Is Trump’s $93M Memecoin Payday Just the Beginning of a Crypto Empire or a Risky Gamble?
Capital flows in, but TRUMP price barely flinches
Despite the token unlock, TRUMP coin’s rally barely held its ground. On the 18th of July, 90 million tokens were released, marking its first major unlock in six months, injecting substantial liquidity into the market.
But the price action was underwhelming. The memecoin briefly spiked to $10.24 before settling near $10.11, at press time, as seen on the daily chart.
Source: TradingView
The RSI hovered just under 61, hinting at moderate strength, while the MACD showed only a mild bullish divergence. The market’s lukewarm response suggests fading investor excitement, even as wallets saw their paper wealth swell.
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