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 Jan 18, 2025    |    7 months ago

Trump’s Digital Token Surges With Market Listings Amid Growing Crypto Influence

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Akinyemi Amoo Okedeji

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The cryptocurrency world has witnessed a significant surge as the Official Trump Token (TRUMP) gains traction following its recent launch.

 

Amid increasing interest in Web3 projects, several major cryptocurrency exchanges, including Crypto.com and Bybit, have announced listings of the TRUMP token, with perpetual trading set to start this week.

 

Trump Token Listed on Leading Exchanges

 

Several centralized exchanges (CEXs) are adding the Trump token, with Bybit and Crypto.com among the first to announce their support. This development comes just days after the token's launch on January 17, 2025.

 

Bybit confirmed it would begin trading the TRUMP/USDT pair with a pre-market auction, beginning January 18 at 9:35 a.m. UTC.

 

Additionally, Crypto.com users now have the option to purchase the token using over 20 fiat currencies, including USD and EUR.

 

TRUMP Token Price Spikes 178% Amid Listing

 

As the token begins circulating on exchanges, the market has reacted positively. According to recent data, TRUMP has witnessed a dramatic surge in value, trading between $18 and $22, marking a 178% increase in just 24 hours.

 

This rapid growth signals strong demand for the Solana-based memecoin, which has captured the attention of both crypto enthusiasts and market speculators.

 

Limited Initial Supply with Long-Term Vision

 

The total supply of the Trump token is capped at 1 billion, with only 200 million tokens available initially for trading.

 

A significant portion of this supply is controlled by entities linked to The Trump Organization, including CIC Digital LLC and Fight Fight Fight LLC, which hold 80% of the initial tokens.

 

Over the next three years, these entities plan to release additional tokens, gradually increasing the circulating supply toward the token’s full cap.

 

Trump’s Growing Crypto Influence and Support for Web3

 

While the project has sparked controversy due to its timing—launching just days before Trump takes office—its connections to the Trump Organization and family are clear.

 

Donald Trump has expressed interest in cryptocurrency since mid-2024, positioning digital currencies as a symbol of freedom.

 

His son, Eric Trump, also spoke at a Bitcoin conference in December 2024, pledging that a Trump administration would push for more crypto innovation, emphasizing minimal regulation and fostering an open market for digital assets.

 

As the token finds its place in the market, the Trump administration’s stance on cryptocurrency remains a critical focus for investors and enthusiasts alike, signaling a potential shift in US crypto policy in the coming years.  

 


 

DISCLAIMER

On-Chain Media articles are for educational purposes only. We strive to provide accurate and timely information. This information should not be construed as financial advice or an endorsement of any particular cryptocurrency, project, or service. The cryptocurrency market is highly volatile and unpredictable.Before making any investment decisions, you are strongly encouraged to conduct your own independent research and due diligence

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