|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cryptocurrency News Articles
$TRUMP Meme Coin Now the 190th Largest Company in the World by Market Cap if It Was a Public Company
Jan 19, 2025 at 10:51 pm
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.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
- 5 Hidden Gem Altcoins Set to Explode Before BTC-Rotated Liquidity Enters the Market
- Feb 01, 2025 at 06:30 am
- With a pro-crypto administration under President Trump, and talks of a national digital asset stockpile consisting of multiple cryptocurrencies, the signs are all there for the most electrifying bull run in history. And for investors willing to look beyond the big names, this moment entails the chance of discovering low-cap crypto gems that offer generational wealth; all before they explode into the mainstream that is.
-
- Chiefs and Eagles Will Square Off in a Rematch of Super Bowl LVII; The Coin Toss Will Start the Game the Same Way
- Feb 01, 2025 at 06:30 am
- No matter where the Big Game is played or who is in it, the game starts the same way — with the coin toss. And DraftKings Sportsbook has a couple of odds to consider if you want to wager on the result.
-
- Qtum: A Hybrid Blockchain Platform Poised to Revolutionize the Digital Currency Universe
- Feb 01, 2025 at 06:30 am
- In the ever-evolving landscape of digital currencies, Qtum stands out as a blockchain platform with the ambitious goal of bridging the gap between Ethereum’s smart contracts and Bitcoin’s stable blockchain ecosystem.
-
- Super Bowl LIX Betting Trends: Bettors All Over the Eagles Moneyline
- Feb 01, 2025 at 06:30 am
- The first week of Super Bowl LIX betting showed bettors are all over the Eagles outright. ESPN BET reported Thursday night Philadelphia received the bulk of moneyline bets in 17 out of the sportsbook’s 20 U.S. jurisdictions.