Can the US President Save Trump Memecoin Amid 50% Token Unlock?

Can the US President Save Trump Memecoin Amid 50% Token Unlock?

Millions of dollars in crypto assets are expected to be released this week, but the main focus is on TRUMP. CryptoRank states that the date of this unlock is July 18. Approximately half of TRUMP’s available supply will be released onto the market as a result of the event. Following that, around $210 million worth of tokens might be released every month.

Critical Moment for TRUMP Token

This unlock occurs at a critical point for the token. TRUMP has settled into a period of stable trading around the $10 level, following its meteoric ascent that brought prices beyond $40. Some experts consider this level a favorable buying opportunity, especially as the US election season heats up and media attention shifts back to Trump.

Justin Sun, a prominent participant in the cryptocurrency world, recently revealed that he had acquired $100 million worth of TRUMP tokens, adding to the tension. Sun shared the news on X, describing TRUMP as “the future of cryptocurrency alongside the TRON blockchain.” His overarching goal, he explained, is to connect networks like GetTrumpMemes and promote projects that push mainstream cryptocurrency acceptance.

Pre-Unlock Speculation and Price Dynamics

Just before the unlock, rumors suggest that Sun and Trump’s team will make a significant statement. This might cause a price surge owing to excitement, followed by a decrease when investors take profits. Some market observers say this pattern corresponds to usual pre-event trends: a sharp price increase fueled by fear of missing out (FOMO), followed by a correction.

Market Reactions and Historical Trends

Despite Sun’s backing and prospective announcements, the next massive unlock, which will affect more than half of TRUMP’s circulating supply, is important. History demonstrates that large unlocks typically result in selling pressure as early investors or insiders sell to reap their winnings.

However, some investors believe that any reduction in TRUMP’s value would not last long. They believe it will be aided by the token’s popularity and the recent improvement in regulatory transparency.

Analysts Weigh In

A cryptocurrency analyst expressed their opinion, stating that psychology, a clear number, and a clean entry point are the primary drivers of TRUMP reaching $10. With the election season heating up and media attention focusing on Trump, they noted that the token hasn’t experienced any movement yet. The analyst underlined the importance of getting in early with a sound risk/reward strategy rather than chasing the token at $40 once the larger crypto community takes notice.

TRUMP Token Price and Market Context

It is worth noting that this unlock corresponds with the Crypto Week. TRUMP memecoin is currently trading at $9.79, representing a one-week rise of up to 11%.

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