Can Donald Trump save the TRUMP meme from the retreating wave of investors?

The TRUMP token, a memecoin on the Solana blockchain associated with former US President Donald Trump, has seen daily trading volume exceed 1 billion USD after Trump mentioned it on social media.

This boom shows Trump's significant influence in the cryptocurrency space. However, price data indicates that market sentiment is gradually changing, as investors are becoming more cautious and no longer maintaining the enthusiasm they had at the time of the token's launch.

Will the TRUMP memecoin maintain its momentum in April?

The latest price increase occurred right after Trump posted about this token on TruthSocial on March 23.

"I LOVE TRUMP — SO WONDERFUL!!! The greatest of all!!!!!!!!!!!!!!!!," he wrote.

This exciting praise has pushed the price of TRUMP up by 10%, bringing the token to $11.8, while the daily trading volume exceeded 1 billion USD – double the average of the previous days, according to data from Coinmarketcap.

Despite the recovery, TRUMP is still down 85% compared to the historical peak of $77, indicating a significant decrease in investor sentiment.

In addition, some investors are concerned that selling pressure may return in April when a large amount of TRUMP tokens is set to be unlocked.

According to data from Cryptorank, starting from April 18, approximately 40 million TRUMP tokens will be unlocked, equivalent to 4% of the total supply, with an estimated value of over 472 million USD. After that, at least half a million TRUMP tokens will continue to be circulated daily until the end of 2027. This could increase selling pressure and undermine the confidence of retail investors.

"Trump is promoting TRUMP coin on Truth Social... It seems they are trying to attract liquidity before the token is unlocked," investor HENRI.SOL commented.

Last month, the memecoin TRUMP celebrated its one-month launch with an airdrop for the supporting community. However, this campaign could not stop the prolonged decline of the token, especially in the context of the memecoin market, which has plummeted since the beginning of the year.

Origin and Distribution of the TRUMP Token

Former President Donald Trump launched the TRUMP token on January 17, 2025. Initially, this token attracted significant attention from the cryptocurrency community, reaching a record market capitalization of $15 billion just two days after its launch.

In addition to the TRUMP token, his wife, Mrs. Melania Trump, also introduced a token named MELANIA. According to a report from Chainalysis, 94% of the total supply of TRUMP and MELANIA is held by just 40 wallets, indicating a highly concentrated distribution among whales.

Disclaimer: This article is for informational purposes only and is not investment advice. Investors should conduct thorough research before making any decisions. We are not responsible for your investment decisions.

• Executives of Trump Media launch SPAC to raise $179 million targeting crypto and technology
• The Trump administration is considering revaluing gold to fund the purchase of Bitcoin.

SN_Nour

@media only screen and (min-width: 0px) and (min-height: 0px) { div[id^="wrapper-sevio-d89f58f5-7b63-40be-98c0-6b1fd62584fb"] { width:320px; height: 100px; } } @media only screen and (min-width: 728px) and (min-height: 0px) { div[id^="wrapper-sevio-d89f58f5-7b63-40be-98c0-6b1fd62584fb"] { width: 728px; height: 90px; } }