Trump memecoin will be unlocked this week, expected to create an opportunity to earn nearly 100 million USD for the billionaire former president and test real demand in the cryptocurrency market.
The unlocking event of 90 million Trump Coin Tokens with a value of nearly 930 million USD will increase the circulating supply by an additional 45%, directly affecting the market and the assets of stakeholders.
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90 million Trump Coins will be allowed to trade, corresponding to a value of nearly 930 million USD.
The circulating supply of Trump Coins increased by 45%, affecting liquidity and price.
Billionaire Trump has made approximately 150 million USD in profits from trading this Token as of mid-June.
What is Trump memecoin and what does unlocking the Token mean?
Trump memecoin is a cryptocurrency inspired by the name of billionaire former president Trump, serving as both a symbol and a digital asset. Unlocking the Token means that the previously bound quantity of Tokens will be allowed to trade freely, opening up new opportunities for investors and significantly impacting supply and demand in the market.
According to the cryptocurrency research company Messari, the event of unlocking 90 million Trump Coin Tokens is expected to occur on Thursday, corresponding to a value of nearly 930 million USD based on the price of 10.30 USD/Token on Wednesday. Initially, this quantity of Tokens could not be traded due to internal regulations, but is now released, increasing the circulating supply by 45% compared to before.
How does this unlocking of the Token affect the cryptocurrency market?
The release of a large quantity of Trump Tokens could test the actual demand for this cryptocurrency inspired by a famous personal image, while also directly affecting the price, liquidity, and appeal of this coin in the market.
The scale reaching nearly 930 million USD marks a significant supply level, which could cause price volatility, increase selling pressure, or boost liquidity depending on investor sentiment and actions. This is a test of the pricing and sustainability of the Token linked to the personal brand.
"Unlocking tens of millions of Tokens is a great opportunity to assess the liquidity and true appeal of Trump memecoin in the market, while also generating significant cash flow for stakeholders."
Jinshi – Cryptocurrency market analyst, July 2024
How has Trump profited from trading the Token?
It is estimated that as of mid-June 2024, according to the cryptocurrency risk management company Gauntlet, billionaire Trump has gained approximately 150 million USD in profits from selling and trading Trump Coin. This proves that the Token issuance campaign brings substantial value, not just a media symbol.
This profit is accumulated through controlling the quantity of Tokens, stable trading prices, and demand from both individual and institutional investors. Subsequent unlocks have the potential to create significant additional financial revenue.
"Leveraging brand effects to create cryptocurrency value is a new direction, positively impacting personal financial gains and the development of the market."
Financial expert Tom Wang, 2024
What is the overview of the changes in circulation and the impact of unlocking the Token?
Before the unlocking event, Trump Coin had about 200 million Tokens in circulation. Unlocking an additional 90 million Tokens will increase the supply on the market by 45%, affecting market capitalization and liquidity.
Before Unlocking After Unlocking Change (%) Total Circulating Supply 200 million Tokens 290 million Tokens +45% Token Price (on July 16, 2024) 10.30 USD/Token — — Value of the unlocked Tokens — 930 million USD — Profit from Token trading — 150 million USD (as of mid-June) —
Frequently Asked Questions
What is Trump memecoin?
Trump memecoin is a cryptocurrency Token inspired by billionaire former president Trump, used as a symbol and trading asset in the cryptocurrency market.
What does unlocking the Token mean?
Unlocking the Token allows previously bound Tokens to trade freely, increasing circulating supply and impacting liquidity and the price of that currency.
What is the value of the unlocked Tokens?
Approximately 90 million Trump Tokens were unlocked, valued at nearly 930 million USD based on a trading price of about 10.30 USD/Token in mid-July 2024.
How much profit has Trump made from this Token?
As of mid-June 2024, Trump has made approximately 150 million USD in profits from selling and trading Trump Coin.
How does unlocking the Token affect the market?
Increasing the supply affects the liquidity and price of the Token, while also testing the actual demand in the cryptocurrency market.
Source: https://tintucbitcoin.com/trump-token-chuan-bi-ra-mat-thi-truong/
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