US President Donald Trump’s Memecoin (Trump) will undergo a big token lock next week, with the team behind the project set to receive $ 320 million, about 20% of the circulating supply.

The locking may be another battle for the thousands of investors who reportedly lost a collective $ 2 billion after purchasing the token in January.

Trump is currently shopping for $ 8.03, after losing 83% of its value since January 18, two days before Trump was inaugurated as president.

Token Unlocks is typically Bearish events as they involve flooding of the market with fresh supply without providing incentives to create demand. Sometimes the market prices in these unlock in front of the release, leading to prices that fall to new low ones that go into these events.

Dune data shows that there are 637,000 unique holders of the Trump token, down from 817,000 when they were launched. There are also now only 12,000 wallets that have more than $ 1,000 worth of Trump, a number that has subsided significantly since January 19, when 143,000 wallets had this amount or more.

It is unclear whether Trump and his team will read the unlocked Memecoins next week, although selling in the open market would be disastrous as a 2% market depth, a metric used to assess liquidity over a 2% area is between $ 980K and $ 2 million, which means $ 320 million for sales pressure would send price to a death spiral.

Memecoins have generally lost most of their hype after a cycle dominated by retail investors who want to “get rich” on newly embossed Memecoins, most of which were launched in shadowy offers where insiders would serve, while other investors would lose.

The Memecoin market is down from $ 119 billion in December to $ 45 billion today, according to CoinMarketcap.