TRUMP token is back in the spotlight with a 9.3% increase in the last 24 hours alongside a 49.20% spike in trading volume.
Price and Trading Volume Surge
As of press time, TRUMP token is trading at $8.32, slightly retracing from its daily high of $8.52. This price increase coincides with a significant rise in trading volume, indicating heightened investor interest.
Massive Token Unlock
On Friday, approximately 40 million TRUMP tokens are set to be unlocked, amounting to $332.8 million. This event is anticipated to have a significant impact on market dynamics.
Technical Analysis and Projections
Technical analysis suggests a breakout from a descending triangle could lead to a potential rise toward the $31 mark. Currently, volatility is high, which requires caution from investors.
TRUMP token continues to show activity in the market; however, the upcoming unlock may introduce additional volatility risks for its price.