Coinbase, a major US cryptocurrency exchange, is considering listing a new memecoin tied to Donald Trump.
Trump’s Memecoin Gains Traction
The cryptocurrency, called Official Trump (TRUMP), was recently added to Coinbase’s listing roadmap. This means Coinbase is exploring the possibility of supporting TRUMP on its platform in the future. The roadmap helps prevent insider trading and market manipulation before a coin is officially listed. Since its launch, TRUMP has seen a massive price increase, currently trading around $58.45. Its market valuation is estimated to be a staggering $68 billion. The coin launched on the Solana blockchain and quickly gained significant market capitalization.
Political Implications and Speculation
With Trump’s upcoming inauguration, there’s considerable speculation about his potential impact on the crypto market. He’s promised a crypto-friendly presidency, potentially leading to innovation in the sector. Betting markets even suggest a significant chance (54%) that he’ll establish a Bitcoin reserve within his first 100 days in office.
Disclaimer: This information is for general knowledge and shouldn’t be considered investment advice. Always do your own research before investing in cryptocurrencies. Investing in crypto is risky, and you could lose money.
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