Trump Coin (TRUMP), the high-profile meme coin launched earlier this year by the Trump organization, is struggling to stay afloat. The token is currently trading around $7.80—about 90% below its post-launch peak of over $70.
Despite a mild recovery of 10% from recent lows, TRUMP’s outlook remains bleak. The token has been locked in a prolonged downtrend and consistently fails to break past its 21DMA, acting as strong technical resistance.
Things might get worse before they get better. A large token unlock is scheduled for April 18, which will release an additional 4% of TRUMP’s total supply. Considering that just 20% is currently circulating, this unlock will raise available supply by 20% in one go—a potentially devastating shift for market dynamics.
With bearish technical signals and added supply pressure, analysts are predicting TRUMP may soon fall below $7.
Was TRUMP Coin Misleading?
While it wasn’t launched under false pretenses, the TRUMP coin has come under fire for its design and distribution. The meme coin was promoted as a fun collectible with no promised utility or return. Yet, many feel the project favored insiders and early investors.
The Trump organization reportedly earned over $100 million in trading fees, while a Chainalysis report found that over 800,000 wallets were left in the red just weeks after launch. The optics are troubling, especially since 80% of the coin’s supply is owned by Trump-linked entities and set to unlock gradually through 2029.
Should You Buy TRUMP Now?
Possibly—but only if you’re willing to absorb major losses. Crypto markets are historically volatile, and meme tokens are even more unpredictable. If the overall economy rebounds or crypto sentiment shifts, TRUMP could ride another wave of hype.
Still, another steep dip could be in the cards. It wouldn’t be unusual for a meme token to slide 99% from its peak before rebounding. For that reason, conservative investors may prefer safer bets like Bitcoin or Ethereum.
Buyers should be cautious. While TRUMP might eventually bounce, its near-term prospects are shaky at best.
