TRUMP Memecoin's $300M+ Unlock Is ‘One to Watch’: Analyst
TRUMP, the official memecoin from U.S. President Donald Trump, will see a scheduled token unlock later this week, according to data from Tokenomist.
Around 40 million TRUMP tokens — 20% of the token’s circulating supply — worth approximately $314 million at current prices, will be released on April 17. This token supply unlock will be the second since the memcoin’s launch in January.
The president’s memecoin has a maximum supply of 1 billion tokens, and tokens are allocated to three main groups: 80% for the project’s creators and CIC Digital — a Trump-owned entity — 10% for liquidity, and 10% for public distribution, per the project’s official website.
Currently, only 20% of the Official Trump token is unlocked, with the remaining 80% still out of circulation.
The unlock effect
Historically, token unlocks have caused the price of the asset in question to dip 90% of the time, per data from Keyrock. This is due to the sudden influx of tokens in the market, causing supply to surpass demand.
TRUMP was launched on Jan. 18 to much surprise and controversy across the global financial ecosystem. The token’s price experienced a meteoric rise after its launch, hitting an all-time high of $72.62 on Jan. 19, before crashing down to $31.61, following backlash and the launch of MELANIA, the First Lady’s own official memecoin. The TRUMP price hasn’t quite recovered since then and is currently trading just below $8, per CoinGecko data.
TRUMP is down nearly 2% over the last 24 hours, amid choppy markets more broadly. The token is down nearly 90% from its all-time-high.
"The upcoming unlock of TRUMP tokens is definitely one to watch. There’s clear potential for sell pressure, but how it plays out will ultimately depend on a few key factors,” Mena Theodorou, co-founder at crypto exchange Coinstash, told The Defiant in comments, adding:
“Large unlocks like this are usually well telegraphed, which gives traders time to position in advance. That often reduces the shock to the market. It also gives the TRUMP team an opportunity to manage the narrative, whether through announcements, partnerships, or fresh incentives. I wouldn’t be surprised if we see a strategic update or news event from TRUMP’s team around the same time as this unlock.”
Commenting on the impact of the memecoin’s unlock given the broader market context, Theodorou noted:
“Broader market sentiment will be just as important. If the unlock coincides with a strong uptrend or aligns with positive momentum from Trump and his pro-crypto stance, it could help absorb the extra supply and soften any downside pressure. It’s a tricky one to call ahead of time, and no doubt traders and investors will be keeping a close eye on how it unfolds."
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