$309M TRUMP Token Unlock Goes Live, Holders Experience Colossal Losses
TRUMP tokenholders are experiencing huge losses as the initial significant unlock event went live on April 18, unlocking 40 million tokens—equivalent to about $309 million—into circulation. The token dump is at a 90% discount from the all-time high price hit in January.
As of CoinGecko, the TRUMP token has been fluctuating between $7.46 and $7.83 over the past 24 hours. The token is now 89.5% below its high of $73.43 on Jan. 19, just days following the token’s high-profile launch before Donald Trump’s inauguration as president.
New Volatility as 20% of Circulating Supply Unlocks
The unlock is equal to 20% of the current circulating supply and is the inaugural one of a series of token unlocks scheduled. The April 18 event is being handled as a “cliff” unlock—i.e., a large, single release—following which there will be smaller, regular emissions. Between April 19 and April 21, nearly 493,000 tokens are due to unlock every day, DropsTab’s blockchain tracker reports.
The unlocking of previously locked tokens could further destabilize market prices, especially as investors reassess the token’s long-term value amid a sell-off.
Who Holds the TRUMP Token?
The official website of the token shows that the new supply unlocked is allocated to “Creators and CIC Digital LLC.” In total, 80% of TRUMP tokens are held by two Trump-related entities: CIC Digital LLC and Fight Fight Fight LLC.
The firm is owned by the Trump Organization and appeared on Trump’s 2024 financial filings in a trust. The company previously oversaw Trump’s NFT collections.
Fight Fight Fight LLC, which is co-owned by CIC Digital and Celebration Cards LLC, is a Trump campaign rally catchphrase renamed and established by Andrew Pierce in Wyoming.
Unrealized Losses for Over 800,000 Wallets
Despite heavy losses, tokenholders only incur losses when they cash out. About 800,000 wallets in total hold TRUMP tokens, with Chainalysis recording $2 billion in paper losses to date.
With further unlocks on the horizon, TRUMP tokenholders may face further downward pressure and heightened volatility in the coming weeks.
