TRUMP token slides ahead of massive unlock

Tokens worth 20% of the current supply of the TRUMP memecoin launched by the president are set to be unlocked tomorrow

article-image

Joey Sussman/Shutterstock and Adobe modified by Blockworks

share

This is a segment from the Lightspeed newsletter. To read full editions, subscribe.


It’s a good old Trump and dump.

Tokens worth 20% of the current supply of the TRUMP memecoin launched by Donald Trump are set to be unlocked tomorrow, according to data from Tokenomist. Fears surrounding the token’s supply increase caused the token to drop 2.7% this week. 

That happened as memecoins generally roared to life: Out of the 10 largest memecoins by market capitalization, TRUMP is the only one that is down on the week, according to CoinGecko.

Tomorrow, 40 million TRUMP — worth around $300 million on extremely flimsy paper — will be made available to the token’s creators, as well as CIC DIGITAL, a Trump-owned entity that was involved with the president’s NFT collection. 

There’s not yet any indication as to whether the president’s team plans to sell the tokens on the open market or hold onto them for longer. Trump hasn’t inspired much confidence in his personal interest in the memecoin, in any event. 

Since TRUMP’s launch, the president wrote about it online just once, calling it “SO COOL!!!” in a Truth Social post. When asked about the token by a reporter a few days after its January launch, Trump said, “I don’t know much about it other than I launched it, other than it was very successful.” An X account linked to the token’s website is barely active. 

Despite everything, there still are some folks holding TRUMP. The token has over $1.5 billion in market capitalization — more than TIA, ARB and JUP. I asked my X followers if they were still holding TRUMP, and why.

“I went all in on it, hoping it will reach an all time high, but slowly I am losing my hopes day by day,” one anonymous account wrote.

Another self-identified US Army and crypto veteran likened TRUMP to a collectible and said they hold some in their IRA (which I didn’t know was possible — the wonders of technology!).

One case people made for TRUMP was that the token could trade as a kind of sentiment check on Trump’s presidency. That really hasn’t been the case: The token’s largest single-day pump came on Valentine’s Day, which was the day Argentine President Javier Milei launched the ill-fated LIBRA token

So the best investment thesis for Trump’s memecoin, as far as I can tell, is that someday he might post about it on Truth Social again. Construct your retirement accounts accordingly.


Get the news in your inbox. Explore Blockworks newsletters:

Tags

Decoding crypto and the markets. Daily, with Byron Gilliam.

Upcoming Events

Old Billingsgate

Mon - Wed, October 13 - 15, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

Industry City | Brooklyn, NY

TUES - THURS, JUNE 24 - 26, 2025

Permissionless IV serves as the definitive gathering for crypto’s technical founders, developers, and builders to come together and create the future.If you’re ready to shape the future of crypto, Permissionless IV is where it happens.

Brooklyn, NY

SUN - MON, JUN. 22 - 23, 2025

Blockworks and Cracked Labs are teaming up for the third installment of the Permissionless Hackathon, happening June 22–23, 2025 in Brooklyn, NY. This is a 36-hour IRL builder sprint where developers, designers, and creatives ship real projects solving real problems across […]

recent research

Research Report Templates (19).png

Research

Suilend has grown into the top money market and liquid staking provider on Sui. STEAMM, Suilend’s Superfluid AMM, presents a compelling avenue for growing market share within Sui’s DEX landscape and revenue generation for the protocol. Suilend’s multi-product suite position it well for owning market share across key verticals. While current metrics across the Sui ecosystem are likely inflated due to Sui Foundation incentive programs, SEND trades at amongst the lowest multiples in the lend/borrow sector, suggesting that a bull case for continued growth in the ecosystem may be mispriced.

article-image

A Blockworks Research report looked at who could take up some of the marketshare in the launchpad space

article-image

Business-to-business stablecoin payments are on the rise, per a report from Artemis, Dragonfly and Castle Island

article-image

Crypto continues to do its thing: incentivizing behavior

article-image

Kraken will soon offer Backed ‘xStocks’ as Solana tokens

article-image

In a unanimous decision, the US Court of International Trade has ruled that Trump’s IEEPA tariffs are unlawful

article-image

The platform has over $22 million in assets and allows anyone to invest in tokenized real estate