On January 20th, COINOTAG News reported notable activity in the cryptocurrency market, highlighting a significant transaction by a whale who acquired 187,360 TRUMP tokens for an impressive $9.5 million, resulting
Ethereum price started a downside correction from the $3,500 resistance. ETH is consolidating above $3,120 and facing many hurdles. Ethereum failed to gain pace for a close above $3,500 and corrected gains. The price is trading below $3,320 and the 100-hourly Simple Moving Average. There is a short-term connecting bearish trend line forming with resistance at $3,380 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start another increase if it clears the $3,300 resistance level. Ethereum Price Dips To Support Ethereum price started a decent upward move above the $3,320 level but upsides were limited compared to Bitcoin . ETH failed to gain pace for a close above $3,500 and corrected gains. There was a move below the $3,320 and $3,300 support levels. A low was formed at $3,141 and the price is now consolidating losses. There was a minor increase above the $3,200 level. The price climbed above the 23.6% Fib retracement level of the recent decline from the $3,445 swing high to the $3,141 low. Ethereum price is now trading below $3,280 and the 100-hourly Simple Moving Average . On the upside, the price seems to be facing hurdles near the $3,240 level. The first major resistance is near the $3,300 level or the 50% Fib retracement level of the recent decline from the $3,445 swing high to the $3,141 low. The main resistance is now forming near $3,380. There is also a short-term connecting bearish trend line forming with resistance at $3,380 on the hourly chart of ETH/USD. A clear move above the $3,380 resistance might send the price toward the $3,450 resistance. An upside break above the $3,450 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,500 resistance zone or even $3,550 in the near term. More Losses In ETH? If Ethereum fails to clear the $3,300 resistance, it could start another decline. Initial support on the downside is near the $3,150 level. The first major support sits near the $3,120. A clear move below the $3,120 support might push the price toward the $3,050 support. Any more losses might send the price toward the $3,020 support level in the near term. The next key support sits at $3,000. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $3,120 Major Resistance Level – $3,300
In a recent tweet, Ryan Selkis, the founder of Messari, called on former President Donald Trump to reconsider his association with the controversial Melania project. Selkis highlighted critical concerns regarding
CEO of Japanese bitcoin company Diamond Hands, Koji Higashi, posted on X Sunday that “The fact that we have to take TrumpCoin seriously seems to epitomize the sh*ttiness of this industry.” He was referring to the incumbent figurehead leader Trump’s new massively premined meme coin, and said it was actually turning former bitcoin supporters away from BTC. Koji Higashi’s company Diamond Hands is also facing issues, recently announcing a pivot away from their Lightning Network community node. The broken protocol that’s just 2 years away from being ready doesn’t seem to be doing them any favors. Still, the Japanese entrepreneur lamented and mentioned “despair” in an X post about the latest meme coin, Official Trump . Is TRUMP just another meme coin or ‘The sh*ttiness of the industry’? Indeed, the massive political capture of crypto — that was once supposed to be about separation of money and state —is nauseating to anyone, like Higashi , who’s been in the game more than five years. But there is no rationality to manipulated markets. Trump, who has promised to free Silk Road darknet marketplace founder Ross Ulbricht “ on day one ” (amongst a plethora of other assurances) has now launched a website for his own premined, crypto just before being stepping into his White House role once again, tomorrow. The website for Trump’s stunt amusingly reads that the coin has nothing to do with politics. It further lays out the premined nature of the coin in small print at the bottom of the page: “CIC Digital LLC, an affiliate of The Trump Organization, and Fight Fight Fight LLC collectively own 80% of the Trump Cards, subject to a 3-year unlocking schedule.” Tokenomics show the asset’s heavily premined and centrally captured nature (Source: gettrumpmemes.com) Higashi noted in another X post that some people who used to support bitcoin are now turning away due to this meme coin. He also stated that “the people who originally got interested in Bitcoin got into it because they didn’t like this kind of thing, so it’s like a polar opposite world.” However, the coin’s team says on his self-congratulatory site, “… President Trump showed the world what a LEADER is made of. His strength and courage ignited a movement becoming the most memorable meme of the century.” A Step-By-Step System To Launching Your Web3 Career and Landing High-Paying Crypto Jobs in 90 Days.
Cardano’s ADA is showing signs of another price rally, following a sharp 43% correction in recent weeks. Analyst…
Arthur Hayes predicts a “memecoin explosion” as stars like Taylor Swift and Beyoncé could follow TRUMP and MELANIA coins, sparking debates on ethics and cryptocurrency’s future. If Trump Can Do It, so Can Taylor Swift and Beyoncé—Arthur Hayes Predicts Memecoin Explosion In a significant move within the cryptocurrency landscape, President-elect Donald Trump and his wife,
World Liberty Financial (WLF) has made headlines with its recent acquisition of 14,403 ETH, a move that significantly boosts its total Ethereum assets to approximately $109 million. This rapid accumulation
Summary President Donald Trump has launched a crypto-coin, providing reassurance for US-based digital asset companies about crypto-friendly regulatory policies under his administration. TRUMP-USD has quickly achieved a top ten fully diluted market capitalization in less than three days of trading. While the coin's valuation is high, the Tokenomics of TRUMP are dubious, with no observable utility and a high level of dilution over just 3 years. The big winner here is Solana, which is the blockchain chosen by the President (and/or his team) for his official memecoin launch. President Donald Trump is back. If there have been any doubts about '47' overseeing crypto industry-friendly regulatory policy, US-based digital asset companies may have just been given the biggest reassurance an incoming President can possibly give before being inaugurated; the Trump team has officially launched a crypto coin. In less than three full days of trading, OFFICIAL TRUMP (TRUMP-USD) briefly achieved a top ten fully diluted market capitalization: $TRUMP (CoinMarketCap) At one point on January 19th, $TRUMP had a $72 billion fully diluted market cap. This made $TRUMP briefly the most valuable memecoin in the market and give the coin the 7th largest valuation of any coin. We're going to get into all of the reasons why you probably shouldn't buy this coin in a moment. But before we get to that, please remember that the barrier to entry for meme-coin creation is virtually nothing. Because of this, there are literally dozens of "TRUMP" coins that could be purchased rather than the 'official' coin if prospective buyers aren't careful: Other 'TRUMP' Coins (CoinMarketCap) One certainly wouldn't want to accidentally purchase 'trumpwifhat' - a derivative of dogwifhat ( WIF-USD ) - instead of OFFICIAL TRUMP; each of which uses TRUMP as the symbol. So if you're actually interested in plowing into a meme coin at a $72 billion fully diluted valuation, make sure you know the correct contract address before you incinerate your capital. TRUMP is Not An Investment Anyone looking at TRUMP as an investment opportunity should consider that President Trump's own disclosure overtly says that the coin should not be viewed as such: Trump Memes are intended to function as an expression of support for, and engagement with, the ideals and beliefs embodied by the symbol "$TRUMP" and the associated artwork, and are not intended to be, or to be the subject of, an investment opportunity, investment contract, or security of any type. So, now that we know TRUMP should not be viewed as an investment, we can dive into the supply dynamics and holder data. Tokenomics and Distribution As far as I can tell, there is no utility for TRUMP whatsoever. In the past, NFTs released by Trump have offered token holders potential perks or privileges when purchased at a certain scale; for instance, meet and greet opportunities. However, no such perks appear to exist for TRUMP holders. Thus, the inflation of TRUMP supply and its distribution will likely play a large role in how this coin performs over time: TRUMP Token Distribution (GetTrumpMemes.com) There are a total of 1 billion TRUMP coins, 800 million of which are owned by "creators and CIC Digital." President Trump has an ownership stake in CIC Digital, though it is unclear how much TRUMP he owns through that entity. Regardless, at an 80% token allocation to the creators and CIC Digital, TRUMP has one of the more dilutive coin distributions that I can recall seeing in this market. TRUMP Emission Schedule (GetTrumpMemes.com) To be sure, there have been other coins that have launched with 80% of supply in lockup, but I don't know if I can remember seeing one where the total supply is unlocked within 3 years. Furthermore, the lockup periods begin in just 3 months and the emission schedule appears to show circulating supply doubling within 12 months. Meaning, TRUMP dilution is going to be quite quick compared to some of the other coins that I've covered for Seeking Alpha in the past. Early Trading Data Through less than three full days of trading, interest in TRUMP has been robust. There has been over $52 billion in total transfer value of the TRUMP coin and $32.2 billion in DEX trading value. The coin has quickly scaled to over three quarters of a million total token holders. However, most of those holders have very small allocations based on the Top 20 holder data: TRUMP Holders (SolScan) Again, 80% of supply is locked for creators and CIC Digital. Another 4% or so is held cumulatively by various centralized exchanges like OKX and Kraken. We can see an absolutely enormous percentage of TRUMP is held by the top 20 addresses. 88.5% of the total coin supply is held by just 20 wallets. If it hasn't been deduced by the reader at this point already, I'll be overt; I wouldn't buy this coin with free money. Like TRUMP? Buy Solana The biggest winner here is perhaps Solana USD ( SOL-USD ). While there is certainly an argument to be made that $TRUMP is simply cannibalizing liquidity from all of the other memecoins on the Solana Blockchain, there is no question the coin launch is bringing fresh liquidity to Solana through the President's non-crypto native supports. The price of SOL has been a large out-performer on the launch of TRUMP. Rallying over 40% from the January 16th close in just 3 days, SOL has made a new all-time high at $295 as of January 19th. L1 P/F Ratios (Token Terminal) And at just 82x circulating fees, SOL is the second cheapest L1 blockchain gas token when viewed through the price to annualized fee ratio. So if all of this activity isn't totally off-putting, I think the right way to play President Trump's memecoin on Solana is simply buying Solana. Closing Thoughts I don't think that I've made it any real secret on Seeking Alpha or on my Substack newsletter that I'm generally not a fan of memecoins. In my opinion, there is an element of financial nihilism that is pervasive through most of the memecoin segment that I don't think has been helpful to broader sentiment about digital assets or public blockchains as a legitimately useful innovation. But I do think the broader implications of TRUMP are compelling. On one hand, we could look back at this moment 5 to 10 years from now and see a memecoin launch from a US President - and subsequently his wife as well - as a clear sign of a market top. On the other hand, we could look back at this moment 5 to 10 years from now and see it as the certification of progress in financial technology. Readers can place their own chips on that one. For me, TRUMP is untouchable and SOL is worth some long term speculative capital.
Musk AI Boost could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did. Musk AI Boost (MUSKAIBO), a new Solana memecoin that was launched today, is set to explode over 18,000% in price in the coming days. This is because MUSKAIBO is set to soon be listed on numerous crypto exchanges, according to reports. This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up. Currently, Musk AI Boost can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days. Early investors in SHIB and DOGE made astronomical returns, and Musk AI Boost could become the next viral memecoin. Musk AI Boost launched with over $9,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains. How to Buy To buy Musk AI Boost on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask, or Phantom wallet, and swap Solana for Musk AI Boost by entering its contract address – 72pTcxNcaiTgNRSbCHaAPS97WFRdWwpfqbQdqEi7JP8J – in the receiving field. If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin) from an exchange like Coinbase, Binance, and many others. In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price. If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner. The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE), and DogWifHat (WIF), trading sideways in recent weeks and losing momentum. This is why many SHIB, DOGE, and WIF investors are instead investing in new Solana memecoins, like MUSKAIBO. Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.
In a dramatic twist, the cryptocurrency market experienced significant volatility, with Bitcoin’s value plunging below $100,000, affecting hundreds of thousands of traders. This sudden drop resulted in over $1 billion