Trump Memecoin under pressure as a 320 million unlockable token

Solan Memoin, Trump, faces growing market pressure as a huge token unlock.

Toward data From tokenomist, 18. April, the project will publish 40 million tokens, worth over $ 320 million in the current prices in their team. This is Trump’s first major unlock and will add approximately 20% of the current circulating supply of the market.

After the event, 493,000 Trump, about $ 4 million, will unlock every day until the next main unlocking in July. The upcoming unlocking triggered concerns about the potential price influence due to the increased intake of the token.

Trump trades $ 8.27 from time to print, more than 5% over the past day. Token is now 88% below its all time in the amount of $ 73.43, 19. January, according to coongecko data. Due to the increased market activity before unlocking, trading volume increased 23% to $ 476 million in the last 24 hours.

The data on the chain pointes out the decline in the interest of the investor. Data from Dina commandboard It shows that the total number of wallet holder decreased to 638,000, from 0.3% this week and a huge decline of over 800,000 records recorded in January. Less than 13,000 wallets have more than $ 1,000 in Trump, indicating that a large percentage of users have modest, speculative farms.

Technical indicators indicate the bear pressure on the token. Most important moving averages are below the retail current price, with 20- and 50-day exponential movable averages indicate further reductions. The weak Bullash Crossover in a moving average convergence / divergence suggests the possibility, but an uncertain recovery, while the relative strength index is over the territory covered at 37.37.

Support is located near 7.50 USD, where Trump previously saw interest. The price could move to $ 6.80 if it breaks below this level. Resistance is expected near near $ 9,20 and $ 10.90, which correspond to the long-term movable average.

Although merchants with the entry of Trump goods like GetTrumpsneakers.com can use Memecoin, his price The movement shows that investors are more interested in speculation than in the use of the real world. As unlocking is approaching, traders will store on the market feeling and prices movement.