Exchanges are willing to list the Solana-based TREMP memecoin but not TRUMP, citing the latter as "too political." Solana price has been steadily rising, leading to increased interest in Solana-based tokens like TREMP. This trend highlights the growing popularity and potential of Solana in the cryptocurrency market. However, the political nature of TRUMP may be deterring exchanges from listing it, despite its connection to former President Donald Trump.
The team behind the TRUMP meme coin, unaffiliated with the former U.S. president, claims that their crypto token faces unfair obstacles, mirroring complaints of bias. Despite featuring a logo of Trump with laser eyes, TRUMP primarily trades on decentralized exchanges (DEXs) and a few smaller centralized exchanges such as MEXC, LBank, BingX, and BitMart.
Steven Steele, the marketing director for TRUMP, revealed to CoinDesk that their application to list the token on Kraken went unanswered. Other exchanges also declined to list TRUMP, deeming it "too political." Steele criticized these decisions as cowardly and out of touch with the current memecoin market.
PoliFi, short for political finance, is a niche for election-themed memecoins where token ownership reflects political allegiance and market performance indicates a candidate's election prospects. Despite Kraken's refusal to list TRUMP, its counterpart, TREMP, and Biden-themed BODEN are available on the platform.
ByBit and OKX also rejected listing TRUMP, citing potential political risks, even after initially setting volume targets for consideration. HTX, which lists TREMP, hasn't ruled out listing TRUMP and stated that each token undergoes a stringent evaluation process.
The TRUMP token has struggled in the market, particularly after the launch of DJT, another Trump-themed token rumored to have official backing. DJT saw a significant rally but later dropped as the alleged connection to Trump's campaign remained unverified. TRUMP and TREMP have both experienced substantial declines in value.
Crypto trader GiganticRebirth questioned DJT's legitimacy, challenging claims of its official support. Meanwhile, predictions on Polymarket indicate a low probability that DJT has Trump's backing.
