Binance will list OFFICIAL TRUMP ( $TRUMP) with Seed Tag Appliedhttps://t.co/Fz4oNQJfsS pic.twitter.com/vLoHVMCakj
— Binance (@binance) January 19, 2025
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-0.01%Reading
Donald Trump's official meme coin, TRUMP, nearly tripled in price from Saturday evening to early Sunday, blasting above $73 amid increasing momentum as major centralized exchanges shared plans to list the Solana token.
Though the price surge has since cooled and TRUMP has retraced to a current mark of about $59, it peaked at a price of $73.43 early Sunday, per data from CoinGecko. That was enough to place the coin in the top 15 cryptocurrencies by market cap, though at its current price, it ranks 21st on CoinGecko's list.
Even with that slight retreat after rising from a price under $25 on Saturday, TRUMP continues to be a staggering success, launching out of nowhere late Friday and showing early buyers with with enormous gains—all while sucking attention away from some other meme coins and giving a big boost to Solana in the process.
Talk about a Friday night surprise. President-elect Donald Trump's social media accounts shared what appears to be an official Solana meme coin called TRUMP, just three days before he's set to be sworn in for his second term in the White House. Degen traders bought in immediately, generating hundreds of millions of dollars' worth of trading volume as on-chain sleuths and security experts hunted for red flags. But with Trump's X and Truth Social posts still live after more than an hour, and some...
Dogecoin, the original meme coin and still largest by market cap, is now down 3% over the last day as its dip continues following TRUMP's launch. While still up 14% on the week thanks to earlier gains ahead of the Trump drop, it has fallen from a price above $0.43 late Friday to under $0.39 as of this writing.
And TRUMP is proving to be a serious competitor. While DOGE still has a much larger market cap based on circulating supply—$57 billion vs. nearly $12 billion—TRUMP's fully diluted value (FDV) is now larger based on the entire supply, which includes the 80% of tokens that are locked up and will gradually unlock over the next three years.
TRUMP is currently the third-largest meme coin by market cap, just behind Shiba Inu (SHIB) in the runner-up slot, while DOGE remains on top. But Trump's token could challenge Dogecoin more directly if this momentum continues.
Binance will list OFFICIAL TRUMP ( $TRUMP) with Seed Tag Appliedhttps://t.co/Fz4oNQJfsS pic.twitter.com/vLoHVMCakj
— Binance (@binance) January 19, 2025
Binance, the world's largest crypto exchange, listed TRUMP for trading early Sunday after announcing plans on Sunday, plus OKX also listed the token for trading. And Coinbase, America's top exchange, has added TRUMP to its planned listings, though recent additions to the roadmap tend to become available for spot trading very quickly.
Solana's native coin, SOL, has continued to reap the benefits of its association with TRUMP, surging to a new all-time high price mark of $293 early Sunday. It's currently priced at $269, up 11% on the day and 43% on the week.
Bitcoin sank on Thursday and Friday, continuing its decline for much of the past week as investors pivoted away from the world's most valuable cryptocurrency in favor of the most traditional safe haven asset: gold. This recent trend appeared to restore the paths that the two assets have traveled for most of 2025, with gold's gains outpacing those of BTC. "There's no denying it, gold had a great year. Especially during the tariffs—even if you're a hardcore Bitcoiner, you have to respect what gol...
Méliuz sent its shares tumbling over 8% Friday after the Brazilian fintech announced a primary share offering aimed at raising up to 450 million reais ($78.6 million) to buy more Bitcoin. The cashback and coupon company, which trades on Brazil's B3 exchange under the ticker CASH3, initially plans to offer 17 million common shares to raise 150 million reais ($26.2 million). The company even left room to expand the offering by up to 200%, potentially tripling the amount if demand materializes. The...
Public Keys is a weekly roundup from Decrypt that tracks the key publicly traded crypto companies. This week: GameStop sinks after buying a boatload of Bitcoin, BlackRock's Bitcoin ETF continues flying high, and Metaplanet makes a potentially risky sprint to amass a lot of BTC very quickly. GameStop Bitcoin flop GameStop found out this week that sinking half a billion dollars into Bitcoin isn’t universally flattering for share prices. The video game retailer spent $512 million on Bitcoin earlier...