Plus: The FBI foils a crypto ransom plan
GM. This is your day by day dose of crypto nutritional vitamins: squeezed, stirred, and served chilly to maintain you feeling refreshed.
🦅 Trump.
🍋 Information drops: Trump + extra Trump
… jk, however probably not. He is all over the place.
🍍 Market taste in the present day
The day each crypto bro circled in pink is lastly right here: Donald Trump’s inauguration.
How’s the market reacting thus far? Nicely, the Concern & Greed Index is at 76, which suggests buyers are feelin’ bullish, and Bitcoin reached a brand new all-time excessive above $109K.
What’s contributing to the hype?
Bitcoin ETFs had $2.3B in inflows final week;
One of many Fed governors hinted at a potential rate of interest lower in March (making borrowing cheaper, which frequently encourages extra investing);
FOMO is at full velocity – Google searches for ” purchase crypto” broke a brand new file.
In the meantime, after regardless of the f*ck occurred with Trump fam memecoins this weekend (extra on that mess in a bit), Solana set a brand new ATH of over $290.
So yeah, let’s not waste any extra time – take a fast take a look at another memecoins 👇 after which we’ll get into the Trump token drama.
🥝 Memecoin harvest
… lmao, what “different” memecoins? 🤠 There are not any “others” in the present day – actually EVERYTHING is concerning the Trumps:
Identify
24H Change
Official Barron Meme BARRON
▲17K%
Melania Meme MELANIA
▲15K%
OFFICIAL IVANKA IVANKA
▲5.8K%
PERSON OF THE YEAR POTY
▲856%
Information as of 08:30 AM EST.
Take a look at these memecoins and lots extra right here.
To all y’all who left your jobs and texted each group chat that you just’d “make it” on January 20 – the wait is over. Trump’s about to be sworn in because the forty seventh president of the US.
We have talked quite a bit about why the crypto neighborhood waited for in the present day. Trump’s guarantees – like making a nationwide Bitcoin reserve and establishing a crypto council – had ’em on the lookout for the closest place to lastly get that Lambo.
However, uh… let’s simply say what occurred this weekend wasn’t the “higher crypto future” we anticipated.
It began when Trump dropped this bombshell on social media:
Some thought the account obtained hacked; others speculated that Trump was trolling… however no – hours glided by, and the tweet stayed up. The TRUMP memecoin was actual.
And never simply actual – what it did to the market made me imagine in miracles:
Hit a $15B market cap;
Ranked because the thirteenth largest crypto for a second (it overtook XLM, SUI, and HBAR);
Oh, and it made Trump a memecoin billionaire. Penning this felt weird, NGL.
All that in LESS THAN 48 HOURS. What an trade, huh?
However you recognize what is the craziest half? This story’s simply getting began.
Lower than a day later, Melania Trump ALSO launched her personal memecoin.
🤠 You may’t persuade me this isn’t a fever dream.
MELANIA did not come right here to play, both:
Shot as much as a $2B market cap;
Instantly triggered TRUMP to crash – it dropped from $74 to $38 (… is that this the crypto model of “blissful spouse, blissful life?”)
As you might’ve guessed, this complete scenario made everybody go loopy go silly. Over the weekend, DEX buying and selling volumes on Solana (the place these cash launched) broke information as they hit $27B.
Really, not solely information – it broke the goddamn blockchain itself. Solana obtained so congested that almost all customers could not even commerce for a few hours.
And that is nonetheless not the top of the drama. Bubblemaps entered the chat to disclose that 80% of TRUMP and 89% of MELANIA tokens are held by single clusters (aka, insiders).
Mainly, this began wanting an entire lot like a money seize, and other people weren’t thrilled. Some even known as it the most important mistake earlier than a Presidential inauguration.
However hey, we’re being optimistic in 2025, proper?
Professional-crypto rules: if nothing else, Trump’s clearly embracing crypto, which may imply a friendlier regulatory setting;
Onboarding no-coiners: a president launching a memecoin? That is gotta deliver some new faces into the trade.
Wild occasions. No concept what to anticipate later down the road, however I am certain it will be entertaining.
Liking the juice? 🍋 Don’t gatekeep this one – share the Every day Squeeze and let your mates get a style of Web3 sweetness!
Honest warning, tho’: you’ll have to hold the burden of changing into a hero.
🍋 Information drops
🛍 World Liberty Monetary, the Trump-linked DeFi platform, went on an Ethereum procuring spree – they spent $48M to get 14,403 ETH.
🚔 The FBI foiled a plan to kidnap a Miami jeweler holding $2M in crypto. As if that wasn’t dangerous sufficient, the group known as themselves “goons” 😐 … They need to go to jail only for that title.
📝 Wyoming dropped a invoice to create a Strategic Bitcoin Reserve. Yeah, the race to hodl BTC can be a factor.
🪪 Crypto.com has change into the primary main crypto firm to get an in-principle MiCA license. Full approval means they’re going to quickly be offering their companies throughout the EU below the brand new guidelines.
🤑 If BTC’s gonna really feel that Trump pump, you may want the fitting change. Don’t be concerned – we have got you lined with a information to one of the best ones.
🍌 Juicy memes
