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320 Million Unlock on TRUMP Meme Coin: A Collapse May Happen on This Date! - Coin Bulletin
Donald Trump's meme coin TRUMP may create significant liquidity pressure with the unlocking of $320 million worth of tokens on April 18, which could lead to further price declines.
Donald Trump's meme coin TRUMP will unlock approximately 40 million tokens worth 320 million dollars on April 18th. This situation could create significant pressure on token prices.
The TRUMP token launched in January has experienced a %83 loss in value since then and is currently trading at around 8 dollars. During this process, investors have lost a total of 2 billion dollars. The release of 40 million tokens, which constitutes %20 of the token supply, could create a significant liquidity issue in the market.
The unlocking of tokens is often seen as a negative event that leads to a decline in prices. An increase in supply can cause prices to fall if not met by demand. According to Dune Analytics data, the number of wallets holding TRUMP token has decreased from 817,000 to 637,000. Additionally, the number of wallets holding more than 1,000 dollars of TRUMP has significantly decreased since January.
Market decline expectations
The sale of TRUMP's tokens could lead to a serious liquidity crisis in the market. This situation may cause the price of the token to fall and lead to further losses for investors. Meme coins are typically traded with short-term speculation, so it would not be surprising if such tokens create significant volatility in the market.