- Donald Trump’s official meme coin TRUMP is presently listed on Robinhood.
- Up to now 24 hours, Trump has jumped 54.29% and Melania has surged 56.46%.
- President Trump was referred to as “grasping” by cryptocurrency market members over the issuance of meme cash.
President-elect Donald Trump launched a brand new meme coin, the OFFICIAL TRUMP (TRUMP) token, simply earlier than his inauguration. The token presently ranks because the 18th largest digital asset with a market capitalization of $11.76 billion and a worth of $58.83, in keeping with CoinMarketCap information.
Whereas the broader crypto market continues to be in a consolidation section, the TRUMP token has soared 54.29% prior to now 24 hours following its itemizing on Robinhood, a number one inventory and crypto buying and selling platform. Robinhood confirmed the itemizing in a submit on X (previously Twitter).
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TRUMP token buying and selling quantity ranks excessive
With a 24-hour buying and selling quantity of $52 billion, TRUMP ranks 4th behind USDT, Bitcoin, and Ethereum. The token is presently accessible on main cryptocurrency exchanges equivalent to Binance, Kraken, OKX, Bybit, and Robinhood. Notably, the inventory hit an all-time excessive of $75.35 about 19 hours in the past, however has since fallen 23.45% from its excessive.
Shortly after the debut of the TRUMP token, soon-to-be first girl Melania Trump introduced her personal meme coin. $Melania. Launched on January nineteenth, $MELANIA rose 56.46% inside 24 hours to commerce at $11.48, however was down 16.54% from its all-time excessive of $13.19 hit 16 hours earlier.
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Criticism of President Trump’s successive token issuances
Regardless of the token’s success, Trump faces pushback from crypto market members. grasping. Melania’s launch is alleged to have brought about the worth of Trump to fall, and Delphi Lab co-founder Jose María Macedo believes this was as a result of insider profit-taking.
Monetary analyst Michael A. Gade criticized the twin token launch, suggesting it damage Trump’s credibility forward of the inauguration.
Equally, Jim Bianco of Bianco Analysis identified that the “large success” of the TRUMP token could have led President Trump and First Woman Melania Trump to capitalize on the hype by launching $MELANIA. , a transfer that seemed like haste.
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