TRUMP Token Rockets Past $10 Billion Market Cap Within 24 Hours: Listed on Major Exchanges for Instant Swaps
Donald Trump’s foray into the cryptocurrency world has shaken the market, with his newly launched memecoin, TRUMP, skyrocketing to a market cap of over $10 billion in less than a day. The token’s meteoric rise has captivated investors and drawn global attention, further solidifying Trump’s bold influence across industries.
From Pennies to Millions: TRUMP Token’s Explosive Growth
Launched at an initial price of $0.18, the TRUMP token surged to an all-time high of $33 before stabilizing at $27.27, marking a staggering 320% increase in value. Early adopters saw unparalleled returns, with some turning investments of less than $1,000 into over $300,000 in mere minutes. The token’s rapid ascent also catapulted it to 28th place on CoinMarketCap, solidifying its position among top digital assets.
Broad Exchange Listings Fuel TRUMP’s Momentum
The token’s adoption has been bolstered by its listing on over 10 major exchanges, including custodial platforms like Bybit and BingX and non-custodial platforms such as ChangeNOW, which announced the listing on social media.
“We’re excited to be one of the first exchanges to list TRUMP. At ChangeNOW, we aim to make trending and exciting assets easily accessible, and TRUMP is no exception,” said Pauline Shangett, CMO of ChangeNOW.
The platform supports over 1,200 cryptocurrencies and offers 500,000 exchange pairs, enabling TRUMP holders to swap their tokens in just five minutes or purchase them with fiat currencies like USD and EUR through payment methods such as Visa and MasterCard.
Ownership and Supply: A Closer Look
The TRUMP token has a total supply of 1 billion coins, with 200 million released initially and the remainder set to roll out over the next three years. Approximately 80% of the tokens are controlled by CIC Digital LLC, a Trump Organization subsidiary, and Fight Fight Fight LLC, a Delaware-based entity, raising questions about ownership concentration and its implications for the token’s long-term trajectory.
2024’s Meme Coin Mania Continues
The TRUMP token extends the meme coin craze of 2024, a year marked by an extraordinary 2,000% growth in the meme coin market. TRUMP’s debut has also energized Solana, the blockchain on which it was launched, while rival coins like Dogecoin and Shiba Inu have suffered declines. Dogecoin (DOGE) dropped 8%, Shiba Inu (SHIB) fell 6%, and Pepe (PEPE) decreased 5%, underscoring TRUMP’s dominance in the meme coin arena.
Trump’s Pro-Crypto Stance Drives Momentum
Donald Trump’s pro-cryptocurrency policies during his first presidential term laid the groundwork for his latest venture. Supporters view the TRUMP token as an extension of his interest in digital assets, potentially signaling a broader embrace of cryptocurrency in his administration.
A Token That’s Making History
With its bold entry into the cryptocurrency market, TRUMP has redefined the potential of meme coins. Whether it will maintain its trajectory or fade into the volatile crypto landscape remains to be seen.
Disclaimer: This article is for educational purposes only and does not constitute investment advice. Always conduct thorough research before making financial decisions.
