Get ready, crypto watchers—this Thursday is shaping up to be a big one. A fresh batch of TRUMP memecoins—yep, that’s the token tied to former President Donald Trump—is about to hit the market. We’re talking 40 million coins being unlocked, giving early investors and insiders the green light to finally cash out. And naturally, folks are wondering: is this a sell-off moment, or a chance for the coin to flex its muscles?
From $14 Billion Hype to a 90% Nosedive—TRUMP Coin’s Wild Ride
Let’s rewind to January 17 when the TRUMP memecoin first dropped. It launched with a hefty supply of 200 million tokens and instantly exploded, hitting a whopping $14 billion market cap just two days later. Crazy, right? But as fast as it shot up, it crashed just as hard—losing nearly 90% of its value in a flash, according to CoinGecko.
Now, with another 40 million coins about to flood the market—on top of a planned billion-token supply over three years—the big question is: how will the price react this time around?
Could This Be a “Buy the Rumor, Dump the News” Moment?
This unlock could go either way. On one hand, we’ve seen big sell-offs after similar unlocks, where insiders dump their tokens for a quick buck. Dylan Bane, a researcher at Messari, says it’s always a risk. “Teams usually try to avoid bad headlines, but who knows what they’ll do behind the scenes,” he pointed out.
And get this—according to the TRUMP coin’s own site, groups like CIC Digital (linked to The Trump Organization) and another called Fight Fight Fight control a whopping 80% of these locked-up tokens. That’s serious power in a few hands. Bloomberg tried reaching out to CIC Digital, but so far—crickets.
The Trump Family’s Crypto Empire Is Nearing a Billion-Dollar Milestone
Even with short-term dips, the Trump family seems to be playing the long game. Their crypto footprint keeps expanding—NFTs, a DeFi project, a proposed stablecoin, and even a Bitcoin mining company called American Bitcoin. They’re covering all the bases.
Melania’s in on it too—she launched her own memecoin called MELANIA. Together, the family’s crypto portfolio is edging toward $1 billion in paper value. That’s no small feat in such a volatile market.
So, What’s the TRUMP Coin Worth Now?
At the time of writing, TRUMP is trading around $7.83. That’s down 30% over the past month and about 15% in the last two weeks. Still, it’s seen a slight uptick in the past week—about 3%—which lines up with broader market gains.
Edward Chin, a co-founder at Parataxis, suggests that if smart market makers are involved, the token’s price might not take a huge hit from this unlock—at least not right away. But in the long run, more supply usually means more downward pressure on price unless demand keeps up.
Bottom Line? Watch This Space
With the TRUMP token unlock looming, all eyes are on Thursday. Will early backers dump their stash and drag prices down, or will this be a non-event? Either way, it’s clear that the Trump family is betting big on crypto—and so far, the market can’t stop talking about it.