Four days after its launch, TRUMP has quickly become one of the most popularly traded coins on both centralized and decentralized exchanges. Its high liquidity and trading volume have positioned it as a frontrunner in the market, capitalizing on the controversy and memecoin craze that has engulfed the cryptocurrency industry.
Centralized exchanges, known for their liquidity, have been powerhouses for TRUMP, especially on Binance. The TRUMP/USDT trading pair on Binance has emerged as the third-largest market by volume, with a remarkable $3.11 billion in trading volume in the last 24 hours. This accounts for over 9% of Binance’s total activity, showcasing TRUMP’s significant presence in the market.
Data from CoinMarketCap reveals that the TRUMP/USDT pair boasts a high liquidity score of 753, making it one of the deeper markets for traders. This liquidity score ensures that traders can easily enter and exit positions without major price slippage, crucial for any asset, especially one as volatile as TRUMP.
Other centralized exchanges like Bybit and OKX have also seen substantial TRUMP trading activity, with Bybit’s TRUMP/USDT pair recording $734 million in 24-hour volume and OKX closely following with $1.27 billion. Even Coinbase, while trailing in volume, still captured a significant $262 million in TRUMP trading.
Decentralized exchanges, on the other hand, have seen a rise in TRUMP trading activity, particularly on platforms like Meteora and Raydium. The TRUMP/USDC pair on Meteora stands out with $589.9 million in 24-hour volume and a liquidity score of 852, surpassing Binance’s liquidity for the same asset.
TRUMP’s performance across both centralized and decentralized exchanges underscores two key trends in the market. Centralized exchanges like Binance offer stability and high trading volumes catering to institutional and high-net-worth traders, while decentralized exchanges are quickly catching up, providing liquidity scores and trading environments that rival their centralized counterparts.
The coin’s speculative appeal is evident across both ecosystems, with high trading volumes and price volatility on centralized exchanges attracting short-term traders seeking quick gains, while decentralized platforms like Meteora witness strong activity from users who prefer the high-risk, high-reward trading environment of DEXs.
In conclusion, TRUMP’s trading volume has made a mark on both CEXs and DEXs, showcasing its strong presence and appeal in the cryptocurrency market.
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