cryptocurrency
TRUMP, MAGA, and other Trump-themed tokens crash after election day
Published
3 months agoon
By
adminDonald Trump-themed meme coins TRUMP, MAGA, TREMP, and STRUMP have tanked, with their total market capitalization down over 21% on the day, after Trump secured a victory in the U.S. election.
MAGA (TRUMP), the largest Trump-themed meme coin in terms of market cap fell 50.7% over the past 24 hours, exchanging hands at $1.71 when writing. The altcoin’s market cap fell from $212 million seen on Nov. 6 to $79 million when writing.
MAGA Hat (MAGA) a meme token inspired by Trump’s iconic red hat worn during his political campaigns also collapsed by 51% with its market cap falling to $39 million.
Dark MAGA (DMAGA) which saw the highest gains on Nov. 5, climbing from $0.008 to $0.0018 overnight. The meme coin has since plunged by 62% from its pre-election level and was trading at $0.0045, wiping out over $13.5 million from its market cap. Similarly, Super Trump (STRUMP) also faced a sharp drop of 54.9%, with its market cap shedding $11 million.
Other popular meme coins that previously capitalized on Trump’s presidential victory but have crashed at press time, include Doland Tremp (TREMP), TRUMPCOIN, TRUMP 47 (47), and Pepe Trump (PTRUMP) which suffered losses between 50-65%.
Traders seemed to have sold the news, a familiar trend for meme coins, which often experience sharp sell-offs after hype peaks—just as with Dogecoin (DOGE), the industry’s first and largest meme coin.
Source link
You may like
Bitcoin Price Is Trading In This Bearish Flag — What’s The Downside Target?
One More Big Leg up Coming for Crypto Markets, According to Widely-Followed Analyst
Grayscale Investments Launches Bitcoin Miners ETF
What Are Pudgy Penguins? The Ethereum NFT Collection and Toy Brand
Cardano and XRP holders explore new meme coin sensation
BTC Price Slips Below $100K as Canada’s Trudeau Retaliates to Trump’s Tariffs
Altcoins
Dogecoin Whales Go Ham As They Buy 560M DOGE In One Week
Published
17 hours agoon
February 2, 2025By
adminDogecoin whales are making moves again, scooping up a whopping 560 million DOGE tokens in just one week, as market conditions become more favorable. This large-scale purchase underscores the renewed interest and growing confidence in Dogecoin’s future potential. As demand surges, crypto community members ponder the reasons behind the massive accumulation and the impact on the price of Dogecoin.
Related Reading
Dogecoin Whales Gobble Up 560 Million Tokens
Dogecoin‘s biggest players are back in action, as reports from crypto analyst Ali Martinez reveal that these deep-pocketed investors, often called “Whales,” have been aggressively adding to their Dogecoin holdings. Whale transactions, typically defined as transfers exceeding $100,000, have risen lately, suggesting strategic accumulation among investors.
Martinez disclosed in his X (formerly Twitter) post on January 31 that Whales have accumulated 560 million DOGE tokens in one week. This significant Whale activity comes after the market experienced a deep selloff, with many investors opting to liquidate their bags for profit due to bearish market conditions.
Following its explosive surge in December, Dogecoin has been struggling to reclaim previous price highs and spark a rally past its ATH of $0.74. The cryptocurrency had risen above $0.4 initially, triggering excitement amongst analysts as multiple bullish predictions spread the market. After this significant price increase, the Dogecoin price declined towards the $0.3 zone and has been attempting to break resistance levels ever since.
Due to bearish pressures and unexpected declines, the market experienced an intense sell off. However, now, Dogecoin whales seem to be diving back into the market with vigor, gobbling up as many DOGE tokens as possible.
Just before Donald Trump’s Presidential inauguration, Martinez reported in another X post that Dogecoin whales had initiated a monumental transaction, acquiring a whopping 1.83 billion DOGE tokens within 48 hours. This massive buying spree has caught the attention of crypto community members, with many pondering the impact of these large-scale transactions.
Notably, a crypto member, Mohd Atif, had commented on the recent rise in whale activity, highlighting that these Dogecoin Whales may possess insights into the meme coin’s future price trajectory, as a surge in accumulation often shows increased confidence in a cryptocurrency’s potential. The crypto member went on to predict that a $1 price leap for Dogecoin, possibly driven by the activities of these large-scale investors.
Analyst Predicts ‘Massive Rally’ For Dogecoin Price
While Dogecoin Whales are buying up more tokens, the price of the meme coin is getting ready for a potentially massive rally. Crypto analyst Trader Tardigrade shared a distinct price chart, highlighting past trends when Dogecoin experienced a rally to new highs.
Related Reading
In 2017, the meme coin skyrocketed to its highest level, experiencing a similar upward surge in 2021 during the previous bull run. With the 2025 bull market already ongoing, Trader Tardigrade believes that the Dogecoin price could have a repeat of historical trends and potentially surge to a new ATH target of $3.8.
Featured image from Pexels, chart from TradingView
Source link
Altcoins
Third Dogecoin ETF Filing Goes Live From Grayscale, Is DOGE Gearing Up For Rally To $1?
Published
1 day agoon
February 1, 2025By
adminAsset manager Grayscale has become the third to file to offer a Dogecoin ETF, sparking a bullish sentiment in the DOGE community. This development has also raised the possibility of the Dogecoin price rallying to $1 soon enough.
Related Reading
Grayscale’s Dogecoin ETF Filing Sparks Optimism Of DOGE’s Rally To $1
Grayscale’s Dogecoin ETF filing has sparked optimism of a DOGE rally to $1. The New York Stock Exchange already filed the 19b-4 form with the US SEC to list and trade shares of Grayscale’s DOGE Trust. Grayscale is looking to convert the Trust into an ETF, which will make it tradeable on the NYSE.
This Dogecoin ETF filing, which is the third following the one from REX Shares and Bitwise, has further sparked optimism that DOGE could indeed reach the psychological $1 level. A potential Dogecoin ETF is bullish as it would drive institutional inflows into the DOGE ecosystem, sparking further rallies for the foremost meme coin.
Such fundamentals could serve as the catalyst for price predictions made by crypto analysts like Trader Tradigrade, who predicted that DOGE could rally above the $1 mark. In an X post, the crypto analyst remarked that the Dogecoin price is gearing up for a massive rally. His accompanying chart showed that the foremost meme coin could surge past the $1 mark and reach $3.8 when this rally occurs.
News around the Dogecoin ETF could spark a bullish reversal for the Dogecoin price, with this reversal already looking imminent. In another X post, Trader Tardigrade revealed that DOGE’s MACD Golden Cross is approaching. With the ascending triangle pattern and consecutive higher lows, the analyst further remarked that the meme coin could potentially reverse the downtrend into an uptrend.
DOGE’s Uptrend Could Begin This February
In a recent X post, crypto analyst Master Kenobi suggested that Dogecoin’s uptrend could begin this February. This came as the analyst alluded to DOGE’s performance last year. He noted that February 4th marked the first signs of an uptrend. With the month of February here again, Master Kenobi raised the possibility of history repeating itself.
However, it is worth mentioning that February isn’t exactly a historically bullish month for Dogecoin,. Since its launch in 2013, the foremost meme coin has recorded only an average monthly gain of 0.81% in February. However, as these analysts have suggested, there is still the possibility of a DOGE rebound this month, replicating the 50% gain recorded in February last year.
Ahead of this potential Dogecoin price rebound, Dogecoin whales have been actively accumulating. Crypto analyst Ali Martinez revealed that these whales have accumulated 560 million DOGE in the past week, which signals a renewed interest from large holders.
Related Reading
At the time of writing, the Dogecoin price is trading at around $0.32, down almost 1% in the last 24 hours, according to data from CoinMarketCap.
Featured image from Unsplash, chart from TradingView
Source link
Altcoin
Lido Spikes 20% Following Kraken’s Staking Relaunch In Select US States
Published
2 days agoon
February 1, 2025By
adminAsh is a dedicated crypto researcher and blockchain enthusiast with a passion for diving deep into the evolving world of decentralized technologies. With a background in writing and a natural curiosity for how digital assets are shaping the future, he has immersed himself in various sectors of the cryptocurrency space, including decentralized finance (DeFi), NFTs, and liquidity mining. His journey into crypto started with a desire to fully understand the technology behind it, leading him to explore and engage with these systems firsthand.
Ash’s approach to DeFi goes beyond surface-level research as he actively participates in decentralized protocols, testing their functionality to gain a deeper understanding of how they operate. From experimenting with staking mechanisms to exploring liquidity mining strategies, he is hands-on in his exploration, which allows him to provide practical, real-world insights that go far beyond theoretical knowledge. This immersive experience has helped him develop a comprehensive grasp of smart contracts, token governance, and the broader implications of decentralized platforms on the future of finance.
In the NFT space, Ash’s interest is driven by the technology’s potential to reshape ownership and creativity in the digital age. He has explored various NFT projects, gaining insights into how these digital assets function within different ecosystems. His focus is on understanding the evolving relationship between creators and communities, as well as the innovative uses of blockchain technology to establish authenticity and provenance in the digital world. Ash’s research in this area often touches on the intersection of culture, technology, and community-driven projects.
A key area of his expertise lies in liquidity mining, where he has engaged with various decentralized platforms to understand how liquidity provision contributes to the functionality and security of DeFi ecosystems. Ash’s hands-on involvement has allowed him to analyze the risks, rewards, and broader implications of liquidity pools, giving him a well-rounded perspective on this integral part of DeFi. His understanding of risk management and protocol design allows him to provide insights into how these systems can be navigated effectively, with an emphasis on both opportunity and caution.
When it comes to communicating these complex topics, Ash’s writing is grounded in clarity and depth. He excels at breaking down intricate blockchain concepts into easily digestible information for a wide audience. Whether explaining the workings of decentralized exchanges or outlining the future potential of blockchain technology, Ash ensures that his content is accessible to both those new to the space and experienced participants looking for deeper insights.
Beyond DeFi and NFTs, Ash explores a wide array of emerging blockchain applications. His research spans areas like cross-chain technologies, decentralized governance, and blockchain’s potential to integrate with traditional finance. He is continuously learning and adapting to the latest developments, ensuring that his insights are both timely and relevant. His interest extends to how these technologies are creating new possibilities for decentralization, transparency, and trust in a variety of industries.
Ash’s commitment to engaging with the crypto space firsthand gives him a unique perspective that goes beyond what can be learned from research alone. His practical involvement allows him to stay ahead of the curve, offering readers and enthusiasts a clear and comprehensive understanding of the rapidly evolving world of blockchain. Whether delving into the technical mechanics of DeFi or exploring the cultural impact of NFTs, Ash’s approach is always rooted in curiosity, research, and a desire to make this technology accessible to all.
Source link
Bitcoin Price Is Trading In This Bearish Flag — What’s The Downside Target?
One More Big Leg up Coming for Crypto Markets, According to Widely-Followed Analyst
Grayscale Investments Launches Bitcoin Miners ETF
What Are Pudgy Penguins? The Ethereum NFT Collection and Toy Brand
Cardano and XRP holders explore new meme coin sensation
BTC Price Slips Below $100K as Canada’s Trudeau Retaliates to Trump’s Tariffs
TRUMP Price Crashes 13% Despite Donald Trump’s Pump Attempt, What’s Next?
XRP At Critical Juncture As Price Restests 21 EMA
Bitcoin and Gold Are the Cleanest Artificial Intelligence Plays, Says Macro Guru Luke Gromen – Here’s Why
Czech National Bank To Assess Bitcoin as Part of Reserve Strategy
ETH Outperforms, Gold hits ATH, Saylor on Forbes cover
How Many Official Trump Coins Are There?
Bitcoin Price (BTC) Sinks as Trump Starts Trade War
Why ETH May Drop Below $3,000 in February 2025
Dogecoin Whales Go Ham As They Buy 560M DOGE In One Week
Arthur Hayes, Murad’s Prediction For Meme Coins, AI & DeFi Coins For 2025
Aptos Leverages Chainlink To Enhance Scalability and Data Access
Bitcoin Could Rally to $80,000 on the Eve of US Elections
Institutional Investors Go All In on Crypto as 57% Plan to Boost Allocations as Bull Run Heats Up, Sygnum Survey Reveals
Crypto’s Big Trump Gamble Is Risky
Ripple-SEC Case Ends, But These 3 Rivals Could Jump 500x
A16z-backed Espresso announces mainnet launch of core product
Xmas Altcoin Rally Insights by BNM Agent I
Blockchain groups challenge new broker reporting rule
Trump’s Coin Is About As Revolutionary As OneCoin
Ripple Vs. SEC, Shiba Inu, US Elections Steal Spotlight
Expert Sees Bitcoin Dipping To $50K While Bullish Signs Persist
Will Ethereum Price Fail $3,000 Breakout as Whale Selling Prolongs?
Charles Hoskinson Issues Major Cardano Lace Wallet Update
Spot ETFs Fail To Ignite Bitcoin Growth – Analyst
Trending
- 24/7 Cryptocurrency News3 months ago
Arthur Hayes, Murad’s Prediction For Meme Coins, AI & DeFi Coins For 2025
- 24/7 Cryptocurrency News3 weeks ago
Aptos Leverages Chainlink To Enhance Scalability and Data Access
- Bitcoin3 months ago
Bitcoin Could Rally to $80,000 on the Eve of US Elections
- Bitcoin3 months ago
Institutional Investors Go All In on Crypto as 57% Plan to Boost Allocations as Bull Run Heats Up, Sygnum Survey Reveals
- Opinion3 months ago
Crypto’s Big Trump Gamble Is Risky
- Price analysis3 months ago
Ripple-SEC Case Ends, But These 3 Rivals Could Jump 500x
- Blockchain3 months ago
A16z-backed Espresso announces mainnet launch of core product
- Video2 months ago
Xmas Altcoin Rally Insights by BNM Agent I