TRUMP Token Sees Massive Surge Following Launch, Reaches 28th Place on CoinMarketCap

In a remarkable turn of events, the TRUMP token, launched by former US President Donald Trump, has witnessed a significant surge in its price, jumping to $33 from its initial price of $0.18 in less than 24 hours. The token’s price has since cooled off to $27.27, still representing an impressive 320% increase.

Early buyers of the TRUMP token have experienced substantial gains, with some investors turning less than $1,000 into over $300,000 in a matter of minutes. The token’s impressive performance has propelled it to 28th place on CoinMarketCap.

TRUMP Token Expands Across Multiple Exchanges

The TRUMP token has been listed on over 10 exchanges, including major custodial platforms such as Bybit and BingX, as well as non-custodial ones like ChangeNOW. The token’s market cap is approaching $6 billion, with its trading volume surpassing $9.6 billion. More exchanges are expected to list the token in the coming days.

Pauline Shangett, CMO at ChangeNOW, expressed her excitement about listing the TRUMP token, stating:

“We’re excited to be one of the first exchanges to list TRUMP. At ChangeNOW, we’re all about making trending and exciting assets easily accessible, and TRUMP is no exception. Users can now swap it for crypto or buy it with fiat directly on our platform.”

ChangeNOW supports over 1,200 cryptocurrencies and 500,000 exchange pairs, including TRUMP/USDT, TRUMP/USDC, and TRUMP/SOL, among others. The platform offers fast swaps, averaging five minutes, and fiat purchases in over 60 currencies, including EUR and USD, with payment options like Visa and MasterCard.

TRUMP Token Structure and Ownership

The TRUMP token has a total supply of 1 billion, with 200 million released initially and the rest to be distributed over the next three years. Approximately 80% of the tokens are owned by CIC Digital LLC, a Trump Organization subsidiary, and Fight Fight Fight LLC, a newly founded company in Delaware.

TRUMP Coin Extends the 2024 Meme Coin Trend

The launch of the TRUMP token appears to be extending the 2024 meme coin trend, which has seen a massive 2,000% overall growth. As the TRUMP token soars, it’s also driving the Solana blockchain to new heights. Meanwhile, other leading meme coins like Dogecoin are experiencing declines, with DOGE dropping 8% since yesterday.

Trump’s Crypto Stance

Donald Trump’s pro-crypto stance during his first term has provided a backdrop for the launch of the $TRUMP token. Supporters view it as an extension of his interest in digital assets, potentially signaling continued focus on cryptocurrency when he returns to office.

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