TechFlow, April 12 — According to CoinDesk, the TRUMP token will undergo a major unlock next week, with the team receiving tokens worth approximately $320 million, accounting for about 20% of the circulating supply.
The TRUMP token is currently trading at $8.03, down 83% since January 18. Data shows that the number of TRUMP token holders has dropped from 817,000 at launch to 637,000, while the number of wallets holding over $1,000 worth of tokens has declined from 143,000 on January 19 to just 12,000 today.
Notably, the token's current 2% market depth ranges only between $980,000 and $2 million. If the team sells the unlocked tokens on the open market, it could severely impact the price. Earlier reports from Fortune indicated that investors collectively lost around $2 billion after purchasing the token in January this year.
