The official memecoin of the 47th U.S. president will be listed on most major crypto exchanges, even though the MAGA fan token faced trouble getting listed.
The official memecoin of the 47th United States president will be listed on most major crypto exchanges, even though the fan token faced trouble getting listed. Major crypto exchanges including Coinbase and Binance plan to list the official TRUMP memecoin token.
MAGA, the Political Finance fan token, had trouble getting listed on major exchanges with some saying it was "too political". The ‘official’ memecoin of the second Donald Trump administration will be listed on major cryptocurrency exchanges including Coinbase and Binance, according to announcements from the companies. Coinbase posted on Sunday that it plans to list the TRUMP token. The announcement came via its Coinbase Assets X account, which provides information on new assets, however the exchange did not provide a concrete timeline for listing.it plans to open trading for the TRUMP token on the the morning of Jan. 19. The token is already trading on many other centralized exchanges, such as Bitget, KuCoin and Kraken according to CoinGecko. On-chain data shows that the token has a market cap of just over $7.6 billion, and trading volume of approximately $15 billion. While many of the largest crypto exchanges have eagerly embraced Trump’s official memecoin, the first Trump-themed token, one of the original Political Finance tokens, had trouble getting listed on exchanges.earlier this year, ByBit and OKX rejected the team’s application to list the token given concerns about the project being too political. Kraken did not respond to their application to list, and would not discuss the matter on the record. MAGA dumped hard after the launch of the officialTrump token, falling from $3.50 to $1.44 over the weekend with its market cap declining from $158 million to $64 million. The token has slowly recovered after the initial fall likely due to general interest in Trump-themed tokens on the eve of the inauguration.have been criticized by many online, who have pointed out that 80% of the token supply is controlled by wallets owned by CIC Digital.The Donald Trump Revocable Trust owns 100% of CIC Digital, which has been allocated 80% of the supply of the new memecoin launched byshows that there’s a second wave of interest in these NFTs with over 2,800 sales in the last 24 hours worth over 765 ETH .Sam Reynolds is a senior reporter based in Asia. Sam was part of the CoinDesk team that won the 2023 Gerald Loeb award in the breaking news category for coverage of FTX's collapse. Prior to CoinDesk, he was a reporter with Blockworks and a semiconductor analyst with IDC.
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