US President Backed TRUMP Memecoin Faces Massive 50% Unlock This Week
The post US President Backed TRUMP Memecoin Faces Massive 50% Unlock This Week appeared on BitcoinEthereumNews.com. TRUMP memecoin is preparing for a significant token unlock worth $496.9 million. This event adds pressure to an already weak asset. The unlock comes after a long period of declining prices, which raises concerns about further drops. Will the US president backing save this memecoin from a sell-off? TRUMP Faces Its Largest Ever Unlock, Will Investors Dump the token? Millions in crypto assets are slated to be unlocked this week, but the biggest spotlight is on TRUMP. According to Cryptorank, this unlock is scheduled for July 18. The event will see roughly 50% of TRUMP’s circulating supply released into the market. Following that, around $210 million worth of tokens could be unlocked each month. Source: Cryptorank This unlock comes at a tricky time for the token. Since its rapid rise, which pushed prices above $40, TRUMP has now settled into a period of steady trading around the $10 mark. Some analysts see this level as a good buying opportunity, especially with the U.S. political season heating up and media attention returning to Trump. Adding to the intrigue, crypto figure Justin Sun recently announced he had purchased $100 million worth of TRUMP tokens. Sharing the news on X, Sun described TRUMP as “the future of crypto alongside the TRON blockchain.” His broader vision, he said, is to bridge communities like GetTrumpMemes and support projects that drive mainstream crypto adoption. Rumors suggest that Sun and Trump’s team might announce significant news just before the unlock. This could create a spike in prices due to hype, followed by a drop as people take profits. Some market watchers believe this pattern fits typical pre-event trends: a quick price rise driven by fear of missing out (FOMO), followed by a correction. What’s Ahead for TRUMP Price Despite Sun’s support and potential announcements, he large unlock…
The post US President Backed TRUMP Memecoin Faces Massive 50% Unlock This Week appeared on BitcoinEthereumNews.com.
TRUMP memecoin is preparing for a significant token unlock worth $496.9 million. This event adds pressure to an already weak asset. The unlock comes after a long period of declining prices, which raises concerns about further drops. Will the US president backing save this memecoin from a sell-off? TRUMP Faces Its Largest Ever Unlock, Will Investors Dump the token? Millions in crypto assets are slated to be unlocked this week, but the biggest spotlight is on TRUMP. According to Cryptorank, this unlock is scheduled for July 18. The event will see roughly 50% of TRUMP’s circulating supply released into the market. Following that, around $210 million worth of tokens could be unlocked each month. Source: Cryptorank This unlock comes at a tricky time for the token. Since its rapid rise, which pushed prices above $40, TRUMP has now settled into a period of steady trading around the $10 mark. Some analysts see this level as a good buying opportunity, especially with the U.S. political season heating up and media attention returning to Trump. Adding to the intrigue, crypto figure Justin Sun recently announced he had purchased $100 million worth of TRUMP tokens. Sharing the news on X, Sun described TRUMP as “the future of crypto alongside the TRON blockchain.” His broader vision, he said, is to bridge communities like GetTrumpMemes and support projects that drive mainstream crypto adoption. Rumors suggest that Sun and Trump’s team might announce significant news just before the unlock. This could create a spike in prices due to hype, followed by a drop as people take profits. Some market watchers believe this pattern fits typical pre-event trends: a quick price rise driven by fear of missing out (FOMO), followed by a correction. What’s Ahead for TRUMP Price Despite Sun’s support and potential announcements, he large unlock…
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