Well, well, well. It seems President Trump’s official memecoin, the highly-touted TRUMP, is about to undergo a rather thrilling token unlock. A whopping $341 million worth of tokens are primed for release onto the market, just in time to spice things up.
According to the trusty number crunchers over at Tokenomist, 40 million TRUMP tokens will be unlocked on the open market come April 18th. One can only imagine the excitement in the air – or perhaps the confusion. Who’s counting?
At present, there are 199 million TRUMP tokens swirling around in circulation, so this unlock is about 20% of the total supply. A nice little slice of the crypto pie, if you will, but will it send the market into a frenzy or cause a ripple of panic? Oh, the drama!
TRUMP currently boasts a market cap of $1.69 billion, but don’t hold your breath – it’s only the beginning. Its fully diluted valuation (FDV) stands at a dizzying $8.48 billion, a figure that might make even the most hardened investor feel a flutter of excitement.
Now, token unlocks usually get a bad rap in crypto circles, with the common belief being that more supply equals more sell pressure, and who enjoys a bit of that? Certainly not the optimists, but let’s not be so hasty to jump to conclusions.
Recently, TRUMP has had a bit of a rough patch, what with the President’s trade war kicking off after he signed an executive order slapping tariffs on imports to protect domestic manufacturing. It’s been a turbulent ride, to say the least.
But fear not! There’s always a glimmer of hope in the world of cryptocurrency, and analyst Ali Martinez is firmly in the “bullish” camp on this one. Despite all the doom and gloom, he’s predicting a potential surge for TRUMP. Maybe he’s been drinking some bullish Kool-Aid? Who knows.
Martinez, who has a modest following of 134,800 on the social media platform X (formerly Twitter), tells his fans that TRUMP could be gearing up for a “bullish reversal” based on the Tom DeMark (TD) Sequential indicator. Fancy jargon, right? Well, that’s just how the crypto crowd rolls.
The TD Sequential indicator is, of course, a sophisticated little gadget used by technical analysts to spot potential trend reversals. It’s all very high-tech and impressive. According to Martinez:
“The TD Sequential just flashed a buy signal on the TRUMP weekly chart!”
Key support: $7.13
Breakout confirmation: $11.96
Target: $17.94.”
As of this very moment, TRUMP is priced at $8.37. Will it make the leap to $17.94? Or will it take a tumble into the abyss? Time will tell – and isn’t that the fun of it all? Stay tuned for what promises to be another thrilling chapter in the unpredictable world of memecoins.
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2025-04-14 15:01