Cryptocurrency market participants are gearing up for a large number of Meme Coin unlocked listings. Trump Meme Coin TRUMP plans to unlock 40 million tokens allocated to affiliated groups on Thursday, which means that holders such as early investors or insiders who were previously restricted from selling can now trade these tokens freely.
Messari analyst Dylan Bane said that if unlocked or would trigger a sell-off, the move would raise the risk of further price declines, but the Trump team is likely to do so because they don't want negative coverage. Parataxis co-creator Edward Chin pointed out that if the Trump team works with the right market makers, unlocking in the short term may not be as important. But in the long run, additional supply will put pressure on price action, either driving down prices or preventing prices from rising significantly even if new demand enters the token.
Bloomberg: Team Trump May Not Sell Quickly After Meme Coin TRUMP Unlocked
2025-04-17 07:00:02
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