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Robinhood and eToro Embrace Trump-Themed Meme Coins on Solana

Tuesday, 21/01/2025 | 09:47 GMT by Tareq Sikder
  • eToro adds $TRUMP token to its experimental category, excluding the UAE, Germany, and the USA.
  • Robinhood's TRUMP is priced at $58.9, reflecting a 43% increase in the first 24 hours.
Liberation Day Photo: Shutterstock

Robinhood has listed a Donald Trump-themed meme coin, named TRUMP, on its spot trading platform. This token operates on the Solana blockchain. The current price of TRUMP is $58.9, marking a 43% increase in the past 24 hours.

Meanwhile eToro has added Official Trump ($TRUMP) to its experimental category. This token was launched two days before the 47th US President’s inauguration. However, $TRUMP is currently unavailable for users in the UAE, Germany, and the USA.

Robinhood Adds TRUMP, Sparks Crypto Debate

The inclusion of TRUMP on Robinhood signals a growing acceptance of meme coins in mainstream trading. This development has sparked discussions within the crypto community regarding the role of such tokens in the evolving market. Robinhood announced this addition on January 20, aiming to diversify its cryptocurrency offerings.

TRUMP Launch Causes Solana Blockchain Congestion

The launch of TRUMP has led to increased activity on the Solana blockchain , causing significant network congestion. Many users have experienced delays and transaction failures. This congestion has also impacted centralized exchanges like Binance, Robinhood, and Coinbase, raising concerns about Solana’s scalability .

Developers and validators are actively working to address these issues. Teams like Anza are focusing on improving the network's infrastructure to better manage such high levels of activity.

Trump Introduces $TRUMP Coin, Market Reacts

Donald Trump has increased his involvement in the cryptocurrency space ahead of his January 20 inauguration by launching a memecoin, $TRUMP. Finance Magnates reported that the coin’s price quickly surged from a few cents to $14, sparking mixed reactions among traders and analysts regarding its legitimacy and impact on the crypto industry.

Trump made the announcement via his official Truth Social and X accounts, confirming the coin’s connection to him. The launch was described as a symbolic gesture reflecting his ideals and leadership, though the coin's official site clarifies it is not intended as a financial instrument.

Robinhood has listed a Donald Trump-themed meme coin, named TRUMP, on its spot trading platform. This token operates on the Solana blockchain. The current price of TRUMP is $58.9, marking a 43% increase in the past 24 hours.

Meanwhile eToro has added Official Trump ($TRUMP) to its experimental category. This token was launched two days before the 47th US President’s inauguration. However, $TRUMP is currently unavailable for users in the UAE, Germany, and the USA.

Robinhood Adds TRUMP, Sparks Crypto Debate

The inclusion of TRUMP on Robinhood signals a growing acceptance of meme coins in mainstream trading. This development has sparked discussions within the crypto community regarding the role of such tokens in the evolving market. Robinhood announced this addition on January 20, aiming to diversify its cryptocurrency offerings.

TRUMP Launch Causes Solana Blockchain Congestion

The launch of TRUMP has led to increased activity on the Solana blockchain , causing significant network congestion. Many users have experienced delays and transaction failures. This congestion has also impacted centralized exchanges like Binance, Robinhood, and Coinbase, raising concerns about Solana’s scalability .

Developers and validators are actively working to address these issues. Teams like Anza are focusing on improving the network's infrastructure to better manage such high levels of activity.

Trump Introduces $TRUMP Coin, Market Reacts

Donald Trump has increased his involvement in the cryptocurrency space ahead of his January 20 inauguration by launching a memecoin, $TRUMP. Finance Magnates reported that the coin’s price quickly surged from a few cents to $14, sparking mixed reactions among traders and analysts regarding its legitimacy and impact on the crypto industry.

Trump made the announcement via his official Truth Social and X accounts, confirming the coin’s connection to him. The launch was described as a symbolic gesture reflecting his ideals and leadership, though the coin's official site clarifies it is not intended as a financial instrument.

Topics
robinhood
meme tokens
crypto
cryptocurrency
etoro
About the Author: Tareq Sikder
Tareq Sikder
  • 1989 Articles
  • 32 Followers
About the Author: Tareq Sikder
A Forex technical analyst and writer who has been engaged in financial writing for 12 years.
  • 1989 Articles
  • 32 Followers

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    Mind The Gap: Can Retail Investors Save the UK Stock Market?

    As the dire state of listing and investment in the UK goes from a financial services problem to a national challenge, the retail investing industry is taken to task. Join a host of executives and experts for a candid conversation about the future of millions of Brits, as seen from a financial services standpoint: -Are they happy with the Leeds Reform, in principle and in practice? -Is it the government’s job to affect the ‘saver’ mentality? Is it doing well? -What can brokers and fintechs do to spur UK investment? -How can the FCA balance greater flexibility with consumer protection? Speakers: -Adam Button, Chief Currency Analyst at investingLive -Nicola Higgs, Partner at Latham & Watkins -Dan Lane, Investment Content Lead at Robinhood UK -Jack Crone, PR & Public Affairs Lead at IG -David Belle, Founder at Fink Money #fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #RetailInvesting #UKFinance Connect with us at: 🔗 LinkedIn: / financemagnates-events 👍 Facebook: / financemagnatesevents 📸 Instagram: / fmevents_official 🐦 Twitter: / f_m_events 🎥 TikTok: / fmevents_official

    As the dire state of listing and investment in the UK goes from a financial services problem to a national challenge, the retail investing industry is taken to task. Join a host of executives and experts for a candid conversation about the future of millions of Brits, as seen from a financial services standpoint: -Are they happy with the Leeds Reform, in principle and in practice? -Is it the government’s job to affect the ‘saver’ mentality? Is it doing well? -What can brokers and fintechs do to spur UK investment? -How can the FCA balance greater flexibility with consumer protection? Speakers: -Adam Button, Chief Currency Analyst at investingLive -Nicola Higgs, Partner at Latham & Watkins -Dan Lane, Investment Content Lead at Robinhood UK -Jack Crone, PR & Public Affairs Lead at IG -David Belle, Founder at Fink Money #fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #RetailInvesting #UKFinance Connect with us at: 🔗 LinkedIn: / financemagnates-events 👍 Facebook: / financemagnatesevents 📸 Instagram: / fmevents_official 🐦 Twitter: / f_m_events 🎥 TikTok: / fmevents_official

    As the dire state of listing and investment in the UK goes from a financial services problem to a national challenge, the retail investing industry is taken to task. Join a host of executives and experts for a candid conversation about the future of millions of Brits, as seen from a financial services standpoint: -Are they happy with the Leeds Reform, in principle and in practice? -Is it the government’s job to affect the ‘saver’ mentality? Is it doing well? -What can brokers and fintechs do to spur UK investment? -How can the FCA balance greater flexibility with consumer protection? Speakers: -Adam Button, Chief Currency Analyst at investingLive -Nicola Higgs, Partner at Latham & Watkins -Dan Lane, Investment Content Lead at Robinhood UK -Jack Crone, PR & Public Affairs Lead at IG -David Belle, Founder at Fink Money #fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #RetailInvesting #UKFinance Connect with us at: 🔗 LinkedIn: / financemagnates-events 👍 Facebook: / financemagnatesevents 📸 Instagram: / fmevents_official 🐦 Twitter: / f_m_events 🎥 TikTok: / fmevents_official

    As the dire state of listing and investment in the UK goes from a financial services problem to a national challenge, the retail investing industry is taken to task. Join a host of executives and experts for a candid conversation about the future of millions of Brits, as seen from a financial services standpoint: -Are they happy with the Leeds Reform, in principle and in practice? -Is it the government’s job to affect the ‘saver’ mentality? Is it doing well? -What can brokers and fintechs do to spur UK investment? -How can the FCA balance greater flexibility with consumer protection? Speakers: -Adam Button, Chief Currency Analyst at investingLive -Nicola Higgs, Partner at Latham & Watkins -Dan Lane, Investment Content Lead at Robinhood UK -Jack Crone, PR & Public Affairs Lead at IG -David Belle, Founder at Fink Money #fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #RetailInvesting #UKFinance Connect with us at: 🔗 LinkedIn: / financemagnates-events 👍 Facebook: / financemagnatesevents 📸 Instagram: / fmevents_official 🐦 Twitter: / f_m_events 🎥 TikTok: / fmevents_official

    As the dire state of listing and investment in the UK goes from a financial services problem to a national challenge, the retail investing industry is taken to task. Join a host of executives and experts for a candid conversation about the future of millions of Brits, as seen from a financial services standpoint: -Are they happy with the Leeds Reform, in principle and in practice? -Is it the government’s job to affect the ‘saver’ mentality? Is it doing well? -What can brokers and fintechs do to spur UK investment? -How can the FCA balance greater flexibility with consumer protection? Speakers: -Adam Button, Chief Currency Analyst at investingLive -Nicola Higgs, Partner at Latham & Watkins -Dan Lane, Investment Content Lead at Robinhood UK -Jack Crone, PR & Public Affairs Lead at IG -David Belle, Founder at Fink Money #fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #RetailInvesting #UKFinance Connect with us at: 🔗 LinkedIn: / financemagnates-events 👍 Facebook: / financemagnatesevents 📸 Instagram: / fmevents_official 🐦 Twitter: / f_m_events 🎥 TikTok: / fmevents_official

    As the dire state of listing and investment in the UK goes from a financial services problem to a national challenge, the retail investing industry is taken to task. Join a host of executives and experts for a candid conversation about the future of millions of Brits, as seen from a financial services standpoint: -Are they happy with the Leeds Reform, in principle and in practice? -Is it the government’s job to affect the ‘saver’ mentality? Is it doing well? -What can brokers and fintechs do to spur UK investment? -How can the FCA balance greater flexibility with consumer protection? Speakers: -Adam Button, Chief Currency Analyst at investingLive -Nicola Higgs, Partner at Latham & Watkins -Dan Lane, Investment Content Lead at Robinhood UK -Jack Crone, PR & Public Affairs Lead at IG -David Belle, Founder at Fink Money #fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #RetailInvesting #UKFinance Connect with us at: 🔗 LinkedIn: / financemagnates-events 👍 Facebook: / financemagnatesevents 📸 Instagram: / fmevents_official 🐦 Twitter: / f_m_events 🎥 TikTok: / fmevents_official
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