Here's a summary of recent news surrounding the "Trump coin" ($TRUMP):

* Token Unlock:

* A significant event is the scheduled unlocking of Trump meme coins. Specifically 40 million $TRUMP tokens. This release into the market is causing concern for investors.

* This token unlock represents a notable portion of the total supply, and historically, such unlocks can lead to downward pressure on the cryptocurrency's price.

* There is a three year schedule for the unlocking of 800 million of the total 1 billion trump coins.

* Price Volatility:

* The Trump coin has experienced significant price volatility, with a substantial drop from its initial high.

* There are reports of the coin having dropped roughly 90% from its all time high.

* The coin has experienced surges and drops in value, sometimes in response to social media posts from Donald Trump.

* Market Concerns:

* There are concerns about the potential impact of large token unlocks on the coin's value.

* There are also concerns about the large portion of the coins that are held by entities tied to the Trump organization.

* There are reports of wallets tied to the Trump coin, moving large sums of value to exchanges like Coinbase.

* Regulatory and Political Scrutiny:

* The Trump coin has drawn both market attention and political criticism, with lawmakers pushing for regulations.

* There is growing scrutiny of the coin, and Trumps involvement with it, due to the large amount of coins held by entities tied to him.

In essence, the Trump coin is facing a period of increased scrutiny and potential volatility, driven by large token unlocks and concerns over its market stability.#TrumpVsPowell $TRUMP