The United States President Donald Trump’s signature meme coin Official Trump (TRUMP) has succumbed to a mind-blowing loss of 90% since January 19, 2025. However, the drastic downward price swings didn’t stop TRUMP coin from finding its floor at $7.46, using the major demand zone as the base for a 7.6% 7-day rally.
Did Official TRUMP Coin Finally Hit The Bottom?
Presently, many crypto analysts are marking April’s lows as the bottom, expecting an upward move to a double-digit TRUMP price if it sustains above $8.76. This was pointed out by the popular Turkish crypto analyst Master Finans to his 98.2K followers on X, highlighting the fact that TRUMP price bounced off the $7.46 territory twice this month.
However, huge crypto names like Binance and Meteora take completely opposite stances on their strategy in regards to the Official Trump (TRUMP) coin, latest on-chain records show. Meteora, a liquidity provider and a dynamic liquidity market maker (DLMM) on Solana (SOL), notched over $1.8 million in TRUMP coins, according to Arkham Intelligence.
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Meanwhile, Binance has indulged themselves in a $2 million TRUMP coin sell-off, even though the crypto behemoth still holds a considerable amount of TRUMP coins. Despite the difference in direction among large crypto entities, unlocks remain an issue for all holders.
Certainly, there’s still a large portion of TRUMP tokens to be unleashed over the next three years. Scheduled to release $4.24 million, or 493.15K TRUMP coins into circulation daily, this will continue till mid 2028. Originally, the presidential meme coin kicked off with 200M TRUMP tokens at hand on launch day, towering to a $73.43 record on Inauguration Day.
Despite the TRUMP coin drip schedule being transparent about the inflationary tokenomics, market reaction remains unclear as only 19.9% of all minted TRUMP coins is currently in circulation. Presently, market watchers are closely monitoring the $8.76 level, which could be flipped into support if the bullish momentum goes on.
On The Flipside
- Retail market participants and most crypto heavyweights are in two minds about TRUMP coin’s sustainability after the waned interest in the PolitFi meme coin niche, dropping over 80% of its once $10 billion market cap in three months.
- However, Trump Media, the parent company behind Truth Social, inked a deal with Crypto.Com, the second largest American crypto exchange to collaborate on crypto exchange-traded funds (ETFs) prioritizing American crypto products.
Why This Matters
The government’s involvement in harnessing blockchain technology has enhanced the adoption process, but also imposed new challenges, such as lack of investor protection.
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