Oh, Trump crypto coin, how the mighty have fallen! While other Solana meme coins like Bonk, Pudgy Penguins, Fartcoin, and Popcat have been soaring to new heights, Trump’s Official Coin has been lagging behind like a sad little duckling. 🦆
But don’t worry, Trumpers! There’s a big token unlock happening on Friday, and it’s expected to add over $100 million to Trump’s net worth, bringing his total estimated wealth to over $6.5 billion. 💰💰💰
However, this token unlock might not be all sunshine and rainbows for the Trump coin. Token unlocks are typically bearish events because they increase the circulating supply, and in this case, most of the tokens will go to entities controlled by Donald Trump, which may choose to sell. 😱
But wait, there’s hope! Justin Sun, the billionaire founder of Tron (TRX), has announced plans to acquire another $100 million worth of TRUMP tokens. This is notable, as he is the largest holder after Trump. 🤑
On-chain data shows that whales have increased their positions in the TRUMP token recently. They now hold over 5.95 million tokens, up from 5.72 million on July 14. 🐳
The Trump crypto coin has been a money loser for many investors, likely due to its recent and upcoming unlocks. Its market capitalization peaked at nearly $9 billion in January and has since plunged to $2 billion. 📉
But don’t lose hope just yet! The 12-hour chart shows that the Official Trump meme coin has moved sideways in recent weeks. As a result, the spread between the three lines of the Bollinger Bands has narrowed, while the Average True Range has dropped, a sign that volatility has declined. This low volatility could lead to a strong Bollinger Bands squeeze once fears surrounding the token unlock subside. If that happens, the next price level to watch is $15, the highest point reached on May 22. 🚀🚀🚀
Trump crypto coin price analysis
Read More
- USD GEL PREDICTION
- Gold Rate Forecast
- USD IDR PREDICTION
- LEO PREDICTION. LEO cryptocurrency
- AVAX PREDICTION. AVAX cryptocurrency
- EUR VND PREDICTION
- FIL PREDICTION. FIL cryptocurrency
- EUR AUD PREDICTION
- WLD PREDICTION. WLD cryptocurrency
- Silver Rate Forecast
2025-07-17 15:54