A big batch of Trump-themed memecoin, called TRUMP, is being unlocked this week. These coins were previously locked, meaning they couldn’t be sold or traded. This token unlock can shake up the crypto market as it will add $93 million to Donald Trump’s wealth.
As per the data from Messari, people and companies linked to Trump can begin selling 90 million $Trump tokens from Thursday. These tokens are currently worth about $930 million, based on the price of $10.30 each. Early investors or insiders were previously not allowed to sell. But with this unlock, they are now free to trade their coins.
On January 17, $Trump launched with 200 million tokens. This week’s unlock increases the total coins available to the public by 45%. In total, 1 billion TRUMP tokens exist, with 800 million originally locked up and held by Trump-linked companies.
Thanks to this unlock, Trump’s personal share of the tokens will now count as $93 million, adding to his $6.4 billion net worth. Until now, these locked tokens weren’t included in his official wealth. Trump had already made around $150 million from trading the coin before mid-June, as estimated by crypto-risk firm Gauntlet.
Last week, crypto billionaire Justin Sun posted on X that plans to buy $100 million worth of Official Trump tokens. Sun’s Tron blockchain network recently added Trump memecoin as a supported token. He called TRUMP “the currency of MAGA” and promoted collaboration between ecosystems.
In May, Trump held a special event at his Virginia golf club for the coin’s top 220 holders. He promised to make the U.S. the global leader in crypto. Sun attended this VIP event, received a Trump-branded luxury watch. He is now also an advisor to another Trump crypto company called World Liberty Financial.
The 800 million locked coins are held by two companies: CIC Digital LLC and Fight Fight Fight LLC. Bill Zanker, a longtime Trump associate, runs these companies. CIC also partly owns Fight Fight Fight, but the coin website doesn’t say exactly how the tokens are split between them. Following this week’s unlock, another 510 million tokens will be released slowly over the next two years. Plus, 200 million more will start unlocking in January.
Also Read: TRUMP Coin Whale Moves $143 Million Tokens Amid Sell-Off Fears
