The crypto market is abuzz with the launch of Donald Trump's memecoin, quickly capturing community attention.
Launch of TRUMP Memecoin
In a surprising turn of events, Donald Trump announced the launch of his own memecoin named OFFICIAL TRUMP (TRUMP), which sparked a lively response from the crypto community. Within hours of its listing, the coin's price skyrocketed by 7000%, reaching $23.73 from an initial price of around $0.18. Many traders reportedly made significant profits from this quick uptick.
Binance Exchange and Futures Listing
The ongoing craze around the coin has led exchanges like Bitget, MEXC, and Bybit to quickly list TRUMP. However, the most significant development was Binance's announcement regarding the launch of the TRUMPUSDT perpetual contract. The listing will be available with leverage up to 25x on January 18, 2025.
Future Growth Prospects of TRUMP
At the time of writing, TRUMP is trading at $21 with a market cap exceeding $4 billion, making it the fourth-largest memecoin after DOGE, SHIB, and PEPE. The potential listing on Binance could lead to a new price surge, but traders should be cautious given the known volatility of memecoins.
OFFICIAL TRUMP (TRUMP) has already marked itself as one of the most unusual surges in the crypto market. The Binance listing will determine whether the token will continue its success. It's important to stay cautious and keep track of developments.
