Donald Trump’s meme coin sinks 85%: $TRUMP token faces $520M unlock threat

The $TRUMP token has seen a significant drop, losing 85% from its highest value of 73 USD. A recent 1 million USD sell-off has raised investor concerns, particularly with a 520 million USD token unlock approaching on July 18.

Investors are on alert as team-controlled sales raise red flags. Current trading patterns indicate a potential price target of 6 to 8 USD, suggesting that the downturn may not be over, especially with only 26.48% of tokens currently circulating.

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