The “official” memecoin of the second administration of Donald Trump will be listed on major cryptocurrency exchanges, including Coinbase and Binance, according to company announcements.
Coinbase announced plans to list the TRUMP token on Sunday. The announcement was made through its Coinbase Assets X account, which provides information on new assets, but the exchange did not provide a concrete timetable for the listing.
Binance said it plans to open trading for the TRUMP token on the morning of January 19. The token is already traded on many other centralized exchanges, such as Bitget, KuCoin and Kraken according to CoinGecko.
On-chain data shows that the token has a market capitalization of just over $7.6 billion and a trading volume of around $15 billion.
While many of the largest cryptocurrency exchanges have enthusiastically adopted the official Trump memecoin, the first Trump-themed token, ONE, one of the original Political Finance (PoliFi) tokens, has struggled to get listed on exchanges. scholarships.
As CoinDesk reported earlier this year, ByBit and OKX rejected the team’s request to list the token, due to concerns that the project was too political. Kraken did not respond to their request for a quote and declined to discuss the matter officially.
-The top Trump token, Ethereum-based MAGA, is down 84% from its June high of $17.80, according to CoinGecko, but continues to be actively traded.
MAGA fell after the launch of Trump’s official token, falling from $3.50 to $1.44 over the weekend, with its market cap dropping from $158 million to $64 million. The token slowly recovered after the initial drop, likely due to widespread interest in Trump-themed tokens on the eve of the inauguration.
TRUMP’s Letokenomics has been criticized by many netizens, who pointed out that 80% of the token supply is controlled by wallets owned by CIC Digital.
CIC Digital LLC is the Trump Organization affiliate that is launching Trump non-fungible tokens (NFTs) in 2023. Data from OpenSea shows that there is a second wave of interest in these NFTs with over 2,800 sales over the in the last 24 hours worth over 765 ETH ($2.5 million).
Related News :