Donald Trump's official memecoin, called “Official Trump Meme” (TRUMP), was recently launched and is now available for trading in Brazil.
Trump's meme coin, also known as TRUMP, rose to $58.56 on Monday morning (20), which represents a significant jump since its launch. With this, it reached a market value of around $11.7 billion, becoming one of the most talked about cryptocurrencies on the global scene.
The launch comes in the wake of Donald Trump's inauguration as President of the United States, scheduled for today (20) in Washington, which brings even more visibility to the asset.
The TRUMP memecoin is associated with the same organization that launched Trump’s popular NFT trading cards. This association strengthens the coin’s image as a digital collectible, attracting both investors and admirers of the former president.
Furthermore, the entity responsible for issuing the currency centralizes the distribution structure, allocating 80% of the tokens to it during the first three years. Only 10% of the total tokens will be available to the public.
Where to trade TRUMP?
With the recent surge in value of the asset, many people are wondering where they can trade Donald Trump’s memecoin. Fortunately, trading platforms have already adapted to the trend, allowing Brazilians to easily buy and sell TRUMP.
Mercado Bitcoin customers, for example, can now buy and sell memecoin, which facilitates access to the national market.
“We are committed to bringing the biggest global trends to the Brazilian and Latin American markets. Listing ‘TRUMP’ reinforces our commitment to democratizing access to disruptive opportunities,” said Lucas Pinsdorf, Business Development Director at Mercado Bitcoin.
In addition to Mercado Bitcoin, other brokers such as Digitra and Binance have already listed TRUMP and their clients can trade the currency.
The asset is based on the Solana blockchain
In addition to traditional exchanges, it is also possible to trade the TRUMP asset on decentralized exchanges (DEXs) that operate on the Solana blockchain.
Among the most popular DEXs, Meteora stands out as one of the platforms that moves the market the most. But it is also possible to buy and sell through Radyum and Orca.
The article See where to trade Donald Trump's memecoin in Brazil was first seen on BeInCrypto Brazil.