United States President Donald Trump has backed the idea that his official memecoin, TRUMP, serves as a reflection of public sentiment toward his leadership. In a recent post on his Truth Social platform, the president highlighted a Newsmax article that portrayed the token as a “barometer of political momentum,” aligning with views held by some figures in the crypto space. However, despite the symbolic weight the token may carry, its market performance suggests that sentiment might be slipping. As of June 7, TRUMP traded around $10—a steep drop of 85% from its all-time high of $73 in January. Major TRUMP Token Unlock Could Shake Market Further pressure on the memecoin could arrive soon. On-chain analytics from Tokenomist reveal that only 26.48% of TRUMP’s total supply has been unlocked so far, leaving about 735 million tokens—roughly 73.52%—yet to hit the market. A significant unlock is scheduled for July 18, when 50 million TRUMP tokens, valued at over $520 million, will be released. This represents 25% of the current circulating supply. Analysts have warned that such a large influx of tokens could depress prices further, especially if market demand doesn’t scale in tandem. To counter concerns, Eric Trump announced on June 7 that World Liberty Financial (WLF)—a crypto company backed by the Trump family —plans to acquire a “substantial amount” of TRUMP tokens. Despite this effort to boost investor confidence, the token’s price failed to show any noticeable rebound, prompting some observers to describe the announcement’s market impact as underwhelming. Memecoins as Political Thermometers The idea of using memecoins as public sentiment gauges is gaining traction. Animoca Brands co-founder Yat Siu previously argued that the early hype around TRUMP was driven by novelty, but over time, its performance could mirror deeper public attitudes toward the president. While the TRUMP memecoin has become a digital symbol of political affiliation for some, the coming weeks will reveal whether it serves as a serious indicator of meme coin’s standing—or just another speculative asset in a volatile market. The July token unlock will be a pivotal moment. If investors embrace the influx without panic, it could signal sustained faith in the president’s brand. The post Trump Endorses His Official Memecoin as a Political Sentiment Gauge appeared first on TheCoinrise.com .
