President Trump’s official Memecoin (Trump) is trying to unlock a large -scale token lock of about $ 335 million.
According to Crypto tokenomics Data Aggrgator tokenomist, on April 18, 40 million Trump tokens will be unlocked in the open market.
Currently, 190 million Trump tokens are circulating, and the unlocking is about 20%of Memecoin’s circulation supply.
Trump currently has a market cap of $ 16.9 billion, and FDV (Fully Dilected Valuation) has $ 8.8 billion.
Token locks are often considered weak in encryption assets. Considering that a new supply will soon be provided and the sales pressure may be higher.
Like most digital assets, Trump suffered after the expansion of the presidential trade war, and an administrative order to hurt all the imports of imports entering the United States with a specified goal of protecting domestic manufacturing.
Despite the unlocking, Cryptocurrency trader and analyst Ali Martinez is optimistic from Trump.
Martinez says to 134,800 followers on social media platform X that Trump can be prepared based on the weekly Tom Demark (TD) sequential indicators.
TD sequential indicators are used to identify potential trend reversal points in technical analysis.
Martinez says.
“TD sequence flashed the purchase signal on the Trump Weekly Chart!
Main support: $ 7.13
Brake Out Check: $ 11.96
Goal: $ 17.94. ”
At the time of writing, Trump is worth $ 8.37.
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Created image: Midjourney