Cryptonews
EN

Attention: This Altcoin Could See Price Turbulence – It’s So Close, Massive Token Release Coming Soon

en.bitcoinsistemi.com

21 hour ago

Attention: This Altcoin Could See Price Turbulence – It’s So Close, Massive Token Release Coming Soon

The cryptocurrency community is bracing for turmoil over a major token lockup of Donald Trump’s memecoin, raising concerns about price volatility for the once-popular TRUMP. Launched just before Trump’s second presidential inauguration, the memecoin stunned the market with a surprise launch in January that briefly skyrocketed its market value to $14 billion. However, a rapid sell-off followed, wiping out about 90% of its value as early investors rushed to take profits. Now, the planned release of 40 million new tokens allocated to groups closely linked to the president, including CIC Digital LLC and Fight Fight Fight LLC, is fueling fears of further downward pressure. According to the project’s website, these groups collectively control around 80% of the token supply to be unlocked. The upcoming launch adds to the 200 million tokens already available as of January 17, with the total circulating supply projected to grow to 1 billion within three years. “Sometimes dumps happen after tokens are unlocked,” said Dylan Bane, an institutional research analyst at Messari. “Teams are less likely to do it all at once, more likely to do it over time. But we don’t know what their intentions are. They obviously don’t want negative press.” “If they are working with the right market makers, unlocking may be less important in the short term,” said Edward Chin, co-founder of Parataxis Capital. “But in the long run, additional supply will put pressure on price movements, either pushing the price down or limiting further upside even as demand increases.” The unlocking of TRUMP tokens will take place on April 18 at 09:00 Turkish time (UTC+3). *This is not investment advice.

https://en.bitcoinsistemi.com/attention-this-altcoin-could-see-price-turbulence-its-so-close-massive-token-release-coming-soon/?utm_source=CryptoNews&utm_medium=app