A portrait of US President Donald Trump, created by Ukranian artists Daria Marchenko and Daniel Green, literally made of coins

A portrait of President Donald Trump, created by Ukranian artists Daria Marchenko and Daniel Green, literally made of coins (Don Emmert/Getty Images)

40 million $TRUMP tokens are about to flood the market

The coins are worth about $320 million at current prices.

Sage D. Young

4/15/25 1:22PM

Forty million trump tokens worth about $320 million at current prices are set to flood the market on Thursday, according to vesting analytics platform Tokenomist.

The upcoming unlock, allocated to Trump Organization affiliate CIC Digital LLC, makes up 20% of the current circulating supply and more than 75% of the meme coin’s total 24-hour trading volume, data pulled from CoinGecko shows.

Akin to the vesting schedules of a traditional firm’s shares, token unlocks permit the gradual release of cryptocurrencies and aim to restrict founding team members or investors from immediately selling en masse during the early stages of a token’s life cycle.

Token unlocks are typically a bearish signal, corresponding to a price decline given the increase in the cryptocurrency’s supply.

$TRUMP is trading at $7.93 as of 12:45 p.m. ET, an 84% drawdown in the past three months. The event is the meme coin’s first major unlocking since it first rolled out in January, three days before President Trump’s inauguration, as industry crypto leaders were in attendance at the Crypto Ball in Washington, DC.

The meme coin boasts a market capitalization of nearly $1.6 billion, making it the fourth-largest meme coin behind dogecoin, shiba inu, and Pepe. These four meme coins collectively form roughly 72% of the entire meme coin market cap, which sits at $49.2 billion.

On-chain data shows a decrease in $TRUMP holders

On the eve of Trump’s inauguration, $TRUMP had nearly 820,000 on-chain holders, but as of Tuesday, the number has dropped 22% to 635,565 holders. Crypto exchanges Binance, OKX, and Bybit are among the top 10 in terms of $TRUMP holdings, per a Dune analytics dashboard.

The vast majority of addresses holding $TRUMP have accumulated the memecoin over the past 60 to 90 days, with only a small percentage of wallets scooping up the cryptocurrency in the last 30 days, per blockchain analytics firm Nansen.

On the first day of its launch, 200 million $TRUMP tokens were available, and by January 2028, the token’s circulating supply will reach 1 billion as a result of staggered unlocks.

$TRUMP Distribution — (Source: gettrumpmemes.com)

$TRUMP is one of several cryptocurrencies undergoing token unlocks this week. Tokenomist data shows the entire crypto market is facing a weekly total unlock value exceeding $1 billion.

Sage D. Young is a crypto journalist who’s written for CoinDesk and Unchained.

Sage D. Young5h

Bitcoin sees 8 consecutive days of gains, a streak not seen in 4 years

Bitcoin is on a winning streak. The cryptocurrency has generated eight straight days of positive returns, a rare phenomenon that has occurred only 15 times since Satoshi Nakamoto created it, according to a CoinDesk report.

In the 30 days after posting an eight-day streak, bitcoin traded higher nine times and lower six times. The median return in the period is roughly 19%. Despite the historical gains that followed, the last time bitcoin had such a rally, four years ago, it dropped roughly 30%.

Most recently, bitcoin climbed from below $66,000 on March 8 to over $75,000 yesterday before settling around $73,800 on Tuesday morning.

Traders remain modestly bullish on the likelihood of further gains, though the sentiment is fading: prediction market-implied odds of bitcoin trading above $77,500 in the month stand at 54%, a decrease from 73% on Monday.

(Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.)

Bitcoin hits rare 8-day winning streak – but 2022 bear market saw one too

Most recently, bitcoin climbed from below $66,000 on March 8 to over $75,000 yesterday before settling around $73,800 on Tuesday morning.

(Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.)

Yaël Bizouati-Kennedy6h

Another miner sells its bitcoin

Despite bitcoin being on the rebound, another bitcoin miner sold a chunk of its holdings to further its pivot to AI. In February, Cango, a former automotive service, said it sold 4,451 bitcoin in favor of AI, just a year after becoming a miner. The company said it used the proceeds of the sale to pay down long-term debt and “reduce the overall finance leverage and strengthen the balance sheet,” according to its fourth-quarter and full-year earnings release.

Shares were up 4.5% in premarket trading.

Cango recorded a net loss from continuing operations of $452.8 million in 2025, “primarily due to non-recurring transformation costs and market-driven fair-value adjustments,” it said.

Its “adjusted bitcoin treasury policy” will “provide the financial flexibility needed to navigate volatility and invest in high-potential areas like AI infrastructure,” Cango said.

Bitcoin’s earlier downward trajectory has pressured several miners, which are choosing to pivot to AI and sell their assets or exit the business entirely.

Cango’s move follows Core Scientific, which sold over 1,900 bitcoin for $175 million in January as it shifts even more of its focus to the AI data center boom.

As bitcoin mining economics “have gone from bad to worse,” companies pivot and sell to survive

Shares were up 4.5% in premarket trading.

Cango recorded a net loss from continuing operations of $452.8 million in 2025, “primarily due to non-recurring transformation costs and market-driven fair-value adjustments,” it said.

Its “adjusted bitcoin treasury policy” will “provide the financial flexibility needed to navigate volatility and invest in high-potential areas like AI infrastructure,” Cango said.

Bitcoin’s earlier downward trajectory has pressured several miners, which are choosing to pivot to AI and sell their assets or exit the business entirely.

Cango’s move follows Core Scientific, which sold over 1,900 bitcoin for $175 million in January as it shifts even more of its focus to the AI data center boom.

Sage D. Young

3/16/26

Ethereum extends rally as BitMine continues buying spree

The largest ethereum treasury firm, BitMine Immersion Technologies, added $139.7 million worth of tokens to its stockpile.

Yaël Bizouati-Kennedy

3/16/26

Bitcoin continues to climb despite war with Iran, oil price shock

Sage D. Young3/13/26

Ethereum hits highest price in over a month as BlackRock joins the fray of ethereum staking ETFs

Ethereum climbed to its highest level in over a month on Friday, briefly touching $2,200. The price swing comes amid a new change among ETFs focused on the second-largest cryptocurrency by market capitalization.

Yesterday, ETHB — BlackRock’s iShares Staked Ethereum Trust ETF — started trading on the Nasdaq, making the investment vehicle the first from the financial titan to include staking, the process of locking up tokens to help secure the network’s consensus mechanism in exchange for rewards.

The nascent staking ETF has nearly $150 million in net assets, drawing in $43.5 million in inflows on its first day, data from SoSoValue shows. “Pretty good start for any ETF,” Bloomberg ETF analyst James Seyffart wrote in a social media post.

While ETHB is BlackRock’s first ethereum staking ETF, it’s not the first to market. The Grayscale Ethereum Staking Mini ETF launched in 2024, while the Rex-Osprey ETH Staking ETF rolled out last year.

Ethereum ETFs have seen nearly $157.7 million of inflows in March, on track to record their first monthly inflow since October.

Meanwhile, the Ethereum Foundation published its mandate, “a document that serves as part constitution, part manifesto, and part guide for the Ethereum Foundation,” on Friday.

“Our Mandate to EF states what must be cherished to protect the ultimate reason for Ethereum’s existence: user self-sovereignty,” the Ethereum Foundation board wrote. “To be a part of EF, our own teams must remember that Ethereum must, above all, remain censorship resistant, open source, private, and secure (CROPS).”

The mandate is a new chapter in how the organization views its position in the world, according to ethereum cofounder Vitalik Buterin. “We must see ourselves not just as the Ethereum community, but also as maintainers of the Ethereum tool within what you might call the CROPS community,” Buterin said. “This means open-mindedness to new conceptions of what things in the world are our natural allies.”