Meme coin enthusiasts are bracing themselves for one of the biggest meme coin unlocks ever, slated to happen later today. The 40 million Official Trump (TRUMP) coins to be poured into circulation today will increase the available supply by 20%, potentially resulting in another fragile moment in the president-themed meme coinโs price movement.
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Naturally, crypto market watchers are grabbing their popcorn to see what will happen as TRUMP coinโs three-month cliff unlock period nears completion. During the 90 days since launch, the political meme coin succumbed to an eye-watering 90% deficit, sliding down from a gargantuan $13 billion market cap on Trumpโs inauguration day.
Moreover, nearly $4.10 million TRUMP coins will be unlocked daily until mid 2028 starting from April 20, 2025. According to TRUMP coin tokenomics, the daily drip schedule takes effect on April 18, 2025 and will release 493.15K TRUMP coins to the foundational team per day.
Is the Official Trump Coin Plunging Below $5?
At launch, 20% of TRUMP coins were unleashed onto the markets, with 10% of it as provisional liquidity. The remaining 80% of the 1 billion max supply will be dished out over the time span of three years. These inflationary tokenomics have already contributed to the 90% TRUMP price plunge over the past 90 days, currently trading at $7.77, according to CoinGecko.
Donald Trump-decorated TRUMP coinโs plunge below $5 is plausible if the presidential meme coin fails to hold the $6.80 major demand territory. The price range between $6.80 and $7 is the ultimate test for short-term TRUMP coin price trend, as it also stands for the falling wedge base, according to crypto analyst Crypto Master 786.
Ultimately, the meme coinโs movement can be as unpredictable as the United States President himself. Traders like 0xTardio expect to see short pumps ignited by bullish events like the 90-day global tariff pause, but exercise caution due to the giant TRUMP token unlocks.
On The Flipside
- All political meme coins are heavily in the red this year, with the political meme coin niche taking a hit of 82% in market capitalization in 3 months.
- Since the all-time peak of $10B market cap on January 22, 2025, the PolitiFi section got battered by the bears to a $1.8B market cap today.
Why This Matters
Memecoins entering the political scene have bridged the gap between crypto and political events, but also imposed unprecedented challenges for crypto traders due to risk exposure.
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