When it comes to trading memecoins, time is money — and waiting on a centralized exchange (CEX) could cost you both. Take $TRUMP, for example. On Jan. 17, 2025, just before his inauguration, Donald Trump launched his memecoin on Solana, which surged past a $14.5 billion peak market cap on decentralized exchanges (DEXs) like Raydium and Orca within little more than 24 hours, making it the second largest memecoin behind Dogecoin at one point.
By the time the major CEXs listed $TRUMP a day or two later — having cleared the usual bureaucratic rigmarole — the action was over. As such, for speculators, DEXs aren’t just faster; they’re more liquid, more volatile and frankly, more fun. In a market where fortunes are made in minutes if not milliseconds, waiting for a CEX to catch up is a missed opportunity.
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Author: Leah Callon-Butler