An exclusive dinner event has been organized by President Trump for holders of the controversial memecoin TRUMP token, which has garnered a lot of attention. After being introduced earlier this year, TRUMP’s price soared, going from less than $10 to more than $70 in just one day. But then things changed in the market, and the token’s value dropped to $7 as the crypto market as a whole sold off. Yet, the president’s announcement revived interest in the token, which caused a sudden flip in this declining trend. Exclusive Dinner Plans Ignite TRUMP Token Activity Over the weekend, TRUMP saw an impressive 80% uptrend, reaching approximately $16. This resurgence was accompanied by a substantial increase in on-chain transactions, as reported by market analysis firm Kaiko. On April 23, the team behind the TRUMP memecoin revealed plans for an exclusive dinner catering to the top 220 holders. Notably, the top 25 holders would have the unique opportunity to meet President Trump himself. Related Reading: Solana Forms Textbook Cup And Handle Pattern – Massive Breakout Ahead? The announcement triggered a flurry of activity, with nearly 10,000 wallets transferring TRUMP tokens on that day alone—a staggering 200% increase from the previous day. The trading volume surged to around $2.3 billion, marking it the busiest day of the month. Interestingly, most of this volume came from smaller holders, with wallets containing less than $100,000 worth of TRUMP tokens driving the activity. This shift was particularly evident as the share of wallets transferring smaller amounts of TRUMP surged from the usual 46% to 75% after the dinner announcement. Notably, transactions under $1,000 accounted for 47.2% of active wallets, indicating a significant influx of smaller investors. 37% Chance Bitcoin Will Hit $100,000 By Month-End The enthusiasm surrounding TRUMP was not limited to on-chain activity. The token recorded its highest daily trading volume on centralized exchanges (CEXs) since mid-February, eclipsing other major memecoins like Dogecoin (DOGE). In fact, the President’s official cryptocurrency accounted for nearly 50% of all memecoin trading volume on centralized exchanges last Wednesday. Per the report, while the initial excitement has tapered off, there is potential for renewed activity as the deadline for eligibility to the dinner approaches. The rules stipulate that only the top 220 average holders between April 23 and May 12 will qualify, likely fueling increased trading and movement of funds among holders. Related Reading: PEPE Rising Trendline Holds Firm: A Reliable Launchpad For Price Rally The recent surge of interest in memecoins like TRUMP occurs amid a broader bull run in the cryptocurrency market, characterized by Bitcoin’s resurgence. Bitcoin dominance has remained high, reminiscent of the first half of 2021 when the market began shifting toward smaller-cap assets, often referred to as “altcoin season.” However, the current market landscape suggests a different trajectory, with Bitcoin maintaining its stronghold. Options markets have indicated significant confidence in Bitcoin’s stability, particularly with a notable volume increase surrounding a $100,000 strike option set to expire on May 30. Current estimates suggest a 37% probability that Bitcoin will trade above $100,000 by the end of May, a promising outlook given its recent trading levels near $74,000. As of now, the memecoin trades at $14.29, retracing 1.1% in the 24 hour time frame. Featured image from DALL-E, chart from TradingView.com
"Hard to be bearish, in our view, on this asset with the current demand-supply dynamics," the Bernstein analysts said.
Digital assets are becoming an emerging safe haven amid concerns over the impact of U.S. tariffs, Head of Research James Butterfill said.
U.S. Peesident Donald Trump's memecoin has led to calls for impeachment and inflated its circulating supply in major unlocks. It's still defying gravity.
Crypto analyst Daniel has revealed that the Bitcoin price has confirmed its imminent breakout to $106,000. He explained how the technicals and fundamentals support this bullish prediction and currently align for this BTC rally to the $106,000 target. Analyst Predicts Bitcoin Price Breakout To $106,000 In a TradingView post, Daniel stated that the Bitcoin price now appears poised to reach the next significant resistance zone around $106,000, which also aligns with a big resistance level. The analyst noted that the market is now following through with a solid bullish impulse, pushing past intermediate resistance and confirming the continuation of the ascending channel structure. Related Reading: Bitcoin Price Bullish Confirmation: What Needs To Happen For Next Leg Up To $130,000 He further remarked that the Bitcoin price could reach this $106,000 target with buyers stepping in aggressively and the price respecting the bullish market structure. The flagship crypto has already displayed strong bullish momentum, having broken above $90,000 earlier this week and rallying to $95,000 for the first time in two months. Daniel noted that this breakout occurred after a well-defined double bottom formed around the major support zone near $74,000. He added that the inability to create a new low and the sharp rejection from that zone confirmed strong buyer presence and marked a clear exhaustion of sellers. Fundamentals Also Support This BTC Rally Daniel also explained that the fundamentals support this Bitcoin price rally to $106,000. He remarked that BTC is gaining strength due to several key macroeconomic shifts. These macro shifts include Donald Trump’s tariffs, which have brought about market uncertainty and led investors to seek alternatives outside the stock and bond markets. Related Reading: Bitcoin Price Recovery At Stake If This Level Doesn’t Hold, Crash Could Erase Gains The analyst highlighted the fact that the Bitcoin price has thrived during such periods of instability, with investors viewing it as a hedge against the dollar’s instability. He added that global central banks continue tightening monetary policy, increasing fears of a recession. With inflation and recession fears on the rise, investors look poised to diversify their assets into assets like BTC with limited supply. Daniel also affirmed that the deepening institutional interest is providing a strong foundation for the sustained Bitcoin price movement toward $106,000. He remarked that institutional adoption continues to climb, with spot market activity increasing and institutional funds seeing massive inflows. The analyst reiterated that the convergence of powerful technical patterns, particularly the confirmed breakout and continuation within the ascending channel, suggests a likely continuation of the upward momentum for the Bitcoin price. The strong macro and institutional adoption also supports a sustained bullish momentum for BTC. Daniel urged market participants to closely monitor confirmation signals, such as bullish volume surges, strong candle closures above the $90,000 breakout level, and continuation patterns forming on lower timeframes to validate the $106,000 target. At the time of writing, the Bitcoin price is trading at around $94,660, up in the last 24 hours, according to data from CoinMarketCap. Featured image from Pixabay, chart from Tradingview.com
You don’t need to be a big-name whale to make it a supposed dinner with Trump at his private, members-only Club in Washington, D.C.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The Donald Trump memecoin project has clarified the rules of its newly launched competition, which gives holders a chance to attend a private dinner with the US president. On April 23, the team behind the TRUMP token announced that the top 220 holders would receive invites to an exclusive dinner set for May 22. They […]
The post Trump memecoin team highlights $420 price for Dinner with the President, then it tripled appeared first on CryptoSlate.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The address holds nearly 1.2 million TRUMP worth around $14.5 million, the largest registered for the gala.
The event comes after $300 million worth of TRUMP were unlocked last week, increasing the token's supply.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Hopes of some sort of clear regulatory framework by June "may have been a bit optimisitic"
Senior Research Analyst Mark Palmer cited potential digital asset legislation in the U.S. as a catalyst for a new wave of crypto demand.
Trump Media & Technology Group (TMTG), the company behind Truth Social, is expanding into the digital assets and finance via crypto exchange-traded funds (ETFs). The company revealed on April 22 that it finalized its partnership with Crypto.com and Yorkville America Digital to launch a line of ETFs under the “Truth.Fi” brand. These ETFs aim to […]
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As the new chairman, Atkins takes over a commission already working toward friendly digital assets policies and hosting crypto roundtables.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The ETFs are expected to launch later this year, comprising various digital assets and securities with a "Made in America" focus.
Sentiment toward the asset class remains mixed but is showing "signs of recovery," Head of Research James Butterfill said.
Despite the price increase, the token is still down over 88% from its peak and investors have lost a total of $2 billion.
A total of 40 million tokens, or 4% of total supply, belonging to the creators and the company behind the project unlocked on Thursday.
The Cardano price may be preparing for a powerful rally toward $1.7, as new indicators suggest a potential recovery. A leading crypto analyst has identified multiple bullish catalysts that could drive ADA’s momentum and help propel the cryptocurrency to this bullish target. Institutional Interest To Fuel Cardano Price Recovery According to a recent technical analysis by a pseudonymous TradingView analyst, ‘Risk_Adj_Return,’ the Cardano price is suddenly showing signs of recovery after a period of sluggish performance. This seemingly bullish turnaround has sparked predictions of a potential surge to $1.7. Related Reading: Cardano Price Prediction: ADA Set To Crash To $0.4 After Correction To Liquidity Zone According to the analyst’s report, several factors have been fueling ADA’s recovery. Despite its downtrend, large spot purchases have been observed, hinting at growing interest from institutional investors. The analyst also mentioned that political developments from key figures, such as US President Donald Trump, could spark further bullish sentiment for Cardano. Although many of the present institutional buy-ins for Cardano have been followed by sell-offs, possibly from short-term traders, the sheer volume suggests that major players are closely watching the market. Part of this renewed institutional interest is attributed to the US Federal Reserve (FED) and broader macroeconomic signals. Investors may be hoping for a shift in monetary policy or clear signs of easing inflation in the upcoming FOMC meeting, as this could boost risk assets like ADA. Any alignment between the Cardano price action and the FED decision could become a significant catalyst for upside momentum. In his Cardano price chart, the TradingView analyst highlighted a bullish long trade setup on the 4-hour timeframe, utilizing the Heikin-Ashi candles. The trading strategy is supported by multiple take-profit levels, with the entry point marked near Cardano’s current price range. A clear stop loss has also been placed just below the local support to manage downside risks. The trade plan involves three key take-profit levels: $0.73, $0.96, and $1.21. These targets align with previous resistance zones, allowing traders to potentially lock in gains before ADA reaches its ultimate upside target of $1.74. ADA Breakout Unlikely Amid US Trade Tensions The Cardano price is showing signs of strength, according to a market expert, ‘AMCrypto’, who notes that it is holding firm at a critical ascending support trendline on the 4-hour chart. After a recent decline, ADA bounced off the trendline, maintaining the bullish structure of an Ascending Triangle. Related Reading: Cardano Price Could Be Set For 100% Rally As This Bullish Triangle Has Formed On The Daily Timeframe Currently trading around $0.61, Cardano still faces resistance at $0.67. A confirmed close above this threshold could signal a breakout, potentially propelling its price toward the $0.73 – $0.75 range. However, despite these bullish technicals, macroeconomic uncertainty remains a key obstacle to ADA’s breakout potential. The ongoing US-China trade war tensions continue to fuel market volatility, creating headwinds for a sustained rally. The current market decline and instability fueled by this trade war have also kept many investors on the sidelines as they await stability. Featured image from Pixabay, chart from Tradingview.com
The Shiba Inu price continues to attract the attention of analysts, who are watching for its next potential move. A recent report from Finder, based on the insights of 26 crypto industry experts, reveals a cautiously optimistic outlook for SHIB. Finder, a US-based information service, released a new quarterly report featuring price predictions for Shiba Inu in 2025. The report is based on a comprehensive survey conducted in January 2025, during which 26 crypto industry specialists shared their insights on Shiba Inu’s potential price by the end of 2025 and its projected performance through 2035. Diverging Opinions On SHIB Price In 2025 According to the panel, Shiba Inu is forecasted to reach an average price of $0.0000399 by year’s end, marking an 84.3% increase from its January starting point of about $0.00002165. For its long-term price projection, the panel predicts that the popular meme coin will see a steady rise in the following years, erasing one zero to reach $0.0001971 by 2030 and $0.0008543 by 2035. Related Reading: Bitcoin Analyst Says Shiba Inu Price Is Not Hitting $1 – Here’s Why Gracy Chen, the Chief Executive Officer (CEO) of Bitget, a crypto exchange, is among the most bullish voices among the panelists for the Shiba Inu price outlook. Chen cites SHIB’s positive technical indicators and recent support/resistance developments as signs of an ongoing bullish trend. She projects that the Shiba Inu price could hit a new target of $0.00006 by year-end. This represents 445.45%. Increase from the meme coin’s current market value of $0.000011. Similarly, Ruadhan O, founder of Seasonal Tokens, sees SHIB closing 2025 at $0.00005, though he warns of Dogecoin’s enduring dominance in the space. He believes that Dogecoin will most likely take the spotlight away from SHIB, making it unlikely for it to reach a new all-time high this year. Notably, not all panelists share the same bullish optimism for Shiba Inu. John Hawkins, a senior lecturer at the University of Canberra, projects that the price of SHIB will crash significantly, losing half of its value in 2025, falling to as low as $0.00001. His bearish prediction stems from the belief that meme coins could experience a similar decline to that of Non-Fungible Tokens (NFTs). Hawks points to broader macro trends like US President Donald Trump’s political influence and Bitcoin’s dominance as key barriers that would limit meme coins’ growth. Shiba Inu And Dogecoin Rivalry Continues Despite the majority of Finder’s panelists having significantly bullish projections for the Shiba Inu price, 79% of them agree that SHIB will never surpass Dogecoin in market capitalization. Sathvik Vishwanath, the CEO of Unocoin, believes SHIB’s substantial circulating supply currently and speculative nature limit its long-term bullish prospects. This is despite its rapidly evolving ecosystem, which includes innovative projects like ShibaSwap and the upcoming TREAT token. Related Reading: Shiba Inu Burn Update: 99.44% Daily Burn Crash Could Spell Trouble For Meme Coin When asked whether now is the right time to buy, sell, or hold SHIB tokens, the panel was divided: 57% recommended holding, 13% advised buying, and 30% suggested selling. In addition, opinions on Shiba Inu’s current valuation were mixed. 48% of the panel believed that SHIB was overpriced, while 44% stated that it was fairly priced. Ronen Cojocaru, the CEO of 8081 Inc., was among the most bullish panelists. He forecasted that SHIB could hit $0.00000743 by year-end, although he acknowledged that Shiba Inu is currently overpriced. Featured image from Pixabay, chart from Tradingview.com
A sharp plunge in the Philadelphia Fed manufacturing index coupled with rising prices added to U.S. stagflation fears amid the tariff war.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The crypto market is gearing up for an important event this Thursday: the unlocking of a large portion of the TRUMP memecoin launched by President Donald Trump just before his second inauguration earlier this year. The upcoming release will allow early investors and insiders to sell their holdings for the first time. Trump Memecoin’s Price Journey Initially launched on January 17, the memecoin debuted with 200 million tokens. This week, an additional 40 million coins tied to groups affiliated with the President will be released, bringing the total number of outstanding tokens to 1 billion within three years. The initial launch saw the token’s market value skyrocket to approximately $14 billion just two days after its release, only to face a dramatic decline, losing nearly 90% of its value, according to CoinGecko data. The trading volume for the token has been substantial, raising questions about potential conflicts of interest and the future trajectory of its price as more tokens enter circulation. Related Reading: Solana Retests Bearish Breakout Zone – $65 Target Still In Play? Dylan Bane, an enterprise research analyst at Messari, noted, “Once tokens are unlocked, sometimes there are dumps. Teams are less likely to do that, but we just don’t know their intent. Obviously, they don’t want negative press.” According to the coin’s website, CIC Digital, an affiliate of The Trump Organization, alongside Fight Fight Fight, controls 80% of the tokens subject to the unlocking schedule. However, a representative from CIC Digital did not respond to inquiries from Bloomberg regarding their intentions for the upcoming unlock. Boosting Family’s Crypto Portfolio To Nearly $1 Billion While an immediate price drop is possible, recent trends indicate that the Trump memecoin’s value has actually increased by nearly 3% over the past week, in line with broader trends in the cryptocurrency market. Edward Chin, co-founder of Parataxis, remarked, “If they are working with proper market makers, the unlocks may be less important in the short-term. Over the longer term, the additional supply will weigh on price action, either pushing it lower or preventing it from rising significantly as new demand enters.” Related Reading: Could 1,000 XRP Buy You Happiness? This Analyst Thinks So In recent months, Trump and his family have made strides across various sectors of the cryptocurrency industry, including non-fungible tokens (NFTs), a decentralized finance project, a proposed stablecoin, and a new Bitcoin mining company called American Bitcoin. The first lady, Melania Trump, has also launched her own memecoin, MELANIA, contributing to the family’s growing portfolio, which is now approaching $1 billion in paper gains. Currently trading at $7.83, the memecoin is down 30% on a monthly basis and over 15% in the past two weeks, despite its recent slight rebound in line with the broader market trend. Featured image from DALL-E, chart from TradingView.com
The recent study argued Bitcoin mining in the U.S. significantly contributes to cross-state air pollution, impacting 1.9 million Americans.
The Bitcoin price appears to be moving in lockstep with a bullish prediction made by a crypto analyst earlier this month. According to the analyst’s forecast, Bitcoin is set to break out to a new all-time high above $120,000 following the announcement of a temporary tariff pause by United States (US) President Donald Trump. $120,000 Bitcoin Price Forecast In Motion Kaduna, a crypto analyst on X (formerly Twitter), has released a follow-up analysis on his previous bullish prediction of Bitcoin, highlighting that it is playing out as expected. On April 11, the analyst predicted that Bitcoin was preparing for a massive push above $120,000. Related Reading: Trump’s Tariff Pause Could Push Bitcoin Price Above $100,000, Pundit Reveals Exit Point He outlined a thesis that the 90-day suspension of President Trump’s Tariffs would act as a powerful macroeconomic catalyst for Bitcoin. Kaduna argued that the market may start “frontrunning” about a month early, culminating in a mini bull market during a 55-day “exit window” between April 3 and June 3 2025. Accompanying this bullish analysis was a detailed chart comparing Bitcoin’s price movements through candlesticks with a blue overlay, believed to represent a macroeconomic indicator such as global M2. The blue line in the chart projects a steady climb during this window, offering a clear visual target above $120,000. Kaduna had stated that if his prediction played out, he would exit most positions by the end of the window. Just days after his bullish forecast, Bitcoin has begun mirroring the projected path. Kaduna revealed in a follow-up candlestick chart that Bitcoin is breaking above the local resistance at $84,000 with strong volume support, aligning with the predicted overlay. This early strength suggests that the frontrunning behaviour the crypto expert projected earlier is now playing out in real time. The blue line suggests a potential move toward the $120,000 – $125,000 range over the next month and a half, setting a clear upside target if momentum continues. Bitcoin’s price action is also unfolding right on cue within the 55-day window, validating the analyst’s bullish thesis. Both the overlay and Bitcoin’s prices are trending upwards, signaling that the market is indeed reacting to the macroeconomic tariff catalyst. If this trajectory holds, it would mark a significant validation of the analyst’s macro-technical analysis approach. Update On The Bitcoin Price Action Following its crash below $80,000, the Bitcoin price seems to be on a path to recovery. CoinMarketCap’s data reveals that Bitcoin is currently trading at $83,395, marking a significant 7.16% increase over the past week. Related Reading: Bitcoin Price Forms This Bullish Pennant On Daily Chart That Could Trigger Rise To $137,000 The cryptocurrency had broken the resistance level at $84,000 earlier this week. However, it retraced sold gains and is now trading at its present market value. Given its fluctuating price and unstable market, crypto analysts like Tony Severino have revealed that he is neither bullish nor bearish on Bitcoin. Instead, he seems to be taking a wait-and-see approach, closely monitoring how the market responds to ongoing volatility driven by the US Trade war and tariff implementation. Featured image from Adobe Stock, chart from Tradingview.com
World Liberty Financial (WLFI), a DeFi initiative linked to US President Donald Trump, has secured a $25 million investment from DWF Labs as it expands internationally. On April 16, the crypto market maker revealed that it acquired $25 million worth of WLFI’s governance tokens as part of its expansion into the US market. According to […]
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The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.