Menu

Categories:

Hot right now:

Follow on:

Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.

Menu

Categories:

Hot right now:

Follow on:

Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.

Official Trump Unlocks 40M Tokens Worth $300M: What Next For TRUMP?

Share This Post

Trump Meme Coin Sparks Debate, Cathie Wood Weighs In

The post Official Trump Unlocks 40M Tokens Worth $300M: What Next For TRUMP? appeared first on Coinpedia Fintech News

  • The TRUMP price has dropped 90% from its all-time high, which was recorded three months ago.
  • The latest TRUMP token could weigh down on potential bullish sentiment amid low buying pressure.

Official Trump (TRUMP) memecoin unlocked 40 million tokens, worth around $300 million on Friday, April 18. Around 36 million TRUMP tokens, representing 18 percent of the released supply, were allocated to creators and CIC Digital 1. 

The remaining 4 million TRUMP tokens, representing around 2 per of the released supply, were allocated to creators and CIC Digital 4.

Friday’s TRUMP token release follows the January 18th 200 million unlock, worth about $1.5 billion.

As a result, TRUMP memecoin has a circulating supply of about 250 million and a maximum supply of 1 billion.

Impact of Today’s TRUMP Token Unlock

The TRUMP memecoin has gained significant popularity on the Solana network primarily due to its direct affiliation with the U.S. President Donald Trump. The mid-cap memecoin, with a fully diluted valuation of about $7.66 billion and a 24-hour average trading volume of about $278 million, has, however, been trapped in a multi-week falling trend.

The latest TRUMP token unlock will weigh down on bullish sentiment in the near future as the dilution from the early investors surges. 

From a technical analysis, TRUMP’s price is well primed for a bullish rebound in the coming weeks. If Bitcoin (BTC) price leads the wider altcoin market to mirror gold price action, TRUMP price will likely rebound to form a new rising trend.

In the four-hour timeframe, TRUMP price, against the U.S. dollar, has been forming a reversal pattern characterized by a triple bottom coupled with bullish divergence of the Relative Strength Index (RSI).

A consistent close above the 50-day Moving Average (SMA) will trigger a rally toward the next liquidity range between $9 and $10.

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Binance CEO Warns of Missed Bitcoin Gains, Cites 5-Year Rally Wake-up Call

Governments worldwide are waking up to a massive missed opportunity as bitcoin’s explosive rally shows early crypto adoption could’ve slashed deficits and built sovereign wealth, says Binance’s

Ethereum Price Rally Alert: ETH Starts Its Climb Toward $3K Milestone

Ethereum price found support at $2,500 and started a fresh increase ETH is now rising and might aim for a move above the $2,750 resistance zone Ethereum started a decent increase above the $2,550 and

Crypto Bears Face $320 Million Squeeze As Bitcoin Breaks $110,000

Data shows the cryptocurrency short holders have witnessed a mass liquidation event during the past day as Bitcoin and other assets have rallied Bitcoin Has Set A New All-Time High Beyond $111,000

Bitcoin From Pizza Day Era Still On The Move, Glassnode Reveals

As Bitcoin Pizza Day turns 15 years old, the on-chain analytics firm Glassnode has revealed how coins from back then are still being moved Bitcoin Realized Cap Data Shows Recent Movements From 10+

Pi Network Alert: 102M Pi Moved Off OKX, What’s Coming?

The post Pi Network Alert: 102M Pi Moved Off OKX, What’s Coming appeared first on Coinpedia Fintech News Pi Coin’s price has slipped by more than 3%, currently trading around $081 The token

Pi Network News: 102M Pi Leaves OKX While Price Dips 3%

The post Pi Network News: 102M Pi Leaves OKX While Price Dips 3% appeared first on Coinpedia Fintech News Pi Coin’s price has slipped by more than 3%, currently trading around $081 The token