Yigit Taha OZTURK 
In the ever-blurring lines between crypto and politics, Donald Trump is pushing his official memecoin not just as a financial asset — but as a gauge of public sentiment. Yet, with an upcoming massive token unlock and an 85% price drop from its peak, the sentiment barometer is flashing warnings.
TRUMP Token Down 85% From ATH
In a post on Truth Social, Trump shared a Newsmax article suggesting his memecoin reflects public momentum behind his leadership. While the president seems to embrace this idea, market data tells a different story: the TRUMP token currently trades around $10, a steep fall from its $73 all-time high in January.
$520M Token Unlock Set For July
Compounding the challenge is an imminent $520 million token unlock set for July 18. Onchain data from Tokenomist shows that just 26.48% of the token supply is circulating. The remaining 735 million tokens — over 73% of the total supply — are yet to hit the market.
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The unlock will introduce 50 million new tokens, potentially flooding the market. Without proportional demand, this could trigger a further price drop. Trump’s son, Eric Trump, attempted to reassure investors on June 7 by announcing that World Liberty Financial, a Trump-affiliated crypto firm, plans to acquire a significant amount of TRUMP tokens. However, market reaction was muted — which analysts interpreted as a lack of confidence.
Do Memecoins Really Measure Public Opinion?
Using memecoins as sentiment indicators is not new. Yat Siu, co-founder of Animoca Brands, previously said the TRUMP token’s initial rise was largely driven by hype and novelty. Still, he noted that long-term trends could reflect broader political sentiment toward Trump’s leadership.
With the $520M unlock on the horizon, how the market reacts may speak louder than any social media post — for both crypto investors and political observers.
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