Layer-2 cross-chain bridge protocol Orbiter Finance has revealed the tokenomics of its native token OBT ahead of its Token Generation Event (TGE) on January 20, 2025. The token will be launched on the Ethereum, Arbitrum, and Base networks with a total supply of 10 billion tokens and an initial circulating supply of 2.8 billion tokens (28%). Orbiter has determined the token allocation structure as follows: Community Allocation (40%): 22% will be distributed to users as the first airdrop. An additional 3% will be airdropped monthly to eligible users for six months. Ecosystem and Growth Allocation (20%): 2.5% will open in TGE. Orbiter Foundation Allocation (15%): 3.5% will be unlocked in TGE. The remaining tokens will be paid out monthly through vesting process for 23 months. Team and Contributor Allocation (15%): Reserved for developers and key contributors. Investor Allocation (10%): Reserved for early investors. Additionally, on-chain governance for Orbiter Finance is planned to launch in February 2025, allowing token holders to participate in key protocol decisions. Related News: Bitcoin Strategic Reserve in the US Coming Step by Step - Coinbase Releases Big Statement, CEO Met with Trump Orbiter Finance has confirmed a significant initial airdrop of 22% of OBT’s total supply, with detailed criteria for eligibility. Snapshots for convenience: First Snapshot for OPoints: January 16, 2025. Second Snapshot for NFT holders: January 19, 2025. Eligibility Criteria: Users must have interacted with the Orbiter protocol (bridge/ecosystem) for at least two months since December 2021. Users must have at least 40 OPoints earned through cross-chain transactions on Orbiter. *This is not investment advice. Continue Reading: Highly Anticipated Altcoin Airdrop Details Have Been Announced: Here is the Date and Information to Participate
On January 18, COINOTAG News reported a significant uptick in liquidity pool revenues related to the TRUMP protocol on the Meteora platform. In a remarkable performance, the TRUMP liquidity pool
Shiba Inu’s meteoric rise took the cryptocurrency world by storm, delivering extraordinary gains to early investors. Now, a new token, BigBossInu, is emerging with the potential to replicate Shiba Inu’s success, with some analysts predicting a staggering 25,000% breakout. Alongside well-established altcoins like Polygon (MATIC), Cardano (ADA), SEI, and Aptos (APT). BigBossInu: The Next Shiba Inu-Level Breakout BigBossInu’s explosive presale is lighting up the market, drawing attention from investors eager to capitalize on its growth potential. Following in the footsteps of Shiba Inu, BigBossInu is designed to offer high-reward opportunities for early investors. With a rapidly growing user base and an ambitious roadmap, this token is setting the stage for a massive breakout, BigBossInu : $100,000 raised in minutes! Celebrate with a 50% EXTRA BONUS using code EXTRA50X for a limited time only. >> 2. Polygon is supporting a growing number of decentralized applications (dApps) and DeFi projects. As Ethereum expands, while MATIC may not offer the same explosive gains as BigBossInu, it remains a solid investment for long-term growth in the blockchain space. 3. Cardano (ADA) is a pioneer in the blockchain world, known for its research-driven approach and focus on sustainability, scalability, and security. Cardano’s ongoing development, including its Hydra upgrade for enhanced scalability, positions it for further growth. 4. Sei (SEI) has achieved a new all-time high of $0.589 and remains strong at around $0.60. This surge follows its listings on major exchanges like Binance and Coinbase, SEI is one of the most promising up-and-coming projects in the DeFi space, offering the potential for substantial returns in the near future. 5. Aptos (APT) is one of the newest Layer-1 blockchains to capture attention in the crypto world, offering a scalable and secure platform for decentralized applications. As the blockchain continues to expand, APT is expected to see significant price appreciation, making it a key altcoin for investors seeking high-growth opportunities in the next market cycle. >>>> Conclusion As Shiba Inu demonstrated with its incredible rise, the cryptocurrency market is full of opportunities for exponential growth. BigBossInu, with its unique features and fast-growing community, is emerging as the next potential breakout, with some experts predicting gains as high as 25,000%. Alongside well-established projects like Polygon (MATIC), Cardano (ADA), SEI, and Aptos (APT). To learn more about BigBossInu and its Presale visit: Presale: https://bigbossinu.com/buy-token Website: https://bigbossinu.com Telegram: https://t.me/bigbossinu X/Twitter: https://x.com/BigBossInu Continue Reading: Bitcoin and Ethereum: Top 3 Cryptos Ready for Explos-ion-Level Growth in 2025
As US President-elect Donald Trump prepares to take office, World Liberty Financial, a cryptocurrency initiative supported by the Trump family, has announced plans to invest in TRON (TRX) tokens. This initiative strengthens the Trump-backed crypto project’s ties with Justin Sun’s Tron ecosystem. However, there are no confirmations on the amount of tokens Trump’s crypto organization intends to add to its portfolio. Sun, being an advisor at Donald Trump’s crypto organization and the largest holder of the WLFI token, will likely play a crucial role in the project’s TRX investment strategy. World Liberty Financial Expands Portfolio with TRON Investments As reported by people familiar with the matter, Trump’s World Liberty Financial has plans to expand its cryptocurrency collection with TRON investments. Though it is unclear how much TRX the entity would purchase, it is estimated that a significant portion of its profits would be used for the investment. Since its launch in September, Trump’s crypto organization has spent about $12 million to buy assets like Ethereum (ETH), Aave, and Chainlink (LINK). Further, it’s worth mentioning that the organization has raised almost $90 million by selling its WLFI tokens. Notably, Sun, the single-largest holder of WLFI, acquired tokens worth about $30 million in November. Tron DAO’s DSA Sponsors Trump’s Crypto Ball In a parallel development, the Digital Sovereignty Alliance, a nonprofit social welfare organization established by Tron, is backing Donald Trump’s inaugural Crypto Ball . In a recent X post, the organization announced, “Digital Sovereignty Alliance proudly sponsors the inaugural Crypto Ball, celebrating American innovation alongside President-elect Trump’s inauguration.” Digital Sovereignty Alliance proudly sponsors the inaugural Crypto Ball, celebrating American innovation alongside President-elect Trump’s inauguration. #DSA looks forward to working with the new administration to foster innovation through ethical policies that prioritize public… pic.twitter.com/QAFlYUt7PI — Digital Sovereignty Alliance (DSA) (@DSAForg) January 16, 2025 Expressing appreciation for Trump’s potential inauguration and the DSA’s Crypto Ball sponsorship, Justin Sun stated , As President-elect Donald Trump takes office, I’m excited about the opportunities for forward-thinking crypto policies that can drive growth and innovation, not just in the U.S., but across the global blockchain industry. World Liberty Financial’s Investment Plan Sends Tron to a Weekly High Following World Liberty Financial’s TRX acquisition announcement, TRON token reached a weekly high of $0.259. As of press time, the token is trading at $0.2443, marking a marginal daily surge of 0.47%. Despite a monthly loss of 7%, the TRON token gained 0.72% over the last 7 days. In addition, the 24-hour trading volume of the token has also seen a notable growth of 40%, currently at $1.33 billion. The post World Liberty Financial Acquires TRON (TRX) Tokens, Here’s Why appeared first on CoinGape .
Key Takeaways : POL price faces bearish pressure around $0.52. Polygon price prediction for 2025 expects the price of POL to surge toward $1.57. By 2031, we expect the POL price to record a maximum price of $13.01. Polygon, an Ethereum side chain and layer two scaling solution, has experienced substantial uptake by enterprises and industries in the last year. Consequently, numerous analysts eagerly anticipate the future valuation of its native cryptocurrency, POL. This raises the question: Can POL’s price reach $10? This forecast for Polygon’s price examines factors such as ecosystem trends, adoption rates, underlying technology, and technical analysis to project the POL price prediction from 2025 to 2031. Overview Cryptocurrency Polygon Ticker Symbol POL Rank 12 Price $0.478 Price change 24H -4.2% Market cap $7,240,424,326 Circulating supply 9,899,469,069.28 POL Trading volume 24h $210M All-time high $2.92 All-time low $0.003012 POL price prediction: Technical analysis Metric Value Current Price $0.478 Price Prediction $ 0.581156 (11.48%) Fear & Greed Index 76 (Extreme Greed) Sentiment Bearish Volatility 13.21% Green Days 14/30 (47%) 50-Day SMA $ 0.54237 200-Day SMA $ 0.479584 14-Day RSI 50.75 Polygon technical analysis: POL price faces bearish pressure at $0.52 POL price analysis shows a bearish pressure of around $0.52. Resistance for POL is present at $0.5415. Support for POL/USD is present at $0.463. The POL price analysis for January 18 confirms that POL faces bearish pressure around $0.52. Currently, the bears are aiming for a drop below Fib channels. POL price analysis 1-day chart: Polygon aims for immediate decline POL witnessed a bearish rally after bulls failed to push the altcoin above immediate Fib levels. Over the last 24 hours, the price has been struggling to hold around $0.52. The price of Polygon is now testing the $0.47 support line. The 24-hour volume surged to $25 million, showing increased interest in trading activity. The price is trading at $0.478, falling by over 4.2% in the last 24 hours. POL/USD price chart. Image source: TradingView The RSI-14 trend line has declined from its previous level and currently hovers around 48, showing that bears are slowly gaining price momentum. The SMA-14 level suggests upward volatility in the next few hours. POL/USD 4-hour price chart: Bears aim for a hold below EMA trend lines The 4-hour POL price chart suggests POL continues to experience bearish activity around EMA lines, creating a negative sentiment on the price chart. As the price continues to face resistance near the immediate Fib level, bears aim to dominate the chart by holding the price below the EMA20 trend line. POL/USD price chart. Image source: TradingView The BoP indicator trades in a negative region at 0.69, hinting that sellers are trying to build pressure near support levels and boost a downward correction. Additionally, the MACD trend line has formed red candles below the signal line, and the indicator aims for a negative momentum, strengthening selling positions. POL technical indicators: Levels and action Daily Simple Moving Average (SMA) Period Value Action SMA 3 $ 0.566659 SELL SMA 5 $ 0.550804 SELL SMA 10 $ 0.506696 BUY SMA 21 $ 0.505492 BUY SMA 50 $ 0.54237 SELL SMA 100 $ 0.456986 BUY SMA 200 $ 0.479584 BUY Daily Exponential Moving Average (EMA) Period Value Action EMA 3 $ 0.506268 BUY EMA 5 $ 0.52523 SELL EMA 10 $ 0.557772 SELL EMA 21 $ 0.573506 SELL EMA 50 $ 0.530917 SELL EMA 100 $ 0.494057 BUY EMA 200 $ 0.517791 BUY What to expect from POL price analysis next? The hourly price chart confirms bears are making efforts to prevent the POL price from an immediate surge. However, if POL’s price successfully breaks above $0.5415, it may surge higher and touch the resistance at $0.6285. POL/USDT Chart If bulls cannot initiate a surge, POL’s price may drop below the immediate support line at $0.463, resulting in a correction to $0.4115. Is POL a good investment? POL token can be a good investment option in the long run as the project develops a roadmap for its Polygon 2.0 version. Polygon collaborates with diverse industries to enhance adoption, focusing on NFT solutions and Ethereum scalability. Partnerships include Starbucks for an NFT loyalty program and collaborations with Adidas, Prada, and Disney to develop NFT offerings. Why is POL price down today? Following a sell off around $0.5, POL’s price failed to maintain its buying demand. This resulted in a break below immediate Fib channels. Will POL price touch $1? Yes, POL price might touch the $1 milestone by the end of 2025. However, this depends on the future market sentiment and buying demand. Will POL Price Reach $10? If everything remains good and POL gains regulatory recognition, its price might surpass $10 by 2030. Is POL a good long-term investment? As Polygon continues to expand its offerings, it gains a significant position in the altcoin market. Hence, POL can be a good long-term investment option. Recent news/ Opinions on POL The Aave community is considering ending its operations on Polygon due to concerns about an upcoming review of the risk profile for bridged assets. A proposal on Dec. 13 by Aave founder Marc Zeller suggests reassessing risk parameters for Aave v2 and v3 on Polygon. POL price prediction January 2025 Following Donald Trump’s election victory, the crypto market witnessed a robust price surge. As a result, the altcoin market skyrocketed, resulting in a bull run in the Polygon price. However, analysts expect a steady surge in crypto market prices following a bearish December. We expect POL to record a minimum price of $0.57 and a maximum price of $0.72, with an average of $0.6 in January. POL Price Prediction Potential low Potential average Potential high POL Price Prediction January 2025 $0.57 $0.6 $0.72 POL price prediction 2025 Ethereum fees increase dramatically during a bull market, making it too expensive for regular cryptocurrency users. That’s why Polygon became popular during the last bull market. But this time, in 2025, Polygon has tougher competition from Arbitrum, Optimism, and Starknet. However, Polygon’s Proof of Stake (PoS) chain can handle up to 65,000 transactions per second (TPS) and is cheaper than chains like Arbitrum and Optimism. Hence, increasing adoption might drive up its price in 2025. In 2025, the price of Polygon is forecasted to reach a minimum level of $1.34. It’s anticipated to achieve a maximum level of $1.57, with an average price of $1.39 throughout the year. POL Price Prediction Potential low Potential average Potential high POL Price Prediction 2025 $1.34 $1.39 $1.57 POL Price Predictions 2026-2031 Year Minimum Price Average Price Maximum Price 2026 $2.07 $2.12 $2.39 2027 $3.03 $3.11 $3.60 2028 $4.28 $4.43 $5.36 2029 $6.08 $6.26 $7.41 2030 $8.93 $9.18 $10.51 2031 $11.22 $12.25 $13.01 Pol price forecast for 2026 Polygon has made PolygonzkEVM available to everyone, making it one of the first ZK Rollups to do so. This is a big step forward for Polygon and gives it an advantage. With its growing use by businesses, innovative technology, and past success, Polygon could reach a new all-time high in 2026. According to the forecast and technical analysis, Polygon’s price is expected to hit a minimum of $2.07 in 2026. The maximum price projection is $2.39, with an average value of $2.12. Polygon (POL) price prediction 2027 In 2027, one Polygon is anticipated to reach a minimum price of $3.03. The maximum projection for POL price is $3.60, with an average price of $3.11 for the year. Polygon price prediction 2028 For 2028, the price of Polygon is predicted to attain a minimum value of $4.28. The maximum value could soar to $5.36, with an average trading price of $4.43 throughout the year. Polygon price prediction 2029 In 2029, Polygon’s price is forecasted to bottom out at $6.08. The maximum possible level for POL price could hit $7.41, with an average forecast price of $6.26. Polygon (POL) price prediction 2030 Looking ahead to 2030, Polygon’s price is expected to reach a minimum of $8.93. The maximum projection is $10.51, with an average trading price of $9.18. Polygon price prediction 2031 For 2031, the price of Polygon is predicted to attain a minimum value of $11.22. The maximum value could soar to $13.01, with an average trading price of $12.25 throughout the year. Polygon price prediction 2025 – 2031 POL price prediction by experts Firm Name 2025 2026 Coincodex $3.56 $5.44 Digital Coin Price $2.84 $3.87 Changelly $2.01 $3.1 Cryptopolitan’s POL price prediction Cryptopolitan is bullish on POL’s future market potential. In 2025, the price of Polygon is forecasted to reach a minimum level of $1.34. It’s anticipated to achieve a maximum level of $1.57, with an average price of $1.39 throughout the year. POL historic price sentiment POL price history | Coinmarketcap POL debuted in 2019, initially valued below a cent. Maintained a steady level of around $0.02 for the following two years. POL’s rebranding to Polygon in 2021 fueled growth, surpassing $1 in May and peaking at an all-time high of $2.92 on December 27. In 2022, POL struggled, falling below $1 in May, under $0.50 in June, briefly rebounding above $1 in August, and ending the year at $0.7585, down 70%. In the following year, 2023, Polygon saw mixed performance, breaking $1 in February but dropping to $0.5593 in June after Crypto.com news. It peaked at $0.8775 in July, fell to $0.4946 in September, and recovered to $0.9789 by November. POL rose from $0.8514 in January to $1.4 in March but declined below $0.8 by May and hit lows near $0.4 in June and July. It consolidated between $0.4 and $0.6 in August and September, briefly surging above $0.45. In October, it dipped to $0.39 but surged to $0.63 in November following Donald Trump’s victory, ending December bearish at $0.477. At the start of January 2025, POL opened the market at $0.4511 and is currently trading between $0.4497 – $0.4643.
The post Crypto- Can Lightchain AI Disrupt XRP’s Dominance? A Comprehensive Look at the DeFi Challenger appeared first on Coinpedia Fintech News Crypto enthusiasts are buzzing over whether Lightchain AI could disrupt XRP’s dominance in the decentralized finance (DeFi) space. With its innovative blend of artificial intelligence (AI) and blockchain technology, Lightchain AI presents a groundbreaking approach that has the potential to shake up the market. Plus, the Lightchain AI Presale is now live, offering early adopters a chance to join the platform before it gains even more traction. By utilizing its unique Proof of Intelligence (PoI) consensus mechanism and Artificial Intelligence Virtual Machine (AIVM), Lightchain AI aims to power faster, more efficient decentralized applications. As the platform continues to grow, it could redefine the DeFi landscape and emerge as a serious competitor to XRP and other leading cryptocurrencies. The Rise of Lightchain AI and its Ambitions in DeFi Lightchain AI is a pioneering blockchain project that integrates artificial intelligence (AI) with decentralized finance (DeFi) to address scalability, efficiency, and privacy challenges. By introducing the Proof of Intelligence (PoI) consensus mechanism and the Artificial Intelligence Virtual Machine (AIVM), Lightchain AI enables real-time AI computations directly on the blockchain, enhancing the performance of decentralized applications (dApps). This integration allows for more intelligent and efficient DeFi solutions, such as optimized lending protocols and yield strategies. With a focus on scalability and interoperability, Lightchain AI aims to revolutionize the DeFi landscape by providing a platform that seamlessly combines AI capabilities with blockchain technology. Comparing Lightchain AI and XRP- Key Differences and Advantages XRP and Lightchain AI (LCAI) are two distinct cryptocurrencies, each with unique features and advantages. XRP- Established Cross-Border Payment Solution XRP, developed by Ripple Labs, is renowned for its efficiency in facilitating cross-border payments. Its consensus mechanism enables transaction validation within 3 to 5 seconds, making it a preferred choice for financial institutions seeking swift and cost-effective international transactions. Lightchain AI- Integrating Blockchain with Artificial Intelligence Lightchain AI is an emerging project that integrates artificial intelligence with blockchain technology. Its innovative approach focuses on optimizing smart contracts, improving liquidity, and enhancing the performance of decentralized applications (dApps). By combining AI with blockchain, Lightchain AI aims to address key limitations in current DeFi systems, such as transaction speed, cost, and inefficiency. Key Differences and Advantages XRP and Lightchain AI offer distinct use cases and technological advantages. XRP is focused on cross-border payments and financial transactions, making it a strong contender for institutional adoption. On the other hand, Lightchain AI combines blockchain and artificial intelligence to address critical challenges across multiple industries. In terms of technology, XRP utilizes a consensus protocol for rapid transaction validation, enabling real-time global payments. Meanwhile, Lightchain AI’s integration of AI with blockchain positions it as a groundbreaking innovation in the blockchain space. While XRP has established itself as a leader in cross-border payments, Lightchain AI’s unique approach has the potential to revolutionize various sectors, highlighting its significant growth potential. In summary, while XRP offers a proven solution for financial transactions, Lightchain AI’s unique combination of AI and blockchain technology presents new opportunities for innovation and growth across diverse industries. The Future of Defi- Will Lightchain AI Overcome XRP’s Stronghold? The decentralized finance (DeFi) landscape is evolving rapidly, with Lightchain AI emerging as a formidable contender to XRP’s established position. XRP has long been recognized for its efficiency in cross-border payments, leveraging its consensus mechanism to facilitate swift international transactions. However, Lightchain AI introduces a novel integration of artificial intelligence (AI) with blockchain technology, aiming to address scalability, efficiency, and privacy challenges within the DeFi sector. By combining AI with blockchain, Lightchain AI seeks to enhance the performance of decentralized applications (dApps), offering solutions that could potentially surpass the capabilities of traditional platforms like XRP. As the DeFi ecosystem continues to expand, Lightchain AI’s innovative approach positions it as a strong challenger, with the potential to redefine industry standards and possibly overtake XRP’s dominance in the future. With its ongoing presale and increasing adoption, only time will tell if Lightchain AI can disrupt XRP’s stronghold in the DeFi space. https://lightchain.ai https://lightchain.ai/lightchain-whitepaper.pdf Tweets by LightchainAI https://t.me/LightchainProtocol
Stuart Alderoty, Chief Legal Officer (CLO) of Ripple, has publicly dismissed rumors suggesting a contentious relationship between Ripple and former U.S. President Donald Trump. The rumors originated from an Axios report, which was shared by Degen News on X. The report alleged that Trump criticized an unknown company in a heated exchange with its representatives, accusing the company’s representatives of failing to support him during a crucial time, and abandoning him for Kamala Harris. According to Degen News, unnamed sources linked this interaction to Ripple, sparking speculation about the relationship between the company and Trump. Degen News shared this report even though the Axios report did not name Ripple in its report, and neither the Trump transition team nor Ripple confirmed the claim. Ripple Chief Lawyer just denied the fake $XRP FUD. Trump is clearly pro-Ripple and XRP. Please spread the word to help fight the FUD pic.twitter.com/0uwuKBwtjC — XRPcryptowolf (@XRPcryptowolf) January 16, 2025 Ripple CLO Debunks False Claims Alderoty described the claims as “pure fiction” and “completely made up” in a reply. Alderoty and Ripple CEO Brad Garlinghouse met with Donald Trump recently. Garlinghouse described the meeting as a strong start to 2025, reducing the credibility of these dissent claims between Trump and Ripple. Alderoty, addressing these allegations, emphasized the lack of credible evidence and denounced the sources behind the rumors. “Wow, unnamed sources? Here’s a named source: me,” he stated. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 As someone present at the meeting with Trump, he is the right person to set the record straight. He went on to call the story a fabrication by a “third-tier crypto rag” and questioned the motives of those perpetuating the narrative. The rumor gained traction due to the political implications of Ripple’s history. Ripple co-founder Chris Larsen has previously made significant contributions to the Harris campaign, raising questions about the company’s political affiliations. However, no evidence supports the claims that Ripple’s interactions with Trump were anything but cordial. The Importance Of Fighting Misinformation The rise of misinformation has plagued global media for some time now. Alderoty was quick to combat this false narrative, especially with the company’s ongoing legal battles with the U.S. Securities and Exchange Commission (SEC). While the rumor was quickly debunked, it underscores the importance of verifying information. Alderoty’s response has reassured the XRP community, many of whom viewed the rumor as an attempt to sow doubt about Ripple’s leadership and direction. With Donald Trump’s administration about to take control of the White House, many in the crypto world believe the SEC will drop its lawsuit against Ripple , and a good relationship with Ripple could help expedite this process. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Trump Is Pro-Ripple and XRP: Ripple CLO Discredits Fake XRP FUD appeared first on Times Tabloid .
On January 18th, COINOTAG News reported a significant transaction involving the sale of 4.49 million TRUMP tokens, yielding approximately $3.86 million for the seller. According to data from LookIntoChain, the
President-elect Donald Trump announced what appears to be an official Solana meme coin called TRUMP on his Truth Social account. This development comes just days before he is sworn in for his second term in the White House. The price movement of the TRUMP token is wild. At 12:45 AM ET, the meme coin reached a $10 billion market cap. Three minutes later, its value soared to $11.6 billion. The coin’s market cap is currently at $15 billion. The Truth Social post went out first reading: “My NEW Official Trump Meme is HERE! It’s time to celebrate everything we stand for: WINNING! Join my very special Trump Community. GET YOUR $TRUMP NOW .” ~ Truth Social A trader secures over $20 million profit from TRUMP meme token sale Almost an hour after the first post, President-elect Donald Trump replicated his message on Truth Social on X, inviting his followers to trade with his meme token. GetTrumpMemes also promised rewards to the first 2,500 people who take up the token, saying they will be eligible for an airdrop. In their post, they added that the Trump Community could be accessed from Telegram and encouraged people to engage with it, saying, “Miss out, or become a winner.” Some have praised Trump’s move to launch the token, while others have resorted to criticism. For starters, AI and crypto commentator Brian Krassenstein believes it’s wrong for Trump to benefit from meme tokens about his presidency. On the contrary, Ross Coin’s Churl Bistros even commended Trump saying, that’s my president. Moreover, meme coin traders are snapping up the coin in large numbers, pushing its price to $13.6 at the time of writing. Lookonchain even said a trader amassed more than $20 million in profit in just one hour. Just 90 seconds after Trump revealed the new token’s launch on Truth Social, he purchased 5.97 million TRUMP tokens. Later, he sold 543000 TRUMP tokens for roughly $404k, earning himself a $20 million profit. Some believe Trump’s Truth Social account was hacked BlockNews cautioned that Trump’s Truth Social account is likely hacked, asking the public not to interact with it. Following the agency’s post, the founder of Tennessee Investors Company, Daniel Evans, questioned the likelihood of an account attack, saying, if the account had indeed been hacked, why was it still running? Tesla investor BlackAppple.eth also believed that Trump’s account was not hacked and called out the rumors. Another X user criticized the news company, saying so many people missed out on a great trading opportunity because of them. Meanwhile, on-chain detectives raised potential red flags, such as the project’s apparent seeding with millions of dollars from Binance and Gate, two exchanges that do not serve U.S. consumers. However, as more research was done and Trump’s social media messages continued to be posted, other apparent worries subsided. Trump is expected to issue a day-one executive order regarding cryptocurrency, which could be the first of many. He is believed to be readying directives that could reshape the American crypto landscape for builders and investors alike. A Step-By-Step System To Launching Your Web3 Career and Landing High-Paying Crypto Jobs in 90 Days.
Crypto traders are debating whether Donald Trump’s social media passwords have been cracked, as the President-elect’s accounts tout the launch of his “official” memecoin. The memecoin launch announcement hit Trump’s social media platform Truth Social first, and was posted on X shortly thereafter. The new coin is built on the Solana network, and has already tapped a $2.95 billion market cap, according to CoinGecko. The coin’s website is attributed to CIC Digital LLC, which is the same team Trump used to launch his official NFT projects. A total of 80% of the coins are currently locked, and will be released over several years. Trump has promised to support crypto innovation and adoption, as well as establish a national Bitcoin reserve. Odds on the Bitcoin reserve happening in the first 100 days of Trump’s administration stand at 42% on Polymarket at time of publishing. Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: DALLE-2 The post ‘Official’ Solana-Based Trump Memecoin Instantly Hits $2,950,000,000 Market Cap appeared first on The Daily Hodl .