A significant unlocking of the Official Trump ($TRUMP) meme coin tokens has triggered alarm bells among investors, with concerns mounting about potential selling pressure. Around $300 million worth of tokens were unlocked on April 18th, increasing the circulating supply by 20%. The tokens were allocated to team members and the company CIC DIGITAL, owned by Donald Trump’s family-backed World Liberty Financial. The token was launched in January 2025 at $76.76 but has now lost over 90% of its value.
The unlock raises fears of a sudden sell-off, particularly with the token already experiencing significant price drops since its peak. The recent price increase of 30% over the last 30 days is also accompanied by bearish technical signals like a weakening RSI and MACD trend indicator. Daily unlocks will continue, adding to the inflationary pressure on the token’s value.
These massive releases are set to continue until January 2028, further contributing to downward price pressure. Despite the uncertainty regarding the $TRUMP token’s long-term viability, it currently boasts over 630,000 holders as per Solscan.io. Investors remain in a precarious position, waiting for answers about the team’s and CIC DIGITAL’s strategic decisions for the future of this token.
This news comes amidst ongoing market volatility as Fartcoin has experienced a substantial price surge recently.