The team behind a meme coin inspired by former Donald Trump is grappling with significant challenges. Despite their efforts, they have been unable to secure listings on major cryptocurrency exchanges such as Kraken, Bybit, and OKX. This obstacle has not only hindered the coin’s growth potential but also affected the broader market of Trump-themed tokens.
Challenges in Securing Major Exchange Listings
The developers of Trump’s meme coin are facing mounting frustration over their inability to get listed on prominent cryptocurrency exchanges. Despite extensive efforts, the lack of listings is stifling the coin’s growth potential and limiting its exposure to a broader audience. Without access to major exchanges, the coin struggles to reach a wider market, which is crucial for its success and investor confidence.
Market Impact on Trump-Inspired Memecoins
The listing challenges have had a ripple effect across the market, affecting not just Trump’s official meme coin but other Trump-themed tokens as well. TRUMP, the primary coin, experienced a sharp decline, plummeting 31% to $7.46 within just four hours. Currently, TRUMP is priced at $9.30, reflecting a 7-day change of -28.1% and a 30-day change of -30.6%.
Other Trump-inspired coins are also suffering. TRUMPIE, for instance, is now priced at $0.0004919, showing a staggering 7-day decline of -58.3% and a 14-day drop of -76.1%. Similarly, $TRUMP is currently valued at $0.008903, with a 7-day decrease of -5.7% and a 14-day fall of -65.4%.
Interestingly, even tokens inspired by current U.S. President Joe Biden are not immune to this trend. BODEN, another politically themed token, is priced at $0.1411, with a 7-day change of -26.2% and a 14-day change of -58.3%.
The Uncertain Future for Trump’s Official Meme Coin
The ongoing challenges with securing major exchange listings are a significant obstacle for the Trump meme coin. As the development team continues their efforts, the future of the coin remains uncertain. Investors and supporters are watching closely, hoping for a breakthrough that could stabilize and potentially increase the coin’s value. However, until major exchange listings are secured, the meme coin’s prospects appear bleak.
Also Read: Trump’s Guilty Verdict Sparks Meme Coin Volatility
