South Korea’s largest crypto exchange has announced that it will list the Official Trump (TRUMP) memecoin on its platform today. Token-the meme will be available to users Upbit for trading in Korean won, Bitcoin and USDT stablecoins.
According to the notification Upbit, after launch, TRUMP will start trading at a lower base price from KRW 22 ($435) to KRW 15,46 ($22).
Immediately after the announcement by the South Korean exchange, the TRUMP memcoin rose by more than 10%. The asset is currently trading at $16,96, and its market capitalization is almost $3,4 billion.
The price of the TRUMP meme token has fallen more than 12% over the past week and nearly 40% over the past two weeks.
Donald Trump launched his official memecoin just before his inauguration as US President. In the first few hours, TRUMP’s market cap exceeded $10 billion. However, many traders who bought token early on, dumped their holdings. As a result, the memecoin fell from $39,63 to $4,29. TRUMP has since partially recovered, but its value is still well below its peak.