Author: Benjamin Lee
Former Coinbase executive Balaji Srinivasan thinks Trump should consider airdropping his newly launched official memecoin to his supporters. Srinivasan tells his 1.1 million followers on the social media platform X that Trump is “now strongly incentivized to legalize cryptocurrency in the most aggressive way possible.” But he also argues there’s an “alignment problem” with the new TRUMP coin. “As context: the CEO of a company is typically one of the largest shareholders, but he is aligned with all his employees because they hold the same shares. All holders rise and fall as one, ideally. By analogy, you would ideally want…
With the cryptocurrency market eyeing a stellar 2025 amid a new wave of optimism, new crypto project Remittix (RTX) is trending. The altcoin looks to have stolen the shine off XRP (XRP) early on as its presale hits $4 million. But what’s driving the interest in this project? Could the new era for crypto under President Donald Trump be the catalyst that pushes RTX to the top of the payments finance, or PayFi world? What is Remittix (RTX)? XRP and Stellar (XLM) have stood out as crypto solutions aim to revolutionize the remittances and cross-border payments space. XRP’s massive traction…
A closely followed analyst who nailed the pre-halving Bitcoin correction last year thinks altcoins are close to igniting big rallies and outperforming BTC. Pseudonymous analyst Rekt Capital tells his 531,500 followers on the social media platform X that the altcoin market is at a stage where it is being overlooked by most traders. But the trader notes that the prevailing bearish sentiment is setting the stage for altcoins to ignite upside bursts, leaving many traders on the sidelines. “February has been a strong month for altcoins in both 2023 and 2024. Could altcoins enjoy a strong February for the third…
First Lady Melania Trump has launched her own memecoin on the Solana (SOL) blockchain, which quickly skyrocketed to a valuation exceeding $9.4 billion just hours after its release. Melania Trump’s social media platform X account suddenly announced that MELANIA was live for trading on Sunday. According to Bubblemaps, there are major discrepancies between MELANIA’s reported tokenomics and actual distribution. “JUST IN: The bubble map of MELANIA does NOT match the distribution on their website.” Source: Bubblemaps/X Bubblemaps is not the only prominent crypto voice questioning the launch of First Lady’s new coin. Former White House Communications Director Anthony Scaramucci expressed…
Investor Chris Burniske says that Donald Trump’s recent launch of his official memecoin could help usher in a new phase of free experimentation and capital flows in the crypto space. Burniske, a former ARK analyst and current partner at venture firm Placeholder, says in a post on the social media platform X that he doesn’t plan on buying TRUMP, but notes that its launch is “catching eyeballs everywhere” and potentially encouraging others to embark on projects in a similar manner. President Trump launched TRUMP late on Friday and it quickly skyrocketed to a $64 billion fully diluted valuation (FDV). Burniske…
The team behind President Donald Trump’s crypto operations reportedly sent nearly a hundred million dollars worth of the TRUMP meme token to digital asset exchanges. According to blockchain analytics firm Arkham, Trump’s team has so far sent $92 million worth of TRUMP to crypto exchanges Arkham notes that the Trump team locked up 80% of the supply, with 10% reserved to provide liquidity and another 10% planned for public distribution. “100 million TRUMP was sent to the TRUMP Liquidity Provider, which added liquidity on Meteora.8tKLhRyFC3RsQ41APTqKdzr9DdeGqV2RtRgSjVgsY4xb another 10% was split between three wallets: Initial TRUMP Deployer (kept 14 million TRUMP)5e2qRc1DNEXmyxP8qwPwJhRWjef7usLyi7v5xjqLr5G7 TRUMP…
The team behind President Donald Trump’s crypto operations is on an aggressive accumulation spree of crypto assets before and during the 2025 inauguration ceremony. According to blockchain intelligence and “de-anonymizing” platform Arkham, World Liberty Financial (WLFI) – the Trump family’s crypto project – bought over $50 million worth of cryptocurrencies in the hours leading up to the new President being sworn in. Trump’s purchases include blockchain oracle service Chainlink (LINK), lending platform Aave, Justin Sun’s TRON (TRX), synthetic dollar protocol Ethena (ENA), top smart contract Ethereum (ETH) and the Ethereum-based Bitcoin Wrapped BTC (WBTC). “TRUMP’S WORLD LIBERTY FI BUYING $50M+…
Top US-based crypto exchange platform Coinbase has added President Donald Trump’s official memecoin to its listing roadmap. In a post on the social media platform X, Coinbase announces the addition of Official Trump (TRUMP) – which launched late last week – to its roadmap. Being added to Coinbase’s listing roadmap means that the crypto exchange is considering supporting the asset in the future. Coinbase uses the listing roadmap to prevent insider trading and the front-running of tokens prior to them being listed. TRUMP is trading around $58.45 after a parabolic run-up since launch. According to data from CoinGecko, TRUMP’s fully…
Prominent crypto analytics platform Santiment is alerting that several altcoins may be flashing a bearish signal. In a post on the social media platform X, Santiment says that some altcoins – including Sam Altman’s digital identification platform Worldcoin (WLD) and memecoin SPX6900 (SPX) – are being sent to exchanges in relatively large volumes. Generally speaking, coins being sent to exchanges is bearish since it implies more of the supply is available to be sold off on the open market. Other coins flashing the bearish signal include the governance token of the cloud-based blockchain platform Onyxcoin(XCN), the native asset of the…
A widely followed trader who nailed the crypto bull market top in 2022 believes the altcoin market is gearing up to spark an upside burst. Pseudonymous analyst Pentoshi tells his 843,900 followers on the social media platform X that he’s keeping a close watch on the OTHERS chart, which tracks the market cap of all crypto excluding the 10 largest coins and stablecoins. According to Pentoshi, OTHERS is flashing a bullish continuation signal as it threatens to take out its final resistance at around $500 billion. “Say what you will, but alts look great as a whole here. Bull flag/consolidation…