- Trump’s official meme coin is set for a $320M token unlock on April 18, releasing 40 million TRUMP tokens and potentially increasing daily sell pressure.
- Analysts warn of possible price drops, but note that many TRUMP holders are new to crypto and may not rush to sell — despite the coin already falling 89% from its all-time high.
- With a $1.6B market cap and ongoing hype, the token still holds value, though upcoming unlocks and volatility could seriously test investor confidence.
Things are about to get interesting for President Donald Trump’s Solana-based meme coin. The project’s first major token unlock is just around the corner, with the team set to receive roughly 40 million TRUMP tokens next Friday. That’s a cool $320 million entering the market in one go — and yep, people are watching.
According to crypto analytics platform Tokenomist, the unlock begins on April 18, and from there, it’s expected that $4 million worth of TRUMP will unlock daily until the next scheduled event rolls in come July.
So, what happens when that much fresh supply hits a meme coin tied to a political heavyweight? Well, it’s complicated.
Supply Shock Incoming?
Sidney Powell — no, not that Sidney — the CEO of DeFi lender Maple Finance, explained it pretty clearly: “Unlocks are usually bearish. They dilute the supply, so you need more buyers to keep the price where it is.” Classic supply and demand stuff.
TRUMP launched in January with a tiny circulating supply of just 200 million tokens, but over the course of 36 months, that’ll balloon to 1 billion total. So, while the April unlock isn’t the biggest one we’ll see, it’s a significant step toward that full supply.
“If it were one big cliff, it’d be scarier,” Powell said. “But as they trickle out… yeah, folks are gonna sell.”
But Wait — This Is Trump’s Coin We’re Talking About
Then again, this isn’t your average crypto token. Chainalysis data from earlier this year showed that TRUMP brought in a wave of first-time crypto buyers. In fact, a lot of people holding it made their first Solana purchase ever with this coin.
That means there might be a lot of inexperienced holders — the kind that don’t immediately dump on the first unlock. Maybe. Hopefully?
TRUMP was trading around $8.13 as of Friday, up slightly on the day, but still down a jaw-dropping 89% from its $73.43 all-time high just after its January 17 debut. Wild ride.
Can Trump Meme It Back to Life?
While TRUMP has utility — you can apparently buy Trump-branded watches, fragrances, even sneakers with it — on-chain data suggests 191,000 wallets have already cashed out. Fewer than 13,000 wallets currently hold over $1,000 worth of TRUMP.
There’s speculation (because of course there is) that the President could try to hype the token again ahead of the unlock. It wouldn’t be the first time a project pumped before a cliff drop — venture capitalists have been playing that game for years. But will Trump do it?
“I wouldn’t bet on a pre-unlock pump,” said Matthew Nay of Messari. “Hopefully the President has more important things on his mind than tokenomics.”
And yet, the TRUMP token still holds a $1.6 billion market cap. For a meme coin backed by vibes, that’s nothing short of impressive.
