Robinhood has listed TRUMP, a Donald Trump’s meme coin on the Solana blockchain, for spot buying and selling. The token was buying and selling at $58.9, with a 43% enhance within the final 24 hours. This milestone highlights the rising acceptance of meme cash on mainstream platforms, sparking discussions about their function within the evolving cryptocurrency panorama.
Robinhood Publicizes TRUMP Coin Itemizing for Spot Buying and selling
On January 20, Robinhood announced on X its choice to record TRUMP, a meme coin constructed on the Solana blockchain. The itemizing highlights efforts to diversify cryptocurrency choices whereas staying forward of rising market developments.
The addition of the TRUMP token has generated pleasure inside the crypto neighborhood. This transfer brings the favored meme coin to 24 million customers, fostering better accessibility and engagement. Many see this as a daring step towards integrating culturally influential digital property into mainstream buying and selling platforms.
This choice displays the rising acceptance of meme cash, which are sometimes pushed by social developments and public figures. By embracing TRUMP, the platform reinforces its place as a forward-thinking participant within the aggressive cryptocurrency panorama, sparking discussions in regards to the evolving function of meme cash in funding portfolios.
Solana Meme Cash Face Community Congestion Amid TRUMP Frenzy
The launch of the TRUMP token has intensified community congestion on the Solana blockchain. Excessive demand for transactions associated to the token has brought about delays and failures, irritating customers throughout platforms like Phantom, Jupiter, and Raydium. The inflow of exercise has considerably diminished transaction success charges, hindering clean buying and selling and transfers.
This congestion has additionally affected centralized exchanges, with platforms like Binance, Robinhood, and Coinbase struggling to process Solana transactions effectively. The surge has sparked debates about Solana’s scalability, with neighborhood members suggesting that various blockchains might higher deal with such high-profile launches.
Can somebody please repair Solana
I purchased $300k $MELANIA
However now I can’t promote it
— Ash Crypto (@Ashcryptoreal) January 19, 2025
In response, builders and validators are collaborating on options to handle these challenges. Groups like Anza, previously a part of Solana Labs, are engaged on optimizing the community’s infrastructure to assist surges in exercise.
Robinhood’s Inventory Worth and Current SEC Settlement
Robinhood Markets (HOOD) inventory value closed at $48.15 on Friday, a 4.45% enhance from the day prior to this. It rallied greater than 23% final week, reflecting rising investor confidence.
Not too long ago, Robinhood faced legal challenges as the corporate agreed to pay $45 million to settle SEC prices involving securities violations by two of its broker-dealers. Regardless of these regulatory points, Robinhood’s strategic strikes, like itemizing TRUMP tokens, proceed to seize consideration and solidify its presence within the monetary ecosystem.
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