A significant unlock of $TRUMP tokens is expected in April, which could have a substantial effect on their price and the market at large.
Token Unlock
On April 18, 2025, approximately 40 million $TRUMP tokens worth over $320 million are set to be unlocked. These tokens will go to the project team and insiders, many of whom received them for free. This could create market pressure due to potential selling.
Impact on $TRUMP Price
$TRUMP is already showing signs of weakness, hovering at $8.37, down 1.27% in the past 24 hours and 29% in the last month. Technical analysis suggests bearish pressure. Support is observed around $7.50, while resistance is expected at $9.20 and $10.90. The situation is further complicated by a negative funding rate.
Overall Outlook
As the token unlock date approaches, market expectations remain mixed. While some traders hope for a potential short squeeze, the overall sentiment appears bearish. High volatility is expected as the event draws nearer.
The unlocking of $TRUMP tokens is set to be a crucial event for the memecoin, likely affecting its price and investor confidence. Traders and investors will be closely monitoring developments.