Investors holding the TRUMP token are facing significant losses as the first unlock event officially takes place on April 18, releasing 40 million tokens – equivalent to approximately 309 million USD – into the market at a discount of up to 90% from the peak price.
The number of unlocked tokens accounts for 20% of the circulating supply, which could cause significant volatility as previously non-tradable assets enter the market. According to CoinGecko, the price of TRUMP has been fluctuating between 7.46 USD and 7.83 USD in the past 24 hours.
April 19 marks the first unlock phase of TRUMP, followed by smaller and more regular unlock phases. This token has dropped by up to 89.5% from its peak of 73.43 USD set on January 19 – just two days before the inauguration of President Donald Trump. In the weeks that followed, the price of TRUMP collapsed, causing an estimated loss of around 2 billion USD for over 800,000 wallets, according to data from the blockchain analytics firm Chainalysis.
Emission schedule of TRUMP | Source: GetTrumpMemesHowever, profits or losses are only recognized when the holder sells the token, meaning there are no actual losses if they continue to hold. According to the official website, all tokens unlocked in this round will belong to two entities: “Creators” and CIC Digital LLC.
Who owns the majority of the TRUMP supply?
According to information from the official website of the TRUMP token, 80% of the total supply belongs to two organizations linked to Trump’s business ecosystem: CIC Digital LLC and Fight Fight Fight LLC.
A report from MarketWatch stated that CIC Digital, a company affiliated with The Trump Organization, has been included in a trust fund according to Trump’s 2024 financial report submitted to the Federal Election Commission. CIC Digital had previously also been the issuer of NFT collections related to Trump.
Fight Fight Fight LLC is another business related to Trump, co-owned by CIC Digital and Celebration Cards LLC. Celebration Cards LLC was established in the state of Wyoming by Andrew Pierce. The name Fight Fight Fight LLC is inspired by the slogan “Fight Fight Fight” that Trump once shouted at the camera just before a failed assassination during a campaign rally.
The unlocking event on April 18 is considered a “cliff unlock” – meaning a large amount of tokens will be released at once. After that, the unlocking events will take place at a more stable pace, for example, from April 19 to 21, approximately 493,000 tokens will be unlocked each day, according to data from DropsTab.
Disclaimer: This article is for informational purposes only and is not investment advice. Investors should conduct thorough research before making any decisions. We are not responsible for your investment decisions.
Thạch Sanh
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