Is Trump’s $93M Memecoin Payday Just the Beginning of a Crypto Empire or a Risky Gamble?
Key takeaways
A $938 million TRUMP token unlock handed Trump-affiliated entities access to nearly $93 million, though there’s no sign of a sell-off yet. Despite tepid price action, foreign backers and big names like Justin Sun are keeping the memecoin afloat, making Trump richer on paper.
Did President Donald Trump just get a little richer?
A $938 million token unlock for the Official Trump [TRUMP] memecoin handed his affiliated businesses access to nearly $93 million worth of tokens.
The market barely blinked, but with backing from foreign investors and crypto heavyweight Justin Sun, the memecoin is holding its ground, even if the hype is starting to wear thin.
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