U.S. President-elect Donald Trump’s “Official Trump” memecoin rebounded to over $60 after Robinhood announced the listing of the memecoin on its platform.
Stock trading and investing platform Robinhood announced on Monday that Official Trump (TRUMP) memecoin is now available for trading on its exchange.
The memecoin, launched by U.S. President-elect Donald Trump last week, saw its price surge to over $60 following the announcement, showing a significant increase from the price range of around $45 observed earlier in the day, according to The Block’s price page.
With a circulating supply of 200 million tokens, Official Trump's market capitalization currently stands at $12.1 billion, while its fully diluted valuation amounts to $60 billion. The recent announcement drove up the memecoin's market cap by an additional $2.5 billion, according to The Kobeissi Letter.
Several crypto exchanges, including Gate.io, Bitget, BingX and MEXC, also listed Melania Trump's Memecoin, "MELANIA," over the weekend.
President-elect Trump launched the TRUMP memecoin ahead of his inauguration on Monday, with Melania Trump quickly following suit with her own memecoin. The MELANIA token currently has a market cap of $1.69 billion, with its FDV standing at $11.3 billion, according to DEXscreener.
World Liberty Financial, the DeFi project linked to Trump, also saw a surge in governance token sales on Sunday. The project has sold 20% of the 100 billion token supply and has opened up an additional 5% of the token supply to meet the high demand.
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