From Cointelegraph

June 7, 2025 4:52 am:

United States President Donald Trump supports the idea that his official memecoin reflects public sentiment about his leadership. The Official Trump (TRUMP) memecoin is currently trading at around $10, down 85% from its all-time high of $73 in January. A scheduled $520 million token unlock in July could further decrease its value.

Data from Tokenomist shows that only 26.48% of the TRUMP token’s total supply has been unlocked, with 73.52% yet to enter circulation. On July 18, 50 million tokens valued at over $520 million will be unlocked, potentially putting downward pressure on the token’s price.

Trump’s son Eric Trump tried to boost market confidence by announcing that World Liberty Financial plans to acquire a “substantial amount” of the memecoin tokens. However, the token’s price didn’t react significantly, leading to concerns about market sentiment towards Trump’s leadership.

Using memecoins as a tool to measure public sentiment is not new. The rapid rise of the TRUMP token is attributed to hype and novelty, but in the long term, it could reflect broader attitudes towards Trump’s presidency.

Read more at Cointelegraph: Trump Memecoin Faces $520M Unlock in July as Price Drops 85%