Polymarket currently predicts a 95% chance that Donald Trump would pardon the Silk Road creator in his first week in office.
Dogecoin traders have lost over $65 million in 24 hours amid the largest liquidation event in this year so far. This development came as the DOGE price crashed violently after climbing to as high as $0.43 on Sunday. Dogecoin Traders Lose Over $60 Million In 24 Hours Coinglass data shows that Dogecoin traders have lost over $65 million in the last 24 hours. Traders who went long on DOGE suffered the most, with $54.81 million in long positions liquidated during this period. Short traders accounted for the remaining loss, with $7.90 in short positions liquidated. Related Reading: Dogecoin ‘Power Of 3’ Pattern Enters Distribution Phase: Massive Bull Run Incoming? These short liquidations likely occurred earlier on Sunday, when the Dogecoin price reclaimed the $0.40 support level and rebounded to as high as $0.43. However, the price action took a drastic turn later in the day, crashing from the intra-day high of around $0.43 to as low as $0.35, leading to the flush in long positions. Dogecoin traders weren’t the only ones who suffered significant losses. Other crypto traders lost substantial sums as the crypto market witnessed its largest liquidation event this year, with over $1 billion liquidated in the last 24 hours, according to Coinglass data. Long traders took the most hit, with $903.59 million in long positions liquidated. Meanwhile, $260 million in short positions were liquidated. These liquidations occurred as the Bitcoin price dropped from as high as $106,000 to $100,000, dragging other coins, including Dogecoin, along with it. This price drop across the board occurred mainly due to the US First Lady Melania Trump’s launch of her meme coin, ‘MELANIA,’ which drained liquidity from other coins in the market. Dogecoin traders were also bound to take a significant hit considering DOGE’s strong price correlation with BTC. As such, a Dogecoin price crash was inevitable as the flagship crypto nosedived to as low as $100,000. The Cycle Is Not Over Crypto analyst Kevin Capital provided optimism for Dogecoin traders, stating that the cycle is not over. The analyst also reminded those upset at Donald Trump and his team about the ‘TRUMP’ and ‘MELANIA’ meme coins that Dogecoin could easily have remained at $0.11 if the incoming president had not won the elections instead of Kamala Harris. Related Reading: Crypto Analyst Predicts When Dogecoin Price Will Hit $3 This Cycle As such, he urged Dogecoin investors and traders to be grateful for how far DOGE has come since November 5th, 2024, when Trump won the elections. Indeed, Trump’s victory was the primary catalyst for Dogecoin’s gains last year. The foremost meme coin had maintained a tepid price action for most of last year until Elon Musk’s Department of Government Efficiency (D.O.G.E), coined from DOGE, looked likely to come to life as Trump led the polls. At the time of writing, the Dogecoin price is trading at around $0.36, down over 8% in the last 24 hours, according to data from CoinMarketCap. Featured image from Unsplash, chart from Tradingview.com
The project acquired $47 million worth of ether and $47 million worth of wrapped bitcoin, among other tokens, on Trump’s first day in office.
President Donald Trump has elevated Republican Commissioner Mark Uyeda to take over the SEC from a now-departed Gary Gensler.
Donald Trump did not mention crypto during his inauguration speech, leaving crypto traders' heightened expectations somewhat unfulfilled.
The Republican commissioner and former Citibank executive has a deep background in crypto and has worked on digital assets policy aims at the agency.
Donald Trump’s pro-crypto stance has cooked up a storm in the crypto market. Ever since he won the presidential election, the market has been raging like a wild bull. Bitcoin is soaring towards $110K as rumors of a strategic Bitcoin reserve are heating up. From what we gather, at least eight US states have proposed maintaining a Bitcoin reserve: Texas, Pennsylvania, Ohio, New Hampshire, North Dakota, Wyoming, Massachusetts, and Oklahoma. The idea stems from Trump’s crypto-friendly approach and promises to make the US the ‘crypto capital of the world.’ At the center of the ‘Bitcoin reserve’ idea is Senator Cynthia Lummis, a Wyoming Republican. Lummis believes a Bitcoin reserve can ‘supercharge the US dollar’s position’ and make the US a leader in the crypto space. The idea is already in motion with the new ‘Bitcoin Act,’ which empowers the US Department of Treasury to hold a decentralized network of secure Bitcoin vaults. If the idea does go through, the crypto market is all set to see another boom. Of course, you would not want to miss out on the upcoming rally. Although Bitcoin itself can be a smart investment choice, here are six meme coins that can potentially make you a millionaire in 2025. 1. Wall Street Pepe ($WEPE) – Overall Best Meme Coin for First-Time Investors Wall Street Pepe ($WEPE) aims to do the unthinkable, which is to abolish the unfair dominance of crypto whales. It plans to do so by creating a ‘Frog Army’ of retail crypto traders and investors and providing them with critical and unique market insights, alpha trading calls and signals, and trading strategies. $WEPE’s unique mission has evidently resonated with the masses, seeing as its presale has grown into one of the hottest crypto presales in 2025. With over $53M in presale funding so far, Wall Street Pepe has managed to raise an average of 1M+ every single day. What’s more, it shows no signs of slowing down. The final countdown has started, and the presale is set to come to an end in 25 days. This means that the current price of $0.0003665 per $WEPE offers the best entry point for early investors. If you’re interested in this potential 100x token, check out our guide on how to buy $WEPE for more information. 2. Solaxy ($SOLX) – Solana’s Layer-2 Solution Breathes New Life Into the Network Solaxy ($SOLX) is the first-ever Layer-2 solution on the Solana network, offering a wealth of benefits to improve its overall quality. It promises to eliminate network downtime and bottlenecks, ensure that transactions will be executed even when there’s a lot of traffic, and enable effortless scaling. In addition to being tailor-made for high-volume trading, Solaxy is also a token that operates equally well on both Ethereum and Solana, which is set to amplify its appeal. Speaking of $SOLX’s appeal, it’s been on full display ever since its presale launched on December 12, 2024. It has so far raised over $12.4M, and with Solana ETFs set to launch in the near future, it’s been touted as the next multi-bagger token by experts and retailers alike. If you want to join the bandwagon, head over to Solaxy’s official website and grab $SOLX tokens for just $0.001608 each. Early adopters can also benefit from Solaxy’s 304% staking rewards. 3. Mind of Pepe ($MIND) – Cutting-Edge AI Crypto Project MIND of Pepe ($MIND) borrows the OG Pepe meme’s personality, but under the hood, it’s every bit as unique as a human being’s fingerprints. It’s an AI agent that scours online platforms like X, imbibes what people are saying, and uses hive-mind analysis to generate potentially profitable crypto investment ideas. MIND of Pepe’s presale has been extremely successful, having already raised over $2.6M so far. Currently available at a price of $0.0031635 per token, $MIND is a meme coin that may 100x in the near future. Another massive benefit of being an early $MIND investor is its mind-boggling 772% staking rewards, which will only decrease as time passes, so hurry up! 4. OFFICIAL TRUMP ($TRUMP) – Official Hype Coin of the President of the United States Donald Trump’s own crypto, $TRUMP, has been breathing fire ever since its launch just a couple of days ago. Soon after Trump launched the coin on TruthSocial, it skyrocketed over 12,000% overnight. On Sunday, the Solana-hosted meme coin reached a market cap of $9.36B, with the price hovering around $46. Within the next few hours, the price climbed further to reach a massive market cap of $15B. This made $TRUMP the 18th biggest cryptocurrency at the time. The current market cap sits at around $9.75B at a price of $48.8. Inspired by the appointment of the pro-crypto Trump as POTUS, the crypto market was already in a frenzy, and $TRUMP, which is admittedly more hype than logic, is benefitting from positive market sentiment, offering interested investors a risky but potentially lucrative opportunity. Right now, only 20% of the total supply has been made available for trading. The remaining 80% of the reserves are held by CIC Digital LLC (Trump’s business affiliate) and Fight Fight Fight LLC. 5. Official Melania Meme ($MELANIA) – Meme Coin of the First Lady of the US Following the footsteps of Donald Trump, Melania Trump, the First Lady of the US, also launched her own meme coin, $MELANIA. Like $TRUMP, $MELANIA is also hosted on the Solana blockchain. Soon after launch, the coin started trading around $11.22 with a market cap of $2.15B. Currently, the token is hovering around $7.7, having seen a sharp decline from its highs. So, should you buy $TRUMP or $MELANIA? Although the sample size is small as of now, $TRUMP has had a way better response from crypto enthusiasts. In comparison, $MELANIA has had a sedate start, with no real surge in value. Also, $TRUMP is a direct reflection of Trump’s popularity and policy making. The prices are expected to surge once Trump introduces crypto-friendly legislation. Plus, $TRUMP’s price seemed to have cooled down from the initial frenzy, meaning it may be a good entry point for long-term investors. 6. XRP ($XRP) – Meme Coin with the Potential to Outperform Ethereum Ever since the US elections in November, Ripple’s $XRP has been in a massive rally upward, increasing almost 500% – from $0.5444 to $3.2733. With XRP’s price holding strong, experts believe it can soon surpass Ethereum in valuation. Even on the technical front, $XRP seems to have broken out of a bullish flag pattern, which is a strong indication of a continuing uptrend. Technical analysts believe the coin’s price can peak in the $20s. Plus, there has been a significant 81% increase in ‘whale activity’ in $XRP during the last week. Although it can’t be confirmed if this activity is related to buying or selling, there are reasons to believe whales are building a long position in the coin. The $XRP buzz is further fueled by Ripple’s strategic moves. CEO Brad Garlinghouse revealed that Ripple is in talks to accelerate deal-making and work toward tokenization in association with several startups. The company plans to acquire crypto custody forms and stablecoin businesses to gain an edge in the crypto market. All these suggest that $XRP can be a sound investment choice. Verdict The above-mentioned meme coins offer some of the most lucrative investment opportunities in 2025. However, we urge you not to consider our opinions as financial advice. Kindly do your own research (DYOR) and only invest an amount you’re comfortable losing.
The buying frenzy came after WLFI token sales picked up ahead of Donald Trump's inauguration.
Capital flowing out of existing memecoins spurred TRUMP's rise, now the money is going the other way.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Gambaryan has been recommended for several high profile crypto crime fighting roles by people associated with the Bitcoin 2024 event in Nashville, which Donald Trump attended.
Michael Saylor, CEO of MicroStrategy, and key executives from Marathon Digital, a prominent Bitcoin mining firm, have engaged with representatives of President-elect Donald Trump’s incoming administration. The meeting, held during a reception hosted by Vice President JD Vance, signals potential movement in Bitcoin policy under the new administration. While details of the discussions remain private, […]
The post Michael Saylor, Marathon meet with Trump team aligning with possible Bitcoin reserve appeared first on CryptoSlate.
World Liberty Financial (WLFI), a DeFi platform associated with Donald Trump, is seeing a sudden surge in demand for its token pre-sale. The project initially sought to raise $300 million during its token sale but scaled back its target to $30 million after facing fundraising challenges. However, on Jan. 20, WLFI confirmed that it successfully […]
The post World Liberty Financial opens up more tokens for sale amid soaring demand appeared first on CryptoSlate.
The euphoria around the inauguration of US President-elect Donald Trump drove the massive $2.2 billion in inflows to crypto ETPs last week.
Last week’s inflows and positive price action propelled total assets under management at the funds to an all-time high of $171 billion.
The token introduction is a big positive for crypto builders in the U.S. following the Biden administration's crackdown on digital assets, the report said.
The Solana blockchain faced severe congestion over the weekend as interest in Donald Trump and Melania Trump-themed memecoins surged. This unexpected spike overwhelmed the network, causing delays and failed transactions across various platforms. Solana congestion Prominent Solana-based services, including Phantom, Jito, and Jupiter, alongside centralized exchanges such as Coinbase and Binance, struggled to cope with […]
The post Solana infrastructure tested by unexpected Donald Trump memecoin traffic appeared first on CryptoSlate.
Establishing a bitcoin strategic reserve and commuting the sentence of Ross Ulbricht are among Trump's potential day one executive orders.
Bitcoin takes its cues from US President-elect Donald Trump’s inauguration, with new BTC price all-time highs joining a crypto volatility frenzy.
An indicator called the cumulative volume delta shows traders are either shorting perpetual futures or closing long positions.
Bitcoin briefly surged above $109,000 on Jan. 20, breaking its previous high above $108,000 recorded in mid-December 2024.
The TRUMP memecoin achieved a fully diluted valuation of more than $73 billion after launching on the Solana blockchain late Friday.
World Liberty Financial completed its initial sale of tokens at 1.5 cents each and has now released more, hiking the price to 5 cents.
The Trump crypto business World Liberty Financial has bought up millions worth of Ether in the past day as the token has slightly strengthened against Bitcoin.
Bitcoin rallied as positive sentiment continues with Trump set to take office on Monday and having launched his memecoin.
The Official Trump (TRUMP) memecoin saw its price rebound to $61 after Robinhood announced the token’s listing on the exchange.
Trump-backed World Liberty Financial said it has sold 20% of its token supply and decided to open up an additional 5% of supply for sales.
Melania Trump's memecoin launched after Donald Trump's official TRUMP token reached a $15 billion market cap before falling nearly 40%.
Many crypto influencers and financial analysts have characterized the TRUMP memecoin launch as a new era for capital formation.
The launch of Donald Trump’s official memecoin on Solana has not only boosted the cryptocurrency’s price and trading volume, but also perceived odds of a SOL ETF.