 |
| TRUMP Token |
TRUMP Token Drops 90% from Peak; Analysts Warn of Increased Sell Pressure
The meme coin TRUMP, linked to former U.S. President Donald Trump, is under renewed pressure ahead of a major token unlock. Currently trading around $8, TRUMP has lost nearly 90% of its value since its all-time high of $70.
According to CryptoNews, TRUMP has failed to break above its 21-day moving average (21DMA) for three consecutive months. This ongoing weakness suggests a prolonged downtrend. Moreover, a new unlock event scheduled for April 18 will release 4% of the token supply, increasing overall circulation by 20%.
Tokenomics Raise Concerns Over Price Stability
TRUMP’s token distribution structure is drawing criticism. Only 20% of tokens were released at launch. The remaining 80% is held by the development team and distributed gradually during Trump’s political career. As a result, the current unlock may trigger large-scale selling activity and drive prices even lower.
While not labeled a scam, TRUMP shows similarities to a pump-and-dump scheme. A joint investigation by The New York Times and Chainalysis found that over 800,000 wallets reported losses within just three weeks of TRUMP’s release.
Market Conditions Suggest High Risk for Investors
Experts believe TRUMP could recover if overall crypto market sentiment improves. However, current technical indicators and investor sentiment remain negative. Meme coins often face extreme volatility, and in some cases, they lose over 99% of their value.
Given these risks, analysts caution that TRUMP should be treated as a high-risk asset. Investors are urged to proceed with careful evaluation, especially with a significant unlock event on the horizon.