The TRUMP token has shown a notable price increase amid the unlocking of 40 million coins, sparking investor interest.
Overview of Token Unlocking
Today, 40 million TRUMP tokens were unlocked, representing 20% of the total supply. This event is valued at approximately $370 million and marks the last scheduled unlock for this cryptocurrency.
Market Analysis and Token Characteristics
According to data from Messari, the circulating supply of tokens has reached nearly 200 million. Despite earlier concerns about potential selling pressure, the TRUMP token demonstrates confident price growth, reaching $9.71 and increasing by 6.66% in the last 24 hours.
Trends and Technical Indicators
Current technical indicators show that the token price has risen above the 20-day simple moving average, which is set at $9.10. Indicators suggest potential growth towards the resistance point at $10, where traders are focusing their attention.
The data surrounding the TRUMP token unlock highlights a strong market reaction and positive sentiment among investors, raising interest in potential price shifts in upcoming trading sessions.
