TRUMP memecoin nears $496.9M token unlock, raising dump fears as weak price action adds pressure and investors prepare for volatility.
TRUMP memecoin is getting close to unlocking a big $496.9 million token. An already fragile asset is put under more strain by this incident.
After falling prices, the unlock raises concerns about potential future declines.
Will the support of the US president prevent a sell-off of this memecoin?
Will Investors Dump TRUMP Memecoin As It Faces Its Biggest Unlock Ever?
Millions of cryptocurrency holdings will be freed this week, but TRUMP will receive the most attention.
Cryptorank states that the date of this unlock is July 18.
Approximately half of TRUMP’s circulating supply will be released at the event.
After that, tokens worth about $210 million might be unlocked monthly.
For the token, this unlock occurs during a challenging moment.
TRUMP memecoin has now entered a phase of stable trading around the $10 mark following its sharp increase that sent prices past $40.
Given the intensifying US political season and the renewed focus on Trump in the media, some analysts believe this level represents a favorable time to purchase.
Adding to the intrigue, crypto figure Justin Sun recently announced he had purchased $100 million worth of TRUMP tokens. Sharing the news on X, Sun described TRUMP as “the future of crypto alongside the TRON blockchain.” His broader vision, he said, is to bridge communities like GetTrumpMemes and support projects that drive mainstream crypto adoption.
According to rumors, Justin Sun and Trump’s team may make a big announcement before the unlock.
Prices may rise due to the excitement, then fall when people take their winnings.
According to some market observers, this pattern is consistent with pre-event trends: a brief price increase fueled by FOMO, followed by a correction.
Future Prospects For Trump Price
The big unlock ahead, which impacts almost half of TRUMP’s circulating supply, is noteworthy even with Sun’s backing and possible announcements.
According to historical data, significant unlocks typically result in selling pressure as insiders or early holders sell to cash in on their gains.
However, some investors think that any drop in TRUMP’s value might not last long. They believe it could be supported by the token’s popularity and the recent increase in regulatory clarity.
A cryptocurrency analyst said that TRUMP is driven chiefly by $10 by psychology, a clean number, and a clean entry point.
They emphasized that the token hasn’t seen any movement as the political season heats up and media attention around Trump increases.
Instead of pursuing the token around $40 after the larger crypto community takes attention, the analyst stressed the importance of getting in early with a strong risk/reward setup.
It’s important to note that this unlock also falls within Crypto Week. When writing, the TRUMP memecoin was up 11% in just one week, trading at $9.79.
