CryptoQuant, a blockchain analytics platform, reported that Binance has captured $16 billion of the $38 billion total spot trading volume for $TRUMP. The announcement was made on their website on January 22.
According to CryptoQuant, $TRUMP is a meme coin launched on January 17, 2025, on the Solana blockchain. The token was introduced as a symbol for engagement with the ideals associated with Donald Trump. Its release included an initial supply of 200 million tokens.
Following the launch of $TRUMP, Melania Trump introduced her own cryptocurrency called $MELANIA. The coin gained value quickly after its release. Both tokens are part of a growing trend of branded cryptocurrency projects, according to Reuters.
According to their website, Binance is the world’s leading blockchain ecosystem and the largest digital asset exchange by trade volume. The platform processes an average daily volume of $65 billion and completed 300 billion spot transactions in 2022. Binance offers trading, blockchain education, research, venture capital, and a non-profit charity initiative.
CryptoQuant is a blockchain analytics platform providing on-chain and market data solutions for institutions and professional cryptocurrency investors. Its services include access to pre-built charts, APIs (Application Programming Interfaces), customizable analytics, and real-time alerts for crypto markets. It supports analysis of blockchain networks, tracks top entities, and offers tools for trading, risk management, and Web3 product insights.
