Trump Memecoin is Set Out To Unlock $321M Worth of Vested Tokens
- The Trump Memecoin is scheduled to release $321 million worth of tokens on April 18, 2025.
- 20% of the total supply (200 million Trump Tokens) is unlocked, while the other 80% (800 million tokens) remains locked.
- The tokens price has significantly dropped by over 89% since its highest point in January, and the upcoming unlock might decrease its value even further.
Donald Trumps official memecoin, launched in early January, is planned to release about $321 million worth of tokens on April 18.
According to Tokenomist, 40 million Trump tokens will be released in a cliff unlock, which means all the tokens will become available at the same time. Each token at the time of writing is worth around $7.99, so the release makes up about $319.60 million new coins entering circulation all at the same time.
20% of the total token supply is currently unlocked, which amounts to 200.00m TRUMP, while the remaining 80%, or 800.00m TRUMP, remains locked. The meme coin has reached a market cap of about $1.6 billion, while its fully diluted value is much higher at nearly $8 billion. The number of tokens in circulation has reached almost 200 million, which definitely matches the total released tokens so far.
Trump Coin Release Schedule and Supply Status
Based on the data, the unlock event is scheduled to start April 18, 2025, at 12:00 AM UTC. About 493,150 TRUMP tokens would be unlocked daily, which is worth about $3.94 million. This means tokens would be released gradually, not just because of big events.
The price of the token has significantly dropped since its highest point of $73.43 in January, just before Trump became president. The hype around the project has faded, and it has dropped more than 89%.
This coming unlock could push the price even lower because those who werent able to sell before can now choose to, which adds more pressure to the market. And according to Tokenomist, it makes up about 61% of the $519 million worth of tokens planned to be released this month across different projects.
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Read more: https://www.tronweekly.com/trump-memecoin-is-set-out-to-unlock-321m-worth-of-vested-tokens/
Text source: TronWeekly
