Trump news: Bithumb, South Korea’s second-largest cryptocurrency exchange, has announced the official listing of the TRUMP token on its platform. This development has raised anticipation among traders as the token navigates through a period of heightened volatility.
Deposits and withdrawals began within an hour of the announcement, and trading is scheduled to commence at 7:00 PM local time on Tuesday, January 21, 2025.
Bithumb, South Korea's second largest exchange, announced the launch of TRUMP. Deposits and withdrawals start within 1 hour from the date of the announcement; trading starts at 07:00 pm local time on Tuesday, January 21, 2025. https://t.co/qHMmMdIp9y
— Wu Blockchain (@WuBlockchain) January 21, 2025
Trump News: Details of Token Launch on Bithumb
Bithumb currently allows TRUMP trading on their KRW market using Solana blockchain technology. The exchange has stated that they only accept KRW deposits on the Solana blockchain for now.
Acquiring TRUMP tokens requires 20 blockchain verifications, with the purchase price fixed at 53,350 won. Its listing on South Korea’s leading trading platform is expected to enhance market stability amid the current downturn.
TRUMP Token Faces Bearish Pressure
The TRUMP token shows negative market movement even though its exchange listing brings positive news. Traders paid $37.30 for a TRUMP token and experienced a sharp 32.46% price drop within the last day.
Market valuation fell by 29.89% to reach a new low of $7.46 billion as trading activities decreased substantially. Over the past day the token shows lower trading activity which matches the drop in value as investors take a step back due to instability in pricing.
– Advertisement –
The TRUMP token has repeatedly attempted to break through the $35 support level, showing its significance as a strong price benchmark. The current heavy selling activity puts downward pressure on the token’s value. Breaches of the $35 mark might push prices down to supporting levels below $30.
The $40 pricing level acts as a common stop point but buyers face stricter challenges between $45 and $50. The TRUMP token’s unsuccessful previous attempts to maintain price stability at these support zones suggest it will find it hard to recover.
Crypto Analyst Backs TRUMP Token as Trump News Makes Market Rally
Popular crypto analyst Crypto Beast shared his insights about the TRUMP token because of his successful history in finding top-performing assets. On social media he brought attention to his initial TRUMP prediction when the token was worth $0.69 and it made numerous investors rich.
I called $TRUMP publicly at $0.69 and some people made millions with it
I did the same with $PNUT when i called at $0.025 in november.. before it did a 80x
Numbers don’t lie
Quality > quantity
I’ll share a new 100x soon
Many people will regret not following me earlier
— Crypto Beast (@cryptobeastreal) January 21, 2025
The analyst Crypto Beast shared his past success where $PNUT showed an 80x return after he spotted it at $0.025 in November. He chooses to give meaningful token suggestions rather than make quick predictions. The analyst suggested his followers monitor for his next token selection which he described as promising a 100x return.
What’s Next for TRUMP?
Bithumb’s addition of TRUMP token will help more traders join the platform while making it easier to buy and sell. Traders should monitor the TRUMP coin support at $35 and look for signs of breaking out past $40 due to ongoing market instability.
Market participants will watch TRUMP’s response to the new trading on Bithumb to see if it stabilizes or leads to more price drops. Amid all of this, trump news as headlines show suppprt for cryptos can further the narrative for these memes.
Source: https://www.thecoinrepublic.com/2025/01/22/trump-news-can-trump-thrive-amid-support-from-this-crypto-exchange/