A week marked by increased volatility and large token unlocks has seen the $TRUMP memecoin do the opposite of what you’d expect, jumping by over 20% and currently priced above $12.
This is happening even as we saw a pretty hefty 40 million token unlock happen—20% of the total supply, which everyone was worried would lead to a massive sell-off. Instead, the price has really held firm. In fact, it’s not only held firm, but it has climbed into the top four memecoins by market cap, with an approximately $1.88 billion valuation.
This has really surprised traders and analysts, who were all set for a rapid drop in price after the supply unlock. But the price is holding up well in the face of some pretty significant selling, and it’s even managed to pop back above the January lows that were set before the unfurling began.
Token Unlock Absorbed as Trump Wallets Steady the Market
The prominent unlock event raised apprehensions about a potential dump, particularly in light of the fact that release of this much supply often hits the market hard and precipitates price drops. But on-chain data from the blockchain shows that Trump-oriented wallets still hold about 80% of the unlocked tokens and that these wallet overlords chose not to sell their tokens in a big way at this time. What this means is that the price of $TRUMP remains mostly in the $8-$10 range and, to retail and institutional dollar holders, signals it is a non-dump coin that carries with it a good degree of confidence.
This behavior is rare in the usually speculative memecoin sector, where token unlocks frequently lead to quick profit taking. Here, though, the unlock has been handled with apparent discipline, suggesting that the early backers and wallet holders of the token have a more considered strategy in mind—one that points toward the long-term success of this token.
Whale Exit Nets Over $480K Profit
A recent $TRUMP rally has gained more interest due to the actions of a major whale who made a highly profitable trade. Blockchain records show that this whale withdrew $10 million USDC from Binance to two addresses back in March. He then used $5 million USDC to buy 630,000 $TRUMP tokens at an average price of $7.93 on April 15.
鲸鱼在 5 小时前卖出 63 万枚 $TRUMP ($5.48M) 获利 $48.3 万。
他在 3 月份时从币安提出 1000 万 USDC 到两个地址，然后在一周前 (4/15) 使用 500 万 USDC 购买了 63 万枚 $TRUMP ，购买成本 $7.93。
5 小时前，他选择以 $8.7 的价格全部卖出了这 63 万枚 $TRUMP 换成 548.3 万 USDC。获利 $48.3… pic.twitter.com/RhaDjBdNgl— 余烬 (@EmberCN) April 23, 2025
Only five hours ago did this same trader liquidate his entire position in $TRUMP at a price of $8.70 per token, securing a return of $5.483 million USDC. The trade resulted in a neat profit of $483,000 within just one week, which underscores both the volatility and opportunity present in the memecoin market.
After the sale, the whale’s wallet now contains 10.48 million USDC, having doubled back on stablecoin reserves while securing a sizable gain in a short timeframe. As with the recent ETH transfer, this well-timed exit underscores the increasing sophistication of whales operating in the memecoin space, using precise execution and timing to leave behind markets that are driven by near-term hype.
A Serious Contender in the Memecoin Arena
At $1.88 billion, $TRUMP is now the fourth-largest memecoin, just behind Dogecoin, Shiba Inu, and Pepe. Its surge has not only been the result of good old meme magic but also of politically charged relevance and ripeness as the narrative-driven 2024 U.S. presidential election cycle continues to loom.
Both large investors and small traders have taken notice of the coin and are now trading it. Many trader types and large investors are speculating on a price action that is not only riding the political sentiment wave but is also, in some cases, postulating it could replace Bitcoin. As the race for president heats up in the U.S., any kind of real or symbolic association with Trump is likely to get traders to meme it into the stratosphere.
It remains to be seen whether $TRUMP can keep its bullish price action, especially in a market context where sentiment can abruptly change and “unlocking” tokens often prove to be bearish signals. But for now, the token has proven it can attract enough liquidity to keep rising, even in the face of an influx of new supply—substantial enough to make most of us think it’s also a good idea to take some profits.
As the memecoin season gets in full swing, Bitcoin having stirred up a bull run, $TRUMP is looking to be one of the major players in the game of speculation. Why is that? Well, it is a combination of factors, really. For one, it is extremely relevant as a meme. Not only that, it is also an extremely relevant meme in American politics. And then, as if all of that were not enough, there is something about the way $TRUMP has been accumulating over the last week or so that just feels, well, bullish.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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