Bloomberg: Trump's Team Unlikely to Immediately Sell Meme Coin TRUMP After Unlock

According to Jinse, participants in the cryptocurrency market are gearing up for a large number of meme coins to unlock and hit the market. The Trump meme coin TRUMP plans to unlock 40 million tokens allocated to affiliated groups on Thursday, meaning that early investors or insiders who were previously restricted from selling can now freely trade these tokens.

Messari analyst Dylan Bane stated that once unlocked, it may trigger a sell-off, which could further risk a decline in the token's price. However, the Trump team is unlikely to take such action because they do not want negative press. Parataxis co-founder Edward Chin pointed out that if the Trump team collaborates with suitable market makers, the unlock may not matter as much in the short term. However, in the long run, the additional supply will exert pressure on the price trend, either suppressing the price or preventing a significant rise even if new demand enters.