TRUMP: Shaking the crypto world on its first day

The TRUMP meme coin, backed by the new US President Donald Trump, has made a rapid entry into the crypto world. Launched on January 18, 2025, TRUMP gained more than 200% in value in a few hours

TRUMP coin, a meme cryptocurrency backed by former US President Donald Trump, has made a rapid entry into the crypto world. Launched on January 18, 2025, TRUMP gained more than 200% in value in a few hours as we reported as Kriptokoin.com, and it moved the markets. First, Hyperliquid listed a perpetual contract for TRUMP, offering investors up to 3x leverage. This move is in line with the platform’s strategy to respond to community demand and offer innovative solutions. However, despite the positive sentiment around the TRUMP coin, the platform’s native token, HYPE, has lost 8% in the last 24 hours. The new contract uses on-chain AMMs for decentralized pricing. Hyperliquid warned traders of risks such as low liquidity and high volatility.

TRUMP coin listings from Gate, Binance and Bitget

TRUMP was listed on the Gate platform in the Innovation Zone on January 18th. The token, which attracted attention with a 447% price increase in the first 6 hours, reached a trading volume of 14 million dollars. On the same day, Binance Futures announced that it offered the TRUMP/USDT perpetual contract with 25x leverage. Other leading exchanges such as Bybit and Bitget also added TRUMP to their spot trading platforms.

On the first day of its launch, the TRUMP meme coin broke a record with a market capitalization of more than $4 billion. By the end of the day, the trading volume reached $213 million, bringing the total FDV (fully diluted value) to $19 billion. However, there were sudden price fluctuations and according to GMGN data, TRUMP lost more than 17% in 5 minutes. TRUMP coin made history as the first cryptocurrency to cross the $10 billion market capitalization mark within the first 24 hours of its launch. The token, which runs on the Solana blockchain, has attracted a lot of attention from both Trump supporters and the crypto community.

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