The TRUMP Memecoin, supported by U.S. President Donald Trump, is about to face a crucial token unlock, which will have a significant impact on the market. It is expected that on April 18 at 03:00 AM Turkey time (UTC+3), the project team will unlock approximately 320 million dollars worth of TRUMP tokens, accounting for 20% of the total supply. This unlocking action means that the market will see a large-scale token release, which could lead to price volatility.
Currently, the TRUMP Memecoin unlocks approximately 493,150 tokens daily, which is valued at around 3.94 million dollars based on the current market value. According to blockchain data, TRUMP's current market capitalization is 1.6 billion dollars, and the fully diluted valuation is close to 8 billion dollars. The maximum supply of TRUMP is 1 billion tokens, of which 200 million (20%) are already in circulation, while the remaining 800 million (80%) are still locked until the unlocking event occurs.
It is worth noting that the stock price of TRUMP Memecoin has plummeted by 84% from its peak before President Trump's inauguration on January 20 of this year. Although this memecoin once garnered widespread attention in the market, its current price is clearly not as strong as before. Data shows that user participation is also significantly declining, and the market interest in TRUMP Memecoin seems to be gradually cooling.
According to the latest blockchain data, the number of independent wallet holders of TRUMP Memecoin has decreased from 817,000 at launch to 637,000 today. The number of wallets holding over 1,000 dollars in TRUMP has also sharply dropped from 143,000 on January 19 to only 12,000 now. These figures undoubtedly reflect a waning interest among investors in TRUMP Memecoin.
Currently, it is unclear whether Trump or his team plans to cash out the unlocked tokens or if they will choose to continue holding these tokens. After the tokens are unlocked, if the team decides to sell them, it could put significant pressure on the market price. Given the large volume of unlocked tokens, the market may face a short-term surplus, which could further depress TRUMP's price.
On the other hand, the performance of TRUMP Memecoin is also compared to the trends of other memecoins. Many memecoins have gradually lost market interest over time after initial hype. For TRUMP Memecoin, how to maintain its market position after unlocking will be key to its survival and development. The project's response to market volatility post-unlock will, to some extent, determine whether TRUMP Memecoin can rebound and attract investor attention again.
In summary, TRUMP Memecoin faces two major challenges: first, the market pressure from token unlocks, which could lead to further price declines; second, investor confidence has significantly dropped, resulting in severe market participation shortfalls. If the project team can take effective measures, they may be able to regain some market confidence, but based on current trends, this process may be very difficult.
