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.

recent research

Research Report Templates.jpg

Research

Figure, founded by former SoFi CEO Mike Cagney, has emerged as a leader in onchain RWAs, with ~$17.5B publicly tokenized. The platform’s ecosystem volume is growing ~40% YoY as it expands beyond HELOCs into student loans, DSCR loans, unsecured loans, bankruptcy claims, and more. Operationally, Figure cuts average loan production cost by ~93% and compresses median funding time from ~42 days to ~10, creating a durable speed-and-cost advantage.

article-image

If the president breaks the Fed, he’ll own the budget problems

article-image

Combining Franklin Templeton’s tokenization expertise with Binance’s trading infrastructure could speed crypto adoption, companies say

article-image

The firm’s upcoming filing comes as competition heats up over the USDH stablecoin

article-image

Robinhood and Coinbase are vying for user attention with new social features that could rival Twitter

article-image

Atkins backs predictable digital asset framework through Project Crypto, marking a departure from prior enforcement tactics

by Blockworks /
article-image

Following a roundtable, the startup emerges as frontrunner, despite entries from Paxos, Ethena, and others