I was thinking about how easy it is to mistake rising volume for stronger conviction. Then I looked closer at $TRUMP and the picture felt less straightforward.
TRUMP has rebounded more than 60% in a week, with daily volume reaching roughly $2.16B. That is enormous activity for a token with only about 248M circulating against a 1B maximum supply.
What caught my attention is the supply still sitting ahead. The September 18 unlock alone is around 28.7M TRUMP, while insiders and affiliated entities can also dispose of tokens under disclosed plans.
So the interesting question isn't whether traders are interested. They clearly are.
It's whether this demand can keep absorbing supply without relying on another burst of speculative volume. With $3.60 acting as a major breakout reference and ~$1.82 as an important downside level, I'm wondering what happens when the excitement meets the unlock schedule...
TRUMP has rebounded more than 60% in a week, with daily volume reaching roughly $2.16B. That is enormous activity for a token with only about 248M circulating against a 1B maximum supply.
What caught my attention is the supply still sitting ahead. The September 18 unlock alone is around 28.7M TRUMP, while insiders and affiliated entities can also dispose of tokens under disclosed plans.
So the interesting question isn't whether traders are interested. They clearly are.
It's whether this demand can keep absorbing supply without relying on another burst of speculative volume. With $3.60 acting as a major breakout reference and ~$1.82 as an important downside level, I'm wondering what happens when the excitement meets the unlock schedule...