President’s Crypto Earnings Reach New Heights: Significant Token Unlock Yields Substantial Financial Gain

Did Trump Just Earn $93M From His Memecoin’s Token Unlock?

President Donald Trump has reportedly earned a whopping $93 million from the unlock of his Official Trump [TRUMP] memecoin tokens, according to recent data. The massive sum comes as a result of the token unlock, which handed his affiliated businesses access to nearly 90 million tokens.

The unlock saw Trump-affiliated entities gain control of a significant portion of the token’s total supply across four labeled allocations. CIC Digital, an entity closely tied to the U.S. President, now holds 76% of the tokens, with the majority going to CIC Digital 2, which already held 18% of the supply prior to the unlock.

While the memecoin itself failed to generate significant price action following the unlock, the data suggests that the value of the unlocked tokens is firmly within Trump’s reach. It appears that there has been no indication that he intends to cash in on his newfound wealth just yet, mirroring his behavior during the last token unlock.

Despite a lackluster market response to the event, foreign buyers and prominent figures like Justin Sun have come forward to pledge support for the memecoin. This surge in backing has allowed the coin to maintain its value, thereby increasing Trump’s crypto-fueled fortune by a staggering $93 million.

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Source: ambcrypto.com