Trump Memecoin ‘Unlock’ Raises Risk of Deeper Slide by Token

Crypto market participants are bracing for the release of a large swath of the memecoin first debuted by President Donald Trump just before his second inauguration that ended up whipsawing buyers.

The so-called token unlock scheduled for Thursday means that holders such as early investors or insiders who were restricted from selling earlier are now free to make the coins available for trading. Some 200 million Trump memecoins became available at launch on Jan. 17. On Thursday, another 40 million coins allocated to groups affiliated with the president will be unlocked. The total amount outstanding will balloon to 1 ...