Robinhood Lists TRUMP Token: Here’s What Happened Next

Donald Trump’s official meme coin, TRUMP, is now listed on Robinhood.
In the past 24 hours, TRUMP is up 54.29% while MELANIA soared 56.46%.
Trump was termed “greedy” by crypto market participants over the launch of the meme coins.

President-elect Donald Trump introduced a new meme coin OFFICIAL TRUMP (TRUMP) token just ahead of his Inaugural Day. The token, now ranked as the 18th-largest digital asset with a market cap of $11.76 billion, is priced at $58.83 as per CoinMarketCap data.

While the broader crypto market remains in a consolidation phase, the TRUMP token surged 54.29% in the past 24 hours following its listing on Robinhood, a major stock and crypto trading platform. Robinhood confirmed the listing in a post on X (formerly Twitter).

TRUMP Token Ranks High in Trading Volume

With a 24-hour trading volume of $52 billion, TRUMP ranks fourth, following USDT, Bitcoin, and Ethereum. The token is now available on major crypto exchanges, including Binance, Kraken, OKX, Bybit, and Robinhood. Notably, it reached an all-time high of $75.35 about 19 hours ago but has since dropped 23.45% from its peak.

Shortly after the debut of the TRUMP token, Melania Trump, the soon-to-be First Lady, announced her own memecoin; $MELANIA. Launched on January 19, $MELANIA rose 56.46% within 24 hours, trading at $11.48 but down 16.54% from its all-time high of $13.19, recorded 16 hours ago.

Criticism Over Trump’s Back-to-Back Token Launches

Despite the tokens’ successes, Trump is facing backlash from crypto market participants accusing him of greed. The release of MELANIA allegedly caused TRUMP’s price to fall, with Delphi Labs co-founder José Maria Macedo attributing this to insider profit-taking.

Financial analyst Michael A. Gayed criticized the dual token launches, suggesting they hurt Trump’s credibility ahead of his inauguration.

Similarly, Jim Bianco of Bianco Research noted that the “smashing success” of the TRUMP token may have driven Trump and Melania to cash in more on the hype by launching $MELANIA, a move that smacks of haste.

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