Donald Trump's TRUMP meme coin was recently listed on the Robinhood trading platform, leading to a significant price surge.
Listing on Robinhood
TRUMP, a meme coin created in honor of Donald Trump, is now available on Robinhood. This announcement was made on the social network X, formerly known as Twitter. Following this news, the token's price increased by 54.29% over the past 24 hours. Robinhood, a leading platform for stock and crypto trading, confirmed this development.
TRUMP and MELANIA's Growth
Alongside TRUMP, the MELANIA token also saw a rise, increasing by 56.46% over the same period. Currently, TRUMP is ranked as the 18th largest digital asset with a market capitalization of $11.76 billion, according to CoinMarketCap data. The token's price has reached $58.83.
Crypto Market Reaction
Some cryptocurrency market participants expressed mixed reactions to the meme coin's launch. Donald Trump has been termed 'greedy' for introducing these tokens. Nonetheless, TRUMP ranks fourth in 24-hour trading volume with $52 billion, following USDT, Bitcoin, and Ethereum.
Donald Trump's new meme coin has significantly increased activity in the cryptocurrency market and raised questions about the influence of public figures in the digital economy.
