According to the latest update, on April 18, memecoin TRUMP will proceed to unlock tokens worth approximately 300 million USD, accounting for about 20% of the current total circulating supply. This is predicted to be an important event that could cause significant price fluctuations in the market.
Within the next 90 days, approximately 1.5 billion USD worth of $TRUMP will be unlocked. The large-scale unlock in the context of a crypto market with low liquidation, combined with $TRUMP being primarily a meme token without clear intrinsic value, further increases the risk of significant price volatility.
Notably, in just the past 48 hours, the development team related to the $TRUMP project has withdrawn approximately 2.9 million USD worth of $TRUMP and 4.6 million USD in USDC. Subsequently, the entire 4.6 million USDC was deposited on the Coinbase exchange, a move that raises concerns that these assets may be sold on the market, creating additional downward price pressure for $TRUMP in the coming days.
With these factors, the investor community needs to pay special attention to the volatility of $TRUMP in the upcoming period, especially after the large-scale unlock tomorrow.
