TRUMP unlocks the countdown, 320 million selling pressure VS oversold rebound?

In the past two days, the market focus has gradually focused on the arrival of 40 million TRUMP coins
Unlocked on April 18, it accounts for 20% of the circulating supply and is worth about $320 million
Yuan on this matter.
In general, unlocking events are often seen as negative, especially when unlocked
When the ratio of TRUMP to the circulating supply is high, the unlocking amount of TRUMP coins is high
Up to 20%, if the team chooses to sell, the market liquidity may be unacceptable
, leading to further pressure on prices.
The price of the TRUMP coin has shrunk from its highs since its launch on January 18
90% and is currently trading at around $7.7. The market sentiment is right
The unlocking of TRUMP coins has been strongly reacted to, especially considering the meme coin
The boom is fading and the overall market sentiment is on the cautious side.
From the perspective of market depth, the current liquidity level (about 980,000 to 2 million
USD) will not be able to effectively absorb the selling pressure of $320 million if the price falls below
Key support levels, such as $7, could trigger further sell-offs.
After unlocking, the price may be under pressure in the short term, but it is necessary to pay attention to the market capacity.
If the team chooses to release liquidity in batches, the price may gradually stabilize. anti
In the event of a concentrated sell-off, TRUMP could fall to $1 or more
Low.
The project party also still holds 120 million dollars of TRUMP, which will continue to be resolved in the next 24 months
locks, long-term throwing pressure like the sword of Damocles.
However, the chain shows that 2 new wallets have recently spent 5 million USDC to buy the bottom
630,000 TRUMP, the average price is 7.93 dollars, or bet on "negative landing."
bounce".