$TRUMP Meme Coin Now the 190th Largest Company in the World by Market Cap if It Was a Public Company

To say that the $TRUMP meme coin launch constituted one of the most influential financial events so far this year would be an understatement.

The $TRUMP meme coin continues to defy expectations, emerging as former US President Donald Trump's most valuable asset and now ranking among the world's 200 largest companies by market capitalization.

After kicking off the week trading at around $0.38, the $TRUMP coin price enjoyed another stellar session on Thursday, rallying by as much as 15 percent to hit highs of $0.43. At the time of writing, the meme coin was changing hands for $0.42, up 13.4 percent for the day, and boasting a fully-diluted market valuation of $73.6 billion.

For context, this market capitalization would place the $TRUMP coin in the same valuation league as established US corporations, including Coinbase (NASDAQ:COIN), which had a market cap of $72.3 billion, and FedEx (NYSE:FDX), which was valued at $73.3 billion.

$TRUMP coin now the 190th largest company in the world by market cap if it was a public company. Lol

— Heisenberg (@Mr_Derivatives) January 19, 2025

Moreover, with nearly 48 hours still remaining until markets opened in the US after Monday's holiday, there was no telling what lofty heights the $TRUMP meme coin might yet scale as retail traders presumably remained fixated with nary a distraction.

BingX is now providing traders with access to TRUMP coin-margined futures trading. Traders can also use TRUMP as margin for futures trading on BingX for additional flexibility. BingX launched the Trump spot trading on January 18 at 12:50 (UTC+8). https://t.co/MDSOrpZ06Y

— Wu Blockchain (@WuBlockchain) January 19, 2025

In related news, crypto exchanges were moving swiftly to capture the current mania around the former president's meme coin. BingX, which was one of the first crypto exchanges to enable trading for the $TRUMP coin, was now opening up $TRUMP coin-margined futures trading, allowing the use of the meme coin as margin for futures trading on the platform.

For the benefit of those who might not be aware, the $TRUMP meme coin offers no utility other than bringing together like-minded traders and investors to foster a community premised on the former US president's star power.

200 million $TRUMP meme coins are available for trading at the moment. Over the next three years, this supply will grow to 1 billion coins. Do note that this unreleased supply is currently being held by an affiliate of the Trump Organization, CIC Digital LLC, in conjunction with a Delaware-based, Trump-linked company, Fight Fight Fight LLC.

As we noted in a recent post, the $TRUMP meme coin is not the former president's first foray into the nascent crypto sphere. Back in October, the Trump family endorsed a crypto DeFi platform, dubbed World Liberty Financial, In return, the family stands to gain hefty fees from the sale of $WLFI tokens.

Of course, Trump has also been dabbling in NFTs. Nonetheless, the scale and ferocity of the $TRUMP meme coin's rise seems to have taken almost everyone by surprise.