- So, the TRUMP price has nosedived 90% from its peak just three months ago. Yes, 90%. That’s not a slip, it’s a dive worthy of Olympic recognition.
- And now, they’re dropping more tokens on us, just to keep that “bullish sentiment” feeling about as real as a unicorn in a kebab shop.
Official Trump (TRUMP) memecoin decided to do the classic “let’s unlock 40 million tokens,” worth about $300 million, just last Friday. Because who doesn’t love dumping a truckload of tokens on the market when everyone’s already feeling seasick? Out of that, 36 million tokens—18% of the released batch—were handed straight to the creators and this mysterious CIC Digital 1. Ooooh, sounds exclusive!
The other 4 million? Carefully parceled to creators and CIC Digital 4. Because why not make it sound like a secret society?
Oh, and just to keep the party rolling, this is following a January generosity spree of 200 million tokens worth $1.5 billion. No big deal, just casual billion-dollar token drops like you drop your phone on your face at 3AM.
Long story short, TRUMP’s got about 250 million tokens circulating now, out of a max supply of 1 billion. That’s a lot of potential disappointment packed in one meme.
What This Token Unlock Means, If You’re Still Paying Attention
The TRUMP memecoin is popular on Solana mostly because it’s named after the former U.S. president. Shocking, right? Worth about $7.66 billion fully diluted, with a daily trading volume that could make you think it’s important—$278 million—but hey, it’s been sliding for weeks like it forgot which way was up.
With this fresh unlock, expect bullish hopes to crumble faster than my patience during a Zoom meeting, because early investors are diluting the place like it’s salad dressing.
Technically speaking (yeah, I’m throwing jargon here to sound fancy), TRUMP’s price might just bounce back if Bitcoin decides to start acting like the golden child of the crypto world again. So if BTC gets its mojo, TRUMP might tag along like a confused puppy chasing a squirrel.
Looking at a four-hour snapshot, the TRUMP price against the dollar has been playing see-saw with a triple bottom pattern and some bullish mumbo-jumbo called RSI divergence. Basically, it’s like saying: “Hey, maybe we’re ready to go up now. Or not. Who knows?”
If TRUMP manages to close above the 50-day moving average—which sounds like an obstacle course for crypto—that could spark a rally aiming for the sweet spot between $9 and $10. Fingers crossed, because honestly, anything’s better than watching this slow-motion train wreck.
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2025-04-19 00:26