President Trump’s Memecoin Set for $341 Million Token Unlock
- 40 million TRUMP tokens will be unlocked on April 18th, valued at approximately $341 million.
- The unlock represents about 20% of the current circulating supply of 199 million TRUMP tokens.
- TRUMP has a market cap of $1.69 billion and a fully diluted valuation of $8.48 billion.
- The token unlock is often seen as bearish due to increased supply and potential sell pressure.
- Analyst Ali Martinez suggests a bullish reversal based on the TD Sequential indicator, with key support at $7.13.
The upcoming release of 40 million TRUMP tokens, worth around $341 million, accounts for roughly 20% of its circulating supply, potentially impacting market dynamics.
Source (2.6)https://dailyhodl.com/2025/04/14/president-trumps-memecoin-braces-for-341000000-token-unlock-after-three-month-downtrend/?rand=59076
