#BinanceHODLerERA Analysis: the memecoin TRUMP rises amid unlocks and a bullish pattern.
$TRUMP ✨✨✨✨✨✨💥
#AltcoinSeasonLoading At the time of writing, the price of OFFICIAL TRUMP (TRUMP) is trading at $10.07, with daily gains of 8%, weekly gains of 15.8%, and monthly gains of 0.4%. The memecoin associated with the current U.S. president is once again recording strong gains after several uninspiring days.
What is driving the price of TRUMP to current levels?.
The crypto market has renewed its interest in memecoins. Its total capitalization rose 4% and remains above 60 billion dollars.
Interestingly, this rise is attributed to the unlocking of TRUMP tokens, as it previously generated a similar reaction. In mid-April, this memecoin surged nearly 80% in just one week, closing at $16.44. That increase coincided with the unlocking of 40 million tokens on April 18. Instead of causing downward pressure, that day the price rose 8%, marking the largest daily gain of the month.
Precisely this week, the TRUMP token leads the largest unlocks in the market. 90 million tokens valued at 865.8 million dollars will be released, out of a total of 1.574 billion.
