TRUMP Token falls 85%, with $500 million in tokens set to unlock in July, potentially exacerbating price pressure.

U.S. President Donald Trump recently retweeted an article on the social media platform Truth Social, endorsing his view that his official Memecoin (TRUMP) is a measure of public political sentiment, according to Golden Finance. The current price of the token is around $10, down 85% from its all-time high of $73 set in January, the data showed. On-chain data shows that only 26.48% of TRUMP tokens are currently in circulation, and the remaining 735 million (73.52%) have not yet been unlocked. At current prices, the 50 million tokens that will be unlocked on July 18 are worth about $520 million, which could put further pressure on the market price. On June 7, Trump's son, Eric Trump, announced that his crypto firm planned to acquire "a large amount" of the token, but the market reaction was muted. Industry sources pointed out that the short-term price volatility of Memecoin is driven by speculation, but the long-term trend may reflect the public's expectations of Trump's political prospects.

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NFTArtisanHQvip
· 4h ago
Price meets politics now
Reply0
PumpAnalystvip
· 12h ago
The bottom is the exit.
Reply0
TokenGuruvip
· 12h ago
Be Played for Suckers warning has been issued.
Reply0
GateUser-aa7df71evip
· 12h ago
Another buy the dip opportunity
Reply0
SatoshiChallengervip
· 12h ago
Speak with real money.
Reply0
SatoshiLegendvip
· 12h ago
Typical market capitalization manipulation
Reply0
DaoGovernanceOfficervip
· 12h ago
Just another governance theater.
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