TRUMP tokens will be unlocked next week, worth about $320 million

Trump's meme coin TRUMP will face a massive token unlock next week, with 40 million tokens to be unlocked on April 18. The project team will receive tokens worth $320 million, approximately 20% of the circulating supply. If the unlocked tokens are sold on the open market, the supply and liquidity ratio could be severely imbalanced, potentially putting further pressure on the price. Since its launch on January 18, the TRUMP token price has reached $7.14, with the current price at $8, representing an 83% decline from its peak. The number of TRUMP token holders has dropped from 817,000 at launch to 637,000, with currently only 12,000 wallets holding over $1,000 in TRUMP tokens, a significant decrease from 143,000 on January 19. (CoinDesk)