Trump Backs Memecoin as Political Sentiment Indicator Ahead of $520M Token Unlock

U.S. President Donald Trump appears to be embracing his official memecoin, not just as a financial asset but as a barometer of public sentiment surrounding his leadership — even as the token trades far below its peak.

Trump Sees Crypto Token as Pulse of Popularity

In a recent Truth Social post, Trump highlighted a Newsmax article suggesting that the Official Trump (TRUMP) memecoin could serve as a real-time indicator of his political momentum. This sentiment has been echoed by several voices in the crypto industry, who argue that memecoins can mirror public enthusiasm, particularly around high-profile figures.

TRUMP Token Down 85% From ATH

Despite being touted as a symbol of support, the TRUMP token is down over 85% from its all-time high of $73 in January 2025, currently trading at approximately $10. The looming release of a massive $520 million worth of tokens could further test investor confidence and price stability.

$520M Token Unlock Set for July 18

According to data from Tokenomist, only 26.48% of the total TRUMP token supply is currently in circulation. That leaves a staggering 735 million tokens — or 73.52% of total supply — yet to hit the market.

A significant unlock is scheduled for July 18, when 50 million TRUMP tokens will be released, amounting to 25% of the current circulating supply and carrying an estimated value of over $520 million.

Large-scale token unlocks often raise concerns about increased selling pressure, especially if market demand doesn't match the surge in supply.

Donald Trump shares an article discussing memecoin as a success tracker. Source: Donald Trump

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Market Shrugs at Confidence Boost from Eric Trump

In an effort to stabilize sentiment ahead of the unlock, Eric Trump recently announced that World Liberty Financial (WLF) — a Trump family-affiliated crypto firm — plans to purchase a “substantial amount” of TRUMP tokens for its long-term holdings.

Despite the announcement, the token's price showed little upward momentum, leading some analysts to question the strength of investor conviction. One crypto commentator described the price stagnation as “not a good sign.”

Can Memecoins Truly Reflect Public Sentiment?

While the idea of memecoins reflecting social or political sentiment isn’t new, it remains controversial. Yat Siu, co-founder of Animoca Brands, previously stated that the early rise of the TRUMP token was driven primarily by hype and novelty rather than substantive value.

Still, in the long term, Siu believes these types of tokens could act as digital proxies for broader public opinion — particularly in an era where politics, finance, and internet culture are becoming increasingly intertwined.

Read More: TRUMP Memecoin Struggles to Rally Despite Eric Trump’s Endorsement and Treasury Buy Plan

Key Takeaways

• Trump embraces TRUMP token as a tool to gauge public sentiment.

• Token is down 85% from its ATH, currently trading near $10.

• A $520 million token unlock is scheduled for July 18.

• Eric Trump’s announcement of a major WLF acquisition failed to move the market.

• Debate continues over memecoins as indicators of political enthusiasm.

As the token unlock approaches, investor response could provide real insight into how much confidence remains in both the token — and the man it represents.