Donald Trump’s Solana-based meme coin, TRUMP, is approaching its first token unlock, where the project’s team will receive around 40 million tokens valued at approximately $320 million. This unlock is scheduled for April 18. Following this event, the circulating supply will increase by 20%, which may lead to increased selling pressure as investors may be inclined to liquidate their holdings. Experts suggest that token unlocks generally have bearish implications for asset prices due to reduced scarcity. Despite potential negative impacts, TRUMP's unique owner base, consisting largely of newcomers to cryptocurrency, might not drive significant sell pressure. Recently, the coin was trading at $8.13, which is a substantial decrease from its all-time high of $73.43 shortly after its launch. The token can be utilized for purchases at Trump-related merchandise venues, though many holders have sold their tokens since the peak. The project has a 36-month unlock schedule, ultimately bringing the supply from 200 million to 1 billion tokens. The upcoming unlock may not create a typical 'pump' seen in other token unlock scenarios, highlighting the uncertainty in how holders will respond.

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