The Solana-based Official Trump meme coin (TRUMP) is up almost 9% within the final 24 hours and is now dwell for buying and selling on American cryptocurrency alternate, Coinbase.
The token, which has reclaimed an $8.5 billion market cap at a value of $42, was added to the Coinbase listings roadmap on January 18 and now’s dwell for buying and selling for customers of the alternate through Coinbase.com and its cell apps.
The alternate introduced its intention to listing the token for buying and selling yesterday, however added hours after its announcement that it could solely go dwell for buying and selling when “adequate liquidity circumstances” have been met.
As soon as adequate provide of this asset is established buying and selling on our TRUMP-USD buying and selling pair will launch in phases. We are going to announce buying and selling individually when liquidity circumstances are met. Help for TRUMP could also be restricted in some supported jurisdictions.
The ascension of Trump’s meme coin has helped wreak havoc on Solana infrastructure since its launch, resulting in degraded efficiency for platforms like Jupiter and Phantom. Coinbase too has had points with Solana-based belongings, together with ship and obtain delays, with a consultant pointing Decrypt to its standing web page as a technique to monitor updates—which signifies the alternate remains to be investigating the difficulty.
TRUMP’s rise corresponds to a broader market bounce, which has seen majors like Bitcoin and Solana each rise roughly 4% to $106,800 and $256, respectively. Main meme coin Dogecoin has additionally risen, leaping greater than 7% to $0.383. Each TRUMP and DOGE could possibly be the topic of meme coin ETFs following filings from REX Shares early Tuesday.
Trump’s official Solana token launched late Friday and surged to a peak value above $73 earlier than retracing over the weekend and into Monday. The coin briefly rose above $43 on Tuesday afternoon, marking its highest value in additional than a day.
Edited by Andrew Hayward
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