The ‘legitimate’ memecoin of the second one Donald Trump management shall be indexed on main cryptocurrency exchanges together with Coinbase and Binance, consistent with bulletins from the corporations.Coinbase posted on Sunday that it plans to record the TRUMP token. The announcement got here by means of its Coinbase Property X account, which gives data on new property, then again the trade didn’t supply a concrete timeline for list.Binance mentioned it plans to open buying and selling for the TRUMP token at the the morning of Jan. 19. The token is already buying and selling on many different centralized exchanges, akin to Bitget, KuCoin and Kraken consistent with CoinGecko.On-chain information presentations that the token has a marketplace cap of simply over $7.6 billion, and buying and selling quantity of roughly $15 billion.Whilst most of the greatest crypto exchanges have eagerly embraced Trump’s legitimate memecoin, the primary Trump-themed token, some of the authentic Political Finance (PoliFi) tokens, had bother getting indexed on exchanges.As CoinDesk reported previous this 12 months, ByBit and OKX rejected the group’s software to record the token given issues in regards to the venture being too political. Kraken didn’t reply to their software to record, and would now not speak about the subject at the report.The primary Trump token, the Ethereum-based MAGA, is down 84% from its June prime of $17.80, consistent with CoinGecko, however is still actively traded.MAGA dumped onerous after the release of the officialTrump token, falling from $3.50 to $1.44 over the weekend with its marketplace cap declining from $158 million to $64 million. The token has slowly recovered after the preliminary fall most probably because of common hobby in Trump-themed tokens at the eve of the inauguration.The tokenomics of TRUMP were criticized by way of many on-line, who’ve identified that 80% of the token provide is managed by way of wallets owned by way of CIC Virtual.$TRUMP made memecoins worse than VC-backed cash by way of a large margin.The Donald Trump Revocable Believe owns 100% of CIC Virtual, which has been allotted 80% of the provision of the brand new memecoin introduced by way of @realDonaldTrump. The similar corporate was once additionally at the back of Donald Trump NFTs. %.twitter.com/RI2Y2wgy8W— hitesh.eth (@hmalviya9) January 18, 2025 CIC Virtual LLC is the Trump Group affiliated company that introduced Trump Non Fungible Tokens (NFTs) in 2023. Information from OpenSea presentations that there’s a 2nd wave of hobby in those NFTs with over 2,800 gross sales within the closing 24 hours price over 765 ETH ($2.5 million).
