TRUMP Memecoin Explodes Past $8 Amid Token Unlock Pressure 📈
The TRUMP memecoin has experienced a bullish surge this weekend, climbing by over 8% and outperforming most top 100 assets. This comes despite the release of 40 million tokens, equivalent to 16% of the circulating supply, which typically leads to downward pressure due to increased selling potential.
Initially launched before Donald Trump's inauguration in January 2025, the TRUMP token has seen significant volatility, currently priced at $8.33. Although the price spike brought it up to $8.60 at its peak on Saturday, the memecoin remains down by 1.5% over the past week.
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