In recent days, the market focus has gradually shifted to the unlocking of 40 million TRUMP coins on April 18, accounting for 20% of the circulating supply, valued at approximately $320 million.

Generally speaking, unlocking events are usually seen as bearish, especially when the amount unlocked accounts for a high proportion of the circulating supply. The unlocking volume of TRUMP coins is as high as 20%. If the team chooses to sell off, market liquidity may struggle to absorb it, leading to further price pressure.

Since the launch of TRUMP coins on January 18, the price has shrunk by 90% from its peak, with the current trading price around $7.7. Market sentiment has reacted strongly to the unlocking of TRUMP coins, especially considering the gradual retreat of the meme coin craze, which has led to a cautious overall market sentiment.

From a market depth perspective, the current liquidity level (approximately $980,000 to $2 million) cannot effectively absorb the selling pressure of $320 million. If the price falls below key support levels (such as $7), it may trigger further sell-offs.

The price may face short-term pressure after unlocking, but attention should be paid to the market's absorption capacity. If the team chooses to release liquidity in batches, the price may gradually stabilize. Conversely, if there is a concentrated sell-off, TRUMP coins could drop to $1 or even lower.

The project team still holds $120 million worth of TRUMP, which will continue to unlock over the next 24 months, posing long-term selling pressure like the sword of Damocles.

However, on-chain data shows that two new wallets recently splurged $5 million USDC to scoop up 630,000 TRUMP coins at an average price of $7.93, possibly betting on a 'bearish rebound'.

Which direction will the market ultimately take?

Everyone need not over-interpret this; the market will soon provide an answer. For friends who want to participate tomorrow, just be quick to react and respond timely. After all, as long as you choose the right direction, both bulls and bears can profit.

#TRUMP币 #meme币 #代币解锁