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Did Trump just earn $93M from his memecoin’s token unlock?
No sell-off. No pump. Just a staggering $93 million more on the books for the President’s circle.
A massive $938 million TRUMP token unlock has granted Trump-affiliated entities access to nearly $93 million worth of tokens. The market barely reacted, but with backing from foreign investors and crypto heavyweight Justin Sun, the memecoin remains afloat, making Trump richer on paper.
Despite the token unlock, TRUMP coin’s rally barely held its ground. On July 18th, a whopping 90 million tokens were released, marking its first major unlock in six months, injecting substantial liquidity into the market. However, the price action was underwhelming. The memecoin briefly spiked to $10.24 before settling near $10.11 at press time.
The RSI hovered just under 61, hinting at moderate strength, while the MACD showed only a mild bullish divergence. The lukewarm response from the market suggests fading investor excitement, even as wallets saw their paper wealth swell.
But here’s the catch – the lion’s share of token gains are flowing to Trump-affiliated entities. CIC Digital, an entity closely tied to the U.S. President, now controls 76% of the token’s total supply across four labeled allocations. Following the recent unlock of 90 million tokens, the largest increase went to CIC Digital 2, which already held a significant stake in the memecoin. This wallet received an additional 4.5% of the total supply, further solidifying its position.
In total, Trump-linked entities now have access to nearly $93 million worth of tokens. So, regardless of how the memecoin performs going forward, the President and his circle continue to come out ahead.
Did the unlock make Trump richer? Technically, yes. The staggering $93 million worth of unlocked TRUMP tokens now resides within the reach of businesses tied to him. However, there is no indication he has cashed out yet; just as was the case during the last unlock. Nevertheless, the optics matter: with massive foreign buyers like a mysterious Chinese firm and crypto mogul Justin Sun pledging an additional $100 million, the memecoin’s backing looks as much political as it is financial. Even if Trump never sells a single coin, the sheer presence of that value continues to boost his crypto-fueled fortune.
Source: ambcrypto.com
