Key takeaways
A $938 million TRUMP token unlock handed Trump-affiliated entities access to nearly $93 million, though there’s no sign of a sell-off yet. Despite tepid price action, foreign backers and big names like Justin Sun are keeping the memecoin afloat, making Trump richer on paper.
Did President Donald Trump just get a little richer?
A $938 million token unlock for the Official Trump [TRUMP] memecoin handed his affiliated businesses access to nearly $93 million worth of tokens.
The market barely blinked, but with backing from foreign investors and crypto heavyweight Justin Sun, the memecoin is holding its ground, even if the hype is starting to wear thin.
Capital flows in, but TRUMP price barely flinches
Despite the token unlock, TRUMP coin’s rally barely held its ground. On the 18th of July, 90 million tokens were released, marking its first major unlock in six months, injecting substantial liquidity into the market.
But the price action was underwhelming. The memecoin briefly spiked to $10.24 before settling near $10.11, at press time, as seen on the daily chart.
Source: TradingView
The RSI hovered just under 61, hinting at moderate strength, while the MACD showed only a mild bullish divergence. The market’s lukewarm response suggests fading investor excitement, even as wallets saw their paper wealth swell.
Who holds the TRUMP cards?
But here’s the thing – the lion’s share of token gains are flowing to Trump-affiliated entities.
CIC Digital, an entity closely associated with the U.S. President, now controls 76% of the token’s total supply across four labeled allocations.
Following the recent unlock of 90 million tokens, the largest increase went to CIC Digital 2, which already held 18% of the supply. This wallet received an additional 4.5% of the total supply, further consolidating its position.
Source: Cryptorank
In total, Trump-linked entities now have access to nearly $93 million worth of tokens. So, no matter how the memecoin moves, the President, and his circle continue to come out ahead.
Did the unlock make Trump richer?
So, did Trump get richer? Technically, yes.
The $93 million worth of unlocked TRUMP tokens now sits squarely within the reach of businesses tied to him. But “paper wealth” is the operative phrase here. There’s no indication he’s cashed out yet; just like during the last unlock.
Still, the optics matter: between massive foreign buyers, like a mysterious Chinese firm, and crypto mogul Justin Sun pledging $100 million more, the memecoin’s backing looks as political as it is financial.
Even if Trump never sells a coin, the sheer presence of that value continues to boost his crypto-fueled fortune.
Source: https://ambcrypto.com/did-trump-just-earn-93m-from-his-memecoins-token-unlock/