Trump
Olumide Adesina•Sunday, January 19, 2025•1 minute read
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Coinbase and Binance announced that “official” The Donald Trump Second Administration meme coin will be available on their platform.
Coinbase has announced its intention to list the TRUMP token. She announced through her Coinbase Assets However, the exchange has not set a specific listing date. Binance announced that it will begin trading the TRUMP token on January 19.
The token is also available on other centralized exchanges, including Bitget, KuCoin, and Kraken. It has a market capitalization of just over $8 billion, and trading volume of about $15 billion.
The introduction of the TRUMP token on the Solana blockchain quickly gained widespread attention, taking social media by storm and igniting a wave of discussions, misunderstandings and FOMO (fear of missing out).
According to the $TRUMP website, CIC Digital, an affiliate of the Trump Organization, and Fight Fight Fight, a jointly owned company, control 80% of the currency.
The release of the meme coin, which coincides with Trump’s impending inauguration, has led to increased interest as questions continue to arise about the new administration’s potential impact on cryptocurrencies.
The cryptocurrency community is awaiting Trump’s policies as he prepares to take office and how they could impact digital assets in the future. $TRUMP’s dramatic debut is just the beginning, and many people are anticipating more developments in the coming days.
President Trump intends to issue executive orders regarding Bitcoin and the larger cryptocurrency sector. One of the main goals of his campaign was to promote a more lenient regulatory framework for cryptocurrencies.
Olumide Adesina
Financial markets writer
Olumide Adesina is a French-born Nigerian Malian writer. He tracks, analyzes and reports on changes in financial markets with over 15 years of hands-on experience in investment trading.
