Key Details and Timeline
OKX has announced the listing of TRUMP (OFFICIAL TRUMP), the official meme coin endorsed by Donald Trump. Below is the schedule for trading activities:
- Deposits Open: January 19, 2025, at 11:00 AM (UTC+8)
- Call Auction Period: January 19, 2025, 12:00 PM – 1:00 PM (UTC+8)
- Spot Trading (TRUMP/USDT) Begins: January 19, 2025, at 1:00 PM (UTC+8)
- Withdrawals Open: January 19, 2025, at 5:00 PM (UTC+8)
Risk Control Rules for Spot Trading
To mitigate volatility risks during the initial trading phase, OKX implements the following safeguards for the first 5 minutes:
- Market Orders: Disabled.
- Limit Orders: Capped at $10,000 per order.
After 5 minutes, these restrictions are lifted.
Price Limit Mechanism
If an index price is available, the platform enforces dynamic price limits:
| Trading Phase | Buy Order Max Price | Sell Order Min Price |
|-----------------------------|---------------------------|---------------------------|
| First 10 minutes | Index × (1 + X) | Index × (1 - X) |
| After 10 minutes | Min[Max(Index, ...)] | Max[Min(Index, ...)] |
Parameters (X, Y, Z) adjust based on market conditions.
About the Call Auction Mechanism
OKX uses a 1-hour call auction to determine the opening price. Participants submit orders at desired prices, and the system calculates a reference price. Note:
- The project team’s suggested opening price (based on valuation) serves as a reference but doesn’t override auction-determined prices.
TRUMP Token Overview
- Full Name: OFFICIAL TRUMP
- Symbol: TRUMP
- Total Supply: 1,000,000,000
- Contract Address:
6p6xgHyF7AeE6TZkSmFsko444wqoP15icUSqi2jfGiPN - Track TRUMP Price: 👉 Live Price on OKX
FAQ
Q1: Why are market orders blocked initially?
A1: To prevent extreme volatility and protect traders from sudden price swings.
Q2: How is the call auction reference price calculated?
A2: It aggregates submitted orders to find a balanced opening price.
Q3: When can I withdraw TRUMP?
A3: Withdrawals unlock at 5:00 PM UTC+8 on January 19, 2025.
Q4: What’s the maximum limit order amount?
A4: $10,000 per order during the first 5 minutes.
Why Trade TRUMP on OKX?
OKX combines robust security with liquidity, making it a top choice for meme coin traders. 👉 Start Trading Now
Disclaimer: Trading cryptocurrencies involves risk. Conduct your own research before investing.
### Keywords:
- TRUMP meme coin
- OKX listing
- spot trading
- call auction
- price limits
- OFFICIAL TRUMP