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February 6, 2025
trump

trump

Trump’s Official Memecoin Set to Make Waves on Major Cryptocurrency Exchanges

In a move that’s generating significant buzz in the cryptocurrency space, the official memecoin of the second Donald Trump administration is set to be listed on major exchanges, including Coinbase and Binance. This development is expected to further fuel the growing interest in Trump-themed tokens, which have been making headlines in recent months.

Coinbase and Binance Announce Listings

According to announcements from the companies, Coinbase plans to list the TRUMP token, although a concrete timeline for the listing has not been provided. Binance, on the other hand, has confirmed that it will open trading for the TRUMP token on January 19. The token is already trading on several other centralized exchanges, including Bitget, KuCoin, and Kraken, with a market capitalization of over $7.6 billion and a trading volume of approximately $15 billion.

A New Era for Trump-Themed Tokens

The listing of the official Trump memecoin on major exchanges marks a significant milestone for the cryptocurrency space. While the first Trump-themed token, MAGA, had trouble getting listed on exchanges due to concerns about its political nature, the official TRUMP token has been eagerly embraced by many of the largest crypto exchanges.

MAGA Token Takes a Hit

The launch of the official TRUMP token has had a significant impact on the first Trump-themed token, MAGA. According to CoinGecko, MAGA has fallen by 84% from its June high of $17.80 and has a market capitalization of just $64 million. However, the token continues to be actively traded, and its value has slowly recovered in recent days, likely due to the growing interest in Trump-themed tokens.

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Tokenomics Under Scrutiny

The tokenomics of the TRUMP token have been criticized by many online, with some pointing out that 80% of the token supply is controlled by wallets owned by CIC Digital, a Trump Organization-affiliated firm. This has raised concerns about the centralization of the token and its potential for manipulation.

A Second Wave of Interest in Trump NFTs

In related news, there’s been a second wave of interest in Trump Non-Fungible Tokens (NFTs), with over 2,800 sales in the last 24 hours worth over 765 ETH ($3,262.82). This surge in interest is likely driven by the growing excitement around Trump-themed tokens and the upcoming inauguration.

As the cryptocurrency space continues to evolve, it will be interesting to see how the official Trump memecoin performs on major exchanges. Will it continue to generate buzz and attract new investors, or will it fade into obscurity? Only time will tell.

Source: Bitrss.com

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