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"Trump Coin" is about to be unlocked: it will test market demand and increase Trump's wealth.
Odaily News A batch of Trump memecoins that are about to be unlocked this week will not only test the real demand in the Crypto Assets market but may also increase the net worth of the billionaire president by nearly 100 million dollars. According to the crypto research firm Messari, entities associated with Trump will begin to gain the right to sell 90 million of the Token starting Thursday. Calculating at a price of about 10.30 dollars per Token on Wednesday, the total value of the unlocked Tokens this week is close to 930 million dollars. The so-called "unlocking" means that early investors or insiders who were previously unable to sell due to internal regulations can now freely trade these Tokens. When first issued on January 17, about 200 million "Trump coins" were in circulation, and this unlocking will increase the circulating supply by 45%. According to analysis from the crypto risk modeling company Gauntlet, as of mid-June, Trump has made approximately 150 million dollars through the sales and trading of this coin. (Jin10)