A prominent cryptocurrency whale suffered a $207,000 loss from trading the Official Trump (TRUMP) meme coin within an hour on March 23rd. Interestingly, this whale had previously turned an investment of 1.09 million USDC into nearly $108 million by purchasing 5.97 million TRUMP tokens at an earlier stage. $207K Gone in an Hour According to...Read More
World Liberty Financial Initiative (WLFI), the cryptocurrency project backed by US President Donald Trump, has concluded its token sale. During the process, it amassed approximately $590 million. This places WLFI among the top 10 largest token raises in history, as per data from ICODrops. WLFI Token Sale Unlike traditional cryptocurrencies that can be freely traded, WLFI...Read More
Bubblemaps, in collaboration with popular YouTuber Stephen Findeisen a.k.a. Coffeezilla, has identified pseudonymous crypto trader Naseem as the likely account that profited over $100 million trading the official TRUMP meme coin. While the research does not definitively prove Naseem is behind the trading activity, Bubblemaps stated that there are “too many connections to ignore.” Blockchain...Read More
Keith Grossman, President of the cryptocurrency exchange MoonPay, has revealed that the digital asset services firm Galaxy Digital and the blockchain infrastructure provider Ripple Labs helped his company handle the weekend boom that came with the launch of the Official Trump (TRUMP) meme coin. Speaking at the When Shift Happens podcast, Grossman explained that Galaxy...Read More
Once dismissed as gimmicks, meme coins are now backed by influential figures and even state-led initiatives. However, while adoption surges, regulatory oversight remains absent. The Regulatory Debate Continues According to the US Securities and Exchange Commission (SEC) Commissioner Hester Peirce, many of the meme coins in the market today do not come under the regulatory...Read More
Both TRUMP and MELANIA have plunged significantly from their pre-inauguration frenzy. To top that, certain industry experts also expect the two meme coins to test regulators’ boundaries under President Trump. While intense scrutiny continues, newly revealed data estimates that Trump has made hundreds of millions from his own meme coin launch. Trump’s Crypto Windfall According...Read More
US President Donald Trump’s surprising launch of the Official Trump (TRUMP) meme coin fueled a frenzy as fans and day traders pushed billions of dollars in trading volume. A day later, First Lady Melania Trump joined the trend with her own meme coin, Official Melania (MELANIA), which added to the cryptocurrency craze. But the result...Read More
