A $370 Million Supply Shock Is About to Hit the TRUMP Token Tomorrow
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- TRUMP faces largest unlock event as 40M tokens worth $370M enter circulation
- Price nears critical $9 support zone after consistent lower highs and lows
- RSI and MACD suggest weak momentum despite speculative trading activity
The TRUMP token is heading into a crucial trading day, as 20% of its total supply—worth approximately $370 million, is set to be unlocked tomorrow, according to data from Messari. This event will release 40 million new tokens into circulation, marking the final and largest scheduled supply increase for the project.
The massive unlock adds considerable pressure to the already bearish token, especially as it hovers just above a vital support level. The next 24 hours may define the short-term trajectory for the politically-themed cryptocurrency, which has been losing momentum recently.
Price Action Slips Toward Key Support
TRUMP as of press time is trading at $9.09, marking a daily decline of 4.42%. The price opened…
The post A $370 Million Supply Shock Is About to Hit the TRUMP Token Tomorrow appeared first on Coin Edition.
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