TRUMP Token to Experience Large-Scale Unlocking, with 12,000 Addresses Holding over $1,000

BlockBeats News, April 12, according to CoinDesk's report, Trump's meme coin TRUMP will see a large-scale token unlock next week, unlocking 40 million tokens on April 18. The project team will receive tokens worth $320 million, accounting for about 20% of the circulating supply. If the unlocked tokens are sold on the open market, the supply and liquidity ratio will be severely imbalanced, potentially putting further pressure on the price. Since its launch on January 18, the recent TRUMP token price has reached $7.14, with the current price at $8, a value decrease of 83% from its peak.

According to Dune data, the number of TRUMP token holders has decreased from 817,000 at launch to 637,000, and currently only 12,000 wallets hold over $1,000 worth of TRUMP tokens, a significant drop from the 143,000 wallets on January 19. Token unlocks are usually considered negative events, but sometimes the market may digest the expectations in advance, causing the price to drop to a new low before the unlock and slightly rebounding after the unlock. It is not yet certain whether the Trump team will sell the unlocked tokens on the open market, but if sold, it will put short-term pressure on the price. The 2% market depth indicator shows that the current liquidity level of $980,000 to $2 million cannot absorb the $320 million sell-off.

The meme coin craze is gradually fading, and the total market value of meme tokens has plummeted from $119 billion in December last year to the current $45 billion.