Will this memecoin finally break out, or are high-risk altcoins hiding in the background?
Trump Coin ETF Secures DTCC Listing
By Ishika Kumari | Edited by Renuka Tahelyani
Key Takeaways
What is the SEC’s view on memecoins like Trump Coin? Regulators currently see memecoins as commodities, not securities. This difference could improve the chances of future ETF approval.
What is the current trading outlook for Trump Coin? Trump Coin traded around the $7.50 mark. It showed a slight rise of 0.1% over 24 hours but had mild losses for the week. Technical indicators signal mixed momentum.
The official Trump Coin (TRUMP) has caught attention again after Canary Capital’s proposed Trump Coin ETF (TRPC) appeared on the DTCC listing platform. This signals a potential move toward bringing memecoins into traditional financial markets.
If approved, the ETF would let institutional and retail investors invest in Trump Coin without holding the token directly, which would improve liquidity and allow more market participation.
Observers note that classifying memecoins as commodities might make the proposal’s regulatory journey easier, but formal approval is still pending. The review process includes multiple feedback rounds from regulators and market participants, usually taking several months before a final decision is made.
Market performance and trader sentiment
At press time, Trump Coin was close to $7.56, registering a 0.1% daily increase but down 2.2% for the week. Technical indicators like the Relative Strength Index (RSI) suggest that bears still have near-term control, though momentum could change if key support levels hold.
Despite some short-term caution, some traders on social media remain optimistic, highlighting a bullish falling wedge pattern forming on the charts. Many think the $7.3–$7.6 range could be the final accumulation area before a possible breakout.
A deeper pullback to the $6.3 level might provide appealing entry points for risk-tolerant investors, with speculative targets suggesting a potential upside of 70-80% if momentum picks up.
Memecoins under the microscope
As enthusiasm around politically themed tokens grows, analysts remind us that these assets are still highly speculative and volatile. They often respond more to sentiment than to fundamentals.
Trump Coin, like many other high-beta altcoins, has experienced periods of extreme leverage and quick liquidations. This highlights the need for careful risk management.
However, with the Canary Capital ETF proposal now under formal review, Trump Coin’s shift from meme status to Wall Street discussion marks another step in crypto’s ongoing integration with traditional finance.
Bottom Line: The Trump Coin ETF proposal could change how people view memecoins, bridging the gap between digital speculation and institutional investment. While we await more regulatory clarity, the listing shows that the distance between meme culture and mainstream finance is closing rapidly.
