Official Trump meme coin set to release $341 million token. Analysts optimistic about potential bullish reversal.
Donald Trump’s official meme coin (TRUMP) is on the verge of releasing a significant token worth around $341 million. According to Tokenomist data, 40 million TRUMP tokens will be released into the free market on March 30. With 199 million TRUMP tokens already in circulation, this release represents about 20% of meme coin’s circulating supply. TRUMP meme coin currently has a market value of $1.69 billion. Token releases are often seen as bearish for crypto assets. Despite this release, analyst Ali Martinez is optimistic about TRUMP and believes this currency could be poised for a bullish reversal.
