TRUMP Token Coming to Coinbase and Binance After Impressive Debut
Date: 2025-01-20 Author: Oliver Abernathy Categories: CRYPTO PAYMENTS
TRUMP, the official memcoin of Donald Trump, will become available for trading on major crypto exchanges like Coinbase and Binance. This was announced by representatives of the companies, noting the growing interest in this digital asset.
Coinbase announced on its Coinbase Assets X account that it plans to add the token to the list of available assets. However, the exact date of the listing has not yet been announced.
Binance said that it will begin trading the TRUMP token on the morning of January 19. It is already available on centralized platforms like Bitget, KuCoin, and Kraken, according to CoinGecko.
On the blockchain, the token has been performing well, with a market cap of over $7.6 billion and a trading volume of $15 billion.
Despite TRUMP’s successful launch, the first token associated with Donald Trump has faced significant challenges in its listing efforts. MAGA, a political token built on Ethereum, was rejected by exchanges such as ByBit and OKX due to concerns that the project was too political. Kraken also rejected the MAGA team’s application and declined to comment on its decision.
The price of the MAGA token has declined significantly since its peak last June, falling 84% from $17.80 to $1.44 over the weekend after TRUMP’s listing. The token’s market cap has fallen from $158 million to $64 million. However, interest in the token remains high as the presidential inauguration approaches.
TRUMP's tokenomics are drawing criticism online, as 80% of its supply is controlled by wallets owned by CIC Digital.
CIC Digital LLC, which is affiliated with the Trump Organization, has already released a series of Trump-related NFTs in 2023. According to OpenSea data, interest in these NFTs has increased again, with over 2,800 sales totaling 765 ETH ($2.5 million) in the last 24 hours.
