Trump Memecoin Fails to Secure Major Listings, Market Reacts

Published by

Vignesh S G

June 19, 2024

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The team behind a meme coin inspired by former US President Donald Trump is grappling with significant challenges. Despite their persistent efforts, the coin has yet to secure listings on major cryptocurrency exchanges like Kraken, Bybit, and OKX.

What’s holding the coin back? What hurdles lie ahead? We’ve got some answers for you!

Listing Woes Weigh Heavy

The developers of Trump’s official meme coin are expressing frustration over their inability to get their coin listed on top-tier cryptocurrency exchanges. This roadblock is stifling their growth potential and limiting the coin’s exposure to a broader audience.

Market Impact

The struggle to secure listings has caused a notable shake-up in the meme coin market, with many Trump-themed tokens experiencing sharp declines. For instance, TRUMP saw a dramatic fall of 31% to $7.46 within just four hours. Currently, TRUMP is priced at $9.30, marking a 7-day change of -28.1% and a 30-day change of -30.6%. Similarly, TRUMPIE’s current price is $0.0004919, with a 7-day change of -58.3% and a 14-day change of -76.1%.

The present price of $TRUMP is $0.008903, with a 7-day change of -5.7% and a 14-day change of -65.4%.

Biden-Themed Token Also Affected

Interestingly, BODEN, a token inspired by US President Joe Biden, has also been affected. Currently priced at $0.1411, BODEN reports a 7-day negative change of -26.2% and a 14-day change of -58.3%.

The Future? Uncertain

The ongoing challenges with exchange listings pose a significant hurdle for the official Trump meme coin. As the team continues to seek major exchange listings, the future remains uncertain for the coin and its investors.

Also Read: A Look Into Donald Trump’s SHOCKING $32 Million Crypto Portfolio

What do you think? Will Trump’s meme coin overcome these hurdles? Stay tuned to Coinpedia for more updates on this.

Vignesh S G

Vignesh is a young journalist with a decade of experience. A proud alumnus of IIJNM, Bengaluru, he spent six years as a Sub-Editor for a leading business magazine, published from Kerala. His interest in futuristic technologies took him to a US-based software company specialising in Web3, Blockchain and AI. This stint inspired him to view the future of journalism through the lens of next generation technologies. Now, he covers the crypto scene for Coinpedia, uncovering a vibrant new world where technology and journalism converge.