The Official Trump ($TRUMP) token, endorsed by U.S. president-elect Donald Trump, has witnessed an astonishing surge of above 110% in 24 hours and has also been launched on major exchanges such as Binance and CoinSwitch. The memecoin built on Solana has already led to a frenzy in the crypto community even as the world awaits the official swearing-in of Donald Trump in Washington DC.
Trump coin, advertised as the “official Trump meme,” gained considerable momentum after its trading pairs, TRUMP/USDC and TRUMP/USDT was listed on Binance on Jan. 19, 2025, at 08:30 UTC. The coin is already causing a stir with speculation that it could also soon be listed on Coinbase.
In less than two days, $TRUMP has ascended into the highest echelons of meme coins, surpassing heavyweights such as heavyweights like $PEPE, $SHIB, and $DOGE. The token has reached an impressive market cap of $14 billion and an astonishing 24-hour trading volume of $20.92 billion, including the asking price, it has been something to behold in the meme coin world. A clear trend occurred on January 19, when $TRUMP increased by an incredible 224.83%, climbing to a price of $70.02.
After its meteoric rise, Binance has warned users of the potential dangers of trading the TRUMP token. $TRUMP is an early-stage asset, and early-stage assets suffer from obvious volatility, and potential investors are advised to note this. Binance has appreciated the token’s novelty and innovation, hence opted not to charge for listing $TRUMP.
The $TRUMP token also comes with a “Seed Tag” indicating that its an “extremely high-risk” virtual asser. To help minimize any risks, Binance makes users take a quiz every 90 days to verify that they are aware of the risks involved before trading in such tokens.
Enthusiast traders can jump straight in on $TRUMP as Spot Algo Orders, trading bots, and Spot Copy Trading on Binance are now available, being phased in, along with other options, throughout the next 24 hours! This allows users to change their trading tactics with the coin’s price still bouncing all over the place.
This speculation, in combination with the potential Coinbase listing, is likely what has driven prices for $TRUMP so high. With the token’s market cap surging and growing popularity as a community, it will be interesting to see if it sticks around long-term on major exchanges.
Also Read: Trump Memecoin Pushes Moonshot to Top 10 on U.S. App Store
