In less than 24 hours since its launch, TRUMP, the token of President Donald Trump, jumped to $ 33, a huge jump from its original price of $ 0.18, after Trump invited him fans to get their marks before the 48-hour application window ended.
It is currently trading at $27.27, which is still above the 320% increase, which is a bit cool after a huge rally that saw early buyers make huge gains, with some turning over less than $1,000 to 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 various hosting platforms such as Bybit and BingX, and non-regarding ones such as Change NOWwho named 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 opinion, and here's what she shared:
“We are excited to be one of the first exchanges on the TRUMP list. At ChangeNOW, we're all about making moving and interesting assets easily accessible, and TRUMP is no exception. Users can now Exchange it for crypto or buy it with fiat directly on our platform.“
Supports more than 1,200 cryptocurrencies and 500,000 exchange pairs, including TRUMP/USDT, TRUMP / USDCand TRUMP/SOLamong many 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 such as Visa and MasterCard.
With TRUMP becoming more accessible to consumers, it is gaining popularity, but its structure and ownership are still key considerations. 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. About 80% of the tokens are owned by CIC Digital LLC, a subsidiary of the Trump Organization, and Fight Fight Fight LLC, a newly incorporated company in Delaware.
TRUMP Coin expands the 2024 coin meme movement
Coins meme has taken over the digital space in 2024, attracting huge attention from global investors and seeing a massive overall growth of 2,000%. TRUMP's announcement is likely to amplify this trend. As the TRUMP token soars, it is also driving Solana, the blockchain it was launched on, to new heights. Meanwhile, other major meme coins like Dogecoin are losing momentum. DOGE has fallen 8% since yesterday, while Shiba Inu (SHIB) and Pepe (PEIP) also saw a decline after TRUMP's rise on Friday. SHIB is down 6% on the day, and Pepe is down 5%.
Trump's crypto position
Donald Trump's pro-crypto stance in his first term has provided the backdrop for the launch of the $TRUMP token. Supporters see it as an extension of his interest in digital assets, which could signal a continued focus on digital currency when he returns to office.
Disclosure: This article does not constitute investment advice. The content and materials on this page are for educational purposes only.
