Binance, Coinbase Official TRUMP memecoin Listing, Whales React

It is now the second day of hype around the Official TRUMP memecoin and this have gotten even more heated.

Its price action has since rallied as more liquidity made its way into this memecoin.

For context, the Official TRUMP meme was launched 2 days ago and has since then been the talk of the town.

It crossed the $1 billion mark in record time and has since then been pushing higher.

TRUMP’s marketcap peaked at $14.12 billion on Sunday morning courtesy of heavy liquidity injection.

As a consequence, it has become the fastest growing digital asset so far. This was also the case as far as exchange listings are concerned.

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Binance and Coinbase have reportedly joined the hype train, also in record time. The two major exchanges have confirmed that they will be listing the memecoin.

TRUMP Major Exchange Listings Triggers Impressive New Milestones

The rate of growth has been quite impressive for this new memecoin has been impressive. For context, its marketcap soared to $14.14 at press time, after a 220.39% rally in the last 24 hours.

TRUMP exchanged hands at $71.37 at press time, courtesy of a 228.06% upside in the same 24-hour period. But how did this happen? The memecoin achieved its initial rally while it was yet to be listed on major exchanges.

Now, the prospects of more liquidity inflows have added fuel to the fire following the listing announcements from Coinbase and Binance.

In addition, the strong liquidity flows aided the TRUMP memecoin to become the first to surpass Shiba Inu.

The new addition to the market now sits comfortably as the second largest memecoin by marketcap. The Trump memecoin also seems to have taken the market by storm.

While it has performed quite well, the other top memecoins in the top 5 all experienced significant liquidity outflows, coupled by significant downside. Could TRUMP encounter a similar situation soon?

Whales Cash Out Taking Advantage of Incoming Flows as Exit Liquidity

Recent reports also revealed that whales that bought in early into the memecoin have started taking profits.

For example, a wallet linked to the President Trump team reportedly sold 1.25 million TRUMP memecoins to the OKX exchanges. The sale was reportedly worth roughly $42.88 million.

This is one of the numerous reports involving large TRUMP coin sales worth millions observed in the last 24 hours.

These observations confirmed that some of the whales that bought during Saturday lows have started taking profits off the table.

Can the Official TRUMP memecoin still continue on its current trajectory? This is quite possible especially as more liquidity flows in.

However, the initial wave of demand may also snap back once the rush to secure profits kicks off.

Sustained demand could potentially push TRUMP as high as $100 in the near term.

On the other hand, a sizable pullback could be on the cards considering just how fast it rallied in the first two days.