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Trump Memecoins Tanked More than 50%: Is It The End or Just A Temporary Downfall?

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5 months ago

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With Donald Trump’s win in the 2024 US elections, the crypto enthusiasts’ daydreams have come true, as the crypto market is on the uptrend. In the last 24 hours, the global market capitalization has surged to $2.52T, and trading volume is up to $174 Billion, clearly signifying the traders’ rising interest. More importantly, most crypto coins have achieved new gains, including Bitcoin, Ethereum, and more, but the Trump memecoins have plummeted heavily, concerning holders for its future.

Analyzing The Trump Memecoins 50% Drop

With Donald Trump’s win, the biggest impact was on the Bitcoin price, which hit an all-time high of $76,460.15. More importantly, other popular altcoins have surged to new highs, but the Trump memecoins plummeted heavily. However, it does not mean that these tokens missed the market rally. Interestingly, they were the first to jump, witnessing quite a surge.

There are four Trump coins to buy, MAGA (MAGA), MAGA (Trump), Dark MAGA (DMAGA), and Super Trump (STRUMP), and these are also the most favored by investors. However, all these had a significant rally before tanking 50% today. Here, the TRUMP token is presently trading at $2.22 despite its peak of $4.6 on November 6 after the US election result. Around the same time, MAGA recovered to $0.0002048  before falling to $0.00009533 today.

The biggest drop is in the DMAGA token price, as at one point, it surged to $0.02034, which was quite close to its all-time high of $0.0232. However, now it has dropped to $0.005401, disappointing its holders. Last but not least, the same is the STRUMP, which is now worth $0.002345 despite yesterday’s peak of $0.0084.

Overall, all the Trump memecoins had a 180 shift in the last few hours, which is not what the holders have been waiting for.

What Are The Reasons Behind All These Trump Token Dips?

As per Arkham intelligence, Donald Trump’s crypto holdings include $1.33M worth of TRUMP tokens. Many crypto analysts claim that it is a positive factor that could boost Trump-themed coins after the election win. However, instead of gains, they are facing a major decline, and the biggest reason behind this is that investors have shifted to other popular cryptos like Bitcoin, Ethereum, and others.

Donald Trump token HoldingDonald Trump token Holding

It is one of the most common trading practices, where investors flock to rising cryptos or to those that offer long-term investment benefits. This is how a dormant Ethereum whale made $30M today after returning to the market after 8 years.

With this focus shift and heavy selling pressure on the Trump memecoins after sellers took advantage of the early rally, the tokens are following a downtrend. As a result, even Donald’s TRUMP holdings are facing a 27.3% drop, and the same is true with remaining holders. However, this might be a temporary consolidation, which happened after its sudden rise past Trump’s win.

More importantly, as the market is focused on bigger cryptos, popular memecoins like these might face high volatility for the next few days. Once the selling pressure cools off, these Trump tokens might regain strength, but the consolidation might continue for now.

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Pooja Khardia

With a deep-seated passion for reading and five years of experience in content writing, Pooja is now focused on crafting trending content about cryptocurrency market.

As a dedicated crypto journalist, Pooja is constantly seeking out trending topics and informative statistics to create compelling pieces for crypto enthusiasts. Staying abreast of the latest trends and advancements in the field is an integral part of her daily routine, fueling a commitment to delivering timely and insightful coverage

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Dogecoin Price Eyes 10x Breakout After Elon Musk Ghibli Anime

Published

2 hours ago

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March 27, 2025

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Dogecoin price has been showing major strength recently with more than 14% gains on the weekly chart and eyeing a potential breakout above $0.21, after which it can kickstart rally to $2 for another 10x gains. Furthermore, Elon Musk has once again teased DOGE, sharing a Ghibli Anime character of his from a famour scene from “The Lion King”.

Dogecoin Price Eyes A 10x Breakout Ahead

In the last 24 hours, the Dogecoin price has surged another 4%, moving to $0.205 with its market cap just touching $30 billion. Additionally, the daily trading volumes have surged more than 32%, crossing $2 billion showing a strong bullish sentiment aong traders.

Additionally, the Coinglass data shows that the DOGE futures open interest is also up 4%, moving above $2 billion, while the 24-hour liquidations have soared to $13.82 million. Popular crypto analyst CryptoELITES has cited the formation of a cup-and-handle chart pattern, wherein the DOGE price is on the move to complete the cup pattern. As a result, he expects the meme coin to register 10x gains from here onwards.

Source: CryptoELITES

Some traders also expect the DOGE price rally to continue to $8 as the meme coin breaks past the three-month trendline.

DOGE SuperTrend Indicator

Crypto analyst Ali Martinez has highlighted a potential bullish phase for Dogecoin (DOGE) based on the SuperTrend indicator. According to Martinez, the popular meme coin could enter a significant upward trend if it manages to break through the critical resistance level of $0.21.

The SuperTrend indicator usually helps to identify trend reversals and potential breakout points. Thus, surpassing this key threshold of $0.21 Dogecoin price could signal renewed investor momentum for the meme coin.

Source: Ali Martinez

Elon Musk Teases the DOGE Ghibli Anime

In a parody of the famous scene from Disney’s “The Lion King,” Elon Musk once again teases Dogecoin with the much popular Ghibli Anime character. Instead of a lion cub, the character is holding up a Shiba Inu dog – the mascot of the Dogecoin cryptocurrency.

The animated image is reminiscent of Studio Ghibli. The Ghibli Animes are seeing massive popularity recently, and Elon Musk jumping into the trend with DOGE, could provide further catalysts for the meme coin. Furthermore, the Dogecoin price prediction charts show a probable consolidation above $0.20 for the month of April.

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Bhushan Akolkar

Bhushan is a FinTech enthusiast with a keen understanding of financial markets. His interest in economics and finance has led him to focus on emerging Blockchain technology and cryptocurrency markets. He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Expert Predicts XRP ETF Approval Is Only A ‘Matter Of Time’ As Approval Odds Soar

Published

10 hours ago

on

March 26, 2025

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The possibility of an XRP exchange-traded fund (ETF) gaining approval is quickly becoming a reality, with experts predicting it is now only a matter of time before the U.S. Securities and Exchange Commission (SEC) gives the green light. Following a significant boost in market confidence, betting platforms, like Polymarket, show an 87% chance that the SEC will approve an XRP ETF by the end of 2025.

Ripple SEC Case End Sparks Optimism for XRP ETF

A positive outlook about an XRP exchange-traded fund’s approval has emerged after Ripple won its recent court battle. Ripple’s victory against the SEC dismantled a major barrier that prevented financial institutions from adopting its cryptocurrency. The court settlement has raised investor trust in the SEC’s approval process for an XRP Exchange-Traded Fund (ETF) thus many investors now expect approval.

According to Nate Geraci the president of The ETF Store an XRP ETF approval seems destined to happen. He predicted asset managers like BlackRock and Fidelity would dominate the space while asserting that the approval process stood just a matter of time away from completion. Geraci explains that XRP’s rising market cap position as the third non-stablecoin cryptocurrency provides institutional investors with an appealing opportunity.

“With Ripple’s legal troubles now behind it, the path to an XRP ETF approval seems clearer than ever,” Geraci noted.

XRP Market Sentiment and Polymarket Data

An increasing number of market participants expect XRP ETF approval as shown by Polymarket’s statistical analysis. Polymarket data shows investors believe the SEC will approve a spot XRP ETF before the year ends with an 87% probability.

This indicates widespread belief that the regulatory hurdles for the cryptocurrency are nearly cleared.

The introduction of an XRP ETF could trigger increased institutional interest much in the same way Bitcoin and Ethereum ETFs gained investor attention. An XRP ETF’s market entry would help traditional investors view digital assets more favorably because Bitcoin and Ethereum already demonstrated successful ETF integration.

Major Financial Firms Exploring XRP ETF

Major financial institutions like BlackRock and Fidelity among others will be instrumental in creating an XRP Exchange-Traded Fund Analysts predict BlackRock will shift its focus from Bitcoin and Ethereum to XRP ETFs because the cryptocurrency exhibits strong institutional appeal.

BlackRock’s head of ETFs, Jay Jacobs, had earlier stated that altcoins like XRP and Solana are not currently on their agenda. However, experts argue that the growing market demand and regulatory developments around XRP could soon change BlackRock’s stance.

Large asset managers including Fidelity play crucial roles when it comes to this particular market segment. The regulatory approval of XRP ETFs by the SEC will allow these financial institutions to launch XRP-related products. Such high-profile firms’ participation will speed up both the adoption and institutional utilization of XRP within portfolios.

XRP Price Predictions Amid ETF Optimism

As the market anticipates the approval of an XRP ETF, different analysts have made bold price predictions for XRP. Renowned trader Peter Brandt has recently shared his technical analysis, highlighting a potential head and shoulders pattern in XRP’s price.

This pattern suggests that if XRP falls below a certain level, it could lead to significant losses, with a target price of around $1.07. However, Brandt also acknowledged that if the cryptocurrency stays above the $3 mark, shorting XRP could be risky.

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On the other hand, cryptocurrency index fund manager Bitwise has offered a more optimistic price projection. Bitwise estimates that XRP could soar to as high as $29.32 by the end of the decade, assuming the cryptocurrency captures a meaningful share of the payments and tokenization sectors. In their “bull scenario,” Bitwise projects a price of $12.70 by 2030.

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Kelvin Munene Murithi

Kelvin is a distinguished writer with expertise in crypto and finance, holding a Bachelor’s degree in Actuarial Science. Known for his incisive analysis and insightful content, he possesses a strong command of English and excels in conducting thorough research and delivering timely cryptocurrency market updates.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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South Korea Urges Google To Block 17 Unregistered Crypto Exchanges

Published

18 hours ago

on

March 26, 2025

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As South Korea continues to strengthen its crypto regulations, the Financial Intelligence Unit (FIU) has requested Google to block access to 17 unlicensed crypto exchanges. These unregistered virtual asset service providers (VASPs) include KuCoin, MEXC, Phemex, XT, CoinEx, BitMart, and Poloniex, among many others.

Reportedly, Google has responded positively to the FIU’s request. As a result, South Korean users will no longer be able to access these listed platforms, effective yesterday.

South Korea Tightens Regulations: Google Blocks 17 Crypto Exchanges

In a recent development, South Korea’s FIU has requested Google to block users from accessing 17 unlicensed crypto exchanges, including KuCoin, MEXC, Phemex, XT, CoinEx, BitMart, and Poloniex. As part of the move, Google blacklisted these platforms since yesterday.

Notably, South Korea’s decision to block access to these crypto exchanges comes amid growing concerns over crypto theft and money laundering activities. Recently, South Korea announced its potential regulatory revamp in a move to strengthen the country’s anti-money laundering rules.

Google Restricts Downloads and Updates

The Financial Services Commission (FSC) enlisted 22 unregistered platforms on March 26. In response to the South Korean financial regulator’s request, Google has blocked users’ access to the crypto exchanges that are deemed unregistered. In addition, the Google Play Store will not allow users to download or update the applications of these crypto exchanges.

Meanwhile, the FIU asserted that the financial watchdog is collaborating with Apple Korea and the Korea Communications Standards Commission (KCSC) to block both internet and App Store access to these exchange platforms.

Interestingly, the FSC believes that this strategic measure could help prevent money laundering activities involving crypto assets and potential future harm to local users. This move comes just a few days after the FIU launched a crackdown on these exchanges. It is alarming that KuCoin, one of the top crypto exchanges, is also facing intense scrutiny from FIU.

South Korea’s Crypto Regulations: What To Expect More?

Significantly, South Korean regulators mandate crypto exchanges to adhere to the country’s licensing rules before offering services. The restrictions apply to foreign platforms that cater to Korean users by offering Korean-language interfaces, conducting targeted marketing campaigns, or facilitating transactions in Korean won.

According to FIU’s official statement, the platforms that violate these laws could face up to five years in prison or fines of up to 50 million won (approximately $34,150).

South Korea vs United States: Crypto Regulatory Views

South Korea’s rigid crypto regulations come amidst the United States’ loosened norms under President Donald Trump. While South Korea is restricting access to crypto exchanges and tightening regulations, the US is dismissing prevailing crypto lawsuits.

This distinct regulatory trend highlights the two countries’ differing approaches to balancing innovation and investor protection in the rapidly evolving crypto market. The wider implications of these approaches remain differing with South Korea’s caution likely to influence Asian markets and the US’s permissiveness potentially shaping Western regulatory norms.

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Nynu V Jamal

Nynu V Jamal is a passionate crypto journalist with three years of experience in blockchain, web3, and fintech spheres. She has established herself as a knowledgeable and engaging voice in the cryptocurrency and blockchain space. Her experience as an Assistant Professor in English Language and Literature has further added to her quest for crafting informative, well-researched, and accessible content.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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