The official memecoin of US president Donald Trump is scheduled to unlock $ 321 million worth of vested tokens on April 18.
Token vesting tracker tokenomist data Shut up Trump’s 40 million tokens will be released in a cliff unlocking, meaning the tokens are available at the same time. In the current trading of the tokens at about $ 8, the unlock represents about $ 321 million in supply entering the market at the same time.
Token vesting is a common crypto space skill to incentive long-term handling and prevent early investors or team members from disposing of projects at the start of the project. Instead, projects impose a period of vesting that provides individuals or creatures to gradually gain access to tokens.
Trump Memecoin has dropped 89% since its peak
While token creators reported benefit more than $ 350 millionRetail investors are not too far away. Blockchain Analytics Firm Chainalysis estimates that at least 813,000 dompets have suffered Losses reaching nearly $ 2 billion Following the rapid increase and collapse of the memecoin.
Trump’s official token has seen a sharp decline since its peak. On January 19, the token reached an entire time (ATH) of $ 73.43. This happened the day before the US president’s inauguration. The hype surrounding the token has died ever since. The current value of $ 8 represents an 89% fall from ATH.
The upcoming token unlocking can also cause further decline in price for Trump’s memecoin. The massive unlock token is often followed by sharp decline in crypto prices because holders who cannot sell will be allowed to offload their crypto.
In March 2024, arbitrator That —Contact $ 2.32 billion In vested crypto tokens. At this time, its ARB token costs $ 1.89. However, the event was followed by a decline in the value of the crypto asset, with a token trade at $ 0.29 at the time of writing, an 84% fall from unlocking.
Trump’s token is the largest single crypto unlock scheduled for the week of April 14–20. This is approximately 61% of the total $ 519 million in tokens scheduled to release on many projects, according to the tokenomist.
$ 519 million in locked crypto tokens will be released next week. Source: Tokenomist
Related: The Trump administration reported that the DOJ’s crypto implementation team closed
Tokens worth $ 519 million will be locked next week
In addition to Trump’s Memecoin, projects including 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 to do Release 20 million FTN worth $ 80 million. Crypto assets are allocated to the team and its founders.
Arbitrum will release ARB tokens worth more than $ 27 million next week, which will be locked for founders, team members and private investors. Meanwhile, Starknet will release 127 million STRK tokens worth $ 16 million.
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