TRUMP memecoin is preparing for a significant token unlock worth $496.9 million. This event adds pressure to an already weak asset. The unlock comes after a long period of declining prices, which raises concerns about further drops. Will the US president backing save this memecoin from a sell-off?
TRUMP Faces Its Largest Ever Unlock, Will Investors Dump the token?
Millions in crypto assets are slated to be unlocked this week, but the biggest spotlight is on TRUMP. According to Cryptorank, this unlock is scheduled for July 18. The event will see roughly 50% of TRUMP’s circulating supply released into the market. Following that, around $210 million worth of tokens could be unlocked each month.
Source: Cryptorank
This unlock comes at a tricky time for the token. Since its rapid rise, which pushed prices above $40, TRUMP has now settled into a period of steady trading around the $10 mark. Some analysts see this level as a good buying opportunity, especially with the U.S. political season heating up and media attention returning to Trump.
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.
Rumors suggest that Sun and Trump’s team might announce significant news just before the unlock. This could create a spike in prices due to hype, followed by a drop as people take profits. Some market watchers believe this pattern fits typical pre-event trends: a quick price rise driven by fear of missing out (FOMO), followed by a correction.
What’s Ahead for TRUMP Price
Despite Sun’s support and potential announcements, he large unlock ahead, which affects more than half of TRUMP’s circulating supply, is significant. History shows that big unlocks usually lead to selling pressure, as early holders or insiders sell to take their profits.
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 crypto analyst shared their view, noting that psychology, a clean number, and a clean entry point primarily drive TRUMP at $10. With the political season heating up and media attention ramping up around Trump, they highlighted that the token hasn’t seen significant movement yet. The analyst emphasized a preference for getting in early with a solid risk/reward setup rather than chasing the token at $40 once the broader crypto community takes notice.
Source: X
It is worth mentioning that this unlock also coincides with the Crypto Week. As of press time, the TRUMP memecoin is trading at $9.79, recording a one-week increase of up to 11%.
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