Within just one day following its debut, TRUMP‘s token value skyrocketed to $33, marking a significant increase from its initial price of $0.18. This surge occurred after President Donald Trump extended an invitation for his followers to secure their tokens before the 48-hour redemption period expired.
At present, it’s being transacted at approximately $27,270, representing a significant jump of more than 320%. Following an enormous spike that brought early investors substantial profits, there’s been a slight slowdown. Remarkably, some initial investments less than $1,000 have grown into over $300,000 within minutes. The token has also advanced in the rankings and currently holds the 28th position on CoinMarketCap.
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TRUMP expands across 10+ exchanges, with more listings ahead
On a variety of prominent custodial platforms such as Bybit and BingX, as well as non-custodial ones like ChangeNOW, TRUMP (TRUMP) has exceeded a trading volume of over $9.6 billion. Its market capitalization is rapidly approaching $6 billion, with new exchanges adding it to their roster every minute.
Brace yourselves for the arrival of @GetTrumpMemes, it’s massive! 🇺🇸
This meme token, $TRUMP, is inspired by the larger-than-life persona of a certain individual. It’s all about audacious declarations and monumental actions in the realm of cryptocurrency.
Feeling ready to revolutionize crypto once more? Grab your $TRUMP tokens right away! 🔗
— ChangeNOW (@ChangeNOW_io) January 18, 2025
The crypto.news crew promptly contacted Pauline Shangett, the Chief Marketing Officer at ChangeNOW, seeking her perspective, and this is what she disclosed:
The crypto.news team swiftly got in touch with Pauline Shangett from ChangeNOW’s marketing department to hear her thoughts, which she generously provided:
We’re thrilled to announce that TRUMP is joining our list of available assets! At ChangeNOW, we pride ourselves on offering the latest and most intriguing digital assets in a user-friendly manner. With TRUMP now on board, users can effortlessly exchange it for other cryptocurrencies or even buy it with traditional money directly through our platform.
Through ChangeNOW, you can swap more than 1,200 different cryptocurrencies and half a million exchange pairs, such as TRUMP/USDT, TRUMP/USDC, and TRUMP/SOL, among many others. The average time for these swaps is about five minutes. Furthermore, fiat purchases are supported in over 60 currencies like EUR, USD, with payment methods including Visa and MasterCard.
As TRUMP gains wider usage among users, its appeal continues to grow significantly. However, it’s essential to remember that its governance and ownership remain crucial factors. The token has a total circulation of 1 billion units, with 200 million distributed at launch, and the remaining supply to be doled out over the subsequent three years. It’s worth noting that approximately 80% of these tokens are held by CIC Digital LLC, a subsidiary of the Trump Organization, and Fight Fight Fight LLC, a fresh company established in Delaware.
TRUMP Coin prolongs the 2024 meme coin trend
2024 saw meme coins dominating the digital landscape, capturing the interest of investors worldwide and witnessing a staggering 2,000% total increase in value. The introduction of TRUMP seems to be perpetuating this trend. As the TRUMP token gains altitude, it’s simultaneously propelling Solana, its launch platform, to unprecedented heights. On the other hand, front-runners like Dogecoin are losing steam. Dogecoin has dipped 8% since yesterday, while Shiba Inu (SHIB) and Pepe (PEPE) have also experienced declines in response to TRUMP’s ascent, which occurred on Friday. SHIB has dropped 6% for the day, and Pepe has suffered a 5% decrease.
Trump’s crypto stance
During Donald Trump’s first term, his supportive views towards cryptocurrencies paved the way for the creation of the $TRUMP token. Backers perceive this development as a natural extension of his interest in digital currencies, suggesting that he may continue to prioritize cryptocurrency matters if he is re-elected to office.
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2025-01-19 01:04