13.02.2025 10:00
On the heels of Upbit's announcement to list TRUMP, the official Trump meme coin, the cryptocurrency experienced a notable 10% surge. Upbit, South Korea's premier crypto exchange, will introduce the meme coin on its platform, approximately a month after its competitor Bithumb listed it.
Upbit's official notice declared that TRUMP trading support would commence on February 13th at 18:00 KST. Users gained access to deposit and withdraw TRUMP two hours prior to the trading support activation, which transpired approximately 30 minutes beforehand. This Solana (SOL)-based meme coin will be traded against Korean Won, Bitcoin (BTC), and Tether (USDT) markets.
Following Upbit's announcement, TRUMP's value promptly soared by over 10%, as indicated by data from crypto.news. At present, the meme coin trades at $16.96, commanding a market capitalization of nearly $3.4 billion. Nonetheless, TRUMP has endured a decline of more than 12% over the past week and a precipitous 40% over the past fortnight.
As per the Upbit notice, TRUMP will commence trading at a reduced base price, hovering between 22,435 Korean Won ($15.46) and 22,482 Korean Won ($15.49). Buy orders for TRUMP will be subject to limitations for approximately five minutes following the commencement of trading support. Additionally, all types of orders, excluding limit orders, will be restricted for roughly an hour after trading support becomes operational. Furthermore, sell order prices are capped at a minimum of 10% below the previous day's closing price.
TRUMP erupted onto the market during the weekend preceding President Trump's inauguration, rapidly achieving a market cap exceeding $10 billion within its initial hours of trading. However, numerous early investors encountered challenges...
