On-chain data shows that wallets likely controlled by members of Trump’s entourage have absurd paper holdings.
Capital flowing out of existing memecoins spurred TRUMP's rise, now the money is going the other way.
Memecoins are becoming a serious investment category. Memecoins mean business now.
The Trump family’s tokens may set a precedent for memecoin investing and attract more retail interest in cryptocurrencies other than Bitcoin and Ether.
An indicator called the cumulative volume delta shows traders are either shorting perpetual futures or closing long positions.
BTC price hits new all-time highs, but latecomers to the party face a real danger of immediate unrealized losses, Bitcoin market analysis says.
The Donald and Melania Trump-backed memecoins that launched over the weekend have amassed a combined value of over $15 billion.
The former CTO of Coinbase and general partner at venture capital firm Andreessen Horowitz said in a thread on X that memecoins aren’t wealth creation.
More than 400,000 traders were liquidated over the past 24 hours as Bitcoin plunged back below $100,000.
BTC has pulled back to $100K as Melania Trump launched her own memecoin, stalling the surge in the TRUMP token.
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.
"Immense gratitude to everyone who voted for President Trump on my behalf," the Silk Road founder wrote in a November 2024 X post.
The president-elect can only serve a four-year term before the Oval Office is contested between two new presidential candidates in 2028.
The Official Trump memecoin launch captivated the crypto market and could be behind Solana’s new price highs, but the real question is, how sustainable is the rally?
The Solana-based memecoin surged to a market cap of over $32 billion one day after launching but allegedly violates the US Constitution.
The "official" TRUMP memecoin has seen almost $10 billion in trading volume in less than 24 hours, and the rally looks set to continue.
The TRUMP meme coin, the official Donald Trump cryptocurrency, took the crypto world by storm upon its launch on Friday. Within hours, it became the hottest topic in the market, captivating investors and enthusiasts alike. By Saturday morning, as the U.S. woke up to the news, the TRUMP coin had skyrocketed to an astonishing $30, marking a jaw-dropping 12,000% increase from its launch price. Related Reading: Solana Reclaims Monthly And Weekly Support Levels – Expert Sets $330 Target The exponential rally that unfolded overnight now seems like just the beginning. The coin’s meteoric rise barely makes a dent in its increasingly vertical chart. With a staggering $6 billion market cap and a fully diluted valuation of $30 billion, the TRUMP coin is quickly establishing itself as a phenomenon in the meme coin category. For early investors, the returns have been life-changing. A modest $10,000 investment at launch is now worth an incredible $1.2 million, highlighting the massive potential of this viral asset. As the TRUMP coin continues to dominate headlines, speculation is growing about whether this is a short-lived hype or the start of a new trend in the crypto space. With such explosive growth, all eyes are on this unprecedented meme coin’s next move. TRUMP Becomes The Biggest Meme Coin In History At 9:44 PM ET on an otherwise quiet Friday night, President-elect Donald Trump made history by launching the $TRUMP meme coin, which has already become the biggest meme coin phenomenon the market has ever seen. According to The Kobbeissi Letter, a trusted voice in global capital markets commentary, TRUMP is up a staggering 9,500%, with $2.2 billion in trading volume within just 12 hours of its launch. Initially met with skepticism, the announcement of $TRUMP’s launch seemed so implausible that many traders assumed Trump’s account had been hacked. However, with no official statement refuting the coin’s legitimacy, confidence grew—and so did the price. Related Reading: Ondo Finance Funding Rate Signals Greed Among Investors – Sign Of Strength? By 12:45 AM ET, TRUMP had broken above $10, accelerating into a parabolic rally. In the early hours, traders witnessed unprecedented returns. One investor reportedly turned $50,000 into nearly $1.1 million in just two hours. Remarkably, TRUMP outperformed the S&P 500’s 30-year cumulative return within that same short window. A key factor driving the coin’s explosive price action is its limited circulating supply. Only 20% of the maximum supply—200 million coins—is currently on the market. Over the next 36 months, the remaining 800 million coins will gradually be released. Speculation is rife that Trump himself holds this undistributed portion, potentially giving him substantial control over the asset. With $TRUMP already establishing itself as a phenomenon, the coin’s trajectory remains a captivating spectacle. This unprecedented rally and intrigue surrounding its supply mechanics have cemented it as one of the most extraordinary stories in crypto history. Price Action And Market Cap Details The explosive rise of the TRUMP coin has prompted questions about its Market Cap and Fully Diluted Valuation (FDV). With a total supply of 1 billion coins, the FDV—if all tokens were circulating—would stand at approximately $21 billion based on current prices. However, since only 200 million coins (20% of the total supply) are currently in circulation, the market cap is approximately $4.2 billion. This significant disparity highlights the impact of circulating supply on valuation metrics. Related Reading: Cardano Whales Go On A Shopping Spree – 100 Million ADA in 48 Hours Price action, for now, provides limited insight into the coin’s future. There is little data to conduct meaningful technical analysis. The TRUMP chart essentially consists of a parabolic green candle, reflecting its meteoric rise in an hype-dominated environment. This leaves the market with one critical question: can demand sustain current levels as the remaining 80% of the supply gradually enters circulation? The TRUMP emission schedule outlines how the maximum supply will be reached over the next 36 months. Skeptics argue that this influx of supply could lead to oversaturation, ultimately sending the coin’s price plummeting to $0. On the other hand, bulls believe the schedule’s gradual nature allows demand to keep pace. This could mitigate the risk of significant price dilution. For now, the debate continues. Featured image from Dall-E, chart from TradingView
Moonshot is currently the #1 finance app, and the #7 free app overall, on the US Apple App Store in the wake of Trump's memecoin launch.
Kalshi bettors put the odds of Trump creating a Bitcoin reserve in 2026 at roughly 70%.
Crypto investors and commentators are hopeful ahead of Trump’s inauguration, anticipating innovation-friendly regulations from his first day in office.
Bitcoin interest from US investors does a U-turn alongside BTC price action returning to six figures.
Bitcoin struggles to hold $100,000, but this could change once regulations shift and institutional adoption becomes even easier.
President-elect Donald Trump is reportedly exploring the inclusion of US-developed digital currencies like Ripple’s XRP and Solana in his proposed national crypto reserve, the New York Post reported on Jan. 16, citing insider sources. This move aligns with his campaign pledge to establish a Bitcoin reserve alongside other potential crypto-focused policies to strengthen the US […]
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US President-elect Donald Trump is reportedly open to establishing a strategic reserve that would include US-founded cryptocurrencies.
The US House of Representatives has named the vice chair who will lead the Congressional subcommittee tasked in overseeing policies and proposed measures involving crypto. The lower chamber of the US Congress recently announced subcommittee assignments for the 119th US Congress ahead of the upcoming inauguration of President-elect Donald Trump who pledged during the campaign to […]
The chief research analyst at 10x Research, Markus Thielen, thinks Bitcoin has a bright future. If Thielen’s crystal ball is correct, the digital asset might potentially experience significant price swings on January 29, 2025, once it breaks out of its so-called “symmetrical triangle” formation. Related Reading: Solana Tops The Charts As Artificial Intelligence Go-To Blockchain Platform —Research However, the path to this breakout is fraught with variables that could sway Bitcoin’s trajectory in any direction. Breaking Down The Technicals Bitcoin has been trading in a symmetrical triangular pattern for quite some time. These patterns typically signify consolidation, implying that the market is gearing up for a major move. Thielen sees this as a possibility for a breakout, which might push Bitcoin over its resistance levels. However, he adds that there is no assurance. The breakout may happen either way. Inflation And Fed Decisions Affect Bitcoin A breakout may not be fully based on technical analysis. Thielen notes that inflation data and Federal Reserve interest rate decisions will have a significant impact on Bitcoin’s future price behavior. If inflation remains high and the Fed continues to raise interest rates, the market’s risk appetite may decline, impeding Bitcoin’s growth. Alternatively, if economic conditions improve, Bitcoin may skyrocket. Timeline For Breakout Thielen speculates that Bitcoin will break out on January 29, 2025. If this schedule is accurate, we could witness a huge movement in the market. However, time, like all predictions, is subject to uncertainty. Thielen, meanwhile, alluded to a bullish break and the ensuing Bitcoin surge. Growing anticipation of increased Consumer Price Index (CPI) numbers served as the foundation for the market expert’s claim. The market may take longer to break through or face unexpected volatility, which alters the present trend. Investors should be cautious because the breakout could happen sooner or later than planned based on market conditions. The Uncertainty Factor While many analysts have a bright outlook, Thielen warns on prudence. Bitcoin’s price is famously volatile, with the possibility of huge volatility remaining. Investors should be aware that Bitcoin can encounter obstacles that restrict its breakout potential even with the positive technical patterns. Navigating this unpredictable terrain will depend much on risk management. Related Reading: Analyst Declares XRP A Bullish Favorite – Rally Imminent? Bitcoin In The Green Today Bitcoin was trading at $99,197, up 2.3% and 4.1% in the daily and weekly timeframes when this report was made. Featured image from Techopedia, chart from TradingView
The Texas Blockchain Council is optimistic about Trump’s comeback — but miners may face new difficulties in Texas.
World Liberty Financial (WLFI), a DeFi initiative linked to US President-elect Donald Trump, has addressed concerns about recent Ethereum transactions worth $60 million. On Jan. 15, the project clarified that the movements are part of its routine treasury management, dispelling speculations of asset sales. It stated: “To be clear, we are not selling tokens—we are […]
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The DeFi protocol is proposing using 20% of revenues for monthly buybacks to boost benefits for stakers.