US President Donald Trump expressed his support for his official memo reflects the public’s feelings of his leadership.
Trump shared a newsmess article on how his official cryptocurrency token acts as a gauge of political propulsion in a post on the social media platform Truth Social, and how to reflect the views of some encryption industries.
The president can recognize his memes as a success bar, but the market performance of the token draws a cooler picture when used as an emotional gauge.
At the time of writing, his official Trump (Trump) memo was traded to about $ 10, down 85 percent after a record high of $ 73 in January. Token locks of $ 550 million, scheduled for July, can be lowered.
Trump token has set up a $ 550 million unlocked unlock.
According to the onchain data compiled by Tokenomist (previous token unlocks), only 26.48%of Trump Token’s total supply was unlocked, and about 775 million tokens were not distributed to 73.52%.
On July 18, Trump token is 25%of the current circulation supply. According to Tokenomist data, more than $ 50 million tokens will be unlocked.
Many tokens hit by the market may be more likely to fall for the token price, especially if demand is not expanded at the same time.
On June 7, Trump’s son, Eric Trump, attempted to strengthen market trust using World Liberty Financial on June 7, a encryption company supported by Trump, and the WLF plans to acquire Memecoin Tokens’s “considerable amount.” It was announced.
The price of the token did not respond much, and the tin says, “It is not a good signal.”
Ultimately, whether investors absorb the upcoming unlock or respond to market selling can show a wider political passion for Trump’s leadership.
relevant: Family organizations do not know the launch in Trumpmem’s wallet ‘Absolute Chaos’.
Memecoins as a public appraisal measurement tool
It is not new to use Memecoins as a tool to measure public feelings. Yat SIU, co -founder of Animoca Brands, told Cointelewraph that Trump Token’s rapid rise is due to over -advertising and novelty.
But management said that in the long run, it can reflect a broader attitude toward President Trump.
magazine: The $ 79 -t baby boom generation is finally on board with Bitcoin.