- Donald Trump's official meme coin, TRUMP, is now listed on Robinhood.
- Over the previous 24 hours, TRUMP is up 54.29% whereas MELANIA is up 56.46%.
- Trump was known as “grasping” by crypto market contributors over the meme coin launch.
President-elect Donald Trump launched a brand new OFFICIAL TRUMP (TRUMP) token simply earlier than his inaugural day. The token, now ranked 18th digital asset with a market capitalization of $11.76 billion, is priced at $58.83 in keeping with knowledge from CoinMarketCap.
Whereas the broader crypto market stays in a consolidation part, the TRUMP token surged 54.29% within the final 24 hours after itemizing on Robinhood, a serious inventory and crypto buying and selling platform. Robinhood confirmed the itemizing in a submit on X (previously Twitter).
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TRUMP Token Ranks Amongst Highest Buying and selling Volumes
With a 24-hour buying and selling quantity of $52 billion, TRUMP ranks fourth, after USDT, Bitcoin and Ethereum. The token is now out there on main crypto exchanges together with Binance, Kraken, OKX, Bybit, and Robinhood. Notably, it hit an all-time excessive of $75.35 about 19 hours in the past, however has since fallen 23.45% from its peak.
Shortly after the launch of the TRUMP token, Melania Trump, the long run First Girl, introduced her personal memecoin; $MELANIE. Launched on January 19, $MELANIA rose 56.46% in 24 hours, buying and selling at $11.48 however down 16.54% from its all-time excessive of $13.19 recorded a 12 months in the past. 4 p.m.
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Criticism of Trump's Again-to-Again Token Launches
Regardless of the success of the tokens, Trump faces backlash from crypto market contributors who accuse him of greed. The discharge of MELANIA reportedly induced a drop within the value of TRUMP, with Delphi Labs co-founder José Maria Macedo attributing this to inside profit-taking.
Monetary analyst Michael A. Gayed criticized the launch of two tokens, suggesting they broken Trump's credibility forward of his inauguration.
Equally, Jim Bianco of Bianco Analysis famous that the “resounding success” of the TRUMP token could have pushed Trump and Melania to additional capitalize on the hype by launching $MELANIA, a transfer that smacks of haste.
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