"Trump Coin" Unlock Imminent: Will Test Market Demand and Increase Trump's Wealth

A batch of $Trump meme coins ($TRUMP) about to be unlocked this week will not only test the real demand of the cryptocurrency market, but may also add nearly $100 million to the net worth of this billionaire president. According to crypto research firm Messari, entities associated with $Trump will begin to have the right to sell 90,000,000 of these tokens starting Thursday. Calculated at Wednesday's price of approximately $10.30/token, the total value of the tokens unlocked this week is close to $930.0 million. The so-called "unlock" means that early investors or insiders who were previously unable to sell due to internal regulations are now free to trade these tokens. When it was first issued on January 17, approximately 200,000,000 "$Trump coins" were in circulation, and this unlock will increase the circulating supply by 45%. According to an analysis by crypto risk control modeling company Gauntlet, as of mid-June, $Trump had profited approximately $150.0 million from the sale and trading of this coin. (Golden Ten) [Odaily Planet Daily News]