Well now, on this fine April 18th, a fancy stash of about $300 million worth of them Official Trump ($TRUMP) meme coin tokens just got unlocked, and wouldn’t you know it, folks are startin’ to fret and fidget.
These here 40 million tokens amount to a full 20% boost in the tokens floatin’ around, all tucked away in wallets belonging to the team and that Trump-affiliated outfit called CIC DIGITAL.
As of now, neither the team nor CIC DIGITAL has been seen pawning off any of their fresh loot. Donald Trump and his posse haven’t let on what their grand scheme is with these shiny new tokens.
This big ol’ unlocking has folks worrying they’ll be sellin’ faster than a chicken with its head cut off, especially since this $TRUMP token done taken a nosedive—losing 90% of its value since peak January, when it strutted around at $76.76. It was cooked up by Donald Trump’s kin and their World Liberty Financial circus just this January 2025.
Right now, the token’s dancin’ around $7.72, having gained a meager 2.28% in the last day and over 30% in the past month — which might sound like a party until you peek at those grim technical signs like RSI and MACD, which are sayin’ bearish things, and it’s sittin’ below its fancy exponential moving averages, whatever those are.
But hold onto your hats, cause tomorrow marks the start of daily unlocks — about 500,000 tokens a day, worth ’round $3.75 million — tricklin’ out until July 17. Then comes July 18 with a whopper of 45 million tokens unlockin’ at once, and the drip-drip-drip of daily unlocks crawling on till January 2028.
That means this token is about as inflationary as a hot air balloon at a rodeo, keepin’ the price pressurized downward like a greased pig at a county fair.
Despite all this hullabaloo and questionable tokenomics, more than 630,000 folks still cling to their $TRUMP tokens according to Solscan.io — bless their souls. But truth be told, many of them are sittin’ mighty close to the edge, wonderin’ just what kind of mischief the team and CIC DIGITAL will stir up next.
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2025-04-18 17:42