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To say that the $TRUMP meme coin launch constituted one of the most influential financial events so far this year would be an understatement. After all, with its fully-diluted market cap now eclipsing $70 billion, the $TRUMP coin is currently in the same valuation league as established US corporations such as Coinbase and FedEx.
$TRUMP coin now the 190th largest company in the world by market cap if it was a public company. Lol
— Heisenberg (@Mr_Derivatives) January 19, 2025
What's more, with nearly 48 hours still remaining until markets open in the US after Monday's holiday, there is no telling what lofty heights the $TRUMP meme coin might yet scale as retail traders presumably remain fixated with nary a distraction.
BingX is now providing traders with access to TRUMP coin-margined futures trading. Traders can also use TRUMP as margin for futures trading on BingX for additional flexibility. BingX launched the Trump spot trading on January 18 at 12:50 (UTC+8). https://t.co/MDSOrpZ06Y
— Wu Blockchain (@WuBlockchain) January 19, 2025
Meanwhile, crypto exchanges are moving swiftly to capture the current mania around the president-elect's meme coin. To wit, BingX, which was one of the first crypto exchanges to enable trading for the $TRUMP coin, is now opening up $TRUMP coin-margined futures trading, allowing the use of the meme coin as margin for futures trading on the platform.
For the benefit of those who might not be aware, the $TRUMP meme coin offers no utility other than bringing together like-minded traders and investors to foster a community premised on the incoming US president's star power.
200 million $TRUMP meme coins are available for trading at the moment. Over the next three years, this supply will grow to 1 billion coins. Do note that this unreleased supply is currently being held by an affiliate of the Trump Organization, CIC Digital LLC, in conjunction with a Delaware-based, Trump-linked company, Fight Fight Fight LLC.
As we noted in a recent post, the $TRUMP meme coin is not the president-elect's first foray into the nascent crypto sphere. Back in October, the Trump family endorsed a crypto DeFi platform, dubbed World Liberty Financial. In return, the family stands to gain hefty fees from the sale of $WLFI tokens.
Of course, Trump has also been dabbling in NFTs. Nonetheless, the scale and ferocity of the $TRUMP meme coin's rise seems to have taken almost everyone by surprise.
About the author: Writing is my one incontrovertible passion. Over the past six years, he has authored over 2,200 distinct articles on financial and tech-related topics, spanning nearly 1 million words. And he has been a member of Wcctech mobile team since 2025. As an alumnus of the University of Toronto, Rotman Commerce Program, I bring nuance, in-depth knowledge, and a unique perspective to every topic that I cover. When I'm not writing, I'm traveling the world, exploring hidden confectionaries and restaurants as an aspiring food connoisseur.
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