- Robinhood's itemizing on $TRUMP fueled its speedy rise in worth to over $60.
- World Liberty Monetary's token sale elevated, assembly sturdy market demand.
- $TRUMP worth volatility peaked at $70 earlier than pulling again to $59.20.
Newly launched memecoin Official Trump ($TRUMP) surged previous the $60 mark earlier than settling at $59.19, reflecting a 26.67% improve over the previous 24 hours. The rise follows Robinhood's announcement so as to add $TRUMP to its cryptocurrency listings.
Robinhood confirmed the addition of $TRUMP through a put up on X (previously Twitter), simply days after US President-elect Donald Trump launched the coin.
The announcement spurred elevated buying and selling exercise and drove memecoin visibility and market demand.
Even earlier than the launch of Robinhood, $TRUMP was gaining traction, however this information has strengthened its presence available in the market. Traders are benefiting from her rising reputation and affiliation with the Trump model.
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Melania Trump $MELANIA joins the scene
As $TRUMP features public consideration, Melania Trump's memecoin, $MELANIA, has additionally joined the crypto area. A number of main exchanges, together with Gate.io, Bitget, BingX and MEXC, have listed $MELANIA, highlighting the sturdy market curiosity in each tokens.
As well as, DeFi undertaking World Liberty Monetary (WLF), carefully related to the Trump identify, has seen sturdy gross sales of governance tokens. As of January 18, 2025, WLF has bought 20% of its 100 billion token provide and opened one other 5% to fulfill rising demand.
TRUMP Token Market Dynamics
On the time of writing, $TRUMP's market cap is $11.83 billion, with its 24-hour buying and selling quantity up 355.56% to $52.54 billion.
The worth chart of the token reveals sharp upward actions, peaking at $70 earlier than stabilizing at $59.20 round 8:00 AM on January 20, 2025.
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