US President Donald Trump’s meme coin, TRUMP, is facing pressure ahead of a major token unlock scheduled for April 18th. The project team will receive $320 million worth of tokens in this unlocking event, representing approximately 20% of the total supply. This release will occur at 03:00 Turkish time (UTC+3). 493,150 TRUMP tokens are being unlocked daily, generating roughly $3.94 million per day. As of today, the current market cap is at $1.6 billion with a fully diluted valuation estimated to be around $8 billion. However, only 200 million (20%) of the total supply currently available for trading can be used. The remaining 800 million tokens remain locked. TRUMP’s price has plummeted by 84% since reaching its peak just before Trump’s inauguration in January 2021. This drop coincides with a decline in user engagement. Data shows concerning trends regarding TRUMP token holders: the number of unique wallet holders has fallen from 817,000 at launch to 637,000 today. The total number of wallets holding over $1,000 worth of TRUMP has also dropped drastically from 143,000 on January 19 to just 12,000. It remains unclear whether Trump or his associates plan to sell the unlocked tokens. Please remember that this is not investment advice.