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With Donald Trump assuming office as the US President, the crypto market has experienced heightened volatility. While some altcoins have surged, others have faced significant crashes, and many are gaining attention due to recent developments.
The Official Trump meme coin has bounced back strongly after forming a bottom at $32 with the TRUMP price up 20% at press time moving past $41. This surge comes amid developments of fresh TRUMP ETF filings with the US SEC on Tuesday.
The crypto market's surge preceding US President Donald Trump's inauguration appears to have lost momentum. This is reflected by the drawdown recorded in total market capitalization over the past 24 hours.
The U.S. President Donald Trump's newly launched crypto, TRUMP, has showcased impeccable performance since its inception. The meme coin's price skyrocketed, allowing it to reach an all-time high of over $73.
TL;DR President Trump's inaugural speech avoided crypto topics, causing TRUMP and MELANIA tokens to crash. TRUMP token dropped 43%, while the MELANIA token plunged over 60% due to unmet crypto policy expectations. Experts warn of the risks of celebrity-driven tokens and emphasize the speculative nature of meme coins.
The meme coins tied to President Donald Trump (TRUMP) and Melania (MELANIA), which skyrocketed in popularity and nearly doubled in value within hours, are now in freefall. However, token prices have crashed by 60% in just one day, as traders react to Trump's omission of crypto from his much-anticipated inaugural speech.
Two crypto whales bought 307,400 TRUMP , investing $7.06M and $3.167M during a price dip.
Several altcoins are gaining attention today, driven by growing interest in political and celebrity-themed cryptocurrencies. Among the standout performers is TRUMP, Donald Trump's official coin, which skyrocketed to a $15 billion market cap within just 24 hours of its debut.
Last Friday, Donald Trump announced the launch of his new cryptocurrency, Official Trump (TRUMP 10.64%). The meme coin has gotten off to an explosive start.
With the broader crypto market seeing a surge in activity just hours before Donald Trump's inauguration, attention is shifting to key altcoins that could see significant movement in the coming days.
An indicator called the cumulative volume delta shows traders are either shorting perpetual futures or closing long positions.
Ever since Donald Trump was elected as the new president of the U.S., the crypto markets have turned extremely bullish. A couple of crypto-favourable moves raised optimism, which pushed the Bitcoin price beyond the $100K milestone.
Dogecoin is outperforming the market as Donald Trump leads the race to the White House. Moreover, the volume over Bitcoin surged above $81 billion, almost doubled compared to the previous day, resulting in a new ATH at $75,000.
The crypto market became more active on Election Day. Bitcoin (BTC) prices officially hit a new all-time high amid investor anticipation of Donald Trump becoming the new US president.
The decline in Harris-themed tokens was starkly contrarian to the rise in Trump-themed tokens.
The US elections are on the cards as the top ones, like Dogecoin & Shiba Inu, are gaining back the lost attention. While the entire market is consolidating on election eve, these memecoins have been performing well, with a notable rise in the social sentiments as well.
As the US Presidential elections draw closer, political meme-based altcoins are gaining traction. Increased uncertainty has pushed some tokens to appreciate significantly while others remain stable.
With former President Donald Trump topping the charts on Polymarket, a popular predictions platform, the political finance (politifi) tokens have enjoyed a strong 16.7% boost in the past 24 hours. All ten of the leading politifi tokens are in the green, with many showing double-digit gains.
The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.
Political-themed memecoins completely outpaced all other memecoin categories this year and Donald Trump has just dropped another NFT collection.
A recent disclosure of Donald Trump's financial interests shows he holds millions of dollars in cryptocurrency as well as receiving considerable income from NFT licensing fees.
TL;DR Donald Trump-linked memecoins have plummeted following his interview with Elon Musk and Kamala Harris's positive advance in the polls. The Kamala Harris-inspired memecoin, KAMA, has experienced a 16% increase over the past week.
The team behind one of the famous Donald themed tokens called MAGA revealed their faces during Bitcoin conference 2024 at Nashville. This is the first time some meme coin team has shown their faces to the world. Let's explore what this means for the MAGA token and for the investors.
MAGA is painting a classic bullish reversal pattern right ahead of Donald Trump's keynote at the upcoming Bitcoin 2024 conference in Nashville.
