Just four days after its launch, TRUMP has become one of the most actively traded coins on both centralized and decentralized exchanges. With its high liquidity and trading volume, it has positioned itself at the forefront of the market, riding the wave of controversy and memecoin frenzy that has engulfed the crypto industry.
Centralized exchanges, the liquidity powerhouses for TRUMP
TRUMP has established a strong position on centralized exchanges, especially Binance. Thanks to the exchange’s popularity and ease of access, the TRUMP/USDT trading pair has become the third largest market by volume. In the past 24 hours, this pair recorded a staggering trading volume of $3.11 billion, accounting for more than 9% of Binance’s total activity. This is no small feat, especially considering the dominance of Bitcoin pairs like BTC/USDT and BTC/FUSD.
Spot markets on Binance
| # | Mint | Couple | Price | Spread | +2% Depth | -2% Depth | 24 hour volume | Volume% |
|---|---|---|---|---|---|---|---|---|
| 1 | Bitcoin | BTC/FDUSD | $104,884 | 0.02% | $7,354,256 | $7,309,560 | $4,295,024,880 | 13.05% |
| 2 | Bitcoin | BTC/USDT | $105,002 | 0.01% | $18,743,946 | $16,556,980 | $3,716,523,983 | 11.29% |
| 3 | Official Trump | TRUMP/USDT | $41.89 | 0.02% | $3,398,908 | $2,783,969 | $3,182,733,823 | 9.67% |
| 4 | USDC | USDC/USDT | $0.9993 | 0.02% | $67,174,976 | $69,943,077 | $2,166,704,864 | 6.58% |
| 5 | Dogecoin | DOGE/USDT | $0.3642 | 0.01% | $4,862,941 | $5,513,991 | $1,569,533,994 | 4.77% |
Data from CoinMarketCap showed that the TRUMP/USDT pair has a high liquidity score of 753, making it one of the deeper markets for traders. Liquidity, measured as the ability to execute large trades with minimal price impact, is critical to any asset. This score allows traders to enter and exit positions quickly, as there is enough depth to avoid large price drops. This is especially important given TRUMP’s price volatility, which had a daily range of $35.10 to $48.33.
Other centralized exchanges also saw high TRUMP trading activity. Bybit’s TRUMP/USDT pair registered $734 million in 24-hour volume, while OKX followed closely with $1.27 billion. Although Coinbase lagged in volume, it still managed to raise a significant $262 million.
TRUMP markets on CEXs
| # | Stock exchange | Couple | Price | +2% Depth | -2% Depth | Volume (24 hours) |
|---|---|---|---|---|---|---|
| 1 | Binance | TRUMP/USDT | $41.23 | $2,568,185 | $4,221,125 | $3,111,811,929 |
| 2 | Binance | TRUMP/USDC | $41.26 | $657,763 | $703,201 | $266,295,962 |
| 3 | Bite | TRUMP/USDT | $41.39 | $404,707 | $441,133 | $734,040,401 |
| 4 | Coinbase exchange | TRUMP/USD | $41.27 | $497,527 | $555,746 | $262,561,595 |
| 5 | OKX | TRUMP/USDT | $41.23 | $1,037,301 | $1,316,932 | $1,278,445,578 |
Decentralized exchanges, an increasing challenger in terms of volume
While centralized exchanges appear to be gaining more attention, TRUMP has dominated activity on decentralized platforms, most notably Solana-based Meteora and Raydium.
TRUMP markets on DEXs
| # | Stock exchange | Couple | Price | Volume (24 hours) | Liquidity score |
|---|---|---|---|---|---|
| 1 | Meteora VD | TRUMP/USDC | $42.16 | $412,628,583 | 852 |
| 2 | Raydium (CLMM) | TRUMP/SOL | $41.61 | $531,658,687 | 670 |
| 3 | Raydium (CPMM) | TRUMP/SOL | $41.73 | $51,362,794 | 615 |
| 4 | Orca | TRUMP/USDC | $41.85 | $177,799,794 | 542 |
| 5 | Raydium | TRUMP/SOL | $41.99 | $12,518,161 | 435 |
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. This makes Meteora one of the most liquid markets for TRUMP.
The TRUMP/SOL pair on Raydium is another important market, with a daily volume of $435.9 million and a Fee/TVL ratio of 4.96%. This metric indicates a very active trading environment, with fees generating almost five percent of the liquidity in the pool. Although its liquidity score of 670 is lower than that of Meteora’s TRUMP/USDC pair, Raydium’s activity demonstrates the power of the Solana ecosystem in facilitating high-frequency trading with SOL pairs.
TRUMP couples have also taken over most of Meteora’s activity. TRUMP and MELANIA pairs account for five of Meteora’s top 10 trading pairs, showing that the exchange has been taken over by a speculative boom surrounding the controversial memecoins. For example, the Melania/USDC pair on Meteora has a Fee/TVL ratio as high as 57.51%, reflecting extremely high turnover despite lower liquidity compared to TRUMP.
Markets at Meteora
| # | Currency | Couple | Price USD | 24 hours Change | 24 hours Txns | 24 hour volume | Liquidity |
|---|---|---|---|---|---|---|---|
| 1 | OFFICIAL ASSEMBLY | TRUMP/SOL | $41.70 | ↑ 9.75% | 66,356 | $154,616,927.42 | $2,567,151.83 |
| 2 | Official Musk meme | MUSK/SOL | $0.1705 | ↓ 32.89% | 65,277 | $121,740.12 | $48,471.82 |
| 3 | Solana | SOL/USDC | $253.37 | ↑5.78% | 54,236 | $125,501,649.62 | $1,727,724.14 |
| 4 | OFFICIAL ASSEMBLY | TRUMP/SOL | $41.62 | ↑ 9.70% | 41,773 | $165,098,976.66 | $8,607,089.35 |
| 5 | Solana | SOL/USDC | $253.08 | ↑ 6.11% | 41,327 | $3,728,722.70 | $296,165.48 |
| 6 | Official Melania meme | MELANIA/SOL | $3.92 | ↓ 7.81% | 34,797 | $42,891,832.19 | $2,565,248.35 |
| 7 | Solana | SOL/USDC | $253.25 | ↑5.66% | 34,584 | $4,095,137.59 | $246,651.57 |
| 8 | OFFICIAL ASSEMBLY | TRUMP/USDC | $42.07 | ↑ 10.25% | 34,254 | $520,667,907.17 | $718,025,470.87 |
| 9 | OFFICIAL ASSEMBLY | TRUMP/SOL | $41.53 | ↑ 9.10% | 27,893 | $37,321,534.26 | $388,240.19 |
| 10 | Solana | SOL/USDC | $253.83 | ↑5.76% | 27,841 | $11,909,068.08 | $620,288.86 |
TRUMP’s performance on centralized and decentralized exchanges highlights two key trends. First, centralized exchanges like Binance remain liquidity powerhouses, offering stability and high trading volumes that cater to institutional and high-net-worth traders. Secondly, decentralized exchanges are rapidly closing this gap, with platforms like Meteora offering liquidity scores and trading environments that match or even exceed their centralized counterparts.
The coin’s speculative appeal is clearly visible in both ecosystems. High trading volumes and price volatility on centralized exchanges attract short-term traders looking for quick profits. On decentralized platforms, the emergence of high-turnover pairs such as TRUMP/USDC and TRUMP/SOL indicates strong activity from users who prefer the risky and profitable trading environment of DEXs.
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