Amid a broader upward trajectory in cryptocurrency valuations, the non-fungible token (NFT) market registered a measured 2.78% increase in total sales during the week spanning Jan. 10–17, 2025. Over this period, aggregate digital collectible sales amounted to approximately $156.13 million, driven by a 115.41% escalation in the number of buyers relative to the preceding week.
The new ‘Trump coin’, launched on the Solana chain, surged to over $30 less than 24 hours after its launch. The meme token was only introduced at 9:44 PM ET on Friday, but analysts are already hinting that this could become the biggest meme coin in history. Solana’s DEX volume has even reached its all-time high. Trump coin rises by over 12000% in just a few hours According to the Kobeissi Letter, Donald Trump’s meme coin has increased by over 12,000% since its launch, rising to $30.7. The coin has even amassed $6 billion in market capitalization and $30 billion in fully diluted value. Kobeissi also revealed that the coin only started with a $10,000 investment, whose value has quickly grown to about $1.2 million. The meme coin was only launched late Friday night and so far has earned multiple achievements, even its Google search interest is at an all-time high in the United States. As of early morning(GMT+3) on Jan 18, 2025, search interest was at 100 index points. Moreover, multiple investors are still engaging with the coin. The Kobeissi letter even posted : It will be interesting to see how this all unfolds as the coin is still under 1 day old. Millions of dollars of volume are flowing per minute with hundreds of trades at $1M+. Kobeissi letter One trader even invested about $1.1 million in the Trump meme coin, and his profits have quickly spiraled to over $119 million. Another trader even raised about $300,000 from his $800 investment in the meme coin. Solana’s DEX 24-hour trading volume also hit $11.4 billion, with its market share close to 50%. Some speculate that releasing more TRUMP tokens in the market could cause it to plummet The TRUMP meme token has already planned its emission schedule to ensure its maximum supply to the market. However, critics believe the coin could plummet to $0 once the tokens are entirely released to the market. Others think Trump’s team has rolled out a gradual emission schedule that could work well. So far, only 20% of the tokens are circulating in the market, but the question remains whether demand will match supply when all the remaining tokens are added. For the first 1-3 months, the Trump coin will have no additions to the market. Then, in the next 4-6 months, 16.67 million tokens will be released each month. 25 million tokens per month will be released in 7-12 months before settling for 33 million tokens per month in 13-36 months from launch. Just recently, Donald Trump acknowledged the coin’s success by reposting Eric Trump’s endorsement. Eric Trump said he was incredibly proud of what they continue to accomplish in crypto. However, the asset’s explosive debut and the unprecedented buzz around it underscore the growing intersection of cryptocurrency, political influence, and meme culture. With millions of dollars in volume trading every minute and Solana’s ecosystem hitting new highs, all eyes will remain on the Trump coin’s trajectory in the days ahead. From Zero to Web3 Pro: Your 90-Day Career Launch Plan
Today we witnessed Solana make a really serious attack and break the all-time high price record. With the rise, the all-time high price record for SOL has now been updated to $270.67. With the decline after the record, the SOL price is trading at $255 at the time of writing this article. We shared the reason for the rise with you today as Bitcoinsistemi.com. The new President of the USA, Donald Trump, launched a memecoin and chose Solana as the blockchain network. Related News: BREAKING: Solana (SOL) Breaks All-Time Price Record - What's Driving the Rally? However, the cryptocurrency market is still debating how high SOL can go. Andrew Kang, an analyst with numerous past reviews on the subject, shared the price level that SOL could reach in this cycle. Kang claims that with Donald Trump’s latest move, there could be a potential US Strategic Reserve initiative for Solana. Kang suggested that the price of SOL could rise to $500 this year. At the time of writing, Solana is trading at $254. If it were to rise to $500, Solana would have a market cap of approximately $250 billion. *This is not investment advice. Continue Reading: What Price Level Is Expected This Year Following the New ATH in Solana? Experienced Analyst Reveals
TL:DR; Within 24 hours of its launch, TRUMP’s price went through the roof at $30, and its market cap soared to roughly $6 billion, according to the two biggest crypto data aggregators. The question now arises whether the newly launched token associated with the president-elect has the legs to become the largest in its field. The cryptocurrency world still finds ways to surprise even the most experienced market participants, and the past 24 hours have only gone to prove that narrative. Who could have expected that the upcoming US president would announce its official meme coin? Especially one who used to blast the market in the past and called BTC a scam. Nevertheless, that happened , and Donald J. Trump announced the OFFICIAL TRUMP (TRUMP) meme coin on Friday evening. Needless to say, the token took the market by storm, skyrocketing to a market cap of nearly $6 billion (as of now), which put it in the top 30 largest assets by that metric. Within the span of 24 hours alone, TRUMP’s trading volumes shot up to almost $10 billion on CMC and over $11 billion on CG. It has also impacted the network it is based on, as Solana’s native token registered a fresh peak of $270 today after gaining 30% daily at one point. TRUMP is now the fourth-largest meme coin, surpassing the likes of BONK, WIF, and PENGU in a day. It trails only to DOGE, SHIB, and PEPE. The frog-based meme coin is not that far away, with a market cap of $7.6 billion. Can TRUMP surpass all three and reign supreme across the meme coin field? ChatGPT believes it has the legs to do it, given the high-profile endorsement it already has from Donald Trump. If more people of a similar caliber join the pack, OFFICIAL TRUMP could fly further. Although the tokenomics raised some concerns among investors since the biggest portion is held by the creators and CIC Digital, ChatGPT actually believes that this is a bullish factor for TRUMP: “Strategic Tokenomics: With a total supply of 1 billion tokens and 200 million available initially, the structured release schedule aims to maintain scarcity and drive demand. Additionally, 80% of the supply is held by CIC Digital LLC, subject to a three-year lock-up period, preventing immediate large-scale sell-offs.” Still, there are some challenges ahead of the newly launched asset. It fights an uphill battle against Dogecoin and Shiba Inu to some extent since both assets have existed for years. In fact, DOGE is the OG meme coin and serves as the market maker and leader. Taking it down from its throne is a lot harder to do than it sounds, ChatGPT added. The post Is OFFICIAL TRUMP (TRUMP) Poised to Become the Top Meme Coin? ChatGPT Explains appeared first on CryptoPotato .
On January 19th, COINOTAG reported a substantial transaction that occurred within the cryptocurrency market, as observed by lookonchain. A prominent whale executed the sale of 860,895 TRUMP tokens, converting these
TRUMP, the newly launched memecoin from President-elect Donald Trump, has turned heads in the crypto market by achieving impressive trading volumes within hours of debut. The token’s launch on the
Base Network, an Ethereum Layer 2 blockchain, has announced a strong growth plan for the upcoming year, aiming to expand its ecosystem significantly. In a recent blog post , Base shared its goal to reach $100 billion in Total Value Locked (TVL). The blockchain also plans to complete 1 billion transactions by October 2025. Base Network Targets Increase in Its TVL and Transactions This goal shows Base’s dedication to creating a strong, scalable, and developer-friendly ecosystem in the fast-changing blockchain world. Meanwhile, Base plans to focus on key initiatives to reach its goals. A main part of its strategy is to provide strong developer tools. The platform will also support various on-chain applications, making it suitable for many uses. Furthermore, Base’s vision includes allowing users control over their digital assets. The platform will help users manage their accounts and keep their assets safe. Additionally, Base aims to create easy-to-use global capital markets. It will also improve the platform’s ability to handle more transactions, maintaining speed and low costs. Intriguingly, Base aims to make important progress in the coming years, potentially to change the blockchain world and make decentralized applications accessible to everyone. Base is Becoming a Strong Player in the Crypto World In October 2024, Base gained 13.7 million new users, making it the fastest-growing blockchain platform. As reported by TheCoinRise, Base gained an impressive 15.1 million super users, outnumbering Ethereum and Polygon. Several factors contributed to this success, including new users and strong engagement. Its partnership with well-known DeFi platforms and NFT marketplaces has built a solid system that encourages regular use. While Ethereum’s dominance in decentralized applications and smart contracts remains unchallenged, Base’s ability to scale engagement quickly positions it as a powerful challenger. Recall that Base made headlines when it surpassed major blockchains in daily stablecoin volume. Coinbase’s Base Surpasses $2B in TVL Likewise, Base’s TVL also surpassed $2 billion in September 2024 . This placed the network one spot away from Arbitrum. Considering Base’s TVL at the beginning of 2024, this achievement stunned many in the ecosystem. Experts attributed the Base’s TVL increase to the Decentralized Exchange (DEX) Aerodrome. Base’s impressive growth trajectory has often resulted in network issues in the Coinbase ecosystem. This perhaps informed Coinbase’s decision to roll out plans to launch a web app . The app has been designed to serve as a central node for users, facilitating better portfolio management. The post Base Network Unveils Ambitious Growth Strategy for 2025 appeared first on TheCoinrise.com .
Wintermute predicts greater integration of cryptocurrencies with traditional finance this year. Institutional interest is growing, spurring innovative financial products and strategies. Continue Reading: Wintermute Predicts a Surge in Crypto Integration with Traditional Finance The post Wintermute Predicts a Surge in Crypto Integration with Traditional Finance appeared first on COINTURK NEWS .
President-elect Donald Trump unveiled his personal memecoin, TRUMP, on the Solana blockchain.
Solana’s SOL token erupted this weekend after the release of a meme coin tied to self-proclaimed ‘crypto president’ Donald Trump. According to data by Coingecko, SOL has increased by more than 16% in the past twenty-four hours, even as Ether plunged by 7%. Earlier, Solana’s gains had hit an intraday high of nearly 23%, making it the most profitable day for the token since this year started. Meme coin mania ignites Solana’s rocket Late Friday night, Trump announced on Truth Social that he was launching a meme coin called Official Trump (TRUMP) on the Solana blockchain and that instantly shook up the market. The token quickly hit $6 billion in trading volume. The entire crypto community is partying like it’s 1999, especially since the launch came hours after Gary Gensler, crypto’s public enemy #1, officially resigned. Meanwhile, Solana has always been pitched as a “faster, cheaper,” alternative to Ethereum. The blockchain hosts a wide range of DeFi projects, and since last year, it has become the meme coin capital of the world. PEPE, WIF, PENGU, and MOTHER are just a few of the meme coins that have now made Solana invaluable to the industry. But TRUMP is different. See, just twelve hours after launch, it became the largest meme coin on Solana. SOL has already risen 25% this year, after posting an 85% gain in 2024. Bitwise, VanEck, 21Shares, and Canary have all submitted applications to launch exchange-traded funds (ETFs) based on SOL, with a decision deadline set for January 25. And ProShares filed late Friday for four different ETFs tied to Solana. The Trump era A report from Bloomberg said Trump is preparing to deliver on a campaign promise to establish a crypto advisory council along with a strategic national reserve. But Wall Street isn’t entirely sold yet. JPMorgan analysts warn that while a pro-crypto White House and Congress is great and all, policy changes will likely take time to actually materialize. During the Biden administration, crypto projects dealt with so many SEC lawsuits and what many have called “banking discrimination” or “Operation Choke Point 2.0.” Bitcoin, on the other hand, remained in a consolidation phase since late December, after Federal Reserve Chair Jerome Powell’s inflation warnings eased following cooler-than-expected December reports. But Bitcoin ETFs have seen over $1 billion in inflows in just two days. JPMorgan said, “We don’t see a next wave of cryptocurrency [exchange-traded product] launches as being meaningful for the crypto ecosystem given much smaller market capitalization of other tokens and far lower investor interest.” A Step-By-Step System To Launching Your Web3 Career and Landing High-Paying Crypto Jobs in 90 Days.