Time is Running Out on Donald Trump’s TRUMP Memecoin: It Will Face a Major Token Unlock – Here’s the Date and Time

US President Donald Trump’s TRUMP memecoin is under pressure due to a major token unlock next week, during which the project team will be given $320 million worth of tokens, around 20% of the total supply. Token unlocking will take place on April 18th at 03:00 Turkish time (UTC+3). Memecoin is currently unlocking 493,150 TRUMP tokens daily, worth around $3.94 million per day. According to blockchain data, TRUMP’s current market cap is $1.6 billion, with a fully diluted valuation of around $8 billion. Of the maximum supply of 1 billion, 200 million tokens (20%) are currently available for use, while the remaining 800 million (80%) are locked. TRUMP is currently trading at $8, an 84% drop from its peak price just before Trump’s presidential inauguration on January 20. The sharp drop in price coincided with a significant drop in user engagement. All-time chart showing the huge decline in the TRUMP token. Related News: Two Senior Fed Officials Talk About Tariffs and the Possibility of Interest Rate Cuts Token holder metrics reveal a serious trend: Unique wallet holders dropped from 817,000 at launch to 637,000 today. The number of wallets holding more than $1,000 in TRUMP has fallen from 143,000 on January 19 to just 12,000. It remains unclear whether Trump or his associates plan to cash out the unlocked tokens. *This is not investment advice. Continue Reading: Time is Running Out on Donald Trump’s TRUMP Memecoin: It Will Face a Major Token Unlock – Here’s the Date and Time

Source: BitcoinSistemi