Memecoin as a Political Sentiment Indicator
United States President Donald Trump is openly recognizing his official memecoin as a tool to measure public sentiment toward his leadership. In a recent post on his social media platform, he shared an article framing the TRUMP token as a gauge of political momentum. This aligns with the growing narrative that digital assets, especially memecoins, can serve as unconventional barometers of public opinion.
Despite its symbolic value, the token’s market performance raises concerns. The TRUMP memecoin is currently trading around $10, a sharp 85% drop from its all-time high of $73 in January.
Massive Token Unlock Looms
On July 18, the TRUMP token faces a major test: a $520 million token unlock. According to blockchain analytics, only 26.48% of the total supply has been released. That leaves 735 million tokens (73.52%) still locked.
The upcoming unlock will release 50 million tokens — 25% of the circulating supply — into the market. Such a large supply injection could exert significant downward pressure on the token price unless matched by equally strong demand.
Market Reactions and Efforts to Restore Confidence
In response to mounting concerns, Trump’s son Eric Trump recently announced that World Liberty Financial (WLF) plans to acquire a substantial amount of TRUMP tokens. This move was seen as an effort to reinforce market confidence.
However, the token’s price showed little reaction to the announcement, prompting some observers to question the market’s confidence in the project.
Whether this unlock leads to a market sell-off or strong absorption will likely signal how much political and investor enthusiasm remains behind the token — and by extension, behind Trump’s leadership.
Memecoins as Public Sentiment Tools
The idea of using memecoins to gauge sentiment isn’t new. Analysts have noted that early surges in TRUMP’s price were driven by hype, novelty, and tribalism, typical traits in meme-based tokens.
In the long run, memecoin performance could reflect broader public attitudes, especially during politically charged periods like election seasons.
Final Thoughts
The $520 million TRUMP token unlock will serve as a critical moment for both the memecoin and Trump’s political narrative. If the token maintains strength, it may reinforce its status as a digital measure of support. If not, it could expose the limitations of political symbolism in volatile crypto markets.