Key Points
The unlocking of $938 million in TRUMP tokens provided entities connected to Donald Trump with access to almost $93 million. To date, there have been no signs of a large-scale sell-off. Even with lackluster price performance, support from international investors and figures like Justin Sun helps sustain the memecoin’s value, which boosts Trump’s apparent wealth.
Has former President Donald Trump’s financial standing recently improved?
Entities associated with Trump gained control of nearly $93 million worth of TRUMP memecoin tokens following a substantial $938 million token unlock event.
While the market response was muted, the memecoin maintains its position, supported by both foreign capital and prominent crypto investor Justin Sun, even as the initial excitement begins to fade.
Price Stagnation Despite Capital Injection
The TRUMP token’s upward momentum was barely sustained despite this significant token unlock. Approximately 90 million tokens were released on July 18th. This marked the first major unlocking of the token in six months and significantly enhanced market liquidity.
The price reaction, however, was underwhelming. The memecoin briefly saw a peak of $10.24 before settling around $10.11, according to the latest information on the daily chart.
The Relative Strength Index (RSI) remained slightly under 61, suggesting moderate strength, while the Moving Average Convergence Divergence (MACD) showed only a minor bullish trend. This reserved market response indicates a decline in investor enthusiasm despite the increase in the paper value of some wallets.
Token Distribution: Who Benefits?
Notably, the majority of these token gains are being funneled toward entities with close ties to Trump.
CIC Digital, an organization deeply connected to the former President of the United States, currently controls approximately 76% of the total token supply, spread across four categorized allocations.
The largest portion of the 90 million tokens unlocked recently went to CIC Digital 2, which already possessed 18% of the token supply. Following the unlock, this wallet secured an additional 4.5% of the total supply, thereby reinforcing its dominant position.
Source: Cryptorank
Overall, entities with ties to Trump now have access to approximately $93 million worth of these tokens. Therefore, regardless of price movements, the former President and his close associates continue to be the primary beneficiaries.
Did the Token Unlock Increase Trump’s Wealth?
Has Trump seen a boost to his finances? Technically, the answer is yes.
The unlocked TRUMP tokens, valued at $93 million, are now accessible to businesses linked to him. However, this wealth remains theoretical until liquidated. No evidence suggests that any tokens have been sold off at this point.
The source of the support for the memecoin is notable. Substantial purchases from international entities, combined with crypto figure Justin Sun’s pledge to invest an additional $100 million, suggests the memecoin’s backing reflects both financial and political motives.
Even if Trump chooses not to sell any of his tokens, the mere presence of this value continues to bolster his crypto-based net worth.