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The first presidential certified meme coin TRUMP detonates the market, Trump's "crypto moment"
On January 18, the current US President Trump announced the launch of TRUMP, a meme token with the same name as himself, on multiple social media accounts. In just 24 hours, the total market value of the token exceeded US$35 billion and was listed on the
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2025-01-19
BlockBeats News, January 19th, according to official sources, Binance will list Official Trump (TRUMP) spot trading on January 19th at 8:30 (UTC) and apply a seed tag.
BlockBeats News, January 19th, according to official sources, Coinbase Assets announced that Official Trump (TRUMP) will be added to the listing roadmap.
BlockBeats News, January 19, according to official sources, OKX will list TRUMP (OFFICIAL TRUMP) spot trading on January 19 at 1:00 PM (UTC+8).
BlockBeats News, January 19th. Regarding the issuance of the TRUMP Meme Coin by Trump, Danielle Brian, Executive Director of the nonpartisan government oversight project Project on Government Oversight, stated that Meme Coins are usually unrelated to any underlying business, making them highly speculative for investors and potentially lucrative for founders. "Any efforts by the Trump group to suggest they are concerned about potential conflicts (especially conflicts involving foreign governments) seem to be completely undermined by their actions."Other concerned groups include the nonprofit Campaign Legal Center and Washington's Citizens for Responsibility and Ethics in Washington, the latter of which sued Trump during his first term for violating the Constitution's provisions prohibiting foreign gifts and payments, but was unsuccessful.Campaign Legal Center's Chief Legal Advisor Kedric Payne stated: "The clear distinction with cryptocurrency is how quickly you can come into unexpected wealth." (Bloomberg)
BlockBeats News, January 19th, according to Fox News, Trump personally announced the launch of the TRUMP token through his Truth Social and X accounts at 9:45 PM Eastern Time on Friday, while crypto industry leaders were celebrating his return to the White House at the first Cryptocurrency Gala in Washington, D.C. Attendees of the gala reportedly included CEOs of various crypto platforms, politicians, several of Trump's new cabinet members, and his son Donald Trump Jr.Reports suggest that after news of the token launch spread, some attendees expressed skepticism, speculating that the President-elect's account may have been hacked. Trump's eldest son may have been aware of this news as he was isolated in an exclusive VIP area. It is currently unclear whether he discussed Trumpcoin with anyone there.
BlockBeats News, January 19, DWF co-founder Andrei Grachev announced on his social media platform that TRUMP has been listed on the DWF platform, allowing institutional users to conduct spot and derivative transactions via RFQ/OTC.
BlockBeats News, January 19, according to official sources, the US cryptocurrency exchange Kraken has officially launched TRUMP spot trading this morning.
BlockBeats News, January 19th, according to on-chain data, the TRUMP team's token holdings have decreased, with some being provided as a one-sided liquidity pool and some transferred to CEX or used for market-making.Crypto KOL Conor analyzed, "It seems that every circulating token has either been sold into the market or provided as one-sided liquidity. The meanings of 'public distribution' and 'liquidity' seem to be: 'We intend to sell.' The word 'sell' may be a bit strong, perhaps they are just reallocating assets for ordinary business purposes."In the past 7 hours, the TRUMP team address has deposited tokens worth $20 million into Bybit, either for market-making purposes.
2025-01-18
BlockBeats News, January 18, according to an official announcement, Bybit will launch TRUMP spot trading.
BlockBeats News, January 18, according to an official announcement, Bitget will list OFFICIAL TRUMP (TRUMP) in the Innovation Zone and Meme Zone.The deposit channel is now open, and the trading channel will open today at 18:00 (UTC+8).
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