- TRUMP memecoin rose over 10% after a $307M unlock added only 40M tokens to circulation.
- Daily $4M token release helped avoid market flooding, boosting price to $8.20.
- Market cap hit $1.64B as bullish wedge pattern and $492M volume signaled strong investor interest.
The price of the TRUMP memecoin rose by more than 10% on April 19 after a $307 million token unlock triggered a market turnaround. While market participants expected downward pressure from the unlock event it actually resulted in a price rally.
Token Unlock Event Sparks Unexpected Upswing
After losing almost 80% of its all-time peak value the token reached $8.50 today but settled at $8.20. The sudden increase occurred even as the wider cryptocurrency market maintained bearish forces.
The recent $307 million token unlock represented close to 20% of TRUMP’s total supply. Normally, such unlocks increase token circulation, leading to price drops due to higher liquidity. However, the current unlock structure played a significant role in mitigating the impact.
Out of the total unlocked tokens, only 40 million were added to circulation immediately. The remaining tokens will be unlocked gradually, with $4 million released daily. This measured release schedule helped ease concerns of market flooding.
The rally’s momentum intensified because investors felt optimistic about macroeconomic trends. Optimistic investor perspectives were reinforced by Federal Reserve rate adjustment talks and the reduction of international trade disputes. The market demonstrated short-term bullish momentum in spite of earlier hesitation.
Analysts Identify Key Technical Patterns
Technical analysts point to a bullish falling wedge formation as a possible reason behind the token’s recovery. According to CryptoCove, a market analyst, TRUMP’s current technical structure supports further upward movement. Momentum indicators and trading volume reflect increased buying interest. With daily trading volume surpassing $492 million, investor participation appears to be gaining traction.
TRUMP’s market capitalization also climbed to $1.64 billion, reinforcing the token’s position among high-profile memecoins. Some traders believe the token could rise by another 12 percent and reach $8.70 if momentum continues.
At the same time, several community voices project a potential rise toward the $12 mark. Still, they emphasize the importance of sustained bullish sentiment and stability above key support levels.
Market Volatility and Bearish Risks Remain
Despite the current upward trend, several risks continue to loom. A failure to maintain critical support levels could result in sharp declines. Analysts warn that if bearish pressure regains control, the token may fall as low as $2.50. With macroeconomic factors and regulatory developments still uncertain, the token’s long-term trajectory remains difficult to predict.
Although optimism has returned in the short term, market participants are proceeding cautiously. The combination of high volatility and unpredictable investor behavior makes the future path of the TRUMP coin far from certain.
The TRUMP memecoin’s recent price surge has defied expectations following the large-scale token unlock. Strategic distribution of newly unlocked tokens, along with emerging bullish trends, contributed to the rally. However, the presence of bearish pressure and potential price volatility indicates that market caution remains warranted.
