'Trump Coin' Unlocking Soon: Testing Market Demand and Increasing Trump's Wealth

According to reports, a batch of Trump memecoins set to unlock this week will not only test the real demand in the cryptocurrency market, but also potentially increase the net worth of the billionaire former president by nearly $1 billion. Crypto research firm Messari stated that entities associated with Trump will begin receiving permission to sell 90 million tokens starting from Thursday. Calculated at around $10.30 per token on Wednesday, the total value of the tokens unlocking this week is close to $930 million. The 'unlocking' means that early investors or insiders who were previously restricted from selling can now freely trade these tokens. When first issued on January 17th, around 200 million 'Trump Coins' were in circulation, and this unlocking will increase the circulating supply by 45%. According to crypto risk modeling company Gauntlet, Trump has already made around $150 million in profits through the sale and trading of this coin by mid-June.

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