A $370 Million Supply Shock Is About to Hit the TRUMP Token Tomorrow
2025-07-15 17:50:40
Main Idea
The TRUMP token is facing a significant supply shock as 40 million tokens worth $370 million are set to be unlocked tomorrow, which may impact its short-term price trajectory amid weak market momentum.
Key Points
1. 40 million TRUMP tokens (20% of total supply) worth $370 million will be unlocked tomorrow, potentially affecting the token's price.
2. TRUMP is currently trading at $9.09, down 4.42% for the day, with key support at $9.00-$9.05 and resistance at $9.53.
3. Market cap has dropped to $1.81 billion, and daily volume decreased by 12.42% to $455.3 million.
4. Technical indicators (RSI at 46.03 and MACD) suggest weak momentum and ongoing consolidation.
5. The unlock event could define the short-term trajectory of the politically-themed cryptocurrency.
Description
TRUMP faces largest unlock event as 40M tokens worth $370M enter circulation Price nears critical $9 support zone after consistent lower highs and lows RSI and MACD suggest weak momentum despite speculative trading activity The TRUMP token is heading into a crucial trading day, as 20% of its total supply—worth approximately $370 million, is set to be unlocked tomorrow, according to data from Messari. This event will release 40 million new tokens into circulation, marking the final and largest sc...
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