Can the TRUMP Meme Coin Sustain Its Momentum in April?

The TRUMP token, a Solana-based memecoin linked to US President Donald Trump, has recorded a daily trading volume surpassing $1 billion after a shoutout from Trump.

The TRUMP token, a Solana-based memecoin linked to US President Donald Trump, has seen daily trading volume exceed $1 billion following a shoutout from Trump himself.

This surge in volume highlights Trump’s enduring influence in the cryptocurrency domain.

However, an analysis of price data reveals that investors have grown skeptical and are no longer as enthusiastic about the token as they were at launch.

Trump’s Shoutout Boosts TRUMP Token Volume

The recent spike occurred shortly after Trump posted about the token on TruthSocial on March 23.

“I LOVE TRUMP — SO COOL!!! The Greatest of them all!!!!!!!!!!!!!!!!,” Trump remarked.

Expressing his enthusiasm for the token, Trump’s post drove up the token’s price by 10%. It is now trading around $11.8, with daily trading volume exceeding $1 billion—double the average of previous days, according to BeInCrypto data.

Despite this price increase, the token has declined by 85% from its all-time high of $77. The decline indicates waning enthusiasm among investors.

Furthermore, some investors are concerned about a return of selling pressure in April as a large amount of TRUMP tokens are set to be unlocked.

40 Million TRUMP Tokens to Unlock in April

According to Cryptorank data, 40 million TRUMP tokens will be unlocked starting April 18. This portion accounts for 4% of the total supply and is valued at over $472 million. Afterward, at least half a million TRUMP tokens will enter circulation daily, continuing until the end of 2027.

This unlocking process may intensify selling pressure and lower expectations among retail investors.

“Trump is shilling TRUMP coin on Truth Social… Seems like they are grabbing some exit liquidity before the unlock.” – Investor HENRI.SOL commented.

Last month, the TRUMP meme coin celebrated its one-month anniversary with an airdrop for supporters. However, this campaign failed to stop the token’s continuous decline amid the broader meme coin market downturn since the beginning of the year.

President Donald Trump launched the TRUMP token on January 17, 2025. It initially captured the crypto community’s attention, reaching a peak market capitalization of $15 billion just two days after launch.

Besides the TRUMP token, his wife also introduced a token named MELANIA. A Chainalysis report revealed that 94% of TRUMP and MELANIA tokens are controlled by just 40 wallets, highlighting a highly concentrated distribution among whales.