Did Trump just earn $93M from his memecoin’s token unlock?

Key Points

1. A $938 million token unlock for the Official Trump [TRUMP] memecoin granted Trump-linked businesses access to nearly $93 million worth of tokens.

2. The market response was tepid, with TRUMP's price briefly spiking to $10.24 before settling near $10.11, indicating fading investor excitement.

3. Trump-affiliated entities, including CIC Digital 2, hold 76% of the token’s total supply, consolidating their control over the asset.

4. Despite the unlock, the memecoin's price remained stable, supported by foreign investors and figures like Justin Sun.

5. The $93 million in unlocked tokens represents 'paper wealth' for Trump, as there has been no significant sell-off or price surge.