a 'large' amount of TRUMP, but the market responded weakly.

  • Expert opinion:

    • The short-term volatility of meme coins depends on hype.

    • The long-term trend may reflect expectations regarding Trump's political prospects.

Risks to note:

  • Selling pressure from a large unlock event in July.

  • High volatility due to dependence on political news.