The Trump meme coin ($TRUMP) is under intense scrutiny as a significant token unlock event unfolds. On April 18, 2025, 40 million TRUMP tokens—representing 20% of its circulating supply—were released to project insiders and affiliates. Valued at approximately $320 million, this influx has sparked concerns about increased selling pressure and potential price declines .
Trump Coin Faces Market Turbulence Amid $320M Token Unlock
Price Volatility and Market Sentiment
Following the token unlock, TRUMP’s price has exhibited notable volatility. Currently trading around $9.00, the coin has experienced a 20.4% decline over the past week and a 26.9% drop in the last 30 days . Analysts warn that the sudden increase in token supply could lead to further price drops, potentially pushing the value down to $6 or even $3 in the coming weeks .
Technical Indicators and Patterns
Despite the bearish outlook, some technical indicators suggest potential short-term bullish movements. The Moving Average Convergence Divergence (MACD) displays a rising green histogram, indicating a possible bullish crossover. Additionally, the Simple Moving Average (SMA) shows a positive crossover in the 4-hour timeframe, hinting at increased bullish influence. However, these indicators are not definitive and should be interpreted with caution.
Potential Scenarios
- Bullish Case: If buying pressure intensifies, TRUMP could test the upper resistance zone of $9.00 this month.
- Bearish Case: Failure to maintain support levels may lead to a retest of the crucial $2.50 support, with the possibility of reaching new multi-month lows if bearish momentum continues.
Conclusion
The recent token unlock has introduced significant uncertainty into TRUMP’s market dynamics. While technical indicators offer some hope for a short-term rebound, the overarching sentiment remains cautious. Investors are advised to monitor market developments closely and exercise prudent risk management strategies.
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