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- 🗒 Gate.io Suggested Topics Posting Event: #NFP Data Release#
✍️ Please include the topic #NFP Data Release# in your post
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The Non-Farm Payroll (NFP) data is set to be released on May 2nd. As a key economic indicator, it often has a significant impact on market sentiment. How do you think this upcoming report will influence the crypto market’s direction? Are you bullish or bearish?
Post with the hashtag #NFP Data Release# to share your insights or analysis to share the $50 reward pool!
⏰ Event Time: April 30, 4:00 AM - May 1, 4:00 AM (UTC)
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#TRUMP流通量激增#
Short-term impact on the market
On April 18, the Trump Token (TRUMP) unlocked 4% of its total supply, which means 40 million TRUMP entered the market, valued at over $300 million. This will undoubtedly have a huge impact on the market. In the short term, the surge in circulation may trigger significant volatility in the market.
First, most of the unlocked tokens will be quickly sold to realize profits. This large-scale sell-off often leads to a rapid decline in prices, especially in illiquid markets. If demand fails to keep up with the pace of supply, price pressure will become even more pronounced. Investors may exacerbate this trend due to panic selling.
However, if there is sufficient buying support in the market, the extent of the price decline may be somewhat limited.
Therefore, in the short term, the Trump token may face significant price fluctuations and has downside risks.