TRUMP will usher in a large-scale unlocking, and there are 12,000 addresses with holdings exceeding $1,000

Planet Daily News: Trump's meme token TRUMP will undergo a massive token unlock next week, with 40 million tokens to be unlocked on April 18. The project team will receive tokens worth $320 million, approximately 20% of the circulating supply. If the unlocked tokens are sold on the open market, the supply and liquidity ratio could be severely imbalanced, potentially further pressuring the price. Since its launch on January 18, the TRUMP token price has reached $7.14, with the current price at $8, representing an 83% decline from its peak. According to Dune data, the number of TRUMP token holders has dropped from 817,000 at launch to 637,000, with currently only 12,000 wallets holding over $1,000 worth of TRUMP tokens, a significant decrease from 143,000 on January 19. Token unlocks are typically considered negative events, though markets sometimes anticipate and price in expectations, potentially causing prices to drop to new lows before a slight rebound after unlocking. It remains uncertain whether the Trump team will sell the unlocked tokens, but if sold on the open market, it could create short-term price pressure. The 2% market depth indicator shows that the current liquidity level between $980,000 and $2 million cannot absorb the $320 million selling pressure. The meme coin craze is gradually dissipating, with the total meme token market value plummeting from $119 billion in December to the current $45 billion. (CoinDesk)