The official TRUMP memecoin, linked to U.S. President Donald Trump, surprised the crypto market this weekend by climbing over 9% in value, even as $320 million worth of new tokens were released into circulation 1. This move comes during the typically slow Easter holiday trading period, when lower volumes can make price swings more dramatic.
Despite the recent uptick, TRUMP is still trading at around $8,40—down more than 88% from its all-time high above $71 reached in January 2025 1. Early investors have collectively lost an estimated $2 billion since the token’s launch, highlighting the risks of meme-driven assets 1.
Why Did the Price Go Up After a Massive Unlock?
Token unlocks usually mean more coins hit the market, which can push prices down as supply increases. However, in this case, the market appears to have anticipated the unlock, and the price actually rose. Analysts suggest that traders may have already priced in the extra supply, or that thin liquidity during the holiday weekend amplified the price move 1.
TRUMP’s liquidity remains a concern: according to CoinMarketCap data, it would take just $1,3 million in trading volume to move the price by 2% on major exchanges 1. This means the token is especially vulnerable to large trades or sudden sell-offs.
Who’s Holding TRUMP?
On-chain analytics show there are about 636.000 TRUMP token holders, but only 12.285 wallets have more than $1.000 worth of the coin 1. This suggests that most holders have relatively small positions, while a few large wallets could have significant influence over the price.
What’s Next for TRUMP?
Rumors are circulating on social media about a possible event for major token holders, allegedly being organized by Trump himself, but these claims remain unverified and speculative 1. Meanwhile, the token’s future remains uncertain, with ongoing daily unlocks and thin liquidity raising the risk of further volatility 2.
For now, TRUMP’s price action is a reminder of the unpredictable nature of meme coins—especially those tied to high-profile figures and events.
