TRUMP price has dropped 85% from its historical high, with $520 million worth of tokens set to be unlocked

According to ChainCatcher news, as reported by Cointelegraph, U.S. President Donald Trump recently shared an article on the social media platform Truth Social, endorsing the view of its official Memecoin (TRUMP) as a measure of public political sentiment. Data shows that the current price of the token is about $10, down 85% from its historical high of $73 set in January.

On-chain data indicates that only 26.48% of the TRUMP tokens are currently in circulation, with 735 million tokens (accounting for 73.52%) yet to be unlocked. Based on the current price, the 50 million TRUMP tokens set to be unlocked on July 18 are valued at approximately $520 million, which may exert further pressure on market prices. On June 7, Trump's son Eric Trump announced that a cryptocurrency company he supports plans to acquire a "large amount" of the token, but the market reaction has been tepid.

Industry insiders point out that the short-term price fluctuations of Memecoins are driven by speculation, but the long-term trend may reflect public expectations regarding Trump's political prospects.