TRUMP token faces key test with unlock approaching | Credit: Veronica Cestari
Share
Key Takeaways
TRUMP has climbed, but the upcoming unlock presents a supply shock that could destabilize the momentum.
Volume spikes show short-term interest, though Hodler Net Position Change reveals investors are pulling back.
TRUMP’s price remains within a symmetrical triangle, and key EMAs suggest consolidation may continue.
Official Trump (TRUMP), the crypto token linked to former President Donald Trump, has recorded over $1 billion in trading volume. This surge comes one day ahead of a primary token unlock event.
The project will release 200 million tokens into circulation on Friday, July 18.
In anticipation of the unlock, TRUMP’s price has climbed nearly 10% over the past week and is now edging closer to $10. But will the memecoin hold this bullish trend?
Historically, token unlocks tend to increase circulating supply, which can lead to heightened selling pressure. If demand doesn’t rise to absorb the additional supply, the TRUMP token price may face downward pressure in the short term.
Try Our Recommended Crypto Exchanges
Sponsored
Disclosure
We sometimes use affiliate links in our content, when clicking on those we might receive a commission at no extra cost to you. By using this website you agree to our terms and conditions and privacy policy.
However, the impact could be neutral or bullish if new buyers step in aggressively. Ahead of this, on-chain data shows that the trading volume around the cryptocurrency has risen to $1.06 billion.
Amid this, the TRUMP price has also risen to $10.17. The rise in volume indicates substantial market interest in the cryptocurrency.
From a trading perspective, if sustained, this could increase the TRUMP token price as the volume could strengthen the uptrend. At the same time, this upcoming supply shock is something to watch.
Meanwhile, the Hodler Net Position Change indicator reveals a slowdown in TRUMP accumulation. This metric tracks the monthly change in long-term investor (HODLer) position.
A negative reading signals that HODLers are reducing their exposure by selling or reallocating, while a positive reading indicates that they’re adding to their positions.
In TRUMP’s case, the recent decline suggests that long-term investors have cooled on accumulation, which indicates that more holders have cashed out ahead of the upcoming token unlock.
TRUMP Hodler Net Position Change | Credit: Glassnode
Should this trend intensify before the token unlock, TRUMP’s price might struggle to hold above $10.
TRUMP Price Analysis: Liquidity Meets Uncertainty
From a technical point of view, TRUMP’s price continues to trade within a symmetrical triangle. Despite closing in on the triangle’s upper trendline, the Exponential Moving Average (EMA) shows that the cryptocurrency is not yet clear for a breakout.
As seen below, the 20 EMA (blue) is below the TRUMP token price. The 50 EMA (yellow), on the other hand, is above the price, indicating that the memecoin could undergo consolidation in the meantime.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Victor Olanrewaju is a crypto analyst and reporter at CCN with deep roots in on-chain research and technical analysis. His crypto journey began in 2017, but it was the 2020 Uniswap airdrop that sparked a full-time pivot into the space.
With a foundation in copywriting, Victor honed his craft creating high-converting content for leading crypto brokers — most notably an XRP price prediction that ranked #1 on Google during the 2021 bull run.
He later joined AMBCrypto in 2022, where he combined storytelling with technical and on-chain analysis to cover key market narratives.
In 2024, he expanded his expertise at BeInCrypto, collaborating with analysts and using tools like Glassnode, Santiment, and IntoTheBlock to break down Bitcoin and altcoin trends.
At CCN, Victor covers the top cryptocurrencies, memecoins, macro shifts, blending real-time insights with deep-dive metrics.
He holds a Bachelor’s degree in Physics from the University of Ibadan, equipping him to simplify complex data for a wide audience. Follow his work or connect on LinkedIn or X.
