TRUMP token unlock sparks concerns after 30% price drop
TRUMP token prepares for major unlock
According to crypto tokenomics data aggregator Tokenomist, 40 million TRUMP tokens will be unlocked on April 18, hitting the open market.
This amount represents about 20% of the memecoin’s current circulating supply (199 million TRUMP) and roughly 4% of the total max supply (nearly 1 billion tokens).
Token unlock events are typically considered bearish signals, as they increase supply and potentially intensify selling pressure.
The timing of this unlock also raises concerns. TRUMP is currently trading at $8.41, just 11% of its all-time high of $75.35, which it reached on January 19, the day after Donald Trump’s inauguration.
Trump’s crypto alter ego and trade war fallout
Like most digital assets, TRUMP has suffered amid the escalating trade war that began when Trump signed an executive order imposing tariffs on all imported goods in an effort to protect U.S. manufacturing.
Over the past month, the memecoin has lost more than 30% of its value. However, compared to its initial launch price of $1.21, the current situation still reflects significant gains.
Price dynamics of the TRUMP token for 30 days. Source: CoinMarketCap
At today’s prices, the April unlock represents over $336 million in potential liquidity. Some holders may be tempted to sell in anticipation of reaccumulating at lower prices.
Still, not all analysts are bearish. Crypto trader Ali Martinez told his 134,800 followers on X that TRUMP may be gearing up for a bullish reversal based on the Tom DeMark (TD) Sequential indicator on the weekly timeframe.
As we wrote, after his re-election in 2024, U.S. President Donald Trump significantly expanded his involvement in the cryptocurrency sector. His cryptocurrency initiatives, combined with his political influence, have sparked both enthusiasm and disapproval. This is especially true after his family acquired 60% of the shares in World Liberty Financial.
