Donald Trump’s memecoin shoots after the unlocking of 40 million tokens
Official Trump (Trump), the official memecoin of the president of the United States, Donald Trump, shot up after the unlocking of 40 million tokens.
As cryptootics has reported, on April 18 it was carried out 4% unlock of the total project supplywhich means that there are currently 240 million Trump tokens.
This increase in supply could have a bear effect on the price if it is not accompanied by proportional demand, which raises doubts about the sustainability of its current rebound.
However, as Mena Theodorou, co -founder of the Coastash exchange platform anticipated, the team behind Trump could have planned a strategic movement for this key moment: “I would not be surprised that we saw a strategic update or news of Trump’s team almost at the same time as this unlocking.”
And that was what happened in the course of today, April 23.
Is that the creators of the project and CIC Digital (an entity owned by Trump) announced that The 220 main holders of the Memecoin will be invited to a gala dinner with the US presidentscheduled for May 25.
“President Donald J. Trump is known as the ‘crypto president’. At this private dinner, he listens to President Trump to talk first hand about the future of cryptocurrencies,” he stands out in the announcement.
In addition, the organizers of the event added that the 25 greatest Trump holders will be invited to an exclusive reception before dinner with the president.
The news had an immediate impact on the price of Token on the Solana Red, which became the best weekly performance, registering an increase of 66%.
At the time of the publication of this note, Trump’s price is $ 13.13, 83% below its historical maximum (ATH) of $ 75.
To participate in the event, those interested must connect their wallet and provide their full name, email and telephone number. Then, from April 23 to May 12, they must maintain as many tokens Trump.
The position in the ranking will be determined according to the average possession during this period.
Due to this dynamic, it is possible that in the next few days The asset experiences high volatility in its pricedriven both by competition between participants and by speculation around the event.
Therefore, it is essential that each investor investigates and analyzes carefully before making any financial decision.
An experience designed to combine politics, cryptocurrencies and show in a single event.
The truth is that this announcement shows the influence that Trump is having on the digital asset market.
This is an issue that does not go unnoticed because, taking into account the position it occupies, Any decision you make or announcement could favor your most intimate circle or the members of the project.
And here it is important to remember that Trump has a maximum supply of 1,000 million tokens, distributed as follows: 80% for the creators of the project and CIC Digital, 10% for liquidity and 10% for public distribution.
In addition, it makes it clear that the Token is tied more to Trump’s figure than to fundamental factors. That is, it does not solve any problem and its usefulness is practically nil.
For this reason, Maxine Waters, Democratic congressman for California, had requested to investigate whether memecoin Trump is related to a possible scheme of pump and dump, a mechanism through which a group of people with privileged information (Insiders) They manipulate prices to sell expensive and leave losses to the last to enter.
