President Donald Trump’s official Memecoin is scheduled to unlock vested tokens worth $321 million on April 18th.
Token vested tracker tone conesist data shows 40 million card tokens will be released with Unlocking the Cliff. This means that tokens are available at once. The token currently trading for around $8, and the unlock refers to the market at once with a supply of around $321 million.
Token vesting is a common practice in the crypto space to encourage long-term holdings and to prevent early investors and team members from dumping the token during the start of the project. Instead, the project imposes a vesting period that allows individuals or entities to gradually access the token.
Trump has fallen 89% since peak
Token creators reportedly earn more than $350 million, but retail investors aren’t as well. Blockchain analytics company Chain Orisis estimates that at least 813,000 wallets have lost about $2 billion in total after Memecoin’s rapid rise.
Trump’s official tokens have been found to have declined sharply in value since its peak. On January 19th, the token reached an all-time high of $73.43. This happened before the then-President of the United States took office. The hype surrounding tokens has since declined. The current $8 represents an 89% drop since the ATH.
Future unlocking tokens could further reduce the price of Trump Memecoin. Following massive token unlocking, there is often a sharp drop in crypto prices as previously unsold holders are allowed to offload crypto.
In March 2024, Arbitrum unlocked $2.32 billion with its vested crypto token. At the time, the ARB token was worth $1.89. Following this event, however, the value of Crypto Asset has declined, with token trading at $0.29 at the time of writing, down 84% since unlocking.
The Trump Token is the biggest single crypto unlock scheduled for the week of April 14-20. According to Tokenomist, it accounts for around 61% of the total $519 million tokens scheduled to be released in several projects.
The $519 million locked Crypto token will be released next week. Source: Tokenomist
Related: The Trump administration is reportedly shuttering DOJ’s crypto enforcement team
Tokens worth $519 million will be unlocked next week
In addition to Trump’s memo coins, projects that include Arbitrum, Fasttoken and Starknet will release vested tokens next week.
FTN unlocking is the second-largest release after Trump’s Memecoin. Tokenomist data shows the project will release 20 million FTN worth $80 million. Cryptocurrencies are assigned to the team and its founders.
Arbitrum will release more than $27 million in ARB (ARB) tokens next week. This will unlock founders, team members and private investors. Meanwhile, StarkNet will release 127 million STRK (STRK) tokens worth $16 million.
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