TRUMP Memecoin Faces $320M Token Unlock—Will It Survive the Pressure?

Donald Trump’s Solana-based memecoin, TRUMP, is facing a high-stakes moment this week, one that could send its already shaky price into deeper trouble.

On April 18, a major token unlock will release 40 million TRUMP tokens, worth over $320 million at current prices, directly to the team. That’s a 20% increase to the current circulating supply overnight. And the market? It’s already feeling the pressure.

With a token unlock this large, investors know the drill: more supply usually means more selling. Especially when sentiment is already fragile.

First Unlock, Huge Stakes

This is TRUMP’s first major token unlock, and the numbers are staggering. After the initial 40 million drop, another 493,000 tokens, worth about $4 million, will be unlocked daily, continuing until the next big unlock in July.

The memecoin, which once hit a euphoric high of $73.43 in January, is now trading at just $8.27, down 88% from its peak. It’s also down over 5% in the past 24 hours alone.

According to Tokenomist and on-chain dashboards, trading activity is up 23% in anticipation of the unlock. But the increased volume isn’t a bullish sign, it suggests that traders are repositioning, maybe even exiting, ahead of the dilution.

Wallets Dropping, Confidence Fading

The excitement that once surrounded TRUMP is clearly fading. Wallet data from Dune shows a slow but steady drop in the number of holders, now at 638,000—a steep fall from over 800,000 in January.

Even more telling? Only 13,000 wallets hold more than $1,000 worth of TRUMP. That means most holders are likely in it for fun or fast flips—not long-term belief.

The memecoin may have some practical usage with Trump-themed platforms like GetTrumpSneakers.com, but let’s be real—this is still pure speculation territory, and utility isn’t doing much to support the price.

Technicals Show Trouble Ahead

Chart watchers don’t have good news either. TRUMP’s technical indicators are flashing warning signs. The price is currently hovering just above a support level at $7.50—a critical point that’s seen some previous buying.

If it falls below that, we could see a quick move down to $6.80, especially with bearish sentiment in full force. On the upside, resistance levels sit at $9.20 and $10.90, but breaking those would require a serious shift in momentum.

The RSI (Relative Strength Index) sits at 37.37, just above the oversold threshold, suggesting that any recovery would be weak unless new buyers step in hard. Meanwhile, the 20- and 50-day moving averages are both bearishly aligned, with no strong signs of reversal.

Conclusion: Will TRUMP Sink or Survive?

With a massive unlock looming and technicals looking grim, TRUMP is entering one of its riskiest weeks yet. The memecoin’s future may depend on how the market absorbs the incoming flood of tokens—and whether investor faith can be restored in time.

For now, most eyes are on April 18. Will TRUMP hold the line—or is another plunge incoming?

Either way, this week could redefine its entire narrative.

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