The TRUMP token, a Solana-based meme coin inspired by former U.S. President Donald Trump, is making headlines again. In the last 24 hours, its price climbed 7%, just days before a major token unlock event that could shake up the market.
$320 Million Unlock Coming April 18
On April 18, the project will unlock 40 million TRUMP tokens, worth an estimated $320 million at current prices. These tokens are allocated to the team, and their release will increase the circulating supply to around 240 million.
With the total supply capped at 1 billion, this unlock represents a significant chunk. In fact, it accounts for over 60% of all insider unlocks scheduled for the week. Other projects like Fast Token and Arbitrum will also unlock $80.6 million and $27.2 million, respectively.
Token unlocks often bring volatility. If a large portion of the newly released supply hits the market, prices may fall. That’s why investors are watching TRUMP closely as the unlock date approaches.
Price Recovery After Heavy Losses
Despite recent market weakness, TRUMP token is showing signs of life. After peaking at $73.43 in January, the price dropped nearly 89%, now trading around $8.03.
Yet, the last few days have seen a slow rebound from $7.50, suggesting possible short-term strength. Analyst sentiment is shifting slightly as technical indicators hint at a base forming for a potential breakout.
Holder Activity and Market Sentiment
Investor interest has cooled since launch. Dune Analytics data shows unique TRUMP holders fell from 817,000 to 637,000. Even more telling, wallets holding over $1,000 worth of TRUMP have plummeted—from 143,000 in January to just 12,000.
This drop stems from whale sell-offs and losses, but some buyers are returning. While confidence is still rebuilding, early signs of renewed demand are emerging.
Technical Indicators Point to Breakout Potential
Technical analysis shows TRUMP trading between $7.65 and $8.30 since April 8. This range could act as a launchpad if momentum builds.
The Chaikin Money Flow (CMF) is currently -0.03, slightly below neutral. A move above zero would indicate stronger buying pressure. Meanwhile, the Money Flow Index (MFI) is climbing and sits at 42.87, suggesting accumulation is underway.
If TRUMP pushes above the $8.30 resistance, it could rally toward $9.50. Analysts like CryptoBheem believe a breakout is likely after multiple tests of that level.
What’s Next for TRUMP Token?
Analysts have mapped out two likely scenarios:
- Bullish case: A breakout above $8.30 sends TRUMP to $9.50 or even $10.50–$11.00.
- Bearish case: Failure to hold $8.00 could mean a retreat to $7.50.
The coming days will be crucial. As the April 18 unlock approaches, all eyes are on TRUMP’s price action and whether bulls can regain control.
