TRUMP token unlock scheduled for April 18th, potentially releasing 40 million tokens valued at $320 million

A substantial unlock of the "TRUMP" meme coin is scheduled for April 18th. Approximately 40 million TRUMP tokens, valued at around $300 million, are set to be released. By Zach Williams.

A significant portion of the "TRUMP" meme coin is set to unlock on April 18th. Approximately 40 million TRUMP tokens, valued at around $321 million, will be released on that day, marking a substantial event in the cryptocurrency domain.

The token unlock will increase the circulating supply, which could factor into a decline in the token's price. Additionally, there are concerns about potential selling pressure from the unlocked tokens, which could further impact the token's value. The amount of tokens being released is a large percentage of the currently circulating supply, making the event even more noteworthy.

The TRUMP meme coin has already experienced significant volatility, with a peak price of over $11 and a subsequent drop to around $7. The upcoming unlock adds to investor concerns regarding the token's stability. The token unlock is also a part of a larger trend, with several other crypto projects set to experience token unlocks that week, amounting to a total of over $1 billion in unlocks.

Furthermore, there are concerns regarding the token holders, with the amount of wallets holding large amounts of the token decreasing significantly. This suggests that some investors may be planning to sell their holdings, which could put additional downward pressure on the token's price.

In essence, the upcoming TRUMPtoken unlock is a substantial event that has the potential to cause further volatility in the t-oken's price. Investors will be closely watching the developments to gauge the impact on the token's value and the broader market.