In less than 24 hours since its release, the Official Trump item gained significant popularity, experiencing a massive increase in price by three digits.
The asset is currently supported by two major cryptocurrency trading platforms following its astonishing surge and impressive trading activity.
Binance, Coinbase Join the Pack
On an unusual day, a meme coin was unveiled not often by a former and prospective U.S. president. However, we are living in extraordinary times, and that’s exactly what transpired last Friday evening when the incoming president, who will resume office on January 20, declared the introduction of such a digital token called Official Trump.
In just a short timeframe, the value of this asset skyrocketed, now ranking as the 23rd-largest (as per CoinGecko) and the 21st-biggest (on CoinMarketCap). Although there seems to be some inconsistency between these two platforms, they both concur that its price exceeds $43 and has a market cap approximately equal to $9 billion. This rapid growth has resulted in numerous success stories along the way.
Furthermore, the trading volumes skyrocketed to over $11 billion in just 24 hours, an event that has sparked a surge of interest in the TRUMP token among major exchanges. Notably, Binance and Coinbase are the latest (and among the largest) platforms to jump on this trend.
A leading U.S. cryptocurrency platform announced plans to include TRUMP on their development schedule, often indicating a forthcoming availability for trading.
Binance has announced that trading for TRUMP will commence on January 19th at 8:30 UTC. Initially, it will be paired with the two largest stablecoins, USDC and USDT. Withdrawals for TRUMP will become available from January 20th, coinciding with the same timeframe.
Above PEPE
Yesterday, there was discussion about whether TRUMP could surpass other meme coins to take the top spot in terms of market capitalization. At that point, it was ranked fourth. However, since then, the asset has moved up a notch and now sits above PEPE.
Yesterday, the meme token based on frogs reached approximately $0.000021, but when Trump-related excitement escalated, its value began to decline sharply. Currently, it’s trading below $0.000018, representing a 15% drop within just one day. On CoinMarketCap, its market capitalization has decreased to $7.5 billion, significantly lower than Trump’s $9 billion.
Moving forward in Donald Trump’s ascension to the top position, we find Shiba Inu following closely, experiencing a daily decline as well. With a market capitalization nearly reaching $13 billion, it appears achievable considering the significant surge that has occurred since Trump’s debut.
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2025-01-19 10:52