South Korea’s Bithumb to launch $TRUMP trading for 53k won

Bithumb introduced that it will likely be launching $TRUMP meme coin on its platform with a base value of 53,350 received three days after its official launch.

Bithumb, South Korea’s second largest crypto alternate, will launch the official Trump meme coin, $TRUMP (TRUMP), following a surge of demand within the crypto market. The crypto alternate is providing $TRUMP at a base value of 53,350 received (equal to round $37) for its Korean merchants who’re curious about investing within the U.S. President’s meme coin.

The Solana-based meme coin shall be out there for buying and selling on Bithumb ranging from Jan. 21, 2025 at 19:00 KST. Although, merchants can start withdrawing or depositing the token one hour after the announcement was posted, at roughly 18:36 KST. Up to now, there are already a complete of 20 deposit confirmations lodged into Bithumb for $TRUMP.

Based on data from crypto.information, Trump’s meme coin has gone down by greater than 30% previously 24 hours of buying and selling. The meme coin is at the moment valued at $39.63. Regardless of its strong start, reaching greater than $10 billion in market cap mere hours after its launch, the token’s market cap has slipped to $7.8 billion. Nonetheless, it nonetheless ranks in quantity 28 on the crypto board by market cap.

The official Trump meme coin has accrued a buying and selling quantity of greater than $19 billion previously 24 hours of buying and selling, with its value fluctuating between $31.58 and $58.55. The meme coin additionally has a totally diluted valuation of practically $40 billion.

Up to now, the Trump meme coin has been listed on a number of main crypto exchanges, together with Coinbase, Binance, and Robinhood. Bithumb turns into the primary South Korean crypto alternate to launch the official Trump meme coin.

Based on the Bithumb notice, shopping for and promoting orders for the token shall be restricted for five minutes originally of buying and selling, at costs lower than -10% of the usual value and greater than +100% of the usual value. Computerized orders will solely be attainable after the primary transaction.