$TRUMP, a meme coin with a market capitalization of nearly $1.6 billion, is undergoing a significant token unlock this week. The event will mint 40 million $TRUMP tokens this Thursday. These tokens will be worth approximately $320 million. This massive amount makes up a quarter of the token’s current circulating supply of $485 million. Investors should expect to see its continued impact closely monitored.
Currently $TRUMP is the fourth largest meme coin by market cap, behind dogecoin, shiba inu and pepe. However, with a circulating supply of 1 billion tokens, the token’s distribution has been slow as molasses since its inception. On day one, 200 million $TRUMP tokens were made available for purchase. By January 2028, the supply is projected to increase to a maximum of 1 billion tokens.
Token unlocks are a method used to gradually inject cryptocurrencies into the market. These unlocks protect the market from having large amounts of founding team members and investors’ tokens hit the open market at once. This protection prevents chaos in the market. The upcoming unlock of 40 million $TRUMP tokens is allocated to CIC Digital LLC, an affiliate of the Trump Organization.
As of 12:45 p.m. ET, $TRUMP is trading at $7.93. However, the token has been on a steep decline over the past several months. That’s a plunge of 84% just in the last three months. The upcoming token unlock further complicates the token’s price dynamics.
Three of the biggest crypto exchanges have already begun staking billions of $TRUMP. Binance, OKX and Bybit rank as the top 3 exchanges for $TRUMP holdings by a wide margin. These exchanges, decentralized or otherwise, will surely become an important point of control in the newly unlocked tokens trading’s day-to-day.
$TRUMP is not the only cryptocurrency embarking on token unlocks this week. The practice, though not unusual in the crypto space, is deeply concerning. These events receive intense scrutiny from investors because they have the power to sway token prices and overall market sentiment.
The market most recently added 40 million $TRUMP tokens, adding an approximate value of $320 million. This milestone is monumental—not only for the popular meme coin but their investors as well! Combined, the unlock makes up about 80% of the token’s circulating supply. We’re about to find out because it’s all impacted the price of $TRUMP. Every market participant is watching the next trading move with bated breath. They’re eyeing the heavyweights—Binance, OKX & Bybit—to read the overall market’s response to this wave of new tokens.
