Meme associated with Trump has fallen 85% from its historical high, with 520 million tokens set to unlock.

According to ChainCatcher news and a report by Cointelegraph, U.S. President Donald Trump recently shared an article on the social media platform Truth Social, acknowledging the viewpoint of its official Memecoin (TRUMP) as a measure of public political sentiment. Data shows that the current price of the token is around $10, down 85% from its historical high of $73 set in January. On-chain data shows that the TRUMP Token is currently only 26.48% in circulation, with 735 million coins (accounting for 73.52%) still not unlocked. Based on the current price, the 50 million Tokens that will be unlocked on July 18 are valued at approximately $520 million, which may exert further pressure on market prices. On June 7, Eric Trump, the son of Donald Trump, announced that the crypto company he supports plans to acquire a large amount of this Token, but the market reaction was lukewarm. Industry insiders point out that the short-term price fluctuations of memecoins are driven by speculation, but the long-term trend may reflect the public's expectations for Trump's political prospects.