Altcoins News
By Maheen Hernandez
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What happened. A wallet tied to the Official Trump Meme Coin project moved 11.01 million SOL — worth roughly $26.
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The historical context. Pre-unlock token moves aren't exactly rare. The Ethereum Foundation has sold ETH at strategic…
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Why it matters. The token is down 97% from its peak. That number sits at the center of everything here.
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What to watch. A few things worth tracking as September 18 gets closer.
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Can a token down 97% from its peak still have a strategy worth watching?
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A wallet tied to the Official Trump Meme Coin project moved 11.01 million SOL — worth roughly $26.65 million — just ahead of a scheduled token unlock. Not a small shuffle.
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Pre-unlock token moves aren't exactly rare. The Ethereum Foundation has sold ETH at strategic moments, often right before major protocol upgrades.
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The Trump Coin playbook echoes those moves, but there's an obvious wrinkle: the political branding. It's not just a crypto project.
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Moving large amounts of tokens before an unlock can read two ways. One reading: the team is being smart, getting ahead of the supply shock that typically hammers prices when a…
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See also: Bitmines ETH Holdings Surge Past 5.9 Million After Massive 53,501 Token Purchase
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Long-term holders are in a rough spot. If demand doesn't grow fast enough to soak up the added supply from each of those 34 unlocks, prices stay under pressure.
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Senators Elizabeth Warren, Adam Schiff, and Richard Blumenthal have all scrutinized the project. That political attention doesn't go away quietly.
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Watch the volume of TRUMP tokens hitting exchanges in the days before and after the unlock. A spike above $30 million post-unlock would probably mean selling pressure is running…
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Read also: Solana Burns 18.9 Million SOL While Bitcoin Chases Quantum-Proof Security
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The recent launch and quick dump of a Solana token called GOLD, tied to an account linked to President Trump, adds more noise to an already complicated picture.
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