TRUMP surpasses $10B market cap in a day, listed on ChangeNOW and other exchanges for instant swap

In less than 24 hours since launching, $TRUMP, the token from President Donald Trump, jumped to $33, a huge leap from its original price of $0,18, after Trump invited followers to secure their tokens before the 48-hour claiming window ended.

It’s currently trading at $27,27, which is still over a 320% increase, a slight cool-off after a massive surge that saw early buyers make huge gains, with some turning less than $1,000 into over $300,000 in just minutes. The token has also climbed the ranks, now sitting at 28th place on CoinMarketCap.

$TRUMP expands across 10+ exchanges, with more listings ahead

Listed on several major custodial platforms like Bybit and BingX, and non-custodial ones such as ChangeNOW, who announced the listing on X, $TRUMP ($TRUMP) has surpassed $9.6 billion in trading volume, with its market cap approaching $6 billion, with more exchanges listing it every minute.

The crypto.news team quickly reached out to Pauline Shangett, CMO at ChangeNOW, for her take, and here’s what she shared:

“We’re excited to be one of the first exchanges to list $TRUMP. At ChangeNOW, we’re all about making trending and exciting assets easily accessible, and $TRUMP is no exception. Users can now swap it for crypto or buy it with fiat directly on our platform.”

Supporting over 1,200 cryptocurrencies and 500,000 exchange pairs, including $TRUMP/USDT, $TRUMP/USDC, and $TRUMP/SOL, among plenty of others, swaps on ChangeNOW take five minutes on average. Fiat purchases are available in 60+ currencies, including EUR, USD, and so on, with payment options like Visa and MasterCard.

With $TRUMP becoming more accessible to users, its popularity has taken off, but its structure and ownership are still key aspects to consider. The token has a total supply of 1 billion, with 200 million released initially and the rest to be distributed over the next three years. Around 80% of the tokens are owned by CIC Digital LLC, a Trump Organization subsidiary, and Fight Fight Fight LLC, a newly founded company in Delaware.

$TRUMP Coin prolongs the 2024 meme coin trend

Meme coins have taken over the digital space in 2024, drawing significant attention from global investors and experiencing a massive 2,000% overall growth. The launch of $TRUMP seems to extend this trend. As the $TRUMP token soars, it’s also driving Solana, the blockchain it was launched on, to new heights. Meanwhile, other leading meme coins like Dogecoin are losing momentum. DOGE has dropped 8% since yesterday, while Shiba Inu ($SHIB) and Pepe (PEPE) have also seen declines following $TRUMP’s surge on Friday. $SHIB is down 6% on the day, and Pepe has fallen by 5%.

Trump’s crypto stance

Donald Trump’s pro-crypto stance during his first term has provided a backdrop for the launch of the $TRUMP token. Supporters view it as an extension of his interest in digital assets, potentially signaling continued focus on cryptocurrency when he returns to office.