The cryptocurrency market has been abuzz with the recent surge of the newly launched Official Trump ($TRUMP) memecoin. In the past 24 hours, $TRUMP has seen a significant price increase, crossing the $60 mark before settling at $59.19, marking a 26.67% surge. This spike in price can be attributed to Robinhood’s listing of $TRUMP on its platform, which has garnered increased trading activity and market demand.
Robinhood’s announcement of adding $TRUMP to its cryptocurrency listings came shortly after the coin’s launch by U.S. President-elect Donald Trump. This move has further boosted the visibility of $TRUMP in the market, attracting investors who are capitalizing on its growing popularity and association with the Trump brand.
But $TRUMP is not the only memecoin making waves in the crypto space. Melania Trump’s memecoin, $MELANIA, has also entered the scene and is gaining traction. Leading exchanges such as Gate.io, Bitget, BingX, and MEXC have listed $MELANIA, indicating strong market interest in both tokens.
In addition to the memecoin frenzy, the DeFi project World Liberty Financial (WLF), which is closely tied to the Trump name, has experienced a surge in governance token sales. As of January 18, 2025, WLF has sold 20% of its 100 billion token supply and has opened up another 5% to meet the rising demand from investors.
As for $TRUMP’s market dynamics, its market capitalization currently stands at $11.83 billion, with a 24-hour trading volume that has surged by 355.56% to $52.54 billion. The token’s price chart shows sharp upward movements, with the price reaching highs of $70 before stabilizing at $59.20 around 8:00 AM on January 20, 2025.
Overall, the cryptocurrency market is abuzz with excitement surrounding the Trump memecoins and the surge in token sales for World Liberty Financial. Investors are closely watching the market dynamics of $TRUMP and $MELANIA as they continue to make their mark in the crypto space.
Disclaimer: The information presented in this article is for informational and educational purposes only. It does not constitute financial advice. Readers are advised to exercise caution before making any investment decisions.