The TRUMP token, a Solana-based memecoin linked to US President Donald Trump, has recorded a every day buying and selling quantity surpassing $1 billion after a shoutout from Trump.
This surge in quantity displays Trump’s affect within the cryptocurrency area. Nonetheless, worth information means that traders have grown skeptical and are not as enthusiastic in regards to the token as they had been at launch.
Can the TRUMP Meme Coin Maintain Its Momentum in April?
The current spike occurred proper after Trump posted in regards to the token on TruthSocial on March 23.
“I LOVE TRUMP — SO COOL!!! The Best of all of them!!!!!!!!!!!!!!!!,” Trump declared.
Trump’s enthusiastic endorsement drove the token’s worth up by 10%. It’s now buying and selling round $11.8, with every day buying and selling quantity exceeding $1 billion—double the typical of earlier days, in response to BeInCrypto information.
Regardless of this worth improve, the token continues to be down 85% from its all-time excessive of $77. The decline displays waning investor enthusiasm.
Moreover, some traders worry that promoting strain will return in April as a considerable amount of TRUMP tokens are set to be unlocked.
In keeping with Cryptorank information, 40 million TRUMP tokens will probably be unlocked beginning April 18. This accounts for 4% of the full provide and is valued at over $472 million. After that, at the least half 1,000,000 TRUMP tokens will enter circulation every day, persevering with till the top of 2027. This unlocking course of could intensify promoting strain and decrease expectations amongst retail traders.
“Trump is shilling TRUMP coin on Reality Social… Looks as if they’re grabbing some exit liquidity earlier than the unlock.” – Investor HENRI.SOL commented.
Final month, the TRUMP meme coin celebrated its one-month anniversary with an airdrop for supporters. Nonetheless, this marketing campaign did not cease the token’s steady decline amid the broader meme coin market downturn because the starting of the yr.
President Donald Trump launched the TRUMP token on January 17, 2025. It initially captured the crypto neighborhood’s consideration, reaching a peak market capitalization of $15 billion simply two days after launch.
Moreover the TRUMP token, his spouse additionally launched a token named MELANIA. A Chainalysis report revealed that 94% of TRUMP and MELANIA tokens are managed by simply 40 wallets, highlighting a extremely concentrated distribution amongst whales.
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