President Donald Trump’s official memecoin, Official Trump (TRUMP), has been added to the listing roadmap of the top US-based crypto exchange platform, Coinbase.
Coinbase made the announcement on the social media platform X, revealing their consideration of supporting TRUMP in the future to prevent insider trading and front-running of tokens.
TRUMP is currently trading at around $58.45, with a fully diluted valuation of approximately $68 billion, just days after its launch on the Solana (SOL) blockchain. The memecoin quickly reached a market cap of nearly $3 billion before soaring to around $14.5 billion.
As Trump is set to become the nation’s 47th President, speculations are high on him creating a Bitcoin reserve, with odds of him forming one within his first 100 days at 54% on the crypto betting platform Polymarket.
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Featured Image: Shutterstock/WWWoronin