Eric Trump, son of U.S. President Donald Trump said on X that it feels like a great time to enter BTC.
Eric Trump, son of U.S. President Donald Trump said on X that it feels like a great time to enter BTC.
In the short-term, the crypto market will be negatively impacted by increased volatility in global trade, says ML Tech’s Leo Mindyuk. But over time, crypto will be less impacted than traditional finance.
After receiving a considerable backlash in the market recently, US President Donald Trump’s meme coin found an unlikely ally: Ark Investment’s CEO Cathie Wood. Related Reading: Crypto Traders Wrecked As Trump’s Tariffs Spark $2 Billion Liquidation In an interview with Bloomberg, Cathie Wood boldly claimed that launching Trump’s meme coin is good for the industry and signals a paradigm shift. Wood claimed its launch was a “meme coin moment” and would help the crypto industry establish its claim as a legitimate digital asset. She further compared Trump’s meme coin launch to the initial coin offerings (ICO) campaigns for 2017. During this period, thousands of crypto projects raised huge amounts, paving the way for creating popular projects like Chainlink, the EOS network, and Ethereum. TRUMP Meme Coin: Relying On A ‘Meme-Only’ Utility President Donald Trump surprised the broader crypto market by launching his official cryptocurrency on the Solana blockchain last January 17th. As expected, the TRUMP token surged immediately after listing and gained plenty of attention when Trump officially took office. Then, the token hit an all-time high of $77 days after its debut in the market. However, the TRUMP token failed to sustain its impressive price surge and soon dropped massively. The token is currently trading at around $17, putting into question the asset’s use cases. According to Cathie Wood, the only confirmed use case for this meme coin is its connection with the current US president. Still A No-Buy For Cathie Wood Interestingly, Wood issued a few statements about the Trump coin in January. Just days after the coin’s launch, Wood said the project lacked a real-world use case and that she’s staying away from meme coins. Today, Wood sings a different tune and sees potential value for the TRUMP coin. In the same Bloomberg interview, she shared one rumor that holders will be allowed to meet President Trump. However, Wood’s statement remains unconfirmed and just pure speculation. Related Reading: Trump Effect? Solana Stablecoin Supply Jumps 73% Since Mid-January Wood, Ark Investment Focused On Top Cryptos Although Wood appreciated the role of the TRUMP token in ushering in a new era for crypto, she insisted that she would not invest in meme coins. She added that her company has generally avoided meme coins for their lack of use cases. Instead, Ark Investment is focused on the top cryptocurrencies like Bitcoin. In addition to Bitcoin, Wood is looking at Solana and Ethereum for their role in DeFi projects and smart contracts, which will have plenty of use cases in the future. Featured image from Protos, chart from TradingView
The move came after U.S. President Donald Trump's new 10% tariffs on China came into effect.
Remember the TRUMP meme coin that soared to over $5 billion market value immediately after President Donald Trump took his oath? Well, it’s currently on a downtrend. It’s trading slightly above $17, down nearly 18% from its previous day’s close. The token’s latest price action came when President Trump took matters into his own hands and shared a post about the token on Truth Social. Related Reading: Crypto Traders Wrecked As Trump’s Tariffs Spark $2 Billion Liquidation On its weekly chart, TRUMP is down 35% and 70% from its all-time high, suggesting a bleak outlook for its holders and investors. It’s Going Down For TRUMP Holders The broader crypto industry is in the red right now, led by Bitcoin, which has dropped to $95k. Other cryptocurrencies are suffering in the current market, but the $TRUMP token gets special mention for its unique circumstances. It was reported that the token’s crash happened right after the President shared a post on his Truth Social account. Also, his administration has been fending off criticisms after announcing the new tariff policy. Immediately after the post went public, TRUMP’s price dipped by more than 13%, dropping below $20. The token enjoyed a huge run two weeks ago, hitting an all-time high of $73.43. Also, data suggests that trading volume for the asset has increased by 65%, valued at $3.4 billion, as holders move to sell. TRUMP Is Highly Volatile, Holders Contemplate Next Move After hitting a low of $18.75, the token made a few gains to trade above $21. However, it is back at the $17 level, suggesting that it’s currently highly volatile and testing the patience of most traders and holders. According to Coinglass’ derivatives data, TRUMP’s open interest has decreased by over 13% to $720 million, while 24-hour liquidations have increased to over $15 million, with long liquidations totaling $11 million. For many experienced traders, the token’s brief dip below $20 is a buying opportunity. Captain Faibik, a popular crypto analyst, has joined the conversations suggesting to “buy the dip.” According to Faibik, the token’s falling wedge is still active, and he expects a strong recovery from it. Buying the $TRUMP dip! Falling wedge is still in play, expecting a strong bounce back..#Crypto #TRUMP #TRUMPUSDT pic.twitter.com/s1juQeskgY — Captain Faibik ???? (@CryptoFaibik) February 2, 2025 Related Reading: Bitcoin Bull Market At Risk If Key $97,000 Support Level Fails To Hold, Analyst Warns A Trump Pump And A Possible Bounce Back? In crypto, the falling wedge often indicates a potential price breakout. Many $TRUMP holders are using this chart to argue that a surge for this token is happening soon. Crypto expert Edward Morra also shared his thoughts, saying that the token has recovered from the $20 level and predicted it’s now on the way up. He admitted that $TRUMP went deeper than expected, but he shared that he bought the dip and is now looking at its bullish potential. Over at Truth Social, President Trump shared a post in support of his token, an obvious ploy on marketing. However, many observers criticized this move from the president, saying that the “pump” may soon lead to a “dump”. Featured image from Pexels, chart from TradingView
TRUMP was issued a couple of days before Trump’s swearing-in ceremony on Jan.20 as the first-ever memecoin officially endorsed by a sitting president.
The Bitcoin price sank by more than 13.5% over the weekend, dropping as low as $91,201 on Binance. The sell-off followed US President Donald Trump’s announcement of new trade tariffs. The administration levied a 25% tariff on most imports from Canada and Mexico, added a 10% tax on Chinese goods, and imposed a 10% tariff on Canadian energy resources. While market observers typically view such aggressive moves as a negative for risk assets, one prominent voice at Bitwise Invest sees a wildly different scenario, predicting that these tariffs could fuel a “violent” long-term rally in Bitcoin. Why Tariffs May Supercharge Bitcoin Jeff Park, Head of Alpha Strategies at Bitwise Invest, argues that these tariffs cannot be understood simply as a response to trade imbalances but should be viewed against the broader backdrop of the so-called Triffin dilemma. In Park’s words, “The US wants to keep its ability to borrow cheaply, but rid its structural overvaluation and constant trade deficits—enter tariffs.” Related Reading: Bitcoin Price Is Trading In This Bearish Flag — What’s The Downside Target? He suggests that, by using tariffs as a bargaining chip, the White House is looking to create a new multi-lateral agreement—akin to a “Plaza Accord 2.0”—aimed at weakening the US dollar. This would potentially oblige foreign governments to reduce their US dollar reserves or to hold longer-duration Treasuries, thereby keeping yields low without officially enacting yield curve control. Park also ties this strategy to the president’s personal incentives. He believes Trump’s “#1 goal” is to drive down the 10-year Treasury yield, in part because cheaper long-term financing would benefit real estate markets. According to Park, such a push for lower yields dovetails with a deliberate move to weaken the dollar—two conditions that, in his view, create a perfect environment for Bitcoin to flourish. “The asset to own therefore is Bitcoin. In a world of weaker dollar and weaker US rates, something broken pundits will tell you is impossible (because they can’t model statecraft), risk assets in the US will fly through the roof beyond your wildest imagination, for it is likely a giant tax cut will have to accompany the higher costs borne by the loss of comparative advantage,” Park writes. His thesis is that the “online and onchain” nature of today’s economy will funnel frustrated citizens across the globe toward alternative stores of value—namely Bitcoin. He believes both sides of any prolonged tariff war will discover that BTC offers a refuge from the fallout, leading to what he describes as a much higher price trajectory. Related Reading: Analyst Explains Bitcoin’s Path To $150,000 – Details “So while both sides of the trade imbalance equation will want Bitcoin for two different reasons, the end result is the same: higher, violently faster—for we are at war. TLDR: You simply have not yet grasped how amazing a sustained tariff war is going to be for Bitcoin in the long run,” Park claims. Tariffs As A Risk Asset Drag Not all analysts share Park’s optimism. Alex Krüger, an economist and trader from Argentina, disagrees with the notion that tariffs of this magnitude inherently favor Bitcoin. He warned that “Bitcoin is mainly a risk asset.” He added: Tariffs this aggressive are very negative for risk assets. And the economy will take a hit. The tariffs announced are considerably worse than what was expected by the market, as gradual tariffs or delayed implementation were seen as alternatives. So the S&P futures will open deeply in the red tonight and flush.” In Krüger’s view, Bitcoin remains a high-beta asset often correlated with equity markets. When a major macro shock—like a sudden hike in tariffs—hits, investors typically rotate into safe havens rather than riskier holdings such as stocks or cryptocurrencies. He pointed out that the sell-off in crypto over the weekend might be explained by the market reacting to an “unexpectedly harsh” tariff announcement. “The hope for crypto is that it has already dropped a lot in anticipation,” Krüger observed, hinting that digital assets may find a local bottom if the initial shock has been fully absorbed. However, he emphasized the persistent uncertainty ahead, including the possibility of retaliation by targeted nations. A swift resolution to the trade dispute could trigger a bounce, whereas an escalation could deepen market jitters. Krüger also cautioned that the Federal Reserve might turn hawkish if tariffs stoke inflation—an outcome that rarely bodes well for high-growth or risk-prone assets. Still, he hasn’t ruled out fresh all-time highs in equities later this year: “I still don’t think the cycle top is in, and expect equity indices to print ATHs later in the year. But the probability of being wrong has increased. Particularly on the latter. As I said a week ago, I’ve taken my long-term hat off. This is a traders’ market.” At press time, BTC traded at $94,000. Featured image created with DALL.E, chart from TradingView.com
Renewed trade war, coupled with mass deportations, could add to inflation. BTC's weakness likely reflects those fears.
An unprecedented stablecoin supply of 73% has occurred on the Solana blockchain since the middle of January. A new initiative that has captured the attention of the crypto community, the $TRUMP memecoin, was launched at the same time as this spike. Related Reading: Ethereum Price Spikes 5% In A Day—Will the Rally Continue? Solana has been a significant actor in the crypto space for a long time; however, the release of this memecoin has sparked new interest, propelling the network’s stablecoin ecosystem to new heights. TRUMP Token Drives Significant Stablecoin Supply Increase Its launch spurred activity on Solana’s distributed markets and further investments into the network. More stablecoins are now available thanks to the rise of money entering the market, therefore enhancing Solana’s significance as a key blockchain for distributed finance. Its debut attracted new investments to the network and increased activity on Solana’s decentralized markets. The increase in money flowing into the market has led to more stablecoins being available, boosting Solana’s role as an important blockchain for decentralized finance. After Donald Trump launched his memecoin, $TRUMP, on Solana, the network saw a spike in money inflows, leading to record [decentralized exchange] trade activity, according to CCData. CCData reports that Solana has overtaken BNB Chain as the third-largest blockchain network in terms of stablecoin supply. It continues to fall behind Tron and Ethereum. SOLANA STABLECOIN SUPPLY SKYROCKETS 73% -WHAT’S DRIVING IT? Solana just hit $11.1B in stablecoin supply, jumping 73% since mid-Jan. Big catalyst? Trump’s memecoin ($TRUMP) triggering insane capital inflows + record DEX trading. Now Solana’s the #3 blockchain for stablecoins,… pic.twitter.com/9WAow0sKFd — IBC Group Official (@ibcgroupio) January 31, 2025 USD Coin Dominates Solana Stablecoin Market USD Coin (USDC) continues to be the most prevalent stablecoin asset in Solana, accounting for an impressive 78% of the network’s total stablecoin supply. The token’s widespread adoption across decentralized applications (dApps) and Solana’s ongoing relationship with Circle are both distinct indications of USDC’s dominance. In contrast, USDT, representing merely 12% of the stablecoin supply on Solana, bags the second place. This dynamic illustrates the impact of USDC’s preeminence on Solana’s stablecoin market, notwithstanding the sporadic appearance of alternative currencies like USDt. Solana’s Recent User Growth In addition to having an effect on Solana’s stablecoin market, the excitement around the $TRUMP token has significantly increased the number of on-chain users. Hundreds of thousands of new users have joined the Solana network in an attempt to join the $TRUMP frenzy. Related Reading: Dogecoin Open Interest Climbs To $4 Billion Again After Market Rebound This spike in activity has given the blockchain fresh life and led to higher transaction volumes and user engagement on Solana’s decentralized markets. $TRUMP is a perfect example of how novelty tokens can encourage new adoption, and it is clear that the memecoin movement is helping Solana’s general growth. Featured image from SolanaFloor, chart from TradingView
The hot ball of money moved around, leaving the total crypto market cap listless, Mirai Labs' Garrison Yang told CoinDesk.
Ondo (ONDO) has seen a 10% surge in the last 24 hours, reclaiming key levels and attempting to break out of its downtrend while most of the market continues moving sideways. Some analysts suggest that the new crypto-friendly administration could propel the token’s price to a new all-time high (ATH). Related Reading: $30 Million Hack Alert? Crypto Exchange Phemex Suspends Withdrawals After Suspicious Transactions ONDO Targets Rally To New ATH On Friday, tokenized real-world asset (RWA) platform Ondo Finance saw its native token lead the crypto market with its 11% daily surge. The cryptocurrency surged past the $1.50 mark for the second time this week, reigniting investors’ sentiment about the token. Over the past three months, the token has registered a 120% jump, climbing from the $0.60 mark to its current price range. Moreover, the post-election rally propelled the cryptocurrency to its latest ATH of $2.14, fueled by Donald Trump’s DeFi project’s buying spree. In December, Trump’s World Liberty Financial (WLF) went on a crypto buying spree worth $45 million, acquiring millions in Ethereum (ETH), Chainlink (LINK), Aave (AAVE), and other tokens. Halfway through the month, WLF purchased 134,216 ONDO tokens for 250,000 USDC, propelling ONDO’s price above the $2 mark. Nonetheless, the cryptocurrency’s bullish momentum was halted after the December 19 market correction, which saw ONDO retrace to $1 in the following days. Since then, ONDO has been unable to reclaim the $1.60 resistance level, hovering between the $1.09 and $1.45 price range for most of the month. Crypto trader Miky Bull noted the token’s bullish performance as it attempted to break out from its downtrend today. The crypto has been in a one-month downtrend since hitting its latest ATH, with an attempted breakout at the start of the year. Today, the token is attempting another breakout, currently holding above the downtrend line. Per the post, the “king of RWA”’s breakout could target the $2-$3 price range. However, the cryptocurrency needs to remain above the $1.30 level to confirm the break. Additionally, ONDO should hold near the $1.50 mark to continue its bullish trajectory toward the $1.60 resistance. New Pro-Crypto Administration To Fuel American Tokens? Market watcher Detoshi pointed out that ONDO has recovered a key level after its recent performance, which could support a rally toward a new ATH. According to the post, the token has reclaimed its previous ATH level, which was a crucial resistance before the December pump and significant support during the smaller market corrections. Meanwhile, Altcoin Sherpa also highlighted ONDO’s performance, stating that the cryptocurrency’s chart is “looking strong,” adding that it was a “good beneficiary of a pro-crypto administration.” Similarly, Analyst Ted Pillows suggested that investors should “keep an eye on Trump and his wallet,” which includes ONDO, as these tokens are expected to perform well during the next leg up. Related Reading: Solana (SOL) To $300 This Month? ‘All Bets Are Off’ Once It Reclaims This Level Notably, a “Made in the USA” category was created on platforms like CoinGecko and CoinMarketCap for Trump’s inauguration. This category includes ONDO, TRUMP, SUI, and other big players like Solana (SOL), Cardano (ADA), and XRP. Crypto leaders and investors anticipate that these tokens might be the “next big narrative,” fueled by the new US industry-friendly government and the expected end of the “regulation by enforcement” approach led by the previous administration. As of this writing, ONDO trades at $1.51, a 20% increase in the weekly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
While Circle's USDC led stablecoin growth on Solana, other issuers also expanded their stablecoins to the network recently, one analyst noted.
US lawmaker Senator Elizabeth Warren has intensified her advocacy for responsible government spending and stricter crypto regulations. The senator outlined her vision for efficient federal operations in two separate letters and raised concerns over crypto-related ethical dilemmas. DOGE recommendations On Jan. 23, Warren wrote to Elon Musk, the head of the Department of Government Efficiency […]
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Senator Warren and a member of the House commerce panel are pressing for a review of Trump's effort to make "extraordinary profits off his presidency."
A surprising twist within the crypto market has seen TRUMP token trading volume surpass XRP, with a massive price correction. This behavior of the market in a very unpredictable manner points to the fact that the crypto space is quite unpredictable and that speculative tokens often see tremendous trading activity swings, even as their prices plummet. The trading volume surge by the TRUMP token is more interesting in this scenario of high volatility and uncertainty. Related Reading: Brains Not Working? Ethereum Foundation Under Fire For Repeated ETH Sell-Offs Speculation Fuels TRUMP Token’s Rally Despite its sharp decline in price (down 16% in the last 24 hours), the TRUMP token managed to outdo XRP in trading volume. The rally in trading activity in TRUMP’s token has piqued the interest of the entire cryptocurrency community, with speculation pointing towards a very strong reaction of traders to the token, probably fueled by its political branding or hype around its speculative nature. Donald Trump, the 47th president of the United States, launched the meme coin Official Trump (TRUMP), which is based in Solana, over the weekend. Its price immediately reached highs close to $80, indicating that it was a huge success at launch. At the time of writing, TRUMP was trading at $35.69, with a 24-hour trading volume surpassing XRP’s. In particular, according to CoinMarketCap data, the meme coin has experienced $8.7 billion in trade activity, compared to XRP’s $8.3 billion. Since its inception on January 17, TRUMP has experienced an incredible $38 billion in trade activity, according to CryptoQuant data released on Wednesday. Notably, big sell-offs as momentum cools are probably the cause of the recent price’s sustained high trading volume. According to Dexscreener data, sale volume has recently surpassed buy volume. Meanwhile, XRP keeps growing steadily, while holding the number one spot of the top-ranked digital assets on the market. A short-term jump in trading volumes of the TRUMP token indicated a new shift in interest into tokens that bring more volatility and rewarding trading dynamics. XRP Standing Strong Although the TRUMP token managed to take a trading volume lead over XRP temporarily, it’s not easily replaced in the long run because of its years-long presence in the market. XRP, being an old cryptocurrency, has attracted followers and institutional investment and, thus, is relatively stable in the market. Related Reading: Bitcoin Could Surge To $1.7 Million, According To CryptoQuant And Glassnode The TRUMP token is, on the other hand, a recently introduced and relatively speculative asset whose trading volume peak may prove transitory and reliant on the whim of speculative traders rather than being based on sustainable investment. The contrast between the two tokens—one propelled by excitement and the other by solid fundamentals—illuminates the divergent forces at work in the cryptocurrency market. Although XRP may be more resilient, the TRUMP coin is presently experiencing a brief period of excitement and even controversy, which highlights the market’s unpredictable nature and the factors that influence trading activity. Featured image from Gearbest, chart from TradingView
After some volatile days, Solana (SOL) has broken out of a three-day downtrend, fueling inventors’ bullish sentiment for its short-term performance. A crypto analyst suggested that SOL might be preparing to surpass $300 soon if a key level is reclaimed. Related Reading: Number Of New Trump-Themed Malicious Tokens Spike 206% After Official Memecoin Launch Solana Holds Despite Volatility Solana, the fifth-largest crypto by market capitalization, has performed remarkably over the last week, fueled by US President Donald Trump’s token launch. Last Friday, President Trump launched his official memecoin, TRUMP, on the Solana network after months of speculation and fake launches. The launch kickstarted a three-day crypto market frenzy that propelled TRUMP to an all-time high (ATH) of $75 and a market capitalization of $15 billion. Amid the frenzy, Solana jumped 25% in 24 hours, hitting $270 before climbing another 9.5% to its new ATH of $295.83. Moreover, Solana’s Total Value Locked (TVL) surpassed its 2021 record of $10.02 billion and hit $12.1 billion on Sunday, DeFiLlama data shows. Analyst Rekt Capital noted that Solana needed a weekly close above $250 followed by a possible retest to confirm its breakout from the re-accumulation range. However, the second launch of a Trump-related memecoin sent SOL’s price 12% down, closing the week at $241. On Sunday afternoon, Us First Lady Melania Trump announced her official memecoin, MELANIA, on social media. The token received heavy backlash from the community, and the crypto market saw a 6.6% correction in a few hours, with Bitcoin dipping below momentarily $100,000. Despite the correction, SOL held above the weekend breakout levels, hovering between the $230 to $270 price range over the last three days but failing to hold above $260 for most of this period. SOL Preparing For Jump To $300 On Wednesday, Solana’s price saw a 10% surge to $264 before retracing. Crypto analyst Jelle highlighted that the “SOL hourly chart just looks like it wants another stab at $300 this month.” The analyst pointed out that the cryptocurrency had broken out of its three-day “Post-trump shitcoin launch downtrend,” while indicators like moving averages were “back to bullish.” The post also noted that SOL’s recent performance was trying to reclaim November highs. According to Jelle, the cryptocurrency displays bullish momentum and is “on the edge of entering price discovery” like BTC. He also noted that Solana has turned its previous high against its Ethereum (ETH) trading pair into support. As a result, reclaiming the $260 range could propel SOL’s price to new highs. “Reclaim $264, and all bets are off,” he stated. Similarly, Nebraskangooner shared a positive outlook for Solana, noting that it is “consolidating right at all-time highs… no reason to think this doesn’t melt up from here.” Related Reading: Analyst Says Bitcoin Is Entering Second ‘Price Discovery Uptrend’, What’s Ahead For BTC? Analyst Byzantine General suggested there could be “a bit more chop because we are at OI resistance, but it might have already bottomed out,” but concluded that Solana “looks pretty good” in the short term. As of this writing, SOL is trading at $255, a 2.5% increase in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
Just four short days after its launch, TRUMP has become one of the most actively traded coins across both centralized and decentralized exchanges. With its high liquidity and trading volume, it has positioned itself at the forefront of the market, banking on the controversy and memecoin frenzy that has swept the crypto industry. Centralized exchanges, […]
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Trump-supporting crypto professionals have been particularly scathing about the family's recent meme coin projects.
The ranking Democrat on the House Oversight Committee is asking for a probe into Trump's financial conflicts of interest he said are "proliferating wildly."
Ever since Donald Trump’s appointment as US President, the crypto market has been making merry. Bitcoin crossed the $100,000 mark and made a high of $109,000. As of now, the OG crypto coin is 550% from the cycle lows in November 2002, when it plummeted to $15,500. Well, Bitcoin could potentially climb to $1M by the end of 2025. No, we’re not joking! During the 2015-2018 cycle, the coin was also up by almost the same percentage as it is now in the current cycle. And during the 2018-2022 cycle, the price was up by 1,300% during the same stage. Now, if we take cues from the 2015-2018 cycle, Bitcoin can end up 1,110% higher from its lows by the end of March 2025. The price is expected to peak around October, when it may stand at 11,000% higher at around $1.7M. With Bitcoin’s potential rally comes a near-certainty that the rest of the crypto industry (meme coins included) will follow suit. And that’s where Flockerz shines through, as this Vote-to-Earn project aims to innovate the industry with its community-centric approach. Trump Administration to Bitcoin and Crypto Industry? If you need another perspective, consider the Trump effect. Donald Trump is expected to be the most pro-crypto president the US has ever seen. He has promised several legal reforms to strengthen the crypto market. During his first term, when he was not all that pro-crypto, Bitcoin gained 20x. And now, when the winds have changed, investors only expect a 10x move from Bitcoin to reach $1M, as reported by Coindesk. Just days before his swearing-in ceremony, Trump launched his own meme coin, $TRUMP. It quickly became the 18th largest cryptocurrency in the world when it hit a market cap of $15B at a price of around $75. Similarly, the first lady, Melania Trump also followed suit and launched $MELANIA. Although these coins brought in decent returns for investors, the SEC is not too impressed and may ring in several regulatory restrictions. The launch of individual-based cryptocurrencies opens the door for manipulation and scams and can dent the investor’s belief in the crypto markets. As per SEC, popular meme coins like these can ‘blur the lines between celebrity, politics, and finance’ and lead to a lot of volatility and fraud. There have already been signs of that. As per Bubblemaps, 90% of the $MELANIA token supply was found to be in a single wallet. The official website of the meme coin claims that only 35% of the tokens have been made available to the token team. Since political meme coins can be a grey area for both regulators and investors, we recommend investing in people-driven coins like Flockerz ($FLOCK) – one of the hottest presales this January. Last Few Hours of the $FLOCK Presale $FLOCK is a unique V2E meme coin that allows token holders to participate in the decision-making process. Investors can vote on aspects such as token burns, governance plans, expansion ideas, and new features. This puts the power in the hands of people who actually care about the coin, and not a single entity. Moving forward, this can set an important precedent in the meme coin industry. Investors may prefer projects with V2E structures in place. This community-driven coin has amassed close to 31K followers on X and has a strong presence on Telegram as well. This innovative V2E concept has helped $FLOCK raise $12.5M in presale funding. At the time of writing this, less than 2 hours remain before the presale ends. You can get one $FLOCK for $0.0066883. To do that, visit the official Flockerz presale website, connect your wallet, and purchase the number of $FLOCK you need. You can do so with a bank card, $ETH, $USDT, or $BNB. The coin will then move towards listing and is expected to skyrocket to 100x post that within a few months. Experts expect listing gains of at least 10x on launch. The project has reserved 10% of its total token supply for listing to prevent extreme volatility. Traders have also shown increased interest lately, buying over $44K $FLOCK in the last three days. The presale is inches away from closing, and this is definitely your last chance to join the $FLOCK mania. However, crypto assets are subject to market risks and it is wise to do your own research before putting in your hard-earned money. This article isn’t a substitute for professional financial advice.
The recent launch of the TRUMP and MELANIA tokens, catalyzed by President Donald Trump and First Lady Melania Trump, has ignited a mix of excitement and caution within the memecoin and broader cryptocurrency community. This frenzy has caught the attention of billionaire investor Mark Cuban, who is now contemplating the creation of his own memecoin, inspired by the recent memecoin movements. Cuban’s Memecoin Vision: Combining Fun And Financial Responsibility? In a recent social media post, the renowned billionaire opened the door to the possibility of launching a new memecoin, stating, “If memecoins are the way, maybe I’ll issue one.” His announcement has stirred curiosity among crypto enthusiasts, particularly as he hinted that his memecoin would mirror the parameters of Trump’s TRUMP memecoin. Related Reading: Is It Time To Give Up On Ethereum Below $4,000? Analyst Weighs The Facts Cuban plans to implement a 20% float and adhere to a similar release schedule, with one significant distinction: all potential revenue generated from the sale would be directed to the US Treasury. To enhance transparency, Cuban also indicated that the wallet address would be publicly accessible, allowing anyone to track the funds. Cuban framed his initiative as a way to combine entertainment with a social purpose, noting, “If you want to gamble, gamble. But at least use it to make a dent in the US debt.” This statement reflects a growing sentiment among some investors that memecoins can serve a dual purpose—providing both amusement and potential benefits to broader societal issues. However, Cuban’s proposal has not been without its critics. Cuban Cites Dogecoin Success In response to Cuban’s announcement, a user on X (formerly Twitter) cautioned him about the potential pitfalls of launching a memecoin, suggesting that he might be accused of exploiting information asymmetry at the coin’s launch. The user stressed that the supposed memecoin’s price would be dictated by supply and demand dynamics, starting from nearly zero, and warned Cuban not to proceed without careful consideration. Cuban, undeterred by the criticism, defended his understanding of the memecoin landscape, stating, “It’s not hard to put it together. I never have thought about doing a meme coin. Wouldn’t be hard at all.” Related Reading: Big Players Bet Big On XRP, Solana With Excitement Around Donald Trump’s Presidency, Here Are The Figures The back-and-forth dialogue continued, with the user asserting that creating a sustainable memecoin that benefits long-term holders is a challenging endeavor. He further argued that successful memecoins often emerge from community-driven initiatives rather than top-down launches, warning that hype surrounding a celebrity-backed launch could lead to short-term trading rather than fostering an organic community. Cuban concluded the exchange by acknowledging the importance of community in the longevity of memecoins. He cited examples like Dogecoin (DOGE) and Shiba Inu (SHIB), which have thrived due to their strong communities. “I’m not saying buyers won’t get rekt. I said it was gambling. It’s a game of musical chairs. No promises. No pumps by me. Just complete transparency,” he emphasized. At the time of writing, the TRUMP memecoin is trading at $44,778, recording a 14% recovery in the past 24 hours after plunging over 50% from its $79 peak reached over the weekend. Featured image from CNBC, chart from TradingView.com
The memecoin, which was launched by the President on Friday, saw its price plummet nearly 26% over the past 24 hours.
The ongoing TRUMP memecoin frenzy has sparked the creation of hundreds of tokens inspired by the US president and his family. A recent report revealed malicious tokens and dApps using Donald Trump references skyrocketed since Friday, targeting unsuspected investors and non-crypto people. Related Reading: Bitcoin Struggles For Direction Post-Trump Disappointment – What Next? Trump-Themed Scams Skyrocket Over the weekend, US President Donald Trump surprised the crypto industry by launching his official memecoin, TRUMP. The token received heavy criticism, with several crypto investors calling the President’s memecoin venture a “big red flag.” Many community members initially suspected the token was a hacking scam, while others expressed reservations about TRUMP’s tokenomics. Regardless of the doubts, the memecoin eclipsed the market, skyrocketing to $30 in a few hours and hitting an all-time high (ATH) of $75 a day later. Web3 security platform Blockaid shared that TRUMP’s successful launch also ignited a “rapid proliferation of malicious tokens, fake dApps, and scams using the Trump name and branding,” following the trend of scammers leveraging major news events in the crypto industry to target unsuspecting users. According to the report, tokens with the “Trump” name increased by 206% on the launch day. The report stated, “Many of these tokens used misleading branding to lure investors.” The chart shows that since late December, the number of new malicious tokens with the word “Trump” has hovered between 2,000 and 3,000 daily. However, this number increased to 6,800 tokens deployed on Friday, double the usual 3,300 Trump-inspired tokens created daily. Additionally, the number of fake dApps deployed saw record rates over the weekend. The malicious applications are often used to “trick users into connecting their wallets, allowing scammers to drain funds.” Blockaid reports that impersonator dApps using President Trump’s name saw a 14x increase after the launch, with 91 malicious dApps deployed in 24 hours. Trump Memecoin Frenzy Continues The report highlighted that scammers didn’t stop at Trump-themed tokens. Memecoins with metadata referencing the Trump family, including Melania and Barron-inspired ones, surged by 592% over the weekend, “creating the illusion of an interconnected ecosystem.” It’s worth noting that US First Lady Melania Trump announced the launch of her official memecoin, MELANIA, on Sunday afternoon. The launch pushed the crypto market to a 6% correction, with Bitcoin (BTC) dropping below $100,000, and TRUMP declining 49% in an hour. On Inauguration Day, DexScreener’s main page showed a plethora of memecoins inspired by the Trump Family. Of the top 15 tokens, 11 were related to the presidential family, including the official TRUMP and MELANIA memecoins. Fake Donald Trump Jr, Ivanka, and Eric memecoins were also launched, alongside Trump-related figures like US Vice President JC Vance and Elon Musk. Despite the several Musk-themed tokens already existing, the recently launched memecoins used branding inspired by the official Trump tokens. Related Reading: Analyst Says Bitcoin Is Entering Second ‘Price Discovery Uptrend’, What’s Ahead For BTC? Moreover, the Trump memecoin frenzy continued as the US President was sworn into office. A video shared on X shows that during Trump’s inauguration speech, community members created several new tokens themed after the speech. Users flooded the market with dozens of memecoins using phrases like “Make America respected again” or “America will be admired again” just seconds after the US President pronounced them, potentially attempting to lucre from the ongoing hype. As of this writing, the official TRUMP memecoin trades at $37.6, a 1.4% increase in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
Mark Cuban, the billionaire entrepreneur and vocal crypto commentator, has criticized the crypto community’s embrace of Donald Trump’s memecoin launch. Cuban voiced his concerns on X (formerly Twitter), where he dismissed the idea that Trump’s memecoin debut is a positive milestone for the industry. Instead, he argued that the digital asset reinforces a culture of […]
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TRUMP, the memecoin launched by Donald Trump ahead of his return to the White House, celebrates his ideals and attracts millions of investors.
Discover the MELANIA coin by Melania Trump, a trending meme token. Understand its purpose, allocation and significance in the crypto space.
As the new crypto-friendly administration takes office, crypto investors expect a likely volatile market. However, some analyst shared their bullish predictions as Bitcoin (BTC) hit its latest all-time high (ATH) of $109,000. Related Reading: $24 XRP Prediction: Bitcoin Maxi Calls It Risky But Possible Bitcoin Hits New ATH On Inauguration Day Last week, Bitcoin surged past the $100,000 barrier for the first time in over ten days amid the bullish expectations of January 20. The flagship crypto continued consolidating above this key level over the weekend, fueled by US President Donald Trump’s latest crypto moves. On Friday, the incoming US President surprised the crypto industry by launching his official TRUMP memecoin. The token saw a massive surge, hitting a $75 all-time high (ATH) and a market capitalization of $15 billion but facing significant backlash from the crypto community. As the token eclipsed the market, Bitcoin turned the key $102,000 resistance level as a support zone, propelling the price to a one-month high of $106,000. However, the market saw a 6% correction on Sunday afternoon after the then-incoming First Lady launched her memecoin, MELANIA. BTC dropped below the $100,000 mark before quickly recovering, closing the week near the recently reclaimed level. Ahead of Trump’s inauguration, Bitcoin’s price jumped 8.5% to its new all-time high of $109,588. Daan Crypto Trades noted BTC’s good start to the week after it “opened up with a small CME gap today but closed that straight away and went straight to new all-time highs,” adding that it will be an interesting week. Daan also signaled that today would likely be a “very volatile day in both directions” for the market but advised investors to “focus on what you expect for Q1 and not the next day.” BTC Price To Continue Soaring? Crypto analyst Altcoin Sherpa suggested that BTC’s price could see short-term volatility depending on Trump’s comments during his Inauguration speech. “If a Strategic Bitcoin Reserve is announced, I think BTC puts in a god candle, and everything sends,” he stated, adding that a lack of mention could start a momentary pullback. Despite the potential short-term shakeouts, some analysts highlighted that Bitcoin is entering a new price discovery phase. Rekt Capital stated, “History suggests this first Price Discovery Correction is now over.” According to the analyst, the December retrace was part of BTC’s “post-halving Parabolic Upside Phase.” Bitcoin enters a parabolic period that lasts around 300 days, each cycle after every Halving event, with the first price correction historically beginning between Weeks 6 and 8 of each parabolic phase. Related Reading: Solana Bulls Counter Bearish Pressure To Keep Price Above $240 After the recent price action, the analyst announced the second Price Discovery Uptrend lies ahead. He explained that “Bitcoin is now trying to breakout from its $101k-$106k range Daily Close above the $106k Range High resistance followed by a post-breakout retest would confirm the breakout and bring Bitcoin one step closer to additional Price Discovery.” Analyst Crypto Jelle highlighted BTC’s multi-year cup and handle pattern, which “looks like Bitcoin wants to get it over with.” The analyst suggested that the flagship crypto won’t “be waiting much longer,” adding that the long-term target remains $140,000. As of this writing, Bitcoin trades at $104,564, a 1% drop in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
Options continue to show a bias for BTC relative to ETH despite Trump bypassing any mention of strategic bitcoin reserve in his inaugural speech on Monday.
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