Trump's memecoin enjoys surprise 10% surge after sales lock up is lifted

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Trump's memecoin enjoys surprise 10% surge after sales lock up is lifted

//stocks-investing.news-articles.net/content/202 .. rise-10-surge-after-sales-lock-up-is-lifted.html

Published in Stocks and Investing on Monday, April 21st 2025 at 19:21 GMT by Fortune

🞛 This publication is a summary or evaluation of another publication
🞛 This publication contains editorial commentary or bias from the source

Trump's official memecoin has lost 90% of its value since Jan. 19.

2025-04-21 312 x 156 / 58338 Bytes

The article from Fortune discusses the significant impact of the upcoming unlock of $4.5 billion worth of Trump-themed memecoins, such as MAGA (TRUMP) and TREMP, scheduled for April 21, 2025. These tokens, which surged in value following Donald Trump's conviction in a hush money trial, are set to flood the market, potentially causing a sharp decline in their prices due to the increased supply. The unlock event is likened to previous memecoin unlocks that led to dramatic price drops, with experts warning investors about the high risk of holding these assets post-unlock. The article also touches on the broader implications for the memecoin market, suggesting that while some investors might see short-term gains, the long-term outlook remains uncertain and volatile.

Read the Full Fortune Article at:
[ https://fortune.com/crypto/2025/04/21/trump-memecoin-unlock/ ]