"Official Trump (TRUMP), Large-Scale Token Unlock Scheduled for Next Week...Worth About $900 Million"
Minseung Kang
Summary
- It was announced that Official Trump (TRUMP) tokens, amounting to approximately 9% of the total supply and worth about $900 million, will be unlocked next week.
- Centora reported that the scheduled TRUMP token unlock accounts for 45% of all tokens being unlocked.
- There are concerns in the market that this large-scale unlock could act as selling pressure in the short term.
Reports indicate that the meme coin Official Trump (TRUMP), themed after President Donald Trump, is set for a large-scale unlock next week.
On the 11th, blockchain analytics company Centora (formerly IntoTheBlock) announced via X (formerly Twitter) that "TRUMP tokens amounting to about 9% of the total supply will be unlocked next week, corresponding to a market value of about $900 million (approximately ₩1.239 trillion)."
Centora added, "The total value of all tokens being unlocked next week is $1.49 billion, and the scheduled TRUMP token unlock accounts for 45% of that total."
Meanwhile, there are concerns in the market that this unlock could create short-term selling pressure.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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