TRUMP Memecoin Unlock Set To Release 40 Million Coins This Thursday
The crypto market anticipates the unlocking of a significant portion of the TRUMP memecoin on Thursday, allowing early investors to sell holdings for the first time. Launched on January 17 with 200 million tokens, an additional 40 million will be released, totaling 1 billion tokens over three years. The token's market value initially soared to $14 billion but later plummeted by nearly 90%. CIC Digital and Fight Fight Fight control 80% of the tokens set for unlocking, but their intentions remain unclear. Despite potential price drops, the memecoin's value has increased by nearly 3% in the past week. Trump and his family have expanded their cryptocurrency ventures, with their portfolio nearing $1 billion in paper gains. Currently, the memecoin trades at $7.83, down 30% monthly and over 15% in two weeks.
