Summary
- Binance announced the listing of Trump's meme coin Official Trump.
- Official Trump recorded a market capitalization of $7 billion just one day after its launch.
- The application of a seed tag indicates higher volatility and risk, advising investors to be cautious.
The meme coin of Donald Trump, the President-elect of the United States, will be listed on the global cryptocurrency exchange Binance on the 19th.
Binance announced that it will list Official Trump (TRUMP) on this day. Official Trump is the meme coin of President-elect Trump, which was launched on the 17th (local time). Official Trump recorded a market capitalization of $7 billion just one day after its launch.
Official Trump is subject to a seed tag. The application of a seed tag means that it has higher volatility and risk compared to other listed tokens. Binance stated, "Official Trump is a relatively new token," and "It is likely to involve higher risks than general tokens, with greater price volatility."
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
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