$TRUMP’s price has dropped significantly, and the token unlock worsens the situation
Five hours ago, U.S. President Donald Trump unlocked 40 million $TRUMP tokens, valued at roughly $300 million, according to BlockBeats. This significant release accounts for 20% of the meme coin’s total circulating supply, sparking buzz in the crypto community. The Solana-based token, backed by Trump’s celebrity status, benefits from daily linear release of some 493,000 tokens valued at nearly $4.12 million, making it even more dynamic.
The unlock is part of the coin’s strategy to gradually raise its circulating supply from 200 million to 1 billion tokens, as reported. The shift has generated hype and volatility, with investors eagerly monitoring as the added supply influences $TRUMP’s price, trading as high as $73 before it plunged to less than $5. Trump’s celebrity status generates hype for $TRUMP, combining crypto speculation with political fandom.
TRUMP’s market cap fluctuates at the moment, reflecting the speculation surrounding the token. X is abuzz, with some labeling the unlock as adventurous and others wary of pressure on the price. Trump’s coin continues to make the headlines, so whatever happens to it next is an exercise in high-level meme coin madness.
