Robinhood has added TRUMP, a Donald Trump-themed meme coin on the Solana blockchain, to its spot buying and selling platform. The token is at the moment priced at $58.9, reflecting a 43% enhance prior to now 24 hours.
This milestone marks the rising acceptance of meme cash on mainstream platforms, sparking discussions inside the cryptocurrency neighborhood about their function within the evolving market. The transfer highlights the continued rise of meme cash as a authentic asset class.
Robinhood Announces TRUMP Coin Listing for Spot Trading
On January 20, Robinhood announced on X its determination 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 determination 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 concerning the evolving function of meme cash in funding portfolios.
Solana Meme Coins Face Network Congestion Amid TRUMP Frenzy
The launch of the TRUMP token has intensified community congestion on the Solana blockchain. High 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 could higher deal with such high-profile launches.
Can somebody please repair Solana
I purchased $300k $MELANIA
But now I can’t promote it
— Ash Crypto (@Ashcryptoreal) January 19, 2025
In response, builders and validators are collaborating on options to deal with these challenges. Teams like Anza, previously a part of Solana Labs, are engaged on optimizing the community’s infrastructure to assist surges in exercise.
Robinhood’s Stock Price and Recent SEC Settlement
Robinhood Markets HOOD stock price closed at $48.15 on Friday, a 4.45% enhance from the day gone by. It rallied greater than 23% final week, reflecting rising investor confidence.
Recently, 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. Despite these regulatory points, Robinhood’s strategic strikes, like itemizing TRUMP tokens, proceed to seize consideration and solidify its presence within the monetary ecosystem.
Coingape Staff
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