TRUMP Memecoin Price Jumps 10% After $307M Token Unlock Event

TRUMP Memecoin Defies Expectations With Strong Rebound After Unlock

The TRUMP official memecoin, which is inspired by the U.S. President Donald Trump, has surprised the crypto market with a 10% surge in the token price. This rally came while the currency was at a struggling stage, also unlocking TRUMP coins of about $307 million. Traders anticipated that this event would result in hampering the price of the currency. In contrast, it gave an unexpected high to the project. 

Price Rebounds After Heavy Losses

The recent rise in coin's price is a big deal for holders. After reaching a peak earlier, the price fell hard, losing around 80% of its value from it's all-time high. In just the last month, it dropped 28%, putting it deep in bearish territory.

However, things flipped when the token rebounded from a low of $7.50, climbing to $8.50 today before settling around $8.37. Trading volume also spiked, with more than $492 million in activity, and the coin’s market cap now sits at $1.64 billion. This sudden change in direction has caught the attention of traders and crypto fans alike.

Source: CoinMarketCap

Why Did the Price Go Up?

Typically, when numerous coins are unleashed, prices fall. That's because increased tokens in circulation can suppress demand and send prices down. But that wasn't the case this time for the TRUMP memecoin.

Out of the $307 million tokens of which were only 20% of the total supply announced to be unlocked, 40 million were supplied in the first attempt. The others will come slowly, roughly $4 million every day, which helped make the transition more bearable and gave the market some time to readjust.

An alternative explanation for the bounce could be increasing curiosity surrounding the President's public appearances and political actions. Some surmise that his implications for potential interest-rate cuts and trade negotiations in the U.S. might have spurred investor confidence, albeit indirectly. This provided the token a platform to perform well despite the lack of clarity on the economic environment.

Can TRUMP Coin Sustain its Gains?

Market analysts are divided as to what's ahead. Though the day's advance is bullish, some believe it's short-term in nature and not a harbinger of a long-term uptrend. Nonetheless, technical charts are reporting strength — in the form of increasing momentum and high trading activity.

Some community members are even talking about the token hitting $12 in the future, but that would require steady buying interest and more positive news. If that momentum fades, currency could struggle again.

There’s also a downside risk. If the price falls below key support levels, some analysts warn it could dip to $2.50 or lower. That makes the next few days crucial for the token’s path forward. 

Final Thoughts

The jump of 10% of TRUMP memecoin depicts that even bearish currency can give surprising results in the market giving the right situation. The event of unlocking was supposed to reduce the prices, but smart timing and enhancement of sentiment assisted in the rise of the token. The uncertainty is still there, token holders must stay aware and updated.