Trump’s Memecoin Faces Major Price Drop Amidst Token Unlock

Donald Trump’s memecoin, TRUMP, is facing a significant price drop of 83% since its launch, and is set for a $320 million token unlock. This upcoming event is raising concerns about the token’s stability in an already volatile market. The release of this large amount of tokens into the market could exacerbate the decline by increasing supply and potentially leading to selling pressure that lowers prices further. The TRUMP token has seen decreased trading volume, a shrinking holder base, and shallow liquidity due to the price drop, all indicators of an uncertain future for the memecoin.