😱🤑The upcoming $300M token unlock for the Official Trump ($TRUMP) meme coin could spell major turbulence for investors. On Friday, 40 million tokens—valued at over $305 million—will be released into circulation, increasing the total supply by 4% and the circulating supply by a staggering 20%.
Currently trading at $7.62, $TRUMP is down 90% from its January peak of $76.76 and has already dropped 26% in April. The unlocked tokens, primarily allocated to team wallets and Trump-affiliated groups, could trigger a sell-off, adding further downward pressure.
Technical indicators such as the MACD, RSI, and EMAs point to ongoing bearish momentum. However, a potential double-bottom pattern around the $7.40 support level could spark a reversal—if the market can absorb the supply shock.
Investor sentiment is also being dragged down by uncertainty surrounding the ongoing US-China trade war and the 90-day tariff pause.
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