Trump's Meme Coin Prepares for $341 Million Token Release Following Three-Month Market Slump
Ready to dive into the latest scoop on the TRUMP memecoin? This digital asset is about to go through a blockbuster token unlock, worth an impressive $341 million!
According to the tokenomics experts at Tokenomist, a whopping 40 million TRUMP tokens will hit the open market on April 18th. That's about 20% of the memecoin's total circulating supply (currently at 199 million)[1].
Even though token unlocks are often seen as bearish for crypto assets due to the increased supply and potential sell pressure, things might be different this time around. With a current market cap of $1.69 billion and a completely dilated valuation of $8.48 billion, the TRUMP memecoin is a force to be reckoned with.
And if you ask cryptocurrency trader and analyst Ali Martinez, he's all about the bullish vibes. On the social media platform X, he told his 134,800 followers that TRUMP could be getting ready for a powerful bullish reversal based on the Tom DeMark (TD) Sequential indicator on the weekly time frame[1].
So what's the deal with this TD Sequential indicator, you ask? Well, it's a technical analysis tool used to identify potential trend reversal points[2]. Martinez predicts that TRUMP could see prices soar, with key support at $7.13, a breakout confirmation at $11.96, and a potential target of $17.94[1].
That's quite a ride, no matter which way the market swings. As always, remember that investing in digital assets comes with risks. Make sure you do your homework before making any moves.
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[1] https://www.thegan ranghi.com/trump-memecoin-binance-altcoin-nde-trade-war-tariffs/
[2] https://en.wikipedia.org/wiki/Tom_DeMark_Sequential
In other news, check out these industry announcements:
- aZen Secures $1.2M Seed Round and Web3 Grants to Build DePIN for Ubiquitous AI after onboarding 600k users [1]
- Bitcoin Seoul 2025 To Host Global Industry Leaders for Asia's Largest Bitcoin-Focused Conference [1]
- FLOKI and Rice Robotics Launch AI Companion Robot With Token Rewards [1]
- STEPN and the Argentina Football Association Announce Their Latest NFT Drop [1]
- BYDFi Partners With Ledger To Launch Limited Edition Hardware Wallet, Debuts at TOKEN2049 Dubai [1]
- Team Behind Popular Telegram Wallet Grindery Reveals Wallet Infrastructure for AI Agents [1]
- Common Launches First Privacy Web App With Subsecond Proving Times for Arbitrum and Aleph Zero EVM [1]
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Sources:[1] https://www.thegan ranghi.com/trump-memecoin-binance-altcoin-nde-trade-war-tariffs/
[2] https://en.wikipedia.org/wiki/Tom_DeMark_Sequential
- In the world of altcoins, the TD Sequential indicator, a technical analysis tool, is being used by analyst Ali Martinez to predict a possible bullish reversal for the TRUMP memecoin, with potential targets at $17.94.
- Despite the upcoming token unlock of 40 million TRUMP tokens, which could increase the supply and potentially exert sell pressure, the memecoin's market cap and diluted valuation suggest it might not follow the typical bearish trajectory for cryptocurrencies.
- The crypto landscape is bustling with announcements: aZen Secures funding, Bitcoin Seoul 2025 is on the horizon, FLOKI partners with Rice Robotics, STEPN collaborates with the Argentina Football Association, BYDFi unveils a limited edition hardware wallet, and Grindery debuts wallet infrastructure for AI agents.
- Blockchain and finance enthusiasts can stay updated on future-focused topics such as Bitcoin, Ethereum, trading, altcoins, and web 3 by following The Daily Hodl on Telegram, X, and Facebook, and browsing categories like Financeflux, Futuremash, and HodlX. Just remember, any investments in digital assets carry inherent risks, so do thorough research before making decisions.
