 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
Cryptocurrency News Articles
TRUMP (TRUMP) memecoin unlocks 40 million tokens, worth around $300 million
Apr 19, 2025 at 05:09 am
The TRUMP memecoin has gained significant popularity on the Solana network primarily due to its direct affiliation with the U.S. President Donald Trump.
The Trump memecoin (TRUMP) unlocked 40 million tokens, worth approximately $300 million on Friday, April 18.
What Happened: The first tranche of 36 million TRUMP tokens, which equals 18 percent of the released supply, went to creators and CIC Digital 1. The second tranche of 4 million TRUMP tokens, which equals around 2 percent of the released supply, went to creators and CIC Digital 4.
The TRUMP token release follows the 18th of January 2023, 200 million token unlock, worth about $1.5 billion.
The Trump memecoin has a circulating supply of about 250 million and a maximum supply of 1 billion.
The memecoin, which is popular on the Solana (CRYPTO: SOL) network, is directly linked to the former president.
The mid-cap memecoin, which has a fully diluted valuation of about $7.66 billion and a 24-hour average trading volume of about $278 million, has been caught in a multi-week falling trend.
The latest TRUMP token unlock will put pressure on bullish sentiment in the near term as the dilution from the early investors increases.
Technical Analysis: From a technical analysis perspective, TRUMP price is well-positioned for a bullish rebound in the coming weeks. If Bitcoin (BTC) price leads the wider altcoin market to mirror the gold price action, then TRUMP price is likely to rebound to form a new rising trend.
In the four-hour timeframe, TRUMP price, against the U.S. dollar, has been forming a reversal pattern characterized by a triple bottom at around $4.8, coupled with bullish divergence of the Relative Strength Index (RSI).
A consistent close above the 50-day Simple Moving Average (SMA) will trigger a rally toward the next liquidity range between $9 and $10.
However, if the bears push lower, then a break and close below the $4 support is needed to negate the triple bottom pattern and increase the chances of a steeper decline.
The post Trump Memecoin (TRUMP) Token Price Surging After Billions Unlocked appeared first on Benzinga.com.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
- Bitcoin (BTC) Miners Are Earning $45 (PH/s) Based on Data from the Hashprice Index. This Is the Lowest Level the Index Has Seen in the Past Five Years.
- Apr 22, 2025 at 08:15 am
- Bitcoin is trading near $86,897, but after last April's halving, the income for BTC miners has fallen sharply. The hashprice, which stands for revenue per petahash, is stuck at around $45 PH/s, the lowest level in the past five years.
-
-
- Bitcoin (BTC) price surged past $87K, whale wallets hit 4-month high, and CME gap fill points to more upside.
- Apr 22, 2025 at 08:10 am
- Bitcoin (BTC) price surged above $87,000 on Apr. 21, breaking out of a consolidation phase that began in early March. The move came after BTC rose more than $3,000 in a single day, reaching its highest level since Mar. 28.
-
-
-
-
-
-
