Despite suffering an 88% crash from its all-time high, the TRUMP token has mysteriously surged 9% following a massive token unlock that typically crashes prices. What’s really happening behind the scenes?

In a surprising turn of events, the TRUMP memecoin associated with U.S. President Donald Trump has gained over 9% in the past 24 hours, despite a substantial $320 million token unlock that would normally drive prices downward. Trading at approximately $8.40, the cryptocurrency remains down more than 88% from its January peak of $71, with investors collectively losing an estimated $2 billion.

Token unlocks typically flood markets with additional supply, leading to price decreases. However, the TRUMP token has bucked this trend, possibly because investors had already anticipated and priced in the unlock beforehand. Nevertheless, the risk of a significant sell-off remains high, particularly considering the token’s limited liquidity.

Market data reveals the token’s vulnerability to price manipulation, with just $1.3 million in trading volume capable of moving prices by 2% on major exchanges. This volatility could be further amplified by the Easter holiday weekend’s traditionally lower trading volumes.

Social media channels have been buzzing with unconfirmed rumors about a potential event for major token holders allegedly organized by Trump himself. These claims remain speculative and have not been verified by any official sources.

According to Dune Analytics, there are currently 636,000 TRUMP token holders, though only 12,285 wallets contain more than $1,000 worth of the cryptocurrency, highlighting the token’s highly concentrated ownership structure.