What You Need to Know:
- Leading cryptocurrency exchanges, Coinbase and Binance, are set to feature the official TRUMP memecoin.
- The previous Trump-themed token, MAGA, faced challenges being listed due to its political nature.
The official memecoin for the upcoming Trump administration will be available on major cryptocurrency platforms including Coinbase and Binance. An announcement from Coinbase indicated plans to list the TRUMP token, although a specific timeline was not disclosed.
Coinbase Assets reported:
Assets added to the roadmap today: Official Trump (TRUMP) Source
Additionally, Binance announced trading would commence on January 19. The TRUMP token is already available on several other exchanges such as Bitget, KuCoin, and Kraken. According to on-chain data, it boasts a market capitalization exceeding $7.6 billion with trading volumes around $15 billion.
Despite the significant support for Trump's official memecoin, the original Political Finance (PoliFi) token encountered hurdles in getting listed, with exchanges citing political concerns as a reason for rejection. Earlier this year, various platforms including ByBit and OKX declined to list the MAGA token, which has seen a dramatic drop of 84% since its peak.
Furthermore, the tokenomics of the TRUMP token are under scrutiny, with many critics claiming that 80% of its supply is held by wallets connected to CIC Digital, a firm tied to the Trump Organization that was involved in NFT initiatives as well. These developments add to the growing interest in Trump-themed tokens ahead of the new administration's activities.
