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COINTURK NEWS > Altcoin News > TRUMP Memecoin Sees Unexpected Price Surge Following Token Unlocking
Altcoin News

TRUMP Memecoin Sees Unexpected Price Surge Following Token Unlocking

In Brief

  • TRUMP memecoin's recent token unlocking caused a brief price surge.

  • Market analysts present mixed views on the token's future value.

  • Investors are cautioned about potential market volatility affecting long-term positions.

Fatih Uçar
Fatih Uçar 3 weeks ago
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The TRUMP memecoin, associated with former President Donald Trump, has emerged as one of the most notable assets in the cryptocurrency market recently. After plummeting approximately 80% from its all-time high, the token presents significant risks and opportunities for traders. The recent unlocking of 307 million tokens triggered a brief surge in the market, rekindling investor interest.

Contents
Token Unlocking Briefly Influences Market DynamicsTechnical Signals and Market Sentiment

Token Unlocking Briefly Influences Market Dynamics

Typically, token unlockings are expected to create selling pressure; however, the TRUMP memecoin experienced a limited yet positive price movement contrary to this expectation. With 307 million tokens unlocked, only 40 million entered circulation immediately. The remaining tokens will be released gradually, at a rate of 4 million per day, helping to alleviate sudden pressure on the price.

Market experts suggest that this limited access helped prevent a drastic collapse in price. Following the unlocking, the TRUMP memecoin appreciated nearly 10%, rising from $7.5 to $8.5. However, opinions remain divided on whether this uptick will be sustainable.

Technical Signals and Market Sentiment

Market analysts and participants express varied opinions regarding the future of TRUMP memecoin. A cryptocurrency analyst known as CryptoCove highlights increased trading volumes and technical formations, suggesting that prices could rise by up to 12%. Signs of recovery appearing in short-term charts have sparked discussions among investors about a potential new bullish wave.

Conversely, some commentators approach this optimism with caution. While predictions suggest prices could reach $12, macroeconomic uncertainties, political developments, and fluctuations in the broader crypto market could complicate these forecasts. If the support level around $7.5 is lost, there are concerns that the price could face sharp declines again.

As of the latest data, TRUMP memecoin is trading around $8.20. Although the increase in trading volume and the rebound in market value offer positive short-term indications, investors are advised to exercise caution when taking long-term positions.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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Fatih Uçar 19 April, 2025 - 3:40 pm 19 April, 2025 - 3:40 pm
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