The Trump Coin, a politically charged cryptocurrency belonging to former U.S. President Donald Trump, faces massive scrutiny after witnessing a major token unlock event. On April 18, 2025, around 40 million TRUMP tokens worth over $300 million were unlocked and entered the market. This entry accounts for about 20% of the coin’s circulating supply and has raised questions regarding possible market effects.
Market Responses to the Token Unlock
Historically, large token unlocks have resulted in a supply increase and subsequent price drops. For TRUMP, the short-term aftermath saw the unexpected 8% intraday bounce, with the coin regaining the $8 price point and registering a 68% 24-hour trading volume increase. This unexpected jump implies that the market might have digested the new supply better than expected.
But the larger picture is one of complexity. TRUMP has lost around 90% of its value since its high point of $76.76 in January 2025. The recent token unlock has heightened speculation regarding the coin’s long-term sustainability and future price volatility.
Investor Sentiment and Future Outlook
Investor sentiment is still mixed. Technical indicators are cited by some analysts as hinting at bullish reversal potential. The development of a triangle pattern and positive indications from the Moving Average Convergence Divergence (MACD) and Simple Moving Average (SMA) indicators indicate potential upward momentum. If the bullish trend persists, TRUMP may test resistance levels at $9.
On the other hand, there are still concerns over the fundamentals of the coin. The absence of any added utility or backing from the Trump Organization, combined with the massive token unlock, threatens to create doubts over the sustainability of the coin. Some warn of possible price plunges as low as $3 by the end of May if selling pressure mounts.
The future of the TRUMP token will in all probability hinge on a mix of market forces, investor sentiment, and wider regulatory trends. As the crypto space keeps developing, the performance of the coin in the next few weeks will be under close observation from supporters as well as skeptics alike.
Also read: Crypto Markets React as Trump Hints at Easing US-China Trade Tensions
