Donald Trump’s meme coin $TRUMP has taken a significant hit, plunging 85% from its all-time high. On-chain data suggests that insiders have executed large-scale sell-offs, raising concerns about the token’s future stability.
Adding to the uncertainty, a $520 million token unlock is scheduled for July 18, which could further impact price movements. Historically, large unlock events tend to increase market volatility, as a sudden influx of tokens can lead to sell pressure.
Despite the downturn, some investors remain optimistic, speculating that the token could rebound if market sentiment shifts. However, others fear that the pattern of insider-controlled liquidations may continue to erode confidence in the project.
Poll: What’s Next for $TRUMP ?
What do you think will happen after the July 18 unlock?
🚀 Rebound—The market absorbs the unlock, and the price stabilizes.
📉 Further Decline—Sell pressure continues, pushing prices lower.
🤷 Uncertain—Too many unknowns to predict.