Internet reports that U.S. President Donald Trump recently forwarded an article on the social media platform Truth Social, recognizing his official Memecoin (TRUMP) as a measure of public political sentiment. Data shows that the current price of the token is about US$10, down 85% from the all-time high of US$73 set in January. Chain data shows that only 26.48% of TRUMP tokens are currently in circulation, and the remaining 735 million (73.52%) have not yet been unlocked. Based on current prices, the 50 million tokens to be unlocked on July 18 are worth approximately US$520 million, which may put further pressure on market prices. On June 7, Trump's son Eric Trump announced that the crypto company he supported planned to acquire "a large number" of the token, but the market reaction was muted. Industry sources pointed out that the short-term price fluctuations of Memecoin are driven by hype, but the long-term trend may reflect public expectations for Trump's political prospects.