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The $TRUMP memecoin officially launched on Jan. 17, 2025, with listings on prominent crypto exchanges Coinbase, Binance, and Robinhood, marking a significant development in the memecoin market.
This triple listing is expected to enhance the coin's exposure, liquidity, and credibility among investors.
On Jan. 19, Binance announced that trading for $TRUMP would commence at 8:30 a.m. UTC, introducing two trading pairs: TRUMP/USDC and TRUMP/USDT. Users were permitted to deposit $TRUMP in preparation for trading, with withdrawals set to open on Jan. 20 at the same time.
The listing fee for $TRUMP was established at 0 BNB. The coin operates on the Solana blockchain, with an official smart contract address provided.
Coinbase, integrating the memecoin with Solana’s blockchain, aims to facilitate faster transaction speeds and lower fees. However, users have reported ongoing withdrawal delays on the platform, with transactions taking up to two hours for confirmation.
These delays have not yet impacted $TRUMP’s trading availability, however they may affect user experience.
Following Robinhood's announcement of the $TRUMP listing, the memecoin experienced a notable price surge, reaching over $60 shortly after the launch. The price increased from approximately $45 to $61 within two hours, leading to a market capitalization of $12.1 billion. The fully diluted valuation of $TRUMP is reported to be around $60 billion.
The addition of $TRUMP to these major trading platforms is anticipated to attract both seasoned and new investors.
However, as trading activities commence on these exchanges, market participants are reminded of the inherent volatility associated with cryptocurrencies.