Trump's Official Memecoin Surges Despite Massive $320 Million Unlock in Thin Holiday Trading

Despite the price increase, the token is still down over 88% from its peak and investors have lost a total of $2 billion.

• Donald Trump's TRUMP memecoin has gained over 9% in the past 24 hours, following a $320 million token unlock.
• The token unlock could still lead to a large sell-off, given the token's thin liquidity, with data showing that just $1.3 million could move the price by 2% on major exchanges.
• There are currently 636,000 TRUMP token holders, with only 12,285 wallets holding more than $1,000 worth of the cryptocurrency.
• Rumors are circulating about a possible event for large token holders, although these claims are unverified and speculative.

Despite experiencing a significant surge of over 9% in the last day, the TRUMP memecoin associated with Donald Trump is still struggling to reclaim its previous peak value, having plummeted by more than 88%. Investors are grappling with losses totaling $2 billion due to the cryptocurrency's declining worth.

Following a substantial $320 million token unlock, TRUMP's price has shown resilience, hovering around $8.40. The unlock event could potentially trigger a substantial sell-off given the token's limited trading volume. Data indicates that a mere $1.3 million transaction could result in a 2% price swing on major exchanges.

Currently, there are approximately 636,000 holders of TRUMP tokens, yet only 12,285 wallets boast holdings exceeding $1,000 worth of the digital asset. Speculation is rife about a potential upcoming gathering for significant token holders; however, these rumors lack verification and are purely conjectural in nature.

On social media, rumors are swirling about a possible event for large token holders, supposedly being organized by Trump himself. These claims remain unverified and highly speculative.