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President Trump’s official memecoin, TRUMP, is set to undergo a significant token unlock valued at approximately $341 million. According to data from crypto tokenomics aggregator Tokenomist, 40 million TRUMP tokens will be released into the open market on April 18th.
With 199 million TRUMP tokens currently in circulation, this unlock represents roughly 20% of the memecoin’s total supply. TRUMP currently boasts a market capitalization of $1.69 billion and a fully diluted valuation (FDV) of $8.48 billion.
Token unlocks are often viewed as bearish events in the cryptocurrency market, as they introduce new supply and can lead to increased sell pressure. TRUMP’s value has recently been influenced by broader market trends and geopolitical developments, including the escalation of trade tensions under President Trump’s administration.
Despite the impending unlock, prominent cryptocurrency trader and analyst ALI MARTINEZ remains optimistic about TRUMP’s potential. In a recent post on social media platform X, Martinez highlighted a bullish signal on the TRUMP weekly chart using the Tom DeMark (TD) Sequential indicator, a tool used to identify potential trend reversals in technical analysis.
Martinez stated, “The TD Sequential just flashed a buy signal on the TRUMP weekly chart! Key support: $7.13. Breakout confirmation: $11.96. Target: $17.94.”
At the time of writing, TRUMP is trading at $8.37. Market participants are closely monitoring the token’s performance as the unlock date approaches.
Sources: Tokenomist, X
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