Trump’s memecoin enjoys surprise 10% surge after sales lock up is lifted
Mimikoen, approved by president Donald Trump personally, increased during the weekend, despite expectations that its price will be stumbling, as tens of thousands of fresh symbols were released to those familiar with the projects.
$ Trump, Mimikoen, launched by Trump in the period before his second inauguration, has gained 10 % since Friday, when 40 million additional symbols were launched in trading. This event, known as opening the distinctive symbol, was expected to put pressure on the price of Memecoin by increasing its supply but it seems that it had an opposite effect.
The symbol is the distinctive symbols when a group of people – usually set the members of the project team, the first investors or consultants – are customized for free or at a lower price after a predetermined time and allowed them to sell them. TOKEN Operations are a way for project founders to ensure investors that they will not withdraw a rug – a common fraud in which the members of the Memecoin project team empty their holdings at the same time, putting the fruits of the distinctive symbol and leaving the investors carrying the bag.
The symbols released last week were dedicated to “Creators and CICDIGITAL”, according to Token. While the identity of the creators is unclear, Cic Digital is a company known for Trump. Since the distinctive symbols of $ 330 million, investors have been afraid that these holders will immediately try to make a profit by throwing symbols in the market.
Despite these concerns, the team has not achieved any significant sales yet, according to Crypto Chainalysis. The company told luck.
The project’s distinguished symbol commitment has increased confidence in the longevity of the symbol, prompting investors to return during the weekend. luck. He said: “Since the price has not decreased and has not had a large -scale sale, the markets may be pricing in the possibility that the Trump team chooses to stick to these symbols.”
However, this does not mean that the team behind the distinctive symbol will not sell at all. While there are 200 million symbols released for launch in January, there are interrelated openings every few months until 2028, when the total offer of symbols reaches one billion.
“There is a lot to open,” said Ban. “Therefore, if the price decreases, this is not in the interest of the team because most of the distinctive symbols have not been opened yet.”
There may be justified investor concerns with Mimikoin Trump. The entry of the currency to the market was forced, as it rose from $ 1.21 to 75.35 dollars within the first two days, as the total of the maximum market reached 14 billion dollars. But the currency price began to decrease shortly, and has lost 90 % of its value since January 19. The price of the distinctive symbol is now sitting at $ 8.28.
In the aftermath of the launch, investors lost more than two billion dollars, according to the analysis of a series for New York Times. Meanwhile, Trump’s entities have produced $ 350 million of revenues from commercial fees and selling the same code, according to his analysis. Financial times.
According to Memecoin, two TROMP-Digital Digital and Fight Fight-Simalkan 80 % of a total of one billion dollars of traracted symbols are all-opened in 2028. This means, at its current price, that the Trump team is going away from the project with a profit in billions of dollars.
It is not clear the amount of the distinctive symbol Trump and his family directly, if any.
This story was originally shown on Fortune.com
2025-04-21 21:04:00
