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$TRUMP Token Faces Mounting Pressure Ahead of Major Unlock as Market Cap Plummets
In a shocking turn of events, the once-mighty $TRUMP token has seen its market capitalization plummet by over 80% from its all-time high. The cryptocurrency, which was previously valued at over $13 billion, is now worth a mere $1.5 billion.
This sudden and drastic drop in value has raised concerns among investors about the potential impact of an upcoming major unlock, set to occur on April 18, 2025. As it stands, approximately 321.6 million dollars’ worth of $TRUMP tokens will be released into the market, with all funds going directly to the founding team and standardizers.
The significant drop in value has also highlighted concerns about the token’s fundamental flaws, including its low float and high fully diluted value (FDV). This combination creates an unstable market dynamic, making it difficult for investors to accurately predict the token’s future trajectory.
Source: https://nulltx.com/trump-token-faces-mounting-pressure-ahead-of-major-unlock-as-market-cap-plummets/
