Key Points
- The exchange will launch TRUMP, supporting the BTC, KRW, and USDT markets.
- TRUMP surged by over 12% immediately following the announcement.
The largest crypto exchange in South Korea, Upbit, announced the listing of a new coin earlier today. Upbit will list TRUMP later, and the memecoin’s price surged significantly following the announcement.
Upbit Listing Details
In the official announcement, Upbit announced that it will list TRUMP at 18:00 South Korea’s time.
The crypto exchange announced that it will list the following trading pairs for TRUMP:
- TRUMP/BTC
- TRUMP/USDT
- TRUMP/KRW
The exchange’s announcement led to a significant surge in price for TRUMP.
TRUMP Price Spiked by Over 12%
Before Upbit made the announcement, TRUMP memecoin was trading at $15.5, and after the exchange revealed its plans, TRUMP spiked to $17.1. Then, the coin continued its ascendant trajectory, reaching its current price of over $17.4 and a market cap above $3.4 billion.
TRUMP’s price spiked by over 12% following Upbit’s listing announcement earlier today.
Overall, the TRUMP memecoin has risen by 14% in the past 24 hours.
What is TRUMP?
TRUMP is the official memecoin launched by the new US President Donald Trump.
TRUMP was launched last month when, on January 18, the US President announced it via his X account. His son, Eric Trump called it the hottest digital meme on Earth.
Binance listed the memecoin on January 19, and then, Robinhood also launched the coin on its platform on January 20.
BBC also reported about the launch of this memecoin built on Solana, highlighting that the venture was co-ordinated by CIC Digital LLC, an affiliate of the Trump Organization, which has previously sold Trump-branded shoes and fragrances,
CIC Digital LLC and Fight Fight LLC, a company formed in Delaware last month, reportedly own 80% of the tokens.
A few hours after its launch, TRUMP reached a market cap of $5.5 billion.
