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This week, the crypto assets market will welcome a highly anticipated event - the unlocking of the TRUMP Token. This will not only test the market's actual demand for this token but also possibly bring substantial financial gains to its founder.
According to a report by the crypto research firm Messari, starting this Thursday, institutions related to the TRU Token will gain the right to sell 90 million Tokens. Based on Wednesday's market price of approximately $10.30, the total value of the upcoming unlocked Tokens is nearly $930 million. The term "unlocking" refers to the Tokens that were previously restricted for early investors or insiders now being freely tradable.
The TRUMP Token was first issued on January 17 of this year, with a circulation of approximately 200 million coins. After this unlock, the market circulation will increase by 45%. Market analysis shows that as of mid-June, the sales and trading of the TRUMP Token have generated approximately $150 million in revenue for its founders.
This large-scale unlocking will undoubtedly become an important event in the Crypto Assets market. It not only reflects the market's confidence in specific Tokens but may also impact the entire Crypto Assets ecosystem. Investors and market observers are closely following this event, trying to predict the market performance of the TRU Token after the unlocking.
As the unlocking date approaches, the Crypto Assets community is actively discussing: will this batch of newly released TRUMP Tokens trigger a buying frenzy, or will it face market indifference? Regardless of the outcome, this will become an important indicator for assessing the sentiment of the Crypto Assets market and investor behavior.