The TRUMP token, now recognized as the official meme coin of the 47th President of the United States Donald Trump, has become the talk of the town with its eye-popping market launch.
Since late Friday, January 17, TRUMP has spiked over 11x, surpassed $14 billion in market capitalization, and secured a spot in CoinMarketCap’s top 20, overtaking established altcoins like Polkadot and Litecoin . At the time of writing, TRUMP's total trading volume is approaching $21 billion, as reported by CoinMarketCap.
token, one of the first Political Finance tokens, experienced challenges in gaining traction on top exchanges. ByBit and OKX declined to list it, citing concerns about its politically charged nature, while Kraken did not respond to listing requests. token prices have suffered, with its market cap plummeting from $158 million to $64 million over the weekend. After the launch of the official TRUMP token,
’s price dropped sharply from $3.50 to $1.44. Still, the token has seen some recovery, climbing to $2.94, fueled by renewed interest in Trump-themed assets as the inauguration approaches. With the official TRUMP token now supported by leading exchanges, it remains to be seen how the market will respond as the inauguration nears and PolitiFi tokens gain further attention.
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