The official memecoin of President Trump (Trump) is about to go through a huge token discharge worth around $ 341 million.
According to Crypto Tokenomics Data Aggregator Tokenomist40 million Trump -Tokens will be unlocked on the open market on 18 April.
With 199 million Trump -Tokens currently in circulation, the unlocking represents approximately 20% of the circulating range of the memecoin.
Trump currently has a market capitalization of $ 1.69 billion and a fully diluted appreciation (FDV) of $ 8.48 billion.
Token -disclosures are often considered a bearish for crypto assets, since new delivery will soon be available and the sales pressure can be higher.
Like most digital assets, Trump recently suffered after the Escalation of the President’s trade war, starting when he signed an executive order that rates on all the imported goods that entered the US with the indicated goal of protecting domestic production.
Despite the unlocking, Cryptocurrency Trader and analyst Ali Martinez Bullish leans on Trump.
Martinez tells his 134,800 followers on the social media platform X that Trump could prepare for a bullish reversal based on the sequential indicator of Tom Demark (TD) at the weekly period.
The TD -sequential indicator is used to identify potential trend rating points in technical analysis.
Says Martinez,
“The TD sequence has just flashed a purchase signal on the Trump Weekly Chart!
Main support: $ 7.13
Breakout -confirmation: $ 11.96
Goal: $ 17.94. “
At the time of writing, Trump is worth $ 8.37.
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Generated image: midjourney