Cryptocurrency analyst Ilya Sleptsov evaluates the upcoming developments surrounding the TRUMP memecoin, scheduled for unlocking on July 17. This article discusses the release volumes, team actions, and price forecasts.
Amount of Tokens Being Unlocked
The unlock event will release a total of $830 million in tokens, with a daily linear distribution of $6.4 million starting on July 17.
Actions of the TRUMP Team and Support from Justin Sun
Eighteen days before the unlock, the TRUMP team withdrew $20 million worth of tokens from the Meteora platform and sold them on exchanges. Crypto billionaire Justin Sun has promised to purchase $100 million of TRUMP and has already acquired $26.4 million of that amount.
Price Predictions for TRUMP Token
Despite the community's dedication and positive news from the TRUMP team, Sleptsov argues that the excessive token supply could lead to significant price drops in the coming weeks. "Another delay in unlocking could have saved the token," the analyst noted.
The upcoming events regarding the TRUMP memecoin are likely to have a considerable impact on its value and investor interest. Experts' projections indicate potential challenges in the current market conditions.
