In January 2025, former U.S. President Donald Trump created a memecoin called $TRUMP. Initially, the token’s price soared to $75.35. However, the token’s value has since plummeted by 83% and is currently priced at around $8.
Many investors have suffered significant losses. Reports indicate that approximately 813,000 wallets purchased the coin, resulting in a collective loss of nearly $2 billion since its launch.
A crucial event is scheduled for April 17, 2025, where the project team plans to release an additional 40 million $TRUMP tokens, worth approximately $320 million. This release represents about 20% of the token’s total supply and is primarily owned by businesses such as CIC Digital LLC and Fight Fight Fight LLC.
Investors are growing anxious as the team’s liquidation of these unlocked tokens on the open market could rapidly increase the token’s supply and further drive down its price. However, due to limited liquidity and a lack of buyers, this could potentially cause a significant collapse in the token’s value.
While some early investors profited immensely, with one individual making over $300 million from a $1 million investment, subsequent investors have seen their funds dwindle rapidly.
This situation highlights the risks associated with memecoins, especially those tied to public figures. As the unlock date approaches, the market closely watches to see what lies ahead.
Note: Investments carry market risks. Please invest carefully. We do not accept responsibility for any financial losses.
