TRUMP (TRUMP) memecoin unlocks 40 million tokens, worth around $300 million-web3.0-php.cn

TRUMP (TRUMP) memecoin unlocks 40 million tokens, worth around $300 million

Apr 19, 2025 am 11:30 AM

The TRUMP memecoin has gained significant popularity on the Solana network primarily due to its direct affiliation with the U.S. President Donald Trump.

TRUMP (TRUMP) memecoin unlocks 40 million tokens, worth around 0 million

The Trump memecoin (TRUMP) unlocked 40 million tokens, worth approximately $300 million on Friday, April 18.

What Happened: The first tranche of 36 million TRUMP tokens, which equals 18 percent of the released supply, went to creators and CIC Digital 1. The second tranche of 4 million TRUMP tokens, which equals around 2 percent of the released supply, went to creators and CIC Digital 4.

The TRUMP token release follows the 18th of January 2023, 200 million token unlock, worth about $1.5 billion.

The Trump memecoin has a circulating supply of about 250 million and a maximum supply of 1 billion.

The memecoin, which is popular on the Solana (CRYPTO: SOL) network, is directly linked to the former president.

The mid-cap memecoin, which has a fully diluted valuation of about $7.66 billion and a 24-hour average trading volume of about $278 million, has been caught in a multi-week falling trend.

The latest TRUMP token unlock will put pressure on bullish sentiment in the near term as the dilution from the early investors increases.

Technical Analysis: From a technical analysis perspective, TRUMP price is well-positioned for a bullish rebound in the coming weeks. If Bitcoin (BTC) price leads the wider altcoin market to mirror the gold price action, then TRUMP price is likely to rebound to form a new rising trend.

In the four-hour timeframe, TRUMP price, against the U.S. dollar, has been forming a reversal pattern characterized by a triple bottom at around $4.8, coupled with bullish divergence of the Relative Strength Index (RSI).

A consistent close above the 50-day Simple Moving Average (SMA) will trigger a rally toward the next liquidity range between $9 and $10.

However, if the bears push lower, then a break and close below the $4 support is needed to negate the triple bottom pattern and increase the chances of a steeper decline.

The post Trump Memecoin (TRUMP) Token Price Surging After Billions Unlocked appeared first on Benzinga.com.

News data source: kdj.com

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