Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.

2021

Best News & Analysis Provider

FxDailyInfo

2022

Best Forex Educational Resources Global

International Business Magazine

Insights

News

Cryptocurrencies

Kraken becomes first US crypto exchange to list TRUMP meme coin as it declines by 35%

Source Cryptopolitan

Kraken has become the first major US-based crypto exchange to list Official Trump (TRUMP), the Solana-based meme coin launched by self-proclaimed ‘crypto president-’ Donald Trump.

According to the company’s official announcement, trading for the controversial token began at 20:15 PM UTC on January 18. But as the token hits Kraken, it also saw a 35% decline in value.

The token, which celebrates Trump’s leadership and his campaign slogan “Fight, Fight, Fight,” debuted only a few hours ago but has since seen an over 120,000 surge. TRUMP has now surpassed retail sensation stock GameStop (GME), which made history in 2021 and was thought to be the biggest market mania of the 2020s.

The initial market frenzy sent TRUMP’s market cap soaring to nearly $6 billion, according to data from CoinMarketCap.

Trump launched the meme coin on January 17 through a post on Truth Social and X (formerly Twitter). In his signature style, Trump hyped the token as a rallying point for his movement, declaring, “My NEW Official Trump Meme is HERE! It’s time to celebrate everything we stand for: WINNING!”

The coin’s official website described TRUMP as a token for those who “don’t back down, no matter the odds.” And Trump’s highly-anticipated inauguration is less than 48 hours away.

Behind the scenes, the token is managed by Fight Fight Fight LLC, a company promising to release an additional 800 million TRUMP tokens over the next three years. A first batch of 200 million coins hit the market during the launch.

Exchanges pile on

Other major centralized exchanges (CEXs) were ahead of Kraken. Singapore-based Crypto.com added trading pairs, allowing users to purchase TRUMP using USD, EUR, and 20 other fiat currencies. Meanwhile, Bybit opened pre-market trading for TRUMP/USDT with a call auction on January 18 at 9:35 AM UTC.

On decentralized exchanges (DEXs), the token gained traction too. Platforms like Raydium, Orca, and Meteora listed TRUMP. In total, more than ten exchanges, including MEXC, HTX, and CoinW, now support TRUMP trading pairs.

But this whole thing is just Trump putting his money where his mouth is. Last summer, he spoke at a Bitcoin conference in Nashville, promising to make America the “crypto capital of the planet.”

His sons, Donald Jr. and Eric founded World Liberty Financial, a family-run venture focused on decentralized and centralized finance (DeFi and CeFi). Eric has called TRUMP “the hottest digital meme on earth.”

A Step-By-Step System To Launching Your Web3 Career and Landing High-Paying Crypto Jobs in 90 Days.

Disclaimer: For information purposes only. Past performance is not indicative of future results.

Recommended Articles

Gold Price Forecast: Does Gold Falling Below $4,000 Mean the Bull Market Is Over? Will It Still Rise in the Second Half of 2026?Heading into the second half of 2026, the gold market has transitioned from a strong-performing asset at the start of the year into one pulling back from its highs. Recently, gold prices

Author TradingKey

12 hours ago

Heading into the second half of 2026, the gold market has transitioned from a strong-performing asset at the start of the year into one pulling back from its highs. Recently, gold prices

WTI Crude Falls Below $70, Easing US-Iran Tensions Erode Risk Premium, Oil Prices May Drop to $60 As of the European session on June 29, WTI crude oil ( USOIL) prices fluctuated and weakened near $70.00. From a market perspective, affected by renewed clashes between the US and Iran, o

Author TradingKey

12 hours ago

As of the European session on June 29, WTI crude oil ( USOIL) prices fluctuated and weakened near $70.00. From a market perspective, affected by renewed clashes between the US and Iran, o

Iran insists on control of Hormuz amid reports of US talks Iran’s Foreign Minister Abbas Araghchi said that responsibility for the Strait of Hormuz lies solely with Tehran and warned that any attempt to bypass its preferred route in the waterway will cause “tension and escalation,” Aljazeera reported on Monday.

Author FXStreet

21 hours ago

Iran’s Foreign Minister Abbas Araghchi said that responsibility for the Strait of Hormuz lies solely with Tehran and warned that any attempt to bypass its preferred route in the waterway will cause “tension and escalation,” Aljazeera reported on Monday.

Gold Price Forecast: PCE Data Weakens Fed Rate Hike Expectations, Can Gold Price Hold Steady at $4,000?As of today's Asian session (June 26), gold ( XAUUSD) prices fluctuated near $4,010. Yesterday, gold rebounded following the release of the PCE data, and market sentiment improved signifi

Author TradingKey

Jun 26, Fri

As of today's Asian session (June 26), gold ( XAUUSD) prices fluctuated near $4,010. Yesterday, gold rebounded following the release of the PCE data, and market sentiment improved signifi

Australian Dollar edges lower to near 0.6900 on Fed hike bets The AUD/USD pair edges lower to around 0.6900 during the Asian trading hours on Friday. The US Dollar (USD) strengthens against the Australian Dollar (AUD) on the expectation of US rate hikes later this year.

Author FXStreet

Jun 26, Fri

The AUD/USD pair edges lower to around 0.6900 during the Asian trading hours on Friday. The US Dollar (USD) strengthens against the Australian Dollar (AUD) on the expectation of US rate hikes later this year.

Popular Symbols