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TRUMP unlocks the countdown, 320 million selling pressure VS oversold rebound?
Over the past two days, the market has gradually focused on the fact that 40 million TRUMP coins will be unlocked on April 18, accounting for 20% of the circulating supply and worth about $320 million.
Generally speaking, unlocking events are usually seen as negative, especially when the unlocking volume accounts for a high proportion of the circulating supply, and the unlocking volume of TRUMP coins is as high as 20%, and if the team chooses to sell, the market liquidity may be difficult to accept, resulting in further pressure on the price.
The TRUMP coin has lost 90% of its price from its highs since its launch on January 18 and is currently trading at around $7.7. Market sentiment reacted strongly to the unlocking of TRUMP coins, especially given that the meme coin craze is fading and the overall market sentiment is on the cautious side.
From a market depth perspective, the current level of liquidity (about $980,000 to $2 million) cannot effectively absorb the selling pressure of $320 million, and a price break below a key support level (e.g., $7) could trigger a further sell-off.
The price may be under pressure in the short term after unlocking, but it is necessary to pay attention to the market's ability to bear the market, and if the team chooses to release liquidity in batches, the price may gradually stabilize. Conversely, if there is a concentrated sell-off, the TRUMP coin may fall to $1 or even lower.
The project party also still holds 120 million dollars of TRUMP, which will continue to be unlocked in the next 24 months, and the long-term selling pressure is like a sword of Damocles.
However, the chain shows that 2 new wallets have recently invested 5 million USDC to buy 630,000 TRUMP, with an average price of 7.93 dollars, or bet on a "bearish rebound".
Which direction will the market go?
You don't have to over-interpret, I believe the market will soon give the answer, if you want to end tomorrow friends only need to do a quick response, timely response, after all, as long as you do the right direction, long and short can make money.
#TRUMP币 #meme币 #代币解锁