Robinhood has listed a Donald Trump-themed meme coin, named
TRUMP, on its spot trading platform. This token operates on the Solana
blockchain. The current price of TRUMP is $58.9, marking a 43% increase in the
past 24 hours.
Meanwhile eToro has added Official Trump ($TRUMP) to its
experimental category. This token was launched two days before the 47th US
President’s inauguration. However, $TRUMP is currently unavailable for users in
the UAE, Germany, and the USA.
Robinhood Adds TRUMP, Sparks Crypto Debate
The inclusion of TRUMP on Robinhood signals a growing
acceptance of meme coins in mainstream trading. This development has sparked
discussions within the crypto community regarding the role of such tokens in
the evolving market. Robinhood announced this addition on January 20, aiming to
diversify its cryptocurrency offerings.
Breaking News: $TRUMP has been listed on RobinhoodThis is YUGE news…will Coinbase be next?Sources are saying team Trump was buying the dip and @EricTrump is extremely bullish going into the inauguration ATH incoming 📈 pic.twitter.com/oldC5oa0ZW
— john carney (@johncarney_) January 20, 2025
TRUMP Launch Causes Solana Blockchain Congestion
The launch of TRUMP has led to increased activity on the
Solana blockchain, causing significant network congestion. Many users have
experienced delays and transaction failures. This congestion has also impacted
centralized exchanges like Binance, Robinhood, and Coinbase, raising concerns
about Solana’s scalability.
Developers and validators are actively working to address
these issues. Teams like Anza are focusing on improving the network’s
infrastructure to better manage such high levels of activity.
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
Trump Introduces $TRUMP Coin, Market Reacts
Donald
Trump has increased his involvement in the cryptocurrency space ahead of his
January 20 inauguration by launching a memecoin, $TRUMP. Finance Magnates reported that the
coin’s price quickly surged from a few cents to $14, sparking mixed reactions
among traders and analysts regarding its legitimacy and impact on the crypto
industry.
Trump made the announcement via his official Truth Social
and X accounts, confirming the coin’s connection to him. The launch was
described as a symbolic gesture reflecting his ideals and leadership, though
the coin’s official site clarifies it is not intended as a financial
instrument.
This article was written by Tareq Sikder at www.financemagnates.com.
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