The official President Trump memecoinTRUMP() is set to undergo a token unlocking worth approximately $341,000,000.
Crypto tokenomics is a data-aggregator TokenomistOn April 18, 40,000,000 TRUMP tokens are going to be released on the market.
There are currently 199 millions TRUMP tokens in circulation. This unlocks about 20% of this memecoin’s supply.
TRUMP’s market capitalization is currently $1.69 Billion, and its fully diluted value (FDV), $8.48 Billion.
The release of new tokens and the subsequent increase in selling pressure can be considered a negative for cryptocurrency assets.
Like most digital assets, TRUMP suffered The president escalated his trade war recently, beginning with an executive order imposing tariffs upon all imports into the US. This was done to protect the domestic manufacturing industry.
Ali Martinez, an analyst and cryptocurrency trader is less optimistic about the new system. bullish TRUMP
Martinez told his 134.800 followers via the social media platform X, that TRUMP might be preparing a bullish reversal based off the Tom DeMark(TD) Sequential Indicator on the weekly Time Frame.
Technical analysis uses the TD Sequential Indicator to determine potential points of trend reversal.
Says Martinez,
“The TD Sequential flashed a Buy signal on TRUMP’s weekly chart!”
Key support $7.13
Breakout confirmation: 11.96 dollars
Target: $17.94.”
The current TRUMP value is $8.37.
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