The large-scale unlocking of $TRUMP tokens is coming soon, and it is expected to have a significant impact on the market.
According to the latest reports, the Oak team will unlock 40 million tokens on April 18, worth approximately $320 million, accounting for 20% of the circulating supply. Since the token was launched, the price of TRUMP has fallen by 83%, a trend that reflects the market's declining confidence in the token.
The number of holders has also significantly decreased, from 817,000 to 637,000, with only 12,000 addresses holding more than $1,000.
Such large-scale unlocks are usually seen as bearish news, especially given the current low liquidity levels in the market, and it is expected to face strong selling pressure.
If the unlocked tokens are quickly sold into the market, it will lead to a severe imbalance between supply and demand, further driving down prices.
Although the market may preemptively digest this bearish news, causing a price drop before the unlock, there is still a possibility of a short-term rebound after the unlock, especially if the Trump team chooses not to sell these tokens immediately.
Meanwhile, the total market capitalization of meme coins has dropped from $119 billion in December last year to $45 billion, and market sentiment has become cautious. Therefore, investors need to remain vigilant at this time and closely monitor the market movements of TRUMP tokens and the price reactions after the subsequent unlock to formulate appropriate investment strategies.
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