The Official Trump Coin ($TRUMP), a memecoin backed by U.S. president-elect Donald Trump, has seen an explosive surge, jumping over 110% within 24 hours. In a further boost to its credibility, the coin has been listed on major exchanges Binance and CoinSwitch, igniting widespread excitement and speculation about its future in the crypto market.
Since its listing on January 19, 2025, the Trump token has gained significant traction, with trading pairs $TRUMP/USDC and $TRUMP/USDT now available on Binance. This surge has led to rumors that it could soon be listed on Coinbase, one of the world’s largest cryptocurrency exchanges.
Within less than 48 hours, $TRUMP has rocketed into the upper echelons of meme coins, surpassing long-standing favorites like $PEPE, $SHIB, and $DOGE. The token has reached an impressive market capitalization of $14 billion and recorded a staggering 24-hour trading volume of $20.92 billion, an extraordinary feat in the realm of memecoins. On January 19 alone, $TRUMP saw a remarkable 224.83% increase, peaking at $70.02.
Binance’s Cautionary Warning
Despite the token’s meteoric rise, Binance has issued a warning about the risks associated with trading $TRUMP, advising users of its high volatility. As an early-stage asset, $TRUMP is subject to significant price fluctuations. While Binance has recognized the token’s innovation and novelty, they have opted not to charge listing fees. However, the exchange has emphasized that $TRUMP comes with a “Seed Tag,” labeling it as an “extremely high-risk” virtual asset.
To further mitigate risk, Binance requires users to complete a quiz every 90 days to ensure they are aware of the risks involved in trading such volatile assets.
Growing Popularity and Continued Speculation
The growing excitement around $TRUMP is fueled not only by its listing on major exchanges but also by speculation that it may soon appear on Coinbase. This potential listing, combined with the token’s skyrocketing market cap and its increasing appeal within the crypto community, has propelled $TRUMP into the spotlight.
For traders eager to capitalize on the coin’s volatile price swings, Binance has introduced new trading options, including Spot Algo Orders, trading bots, and Spot Copy Trading, which are being phased in over the next 24 hours. As the price of $TRUMP continues to fluctuate dramatically, these tools provide traders with more flexibility to navigate the coin’s unpredictable movements.
As $TRUMP’s popularity grows, the big question remains: Will it maintain its position on major exchanges, or will its volatility ultimately limit its staying power in the long term? Only time will tell as the memecoin’s journey unfolds.
Related topics:
XRP Spot ETF Could Secure $8 Billion in Investment, JPMorgan Forecasts
Wolf Capital Founder Admits to $9M Fraud Scheme, Faces Prison Sentence
Singapore Clamps Down on Polymarket Amid Strict Gambling Laws
