- Trump’s official memecoin will unlock US$321M worth of tokens (20% of supply) on April 18, triggering fears of a sell-off in an already collapsing market.
- The token has dropped 83% since January, with active wallets and holders sharply declining; nearly half of holders are first-time Solana users, per Chainalysis.
- TRUMP’s plunge mirrors the broader memecoin slump, with the sector’s market cap falling from US$119B to US$50B and low liquidity compounding concerns.
Donald Trump’s official memecoin is about to unlock US$320M (AU$507M) worth of tokens, nearly 20% of the total supply, in what may be the final blow to one of the most catastrophic memecoin launches of this cycle.
The unlock, scheduled for next week, will hand over a massive chunk of tokens to the team behind the project. Investors, many of whom already lost big in January, aren’t optimistic. The token is currently trading at US$8.28 (AU$13), down 83% since January 18 —just two days before Trump was sworn into office.
Moreover, according to Dune Analytics, the TRUMP token has bled both price and user count since its peak. Wallets holding over US$1K (AU$1.6K) worth of TRUMP have fallen from 143,000 to just 12,000. Total holders are down to 637,000, from 817,000 when the token first launched.
Chainalysis data previously showed that many wallets buying TRUMP were first-timers, likely new to crypto altogether. That could limit some immediate sell pressure. The platform stated:
These are largely new retail buyers. ~50% of TRUMP and/or MELANIA token holders have never bought a Solana altcoin (tokens on the Solana blockchain excluding SOL and stablecoins) before. Nearly half of the buyers created their wallets the day they purchased the tokens.
ChainalysisMemecoin Market Slumps
TRUMP’s decline comes as the broader memecoin market continues to unravel. According to CoinGecko, the total memecoin sector has plunged from US$119B (AU$189B) in December to just US$50B (AU$79B) today. Most of the tokens that launched in this cycle followed the same formula: celebrity branding, insider allocations, and no real demand once the hype wore off.
Market depth data is equally bleak. Dune shows that 2% market depth for TRUMP, used to assess how much liquidity is available within a 2% price range, currently sits between US$980K (AU$1.5M) and US$2M (AU$3.17M).
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