U.S. President Donald Trump is leaning into the idea that his official memecoin serves as a reflection of how the public views his leadership.
In a recent post on Truth Social, Trump highlighted a Newsmax piece that framed his cryptocurrency token as a tool to measure political momentum — a notion shared by several voices in the crypto space.
Despite Trump’s apparent belief in the token’s significance, its current performance suggests a more cautious interpretation. As of now, the Trump (TRUMP) token is trading near $10, a sharp drop from its January peak of $73 — marking an 85% decline. Adding to investor concerns, a major token unlock worth over $500 million is set to occur next month.
$520M in Tokens to Be Released in July
Blockchain data from Tokenomist reveals that only around 26.5% of the TRUMP token’s total supply is currently circulating. The remaining 73.5% — approximately 735 million tokens — are still locked.
On July 18, a new tranche of tokens equivalent to 25% of the existing circulating supply will be released. According to Tokenomist, this means roughly 50 million tokens, valued at over $520 million, will be unlocked and potentially available for trading.
Such a substantial influx of supply could weigh heavily on the price, especially if market demand fails to keep pace.
In anticipation of this, Eric Trump, via Trump-affiliated crypto firm World Liberty Financial, announced on June 7 that the company intends to purchase a significant quantity of TRUMP tokens in an attempt to stabilize sentiment. However, the price saw little movement following the announcement — a development some analysts see as a warning sign.
The market’s response to the upcoming unlock may offer insight into broader political support for Trump as the election cycle intensifies.
Memecoins as a Sentiment Indicator
The concept of using memecoins to track public mood isn’t new. Yat Siu, co-founder of Animoca Brands, previously pointed out that the early surge of the TRUMP token was driven by hype and curiosity.
Still, he noted that over time, these types of tokens might evolve into rough indicators of public perception around political figures — in this case, Trump’s presidency.
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