Trump Memecoin: 40M Tokens Set to Unlock—Will the Price Tank Again?

The cryptocurrency community is on edge as Donald Trump's memecoin, TRUMP, faces a significant token unlock that could send shockwaves through the market.

Donald Trump's memecoin, TRUMP, is set for a major token unlock that could have huge implications for the cryptocurrency market.

The cryptocurrency community is buzzing with anticipation—and dread—as a significant token unlock event for Donald Trump’s memecoin, TRUMP, looms large.

The coin, which was launched just ahead of Trump’s second presidential inauguration, burst onto the scene earlier this year with a brief surge to $14 billion in value. However, the hype quickly fizzled out, and TRUMP’s price collapsed by nearly 90% in the ensuing weeks as early investors sold.

Now, the planned release of 40 million additional tokens on April 18 at 09:00 Turkish time (UTC+3) is fanning fears of more volatility. These tokens are being allocated to entities said to be linked to Trump, including CIC Digital LLC, Fight Fight Fight LLC, and more. Together, these groups hold about 80% of the tokens that will be unlocked, according to the project’s official website.

This upcoming release will add to the 200 million tokens already in circulation, with plans to increase the total supply to 1 billion over the next three years.

As the situation unfolds, traders and investors are keenly following the developments, especially those with positions in TRUMP or other memecoins. Many are contemplating whether to sell out or hold strong in the face of the uncertainty.

The broader crypto market will also be watching to see how this unlock impacts market sentiment and pricing. Memecoins, in particular, are known for being driven by speculation and social buzz on platforms like Telegram and Twitter.

Earlier this year, TRUMP experienced a meteoric rise, becoming one of the fastest coins to hit a $1 billion market cap. At its peak, the coin's valuation soared to $14 billion, fueled by a viral campaign on social media. However, the rally was short-lived, and the coin's price collapsed by 87% within a three-week period as early investors took profits.

The token unlock event will see 40 million new tokens released from their private placement. These tokens are being allocated to entities reportedly connected to Trump, including CIC Digital LLC, Fight Fight Fight LLC, HP Production LLC, and JWB Capital LLC. Together, these groups control approximately 80% of the tokens set to be unlocked.

The remaining 20% of the unlocked tokens will go to entities involved in the TRUMP token launch, such as MetaBlast, LLC and Still Capital.

The TRUMP tokens are planned to be unlocked in Turkish time, which is UTC+3.

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