Trump's official memecoin has seen a significant increase in value despite unlocking $320 million amid weak holiday trading.
While the value has risen, the token is still 88% below its all-time high, with investors suffering a total loss of $2 billion.
Francisco Rodriguez | Edited by Cheyenne Ligon on April 19, 2025, 2:56 PM
Basic information:
- Donald Trump's meme coin TRUMP has surged more than 9% in the last 24 hours after $320 million worth of the token was unlocked.
- Unlocking the token could lead to a significant sell-off due to low liquidity: data shows that just $1.3 million can move the price by 2% on major exchanges.
- There are currently 636,000 TRUMP token holders, with only 12,285 wallets holding more than $1,000 worth of cryptocurrency.
- There are rumors of a possible event for large token holders, although these claims are unconfirmed and speculative.
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.
