TRUMP Token Surges 7% Ahead of 40 Million Token Unlock

The TRUMP token, a Solana-based meme coin associated with former U.S. President Donald Trump, experienced a 7% price increase in the last 24 hours. This surge comes ahead of a scheduled token unlock event, which is anticipated to draw significant attention across the cryptocurrency market.

Despite the broader market weakness, the TRUMP token is showing signs of stabilization. Analysts are closely monitoring the token's next moves as more supply is set to enter circulation. The upcoming unlock event on April 18 will release 40 million new tokens, valued at around $320 million based on the current trading price. These tokens will be distributed to the project’s team members, increasing the circulating supply to approximately 240 million TRUMP. The total supply of the token is capped at 1 billion, and these tokens represent over 60% of all scheduled insider unlocks for the week.

Token unlocks can introduce additional supply without necessarily increasing demand. If a significant portion of these tokens is sold, it could lead to price declines. Investors have been closely watching the token ahead of this release, especially after experiencing substantial losses earlier this year.

The TRUMP token price reached a high of $73.43 on January 19 but has since fallen by nearly 89%, reaching around $8.03. Despite this drop, some technical indicators suggest that buying pressure may be returning. The number of unique TRUMP token holders has decreased from 817,000 at launch to about 637,000. Wallets holding over $1,000 in TRUMP have dropped from 143,000 in January to only 12,000, largely due to recent whale sell-offs.

Although interest in the token has slowed, recent price action indicates a possible change. The price has moved from a low of $7.50 to $8.03, showing signs of a short-term rebound. Technical analysis points to a possible upward movement for the TRUMP token price. Since April 8, the token has been trading between $7.65 and $8.30, which may act as a base before a breakout. The Chaikin Money Flow (CMF) is around -0.03, slightly below zero, but a move above zero could signal growing buying activity. The Money Flow Index (MFI) is at 42.87, within a neutral range but rising steadily, indicating that buying volume is slowly building, which could precede a bullish breakout for the TRUMP price.

The chart suggests that the TRUMP token price may dip to the $7.65 zone before a strong rally. If buying momentum continues, the price could break resistance at $8.30 and move toward the $9.50 level. According to crypto analyst CryptoBheem, the TRUMP token has been consolidating in a tight range, forming a base after weeks of decline. Multiple touches of the $8.30 resistance level raise the breakout chance. If the TRUMP token price maintains upward momentum, it could push toward the $10.50–$11.00 zone. However, if the token fails to hold above $8.00, a drop to $7.50 may follow.