Trump’s $900 Million Memecoin Unlock Sparks Market Volatility
Donald Trump's cryptocurrency venture has triggered significant market movements as 90 million TRUMP tokens, valued at nearly $930 million, became tradable. The unlock event coincides with a steep 85% decline from the token's all-time high of $73, fueling investor unease. Trading volume spiked 169% ahead of the release as traders braced for potential sell pressure.
Two Trump-linked entities—CIC Digital LLC and Fight Fight Fight LLC—control 80% of the total supply. The ownership structure remains opaque, with Fight Fight Fight LLC managed by TRUMP associate Bill Zanker. The newly unlocked tokens will distribute across four Trump-affiliated groups, with the largest allocations going to CIC Digital-related addresses.