40-Million TRUMP Tokens Unlocked, 20% of Circulating Supply Released

On April 18, 40 million TRUMP tokens were unlocked, representing approximately 20% of the circulating supply and 4% of the total token supply. This event, which occurred five hours ago, is valued at around 300 million US dollars. The unlocking of these tokens marks a significant milestone in the distribution phase of the TRUMP memecoin, which is expected to continue through mid-2025.

The unlocking of such a large number of tokens can have a substantial impact on the market. With only 20% of the total supply currently unlocked, the release of an additional 40 million tokens could potentially increase the available supply, which might exert downward pressure on the token's price. However, the actual market impact will depend on various factors, including the demand for the tokens and the overall market conditions.

The developer of the TRUMP memecoin withdrew 4.6 million US dollars in liquidity just before the token unlock. This action has raised concerns among some observers, who speculate that it could be a sign of an impending rug pull. A rug pull occurs when developers abandon a project and sell their holdings, causing the token's value to plummet. However, it is important to note that this is purely speculative, and there is no concrete evidence to support this claim.

The unlocking of the TRUMP tokens is part of a broader trend in the crypto market, where several projects are preparing to release large amounts of tokens. This week alone, over a dozen projects are scheduled to unlock tokens, with the total value of these unlocks exceeding 400 million US dollars. The market impact of these unlocks will depend on the size of the unlock relative to the currently trading tokens and the overall market conditions.

In conclusion, the unlocking of 40 million TRUMP tokens is a significant event that could have a substantial impact on the market. While the actual market impact remains to be seen, it is clear that this event will be closely monitored by traders and investors alike. As always, it is important for investors to exercise caution and conduct their own research before making any investment decisions.