South Korea’s Bithumb to launch $TRUMP trading for 53k won

Bithumb announced that it will be launching $TRUMP meme coin on its platform with a base price of 53,350 won three days after its official launch.

Bithumb, South Korea’s second largest crypto exchange, will launch the official Trump meme coin, $TRUMP (TRUMP), following a surge of demand in the crypto market. The crypto exchange is offering $TRUMP at a base price of 53,350 won (equal to around $37) for its Korean traders who are interested in investing in the U.S. President’s meme coin.

The Solana-based meme coin will be available for trading on Bithumb starting from Jan. 21, 2025 at 19:00 KST. Though, traders can begin withdrawing or depositing the token one hour after the announcement was posted, at approximately 18:36 KST. So far, there are already a total of 20 deposit confirmations lodged into Bithumb for $TRUMP.

According to data from crypto.news, Trump’s meme coin has gone down by more than 30% in the past 24 hours of trading. The meme coin is currently valued at $39.63. Despite its strong start, reaching more than $10 billion in market cap mere hours after its launch, the token’s market cap has slipped to $7.8 billion. However, it still ranks in number 28 on the crypto board by market cap.

Price chart for the official Trump meme coin, January 21, 2025 | Source: crypto.news

The official Trump meme coin has accumulated a trading volume of more than $19 billion in the past 24 hours of trading, with its price fluctuating between $31.58 and $58.55. The meme coin also has a fully diluted valuation of nearly $40 billion.

So far, the Trump meme coin has been listed on several major crypto exchanges, including Coinbase, Binance, and Robinhood. Bithumb becomes the first South Korean crypto exchange to launch the official Trump meme coin.

According to the Bithumb notice, buying and selling orders for the token will be restricted for 5 minutes at the beginning of trading, at prices less than -10% of the standard price and more than +100% of the standard price. Automatic orders will only be possible after the first transaction.