In a move shaking up the crypto world, Binance has announced the listing of $TRUMP, Donald Trump’s new meme coin, on its futures trading platform. The coin, officially dubbed Official Trump ($TRUMP), has taken the market by storm, achieving explosive growth within hours of its launch.
Binance’s Statement
Binance Futures confirmed the introduction of the TRUMP/USDT perpetual contract, with leverage options of up to 25x. The listing is set to go live today at 3:00 PM EDT. The exchange emphasized its commitment to expanding trading options while reserving the right to adjust trading conditions based on market risks.
My NEW Official Trump Meme is HERE! It’s time to celebrate everything we stand for: WINNING! Join my very special Trump Community. GET YOUR $TRUMP NOW. Go to https://t.co/GX3ZxT5xyq — Have Fun! pic.twitter.com/flIKYyfBrC
— Donald J. Trump (@realDonaldTrump) January 18, 2025
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$TRUMP’s Meteoric Rise
Within three hours of its launch, $TRUMP’s market cap soared to $8 billion, and trading volumes approached $1 billion. The token’s price skyrocketed by over 300%, climbing from an initial $0.18 to an astonishing $7.10. One trader reportedly made a $20 million profit in under an hour, highlighting the token’s volatility and trading frenzy.
The coin’s narrative is tied to Trump’s infamous rallying cry, “Fight, Fight, Fight,” following an alleged assassination attempt during a campaign event in July 2024. With a capped supply of 1 billion tokens—200 million released initially—$TRUMP has captured the imagination of traders and meme coin enthusiasts alike.
Ownership and Skepticism
Eighty percent of the $TRUMP token supply is held by CIC Digital LLC, a Trump Organization affiliate, and Fight Fight Fight LLC, a Delaware-registered entity created days before the coin’s launch. Despite assurances on its official site that the project is “not political,” concerns about its legitimacy and potential security risks linger.
Recent upticks in account thefts on social media platform X have fueled skepticism. Additionally, Trump’s history of quirky product launches, including branded guitars and high-end merchandise, has added a layer of intrigue—and caution—to the project.
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