Binance, a leading cryptocurrency exchange, has announced the listing of OFFICIAL TRUMP (TRUMP), the official meme coin launched by U.S. President-elect Donald Trump. Trading for the TRUMP/USDT pair is set to commence on January 19, 2025, at 08:30 (UTC).
The TRUMP token, developed on the Solana blockchain, has a total supply limit of 1 billion tokens. Initially, 200 million coins have been issued, with an additional 800 million to be released over the next three years. Notably, 80% of the TRUMP supply is held by CIC Digital, an affiliate of The Trump Organization, and Fight Fight Fight LLC, a company partially owned by CIC Digital. These entities are restricted from releasing their tokens for three years.
The launch of the TRUMP token is part of President-elect Trump's broader initiative to integrate cryptocurrency into his political agenda. This includes previous NFT collections and the introduction of a crypto platform last year. Trump has assembled a tech policy team led by David Sacks, dubbed the "crypto czar," and plans to issue an executive order to make crypto a national priority after his inauguration.
Investors should exercise caution, as the legitimacy of political tokens can be contentious, with concerns over potential "rug pulls" and limited availability on major exchanges.
