The price of Official Trump (TRUMP), the newly launched memecoin of US President-elect Donald Trump, has surpassed $60 after Robinhood announced that the token is now tradable on its platform.
Trump’s Memecoin Soars Above $60 After Robinhood Listing Announcement
The announcement early Monday morning sparked a significant rally, with TRUMP’s price climbing from around $45 to $61 within hours. The token currently has a market cap of $12.1 billion and a fully diluted valuation (FDV) of $60 billion.
In parallel, several major exchanges, including Gate.io, Bitget, BingX, and MEXC, listed the memecoin MELANIA, which was launched by Melania Trump shortly after her husband introduced TRUMP.
- MELANIA Market Performance: According to DEXscreener, the token reached a market cap of $1.69 billion with FDV of $11.3 billion.
World Liberty Financial Sees Demand Surge
World Liberty Financial, a decentralized finance (DeFi) project associated with the Trumps, has also seen increased activity. On Sunday, the project reported selling 20% of its 100 billion governance token supply and added another 5% to meet high demand.
Trump memecoins have gained significant buzz around the time of Donald Trump’s inauguration on Monday. Robinhood’s listing and widespread interest highlight the growing intersection of politics and cryptocurrency markets as traders and investors rally behind these tokens.
What’s Next?
As TRUMP and MELANIA tokens gain traction, attention will be on how they will perform in the volatile crypto market and whether their popularity will translate into sustainable value.
*This is not investment advice.
Source: https://en.bitcoinsistemi.com/us-president-donald-trumps-official-trump-trump-memecoin-released-on-the-market-has-been-listed-on-another-exchange-here-are-the-details/