It is a truth universally acknowledged, that a memecoin in possession of a good fortune must be in want of a regulatory framework. However, the imminent unlocking of a Trump-themed memecoin, known in the trade as TRUMP, is set to add a new layer of froth to the ongoing debate over US legislation during what is being called “Crypto Week.” As Republicans rally behind three digital asset bills this week, one can almost hear the sound of political gears grinding.
According to sources as reliable as a politician’s promise, 90 million Official Trump (TRUMP) tokens, worth more than $900 million, are set to be unlocked this week. This will allow holders to sell the memecoin, which was launched in January, ahead of what would have been Trump’s second-term inauguration, had the universe seen fit to grant it. 🎉
The unlock boosts the memecoin’s circulating supply by 45%, marking one of the most significant increases since 200 million tokens were available at launch on Jan. 17. It’s enough to make one’s head spin, or at the very least, one’s portfolio.
The token unlock follows Republicans losing a procedural vote to advance bills to regulate payment stablecoins, bar exploration of central bank digital currencies, and establish crypto market structure. Trump, ever the master of the political chessboard, claimed to have convinced dissenting members of his party to change their votes when the matter returns to the floor of the House of Representatives on Wednesday. 🤔
The memecoin project said at launch that one billion tokens would be slowly unlocked over three years. Data from Nansen.ai showed the price of TRUMP surged to $10.31 from $9.40 on Wednesday before settling back to $10.09 at the time of publication. It’s a rollercoaster ride, to be sure, but one that seems to have more twists and turns than a political scandal.
Congress is Expected to Vote on Three Crypto Bills
the show in Washington is far from over. 🎬
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2025-07-16 22:20