The TRUMP memecoin, built on the Solana blockchain and themed around former President Donald Trump, is facing growing selling pressure as a massive token unlock event approaches. On April 18, approximately 40 million tokens—valued at over $320 million—will be unlocked and released to the project’s team. This represents nearly 20% of the current circulating supply, raising concerns of significant market dilution.
First Major Unlock Could Test Market Confidence
According to blockchain analytics firm Tokenomist, this is the first major unlock in the TRUMP token’s roadmap. After this initial release, the project will continue to unlock 493,000 tokens daily, valued at around $4 million per day, until the next major unlock scheduled for July. The consistent increase in supply could place sustained downward pressure on the token’s price.
As of April 14, TRUMP is trading at $8.27, having fallen over 5% in the past 24 hours, and is now down 88% from its all-time high of $73.43, which was recorded in January.
Investor Sentiment Weakens, Volume Spikes
Despite the price drop, trading activity has surged. Over the past 24 hours, TRUMP’s trading volume jumped 23% to $476 million, likely driven by traders positioning ahead of the unlock event.
On-chain data also points to a decline in investor interest, with fewer unique wallet interactions and reduced participation across DeFi protocols linked to the token. Analysts suggest that such metrics often reflect caution from long-term holders and potential exit strategies by early adopters.
Outlook: Volatility Expected
Crypto analysts are divided on whether the token can maintain current levels once the supply expands. While some speculate that TRUMP’s brand appeal may offer some cushion, others warn that the unlock event could trigger a sell-off, particularly if team members or early stakeholders choose to liquidate portions of their holdings.
With meme coins being inherently speculative, and supply shocks having a history of rattling markets, TRUMP holders are bracing for heightened volatility in the coming days.
