#TRUMP #TrumpInPump #TrumpMemecoins
Trump’s TRUMP Memecoin Jumps 9% After $320M Token Unlock, But Risks Remain
Donald Trump's official memecoin, TRUMP, surged over 9% in the last 24 hours despite a massive $320 million token unlock. The price now sits at around $8.40, still down more than 88% from its all-time high of over $71 in January.
Token unlocks usually increase supply and pressure prices, but in this case, the market may have anticipated the move. However, TRUMP’s thin liquidity means the risk of a sell-off remains high—just $1.3 million in trading could shift the price by 2%.
The timing during the Easter holiday weekend, when trading is lighter, could also amplify volatility.
Currently, there are 636,000 TRUMP holders, but only around 12,285 wallets hold more than $1,000 worth. Investors have reportedly lost about $2 billion since buying into the token earlier this year.
Speculation on social media hints at a possible exclusive event for major holders, allegedly linked to Trump, but these rumors remain unconfirmed.