The team behind TRUMP (the meme coin, not the former U.S. president) is facing challenges in getting their crypto token listed on major exchanges. Despite being available on decentralized exchanges like MEXC, LBank, BingX, and BitMart, TRUMP has struggled to secure listings on mainstream platforms.
When the team applied to list the token on Kraken in mid-May, they did not receive a response. Steven Steele, marketing director of TRUMP token, expressed frustration, stating that exchanges have refused to list TRUMP for ‘political reasons.’ This decision is seen as cowardice and out of touch with the current memecoin landscape.
In response to TRUMP’s difficulties, a jokey counterpart called TREMP recently launched on Kraken and HTX, along with other lesser-known exchanges. Despite initial interest from exchanges like ByBit and OKX, TRUMP was deemed ‘too political’ for listing due to potential risks associated with political meme coins.
TRUMP’s market performance has been impacted by the launch of DJT, another Trump-themed token that saw a 200% rally after reports of official support from Trump’s campaign. However, doubts regarding this connection have caused DJT to drop by 30%. TRUMP itself has experienced a 38% decrease, while TREMP is down by 45%.
Crypto trader GiganticRebirth raised questions about the relationship between DJT and Trump’s campaign, prompting further skepticism. Polymarket bettors are indicating a 16% chance that DJT is officially backed by Trump or his campaign.
Overall, the challenges faced by TRUMP in securing listings on major exchanges reflect broader concerns about the political nature of meme coins in the crypto market. Despite these setbacks, the TRUMP team remains committed to navigating the evolving memecoin landscape and engaging with potential listing opportunities in the future.