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.

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.

This article was written by Tareq Sikder at www.financemagnates.com.TrendingRead More

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