TRUMP Token Plummets 90% Ahead of April 18 Unlock Event

Tokenholders of the TRUMP token are currently experiencing a significant decline in their investments, with the token's value dropping by nearly 90% from its peak. This downturn is closely tied to the upcoming unlock event scheduled for April 18, which will release 40 million tokens worth approximately $309 million into circulation. This event marks the first vesting unlock for the TRUMP token, with subsequent smaller unlocks planned to follow.

The unlocked tokens represent 20% of the current circulating supply, which could introduce fresh volatility as a previously illiquid portion of the supply hits the market. The token's price has fluctuated between $7.46 and $7.83 in the past 24 hours, according to CoinGecko. The TRUMP token's value collapsed in the weeks following its debut, with over 800,000 wallets suffering a total of $2 billion in losses, according to estimates from blockchain analytics firm Chainalysis. It is important to note that gains or losses are only realized upon sale, meaning holders won’t incur actual losses unless they choose to sell their tokens.

The TRUMP token reached its all-time high of $73.43 on January 19, just two days after its launch ahead of the US President Donald Trump's inauguration. The token's value has since plummeted, raising questions about the sustainability and long-term viability of memecoins and other speculative assets. The upcoming unlock event is expected to test the resilience of the token and its community, as the increased supply could lead to a further depreciation in value.

The situation underscores the importance of thorough research and risk management for investors in the cryptocurrency space. Memecoins, in particular, are known for their extreme volatility and lack of intrinsic value, making them a high-risk investment. Tokenholders should be prepared for the possibility of significant losses and consider diversifying their portfolios to mitigate risks. The outcome of the upcoming unlock event will depend on various factors, including market sentiment, investor behavior, and the overall health of the cryptocurrency market. Tokenholders should remain vigilant and stay informed about developments related to the unlock event and its potential impact on the token's value.

The TRUMP token's emission schedule includes a "cliff" unlock on April 18, representing a large, one-time release of tokens. While there are other cliff unlocks ahead, many tokens will be released at a steadier pace. For example, between April 19 and 21, around 493,000 tokens will unlock daily. The unlocked tokens will belong to the “Creators and CIC Digital LLC,” according to the token’s website. Two organizations affiliated with Trump's business umbrella own 80% of the token supply: CIC Digital LLC and Fight Fight Fight LLC. CIC Digital, an affiliate of The Trump Organization, was placed in a trust by the time of Trump’s 2024 financial disclosures to the US Federal Election Commission. Fight Fight Fight LLC is another Trump-affiliated business co-owned by CIC Digital and Celebration Cards LLC, which was formed in Wyoming by Andrew Pierce.