Key Highlights:

• Trump’s TRUMP memecoin has surged over 9% in just 24 hours following a $320 million token unlock.
• There is a potential for significant sell-offs due to the liquidity concerns, with just $1.3 million able to shift the price by 2% on major platforms.
• About 636,000 individuals currently hold TRUMP tokens, with 12,285 wallets containing over $1,000 in the cryptocurrency.
• Speculative rumors exist regarding a possible event for major token holders, allegedly organized by Trump himself, though these claims remain unverified.

The memecoin associated with U.S. President Donald Trump has experienced a price increase, reaching approximately $8.40. However, it remains over 88% less than its all-time high of $71 from January 18. This recent unlock might pose risks to investors, who are estimated to have collectively lost $2 billion after purchasing the token earlier this year.

Market reactions to token unlocks tend to flood the market and can drive prices down, but it appears that this particular scenario was anticipated, which could explain the current uptick in price. Still, the looming $320 million unlock heightens the possibility of a sell-off, especially considering TRUMP’s limited liquidity.

Amidst the Easter holiday weekend, trading activities have slowed, which can amplify price fluctuations. Additionally, unverified rumors are circulating regarding an event for large token holders potentially organized by Trump himself. Current blockchain analytics illustrate there are 636,000 TRUMP token holders, with only 12,285 wallets containing more than $1,000 in the cryptocurrency.