On Friday, April 18th, the second unlock of official Trump (Trump), will be held, with Donald Trump, the official memo coin of the US President.
According to data from the Tokenomist site, 40 million tokens of playing cards will be unlockedat its current price is equivalent to $312 million. This amount represents 4% of the total project supply.
The project’s website revealed that Trump has the largest supply of 1,000 million tokens, and is distributed as follows: 80% of project creators and CIC Digital (entities owned by Trump) and 10% of public distribution.
Currently, only 20% of the tokens are unlocked, with the remaining 80% being uncirculated.
As reported by Cryptonoticias, Trump’s official memokine was launched on the assumptions of the previous president. At the time, the prices of assets skyrocketed, Achieves the historic maximum (ATH) of $89.81.
At the time of publication of this memo, the Solana Red token price is $7.64.
As of Friday, 240 million card tokens were in circulation. This could have a negative impact on prices if there is no proportional increase in demand (due to increased supply).
“Unlocking Trump is something to consider,” said Mena Theodorou, co-founder of the Coastash Cryptocurrency Exchange Platform, in a dialogue with the press, “There is a possibility of clear sales pressure, but its development will ultimately depend on a few key factors.”
He also said that the fact that he announced the unlock beforehand would give the team behind Memocoin a “opportunity to manage the story through advertising, collaboration, or new incentives.”
In turn, he said:
If this happens and there are important ads, it is difficult to predict what the market will respond.
As assets are more tied to Trump’s numbers than basic factors, it is not clear whether the narrative of team building will reach to stop the impact of unlocking.
This uncertainty gets worse when taken into consideration by California’s Democratic representative Maxine Waters. I asked to investigate Memecoin Trump and determine if there is a link to the scheme of Pumps and dumpsa mechanism by which prices inflate by groups or individuals who sell participation at high prices and leave the last buyer at a loss when the price collapses.
