Trump-Themed Memecoin Rallies 8% Amid Major $320 Million Token Release
Despite a substantial unlock event releasing $320 million worth of tokens into circulation, the Trump-associated memecoin has defied typical sell-off pressure by surging 8% in value. This unexpected bullish movement highlights strong market interest and speculative demand surrounding the politically branded cryptocurrency. The resilience shown by the asset suggests either accumulation by large holders or renewed retail enthusiasm, potentially signaling a decoupling from standard tokenomic responses to dilution events. Analysts are closely monitoring whether this upward trajectory can sustain itself post-unlock as trading volumes and liquidity dynamics adjust to the increased supply.
The coin’s purpose is still unclear
Beyond bets on the price action and movements, the coin’s purpose remains unclear. The project’s website says the tokens are “an expression of support for, and engagement with, the ideals and beliefs embodied by the symbol ‘$TRUMP’ and the associated artwork,” and stresses they are “not intended to be … an investment opportunity, investment contract, or security of any type.”
Blockchain data by Dune shows that 636,000 wallets hold TRUMP, but only 12,285 control more than $1,000 worth. Research firm K33 labeled the tokenomics “poor” in a January note when the coin briefly touched its record $71.
Regulatory scrutiny has followed the hype. Three days before taking office, Trump promoted the Solana‑based token on social media. The watchdog group Public Citizen urged authorities to investigate the endorsement.
Reuters reported in February that entities behind the coin collected nearly $100 million in trading fees within two weeks, citing estimates from three blockchain‑analysis companies.
Government concern has also spilled into lawmaking. Last month, House Financial Services Committee Chair French Hill, R‑Ark., said the Trump family’s growing crypto activity is complicating congressional efforts to craft stable‑asset rules. It includes links to the decentralized‑finance venture World Liberty Financial and its planned stablecoin.
Trump is listed as manager, president, secretary, and treasurer of CIC Digital LLC, which has already licensed his likeness for several NFT collections.
Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot
