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Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

TRUMP Memecoin Explodes Past $8 Amid Token Unlock Pressure

Opeyemi Sule
Opeyemi Sule
1 month ago
2 mins read
TRUMP

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Este artículo también está disponible en español.

The price of TRUMP has witnessed an exciting jolt of bullish momentum this weekend, outperforming most of the assets in the top 100 on Saturday, April 19. The United States President Donald Trump’s meme coin has increased in value by more than 8% in the last 24 hours. This positive price spurt came despite the recent unlocking of a significant amount of tokens into open circulation.

Project Creators Unlock 40 Million Tokens In First Event

On Friday, April 18, the creators of the TRUMP meme coin released 40 million tokens in the first unlock event for the project. The unlocked tokens, which were worth about $310 million at the time of the event, represent just 4% of the total supply, but over 16% of the current circulating supply.

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The Official Trump meme coin has not been in particularly good form in recent weeks, falling further away from its record high price of $71 reached in January. According to data from CoinGecko, the token’s price is down from its all-time high by roughly 90% in the past three months.

Prior to the unlock event, the TRUMP token was valued at around $7.54 and had been oscillating between $7.46 and $7.83 on the day. However, the impending release of 40 million tokens from a three-month lockup did little to improve the sentiment around the meme coin, as investors predicted an extended period of downward pressure.

Historically, large token unlocks are deemed bearish events, as they allow holders to sell off their assets on the open market. With increasing token supply and insufficient demand, the meme coin’s price was expected to further crumble under the selling pressure.

Interestingly, the price of TRUMP seems to be reversing the trend and moving against the crowd’s expectations after surging by more than 8% to reclaim the $8 mark on Saturday. While the meme coin’s price has somewhat cooled down, it did climb as high as the $8.60 mark on the day.

The Official Trump meme coin was launched earlier in January 2025, a few days before the inauguration of Donald Trump as President of the United States. The launch was met with some criticism in the industry, especially as President Trump also promoted the cryptocurrency. The April 18 unlock event represents the first among numerous “cliff” releases expected to come at later dates.

TRUMP Price At A Glance

As of this writing, the price of TRUMP lies at around $8.33, reflecting an 8.6% increase in the last 24 hours. However, this positive single-day action was not enough to put the meme coin in the green on the weekly timeframe — still down by 1.5% in the last seven days.

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TRUMP
The price of TRUMP on the daily timeframe | Source: TRUMPUSDT chart on TradingView
Featured image from Gearbest, chart from TradingView
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Opeyemi Sule
Opeyemi Sule

Opeyemi Sule

Opeyemi is a proficient writer and enthusiast in the exciting and unique cryptocurrency realm. While the digital asset industry was not his first choice, he has remained absolutely drawn since making a foray into the space over two years. Now, Opeyemi takes pride in creating unique pieces unraveling the complexities of blockchain technology and sharing insights on the latest trends in the world of cryptocurrencies.

Read more

Opeyemi savors his attraction to the crypto market, which explains why he spends the better parts of his day looking through different price charts. “Looking” is a rather simple way to describe analyzing and interpreting various price patterns and chart formations. However, it appears that is not Opeyemi’s favorite part - in fact, far from it.

Being able to connect what happens on a price chart to on-chain movements and blockchain activities is what keeps Opeyemi ticking. “This emphasizes the intricacies of blockchain technology and the cryptocurrency market,” he would say. Most importantly, Opeyemi thinks of any market insights as the gospel, while recognizing that he is only a messenger.

When he is not clicking away at his keyboard, Opeyemi is most definitely listening to music, playing games, reading a book, or scrolling through X. He likes to think he is not loyal to a particular genre of music, which can be true on many days. However, the fast-rising Afrobeats genre is a staple in Opeyemi’s Spotify Daily Mix.

Meanwhile, Opeyemi is a voracious reader who enjoys a wide category of books - ranging from science fiction, fantasy, and historical, to even romance. He believes that authors like George R. R. Martin and J. K.
Rowling are the greatest of all time when it comes to putting pen to paper. Opeyemi believes his reading of the Harry Potter series twice is proof of that.

Indeed, Opeyemi enjoys spending most of his time within the four walls of his home. However, he also sometimes finds solace in the company of his friends at a bar, a restaurant, or even on a stroll. In essence, Opeyemi’s ambivert (haha! been searching for an opportunity to use the word to describe myself) nature makes him a social chameleon who is able to quickly adapt to different settings.

Opeyemi recognizes the need to constantly develop oneself in order to stay afloat in a competitive and ever-evolving market like crypto. For this reason, he is always in learning mode, ready to pick up the slightest lesson from every situation. Opeyemi is efficient and likes to deliver all that is required of him in time - he believes that “whatever is worth doing at all is worth doing well.” Hence, you will always find him striving to be better.

Ultimately, Opeyemi is a good writer and an even better person who is trying to shed light on an exciting world phenomenon - cryptocurrency. He goes to bed every day with a smile of satisfaction on his face, knowing that he has done his bit of the holy assignment - spreading the crypto gospel to the rest of the world.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

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Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
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Strict editorial policy that focuses on accuracy, relevance, and impartiality

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