United States President Donald Trump’s official memecoin is set to unlock $321 million worth of vested tokens on April 18.
Token vesting tracker Tokenomist data shows that 40 million Trump tokens will be released in a cliff unlock, meaning the tokens will be available all at once. With the tokens currently trading at about $8, the unlock represents about $321 million in supply entering the market at once.
Token vesting is a common practice in the crypto space to incentivize long-term holding and prevent early investors or team members from dumping tokens during the start of the project. Instead, projects impose a vesting period that allows individuals or entities to gradually get access to the tokens.
Trump memecoin down 89% since its peak
While the token’s creators reportedly profited by more than $350 million, retail investors have not fared