In less than 24 hours since launching, TRUMP, the token from President Donald Trump, jumped to $33, a huge leap from its original price of $0,18, after Trump invited followers to secure their tokens before the 48-hour claiming window ended.
It’s currently trading at $27,27, which is still over a 320% increase, a slight cool-off after a massive surge that saw early buyers make huge gains, with some turning less than $1,000 into over $300,000 in just minutes. The token has also climbed the ranks, now sitting at 28th place on CoinMarketCap.
TRUMP expands across 10+ exchanges, with more listings ahead
Listed on several major custodial platforms like Bybit and BingX, and non-custodial ones such as ChangeNOW, who announced the listing on X, TRUMP (TRUMP) has surpassed $9.6 billion in trading volume, with its market cap approaching $6 billion, with more exchanges listing it every minute.
The crypto.news team quickly reached out to Pauline Shangett, CMO at ChangeNOW, for her take, and here’s what she shared:
“We’re excited to be one of the first exchanges to list TRUMP. At ChangeNOW, we’re all about making trending and exciting assets easily accessible, and TRUMP is no exception. Users can now swap it for crypto or buy it with fiat directly on our platform.”
Supporting over 1,200 cryptocurrencies and 500,000 exchange pairs, including TRUMP/USDT, TRUMP/USDC, and TRUMP/SOL, among plenty of others, swaps on ChangeNOW take five minutes on average. Fiat purchases are available in 60+ currencies, including EUR, USD, and so on, with payment options like Visa and MasterCard.
With TRUMP becoming more accessible to users, its popularity has taken off, but its structure and ownership are still key aspects to consider. The token has a total supply of 1 billion, with 200 million released initially and the rest to be distributed over the next three years. Around 80% of the tokens are owned by CIC Digital LLC, a Trump Organization subsidiary, and Fight Fight Fight LLC, a newly founded company in Delaware.
TRUMP Coin prolongs the 2024 meme coin trend
Meme coins have taken over the digital space in 2024, drawing significant attention from global investors and experiencing a massive 2,000% overall growth. The launch of TRUMP seems to extend this trend. As the TRUMP token soars, it’s also driving Solana, the blockchain it was launched on, to new heights. Meanwhile, other leading meme coins like Dogecoin are losing momentum. DOGE has dropped 8% since yesterday, while Shiba Inu (SHIB) and Pepe (PEPE) have also seen declines following TRUMP’s surge on Friday. SHIB is down 6% on the day, and Pepe has fallen by 5%.
Trump’s crypto stance
Donald Trump’s pro-crypto stance during his first term has provided a backdrop for the launch of the $TRUMP token. Supporters view it as an extension of his interest in digital assets, potentially signaling continued focus on cryptocurrency when he returns to office.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
