Overzealous hopes for Trump’s crypto actions last week had primed the market for a pullback, but the decline could be already over, said Standard Chartered’s Geoff Kendrick.
An analysis of wallets showed 77% of TRUMP holders earned less than $100, with over 80% of TRUMP or MELANIA holders likely to be investors who held less than $1,000 worth of Solana-based assets.
Caroline Pham, the CFTC’s interim chief elevated by President Donald Trump, has cleared the decks of the derivatives regulator’s senior officials.
Veri shows TRUMP amassed over $19 billion in volumes over a 24-hour period, while MELANIA saw $4.5 billion exchange hands.
The buying frenzy came after WLFI token sales picked up ahead of Donald Trump’s inauguration.
Google veri show peak retail interest in cryptocurrencies as the market gears up for Trump’s inauguration speech.
Such fees are remarkably high for a low-cost blockchain, when transactions typically take fractions of a cent to settle.
XRP’s price rise is accompanied by record perpetual futures open interest and surge in trading volumes.
Growing speculation of a potential spot XRP ETF is one of the factors driving the surge, one crypto analyst said.
Bitcoin has been consolidating in a range 10%-15% below record highs as investors largely tempered expectations of further interest rate cuts.