TRUMP Coin News: TRUMP Memecoin Hits $38 Billion Trading Volume, Binance Leads with $16B

Since its launch on January 17, 2025, TRUMP memecoin has generated a massive $38 billion in total spot trading volume across centralized exchanges, with Binance leading at $16 billion. Despite an initial surge that saw TRUMP closing at $62 on January 19—an 82% increase from its debut—the token's price has since corrected to around $39, reflecting market volatility and shifting investor sentiment.Market Performance Overview:Launch Date: January 17, 2025, on the Solana blockchain.Current Price: $39, down from its peak of $62 on January 19, which marked an 82% increase from its initial trading day.  Trading Volume:Since launch, the total spot trading volume across centralized exchanges reached $38 billion, with Binance leading the market, accounting for $16 billion, which represents 42% of the total.The highest daily trading volume was recorded on January 19, hitting $17 billion.Tokenomics and Emission Schedule:Initial Circulating Supply: 200 million TRUMP available at launch.Total Supply Cap: 1 billion TRUMP, released gradually over a 36-month emission schedule.Distribution Breakdown by Group:36% (360M): Allocated to "Creators & CIC Digital, 1."18% (180M): Allocated to both "Creators & CIC Digital, 2" and "Creators & CIC Digital, 3."10% (100M): Liquidity.10% (100M): Public Distribution.Remaining: Smaller allocations to different creators' groups.Trading Activity Breakdown by Exchange:Binance: Dominates the market with $16 billion in trading volume.OKX & Bybit: Follow with approximately $5 billion each.Other Exchanges: Include Gate.io, Bitget, KuCoin, and more, with significantly lower trading volumes.Purpose and Utility:The TRUMP token represents engagement and support for Donald Trump’s ideals and beliefs, functioning as a meme coin within the Solana ecosystem.Users can acquire TRUMP via Apple Pay, debit/credit cards, Venmo, Solana/USDC, making it accessible to a broad audience.Conclusion: The TRUMP  meme coin has generated significant traction in a short period, with a robust trading volume and active community engagement. Despite recent price corrections, its growing circulation and market activity suggest continued interest in the asset.