- Bithumb adds TRUMP token to its KRW market, drawing attention from global crypto investors.
- The TRUMP token’s price surged from under $10 to $74.59 before correcting to $33.88.
- The listing of TRUMP token boosts Solana’s growth, with rising attention on crypto projects.
South Korean cryptocurrency exchange Bithumb revealed on January 21st that it will list the TRUMP token on its KRW market. This comes after a rise in activity for the newly released token, linked to U.S. President Donald Trump. The TRUMP token has gained much attention among cryptocurrency investors even though its market capitalization is over $10 billion.
TRUMP Token Price Surge
The TRUMP token was launched a few days before Trump’s inauguration event and has shown high price fluctuations. The token opened at a price below $10 and quickly rose to $74.59, only to correct to $33.88 afterward. Gaining momentum within a short period, the token is speculated to reach even higher in the coming weeks. As of press time, the token is trading at $39.00, showing a 23.51% decrease over the past day.
As per the announcement, the TRUMP token will be available on the Solana blockchain, and deposits and withdrawals can only be made using the Solana network. Trading for the token is scheduled to begin at 7:30 PM on Tuesday. This listing on Bithumb is expected to create a lot of buzz since it will give South Korean investors an easy way to get the token.
Trump’s Crypto Influence Grows
The exposure brought about by Trump’s involvement in cryptocurrency seems to be increasing demand. The release of the TRUMP and MELANIA tokens has added to the buzz around Solana, whose coin reached an all-time high over the weekend. This indicates that the crypto projects supported by Trump are gaining the public’s attention and helping drive the growth of the markets.
Related: Trump’s Inaugural Speech Omits Crypto, BTC Pulls Back from $109K
Another Trump-linked venture, World Liberty Financial, claimed it had sold $300M worth of tokens in its first sale. This has intensified speculation that the Trump administration will likely oversee a better environment for cryptocurrencies than the current Biden administration.
The TRUMP token has been included in the Bithumb exchange, and the focus is on its next course of action. It can only continue to climb, or the market environment may call for a reversal. As the crypto and cryptocurrency industry constantly develops, people are interested in what the company will do next.
