Bitcoin

Justin Sun Promises to buy $100M of Trump Memecoin ahead of Major Token Unlock

The news comes to only 10 days before a significant release from Trump Memecoins, worth $ 474 million, which is expected to enter the market. During the launch in January, an additional 20% of the total token offer generated by Uber were available, while 80% were locked and will be gradually released over a period of three years. CIC Digital and Fight Fight Fight, the two companies owned and operated by Trump, hold most of these tokens, Trump retaining majority participation.

The future version has drawn the attention of investors and political analysts. Once unlocked, the majority of these tokens, who are still under the control of Trump and its affiliated companies, could flood the market, potentially affecting prices and trading volumes. On Wednesday, the Trump token was negotiated at $ 9.18, reflecting a daily increase of 7%, although it remains down 87% compared to its top of all time in January.

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