Trump’s official memo is soaring despite the unlock of $ 330 million in a thin holiday transaction.

Trump, a memo tied to US President Donald Trump, has accounted for more than 9% of the $ 330 million token lock in the last 24 hours. The price is currently around $ 8.40 and has fallen more than 88% from $ 71 in January 18.

Recently, unlocking can cause more problems for investors who are believed to have lost $ 2 billion after purchasing tokens earlier this year.

Token locks are generally flooded into the market with new supply and tend to decrease prices. In this case, however, the market appears to be priced in the release in advance and potentially explains the price increase. Nevertheless, the unlock of $ 330 million increases the risk of a large selling, especially in consideration of Trump’s thin liquidity.

According to the data from CoinmarketCap, only $ 1.3 million can move the token price of 2% from the main exchanges. This measure can be conquered on the Easter vacation weekend and the price fluctuations can be more pronounced.

In social media, rumors are swirling possible events for large tokens organized by Trump. These arguments are not verified and remain very speculative.

According to Dune Analytics’ data, there are currently 636,000 Trump token holders on chains and 12,285 wallets with more than $ 1,000 cryptocurrency.