President Trump’s official memecoin (TRUMP) is about to go through a massive token unlock worth about $341 million.
According to crypto tokenomics data aggregator Tokenomist, 40 million TRUMP tokens will be unlocked on the open market on April 18th.
With 199 million TRUMP tokens currently in circulation, the unlock represents about 20% of the memecoin’s circulating supply.
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TRUMP currently has a market cap of $1.69 billion and a fully diluted valuation (FDV) of $8.48 billion.
Token unlocks are often considered bearish for crypto assets, given that new supply will soon be available and sell pressure may be higher.
Like most digital assets, TRUMP suffered recently following the escalation of the president’s trade war, starting when he signed an executive order that slapped tariffs on all
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