The upcoming week promises a significant event in the cryptocurrency realm - the unlocking of Trump Coin tokens, which may affect market volatility.
Critical Unlock Event
In just four days, Trump Coin will undergo a major unlock, releasing tokens amounting to 45% of the circulating supply into the market in daily increments of $6.85 million. This event will mark the first unlock since the launch of Trump Coin and could influence the token's price movements.
Understanding Token Economy
By August, the circulation will expand to 320 million tokens, exceeding 341 million by September, and surpassing 363 million by October. By April 2028, Trump Coin is projected to reach its maximum supply of one billion tokens. The transition from scarcity to abundance may alter market dynamics and strategies among investors.
Future Prospects for Trump Coin
The accumulation of short positions in futures trading and open interest nearing $448 million suggest a likely liquidation wave. Despite the recent market rally, where prices recovered, Trump Coin still faces resistance challenges and may retest the $9.39-$8.5 range.
The token unlock event for Trump Coin is anticipated as a pivotal moment for shifting supply-demand dynamics. This process is expected to significantly impact market volatility, presenting both opportunities and risks for investors.
