Trump’s official memecoin has seen a significant increase in value despite unlocking $320 million amid weak holiday trading.
Francisco Rodriguez | Edited by Cheyenne Ligon on April 19, 2025, 2:56 PM
TRUMP, the meme coin associated with US President Donald Trump, has surged more than 9% in the past 24 hours after $320 million worth of the token was unlocked. The current price is around $8.40, still well below its peak of over $71 on January 18.
The recent unlocking could create new problems for investors, who are estimated to have lost a total of $2 billion after purchasing the token earlier this year.
Unlocking tokens typically increases supply in the market and tends to drive prices down. However, in this case, the market appears to have priced in the release, which may explain the price increase. However, unlocking $320 million increases the risk of a major sell-off, especially given the low liquidity of the TRUMP token.
Just $1.3 million could move the token’s price by 2% on major exchanges, according to CoinMarketCap. The move also comes during the Easter weekend, when trading volumes are low and price swings can be more noticeable.
Rumors are circulating on social media about a possible event for major token holders, allegedly hosted by Trump himself. These claims remain unverified and highly speculative.
According to Dune analytics, there are currently 636,000 TRUMP token holders on the network, and only 12,285 wallets have more than $1,000 worth of cryptocurrency.
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