The official memecoin of the president-elect of the United States, Donald Trump, whose name and ticker It’s TRUMP, he has surprised the market.
A little more than 24 hours after its launch, it became among the 15 most valuable cryptocurrencies and tokens in the world.
TRUMP reached an all-time high in price above $75. Given the euphoria unleashed in its market, many investors may be wondering where to buy it.
After its launch on January 17 on the Solana network, TRUMP was listed on the largest exchange on the planet, Binance on the 19th.
In addition to Binance, TRUMP is also available on other major centralized exchanges such as: Bybit, OKX, Bitget, Kraken, KuCoinHTX, Crypto.com, among 40 others.
In the case of decentralized exchanges (DEX), TRUMP is available on RaydiumSolana’s most important exchange in the TRUMP/SOL, TRUMP/USDC pairs, among others.
Also available on Meteora VDanother imports DEX from Solana, in pairs similar to Raydium.
In just one day of launch, TRUMP’s growth is more than 1,000%. The launch was made official during the “Crypto Ball” celebrated by ecosystem entrepreneurs of cryptocurrencies this January 18, on the occasion of Trump’s inauguration as president of the United States.
It should be remembered that this It would not be the first allegorical memecoin to Trump. During the presidential elections, two memecoins, Donald Trump and Kamala Harris, represented their own electoral contest, in a price race, as reported by CriptoNoticias. But these were not “official” memecoins. That is, they did not have the “blessing” of the president-elect and were only tokens created by someone who named them after the politician.
And Trump’s closeness to cryptocurrencies has been quite significant in this new mandate. Ensuring clear regulations and change in prosecution policies, Trump’s new mandate has high expectations for the entire ecosystem.
Despite the price increase, it is worth remembering that it is a memecoin that is not backed by anything, beyond the support of Donald Trump. Its possession does not represent any benefitor at least Trump has not reported anything else about it, so its profitability is merely speculative.
