Trump exceeds $10 billion market capitalization in one day
In less than 24 hours since its launch, Trump, the token from President Donald Trump, has jumped to $33, a massive jump from its original price of $0.18, after Trump called on his followers to secure their tokens before the 48-hour claim period expires.
It is currently trading at $27.27, which is still up over 320%, a slight cooling off after the massive rally that saw early buyers make massive gains, with some going from under $1,000 to over $300,000 in just minutes. The coin has also climbed, now ranking 28th on CoinMarketCap.
TRUMP is expanding across 10+ exchanges, with more listings coming
Included in many major custodial platforms such as Bybit and BingX, and non-custodial systems e.g Change nowwho announced the list on X, Trump (Trump) Trading volume has exceeded $9.6 billion, with its market capitalization approaching $6 billion, with more exchanges listing it every minute.
The crypto.news team quickly reached out to Pauline Changit, CMO at ChangeNOW, to get her opinion, and here’s what she shared:
“We are thrilled to be one of the first exchanges to list Trump. At ChangeNOW, all we care about is making it easy to access hot and trending assets, and Trump is no exception. Users can now Exchange them for cryptocurrencies or buy them with fiat currencies directly on our platform.“
Supports more than 1,200 cryptocurrencies and 500,000 exchange pairs, incl Trump/USDT, Trump/USDCand Trump/SeoulAmong many other things, swaps on ChangeNOW take five minutes on average. Fiat purchases are available in over 60 currencies, including EUR, USD, etc., with payment options such as Visa and MasterCard.
As Trump becomes more accessible to users, his popularity has risen, but his structure and ownership are still key aspects to take into consideration. The total token supply is $1 billion, with $200 million initially issued and the rest to be distributed over the next three years. About 80% of the tokens are owned by CIC Digital LLC, a subsidiary of the Trump Organization, and Fight Fight LLC, a newly incorporated company in Delaware.
Trump Coin Extends 2024 Meme Coin Trend
Meme coins It took over the digital space in 2024, attracting huge interest from global investors and seeing a massive 2000% overall growth. Trump’s launch appears to expand this trend. As the TRUMP token rises, it also drives Solana, the blockchain on which it was launched, to new heights. Meanwhile, other leading cryptocurrencies like Dogecoin are losing momentum. DOGE stock is down 8% since yesterday, while Shiba Inu stock is down (Gray) and baby (baby) also saw declines after Trump’s rise on Friday. SHIB stock was down 6% on the day, and Pepe stock was down 5%.
Trump’s position on cryptocurrencies
Donald Trump’s pro-crypto stance during his first term provided the backdrop for the launch of the dollar token TRUMP. Supporters see this as an extension of his interest in digital assets, which could indicate a continued focus on cryptocurrencies when he returns to office.
Disclosure: This article does not constitute investment advice. The content and materials contained on this page are for educational purposes only.
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2025-01-19 01:00:00
