Critics have raised concerns about the legitimacy of the token and its circulation with insiders.

Only 20 percent of the one billion TRUMP coins are in circulation, with the remaining 80 percent to be released over the next 36 months.
U. S. President-elect Donald Trump sparked a major debate in the #cryptocurrency sector when he released his official #meme coin (TRUMP) on the Solana exchange (SOL) two days before his inauguration.
An announcement made on January 17 via Trump's Truth Social account said the tokens were issued in honor of Trump and his victory.
Initial speculation spoke of a possible hack, but that was soon confirmed, and Trump became the first U. S. president to endorse the meme coin.
Like other coins, the TRUMP meme coin has been criticized for its lack of real-world applications. Critics and analysts say that using the Trump administration's stance to support cryptocurrencies is questionable.
YouTuber Stephen Findeisen, also known as Coffeezilla, criticized the timing of the project. 1 Jan. In a post dated January 18, he called the coin launch unethical and expressed concern that 80% of the coins were distributed among Trump's inner circle. Findeisen called the situation a disappointing performance as inexperienced investors risk large losses.
*It should be a crime, but is the crime now legal?Economist Peter Schiff, who has consistently rejected cryptocurrencies, sarcastically mocked the coin. sarcastically mocked the coin by comparing it to bitcoin. Former Trump aide Anthony Scaramucci called it corrupt and warned that it could have a negative impact on the entire cryptocurrency market.Cryptocurrency authority Max Schwartzman said that the TRUMP COIN site is a good example of Trump's previous projecti0- He stated that Trump's account could have been hacked because it has the same design as #NFT .'NFT'

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Will Solana reach the $500 mark? Solana reached an all-time high of $270.67 today, which is a major milestone for the cryptocurrency.

However, after reaching this high, the price of the #cryptocurrency plummeted and is currently trading at $BTC the rise in the price of #Solana is explained by an unexpected event: the recently inaugurated US President Donald Trump launched memcoin and chose Solana as his #blockchain network. This unexpected announcement has caused a wave of excitement in the cryptocurrency market.
As the rise continues, controversy is brewing about how far the price of Solana can rise. Cryptocurrency analyst Andrew Kang, known for his previous market predictions, suggested that Trump's move could signal a larger Solana-related initiative, which could be related to the U. S. Strategic Reserve Project. Kang suggested that the solan exchange rate could soar to $500 within a year.
If solan reaches this expected price, its market capitalization would rise to a staggering $250 billion. For now, the market continues to be crowded with speculation, and all eyes are on whether Solana can maintain its upward momentum.
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The cryptocurrency market is key now, with signs of the downside phase of a correction already being seen and progressively weakening momentum afterward.
What’s notable is the lack of movement from Binance Futures whales, typically considered market influencers during major market phases.
The absence of intervention has led to considerable doubt over the capacity for a near-term recovery and has left markets questioning.

Whales Remain on the Sidelines
Historically, Binance futures whales have always been critical in stabilizing market corrections when those corrections are at the bottom of a downward cycle.
For the most part, 2 major patterns characterize their actions, namely the Purple Box and Green Box patterns.

These patterns have given us valuable insights into whale activity and are precursors to market reversals.
Sharp market declines induce the Purple Box pattern, as whales absorb liquidity, which creates a sharp and rapid increase in the market buy ratio.
This pattern shows that a large market player is entering to negate selling pressure, often bringing a bounce.

At the same time, the Green Box pattern is observed over a relatively prolonged period of sideways movement.
Whales here slowly pile into our positions, as you can tell from the steady upward trend in MBR.
This is an accumulation phase before a breakout, and the large investors grow in confidence, accumulating more.

In the previous price correction moving the market to 89k, neither of the Purple Box or the Green Box patterns could be seen.
But the fact that whales have not intervened here appears a marked departure from past market behavior, leaving traders and analysts baffled about the new market dynamics.

Momentum Weakens Amid Growing Sell Pressure
A further urgent point is the market losing momentum. This trend is visualized in the attached chart, which focuses on the important stablecoin exchange net flows.
In the chart, the yellow histogram is the 36-hour moving average of stablecoin net flows to exchanges. We are seeing a recent uptick in these inflows, which hints at more selling.

Traders use stablecoins as a medium to move funds onto an exchange to be sold. This rise in netflows of stablecoins generally coincides with increased sell pressure on the market.
While whales historically overcame such pressures, their absence today has exposed the market without indicating that a reversal will occur.

In stark contrast, the whale behaviors are observed, and a comparison to the market structure seen in January is done.
When the price broke down last January, they were actively involved, removing some liquidity and stabilizing the market.

Their participation at that juncture was critical to allowing the recovery to take hold and provide a base for upward acceleration.
In the current situation, there is a deafening silence on their part, signaling a lack of belief in the near-term market outlook.

No Signs of Recovery
In the absence of whale intervention, its trajectory remains precarious. The absence of the Purple Box and Green Box patterns indicates that these major players are not convinced. And as such, the market is left to its own devices.
Adding to the picture of uncertainty, momentum is weakening, making it unlikely that any recovery will be swift.

It also shows the difficulty buyers are having in getting their momentum back to the upside. Nevertheless, the differences are notable, as some comparisons to that structure from last January have been made.
Unlike the current phase, the correction’s characteristic was to include clear traces of whale actions so the market would remain stable and prepare for a rebound.

Lacking activity of this sort, the market may need more time in a corrective phase.

#bitcoin #altcoins #cryptomarket #cryptocurrency #cryptonews

Neither the purple nor green box is available.

Neither the purple nor green box is available.
Momentum continues to weaken, raising doubts about the possibility of a short-term reversal. BREAK Momentum continues to weaken, raising doubts about the possibility of a short-term reversal.
The #cryptocurrency market is currently important and is already showing signs of a downward correction phase, which will be followed by a gradual weakening of momentum.
It is worth noting that the overall market
the lack of intervention has cast a lot of doubt on the market's ability to recover in the short term and has cast a shadow of doubt on the market.
Historically, futures whale #Binance has been a key player in the market
most of the time their behavior is characterized by two main patterns: the "purple box" and the "green box".
These patterns provide valuable insight into the whales' activity and are also a precursor to market reversals. A sharp market decline triggers the purple box pattern, as the whales absorb liquidity and quickly increase the buy ratio in the market. This pattern is also known as the green box pattern. At the same time, the green box pattern is seen during relatively long periods of sideways movement. As you can see from the steady uptrend on MBR, the Whales are slowly building up their positions here. This is the build-up phase before the breakout, when big investors gain confidence and build further. During the last price correction, when the price #rose to 89K, no purple or green boxes were seen.
However, the fact that the whales did not interfere with the market is in marked contrast to past market behavior, leaving traders and analysts puzzled about the new market dynamics
another extreme situation is that the market is losing momentum.

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Cryptocurrency trader believes certain factors could trigger a major Ethereum breakout - here's his prediction - The Daily Hodl Cryptocurrency trader and analyst Ari Martinez believes certain key factors could trigger a major Ethereum (ETH) breakout. He believes there is a possibility that

Martinez told 114,500 followers of social media platform X that the #cryptocurrency is putting a strain on #Ethereum , creating buying pressure that could cause the altcoin to rise more than 100 percent above its current value.
analysts claim that, according to blockchain data, "whales" have made #ETH purchases totaling more than $1 billion in the past seven days alone.
Last week, whales purchased more than $330,000 worth of Ethereum worth more than $1 billion.
One analyst believes that ETH is now consolidating amid buying frenzy in anticipation of a "massive bullish breakout". Ethereum is currently forming the right shoulder of a head-and-shoulders pattern, with the $2,700-$2,900 range being a buying opportunity, and a sustained break above the $4,000 neckline could lead to a bullish breakout to $BTC According to traders' charts, Ethereum could complete a bullish inverse head-and-shoulders pattern on the daily chart.
If we look at the left shoulder formation, ETH was at the $2,800 level for 37 days before rising in mid-April. after which it consolidated near that level. While the right shoulder of this head-and-shoulders pattern is forming, a similar consolidation could happen now.
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Hyperliquid has launched a TRUMP perpetual contract, enabling traders to leverage positions with up to 3x leverage. TRUMP meme coin by U.S. President-elect Donald Trump operates on the Solana blockchain.
This move aligns with the platform’s strategy to offer innovative trading solutions and cater to community demand. Despite the positive development, the native token HYPE saw an 8% decline in the past 24 hours.

Details of the TRUMP Perpetual Contract on Hyperliquid
On January 18, Hyperliquid announced on X the listing of the TRUMP perpetual contract, a move driven by community interest. The contract uses on-chain AMMs for Oracle pricing, ensuring a decentralized approach.
With up to 3x leverage, traders can speculate on its price movements and potential gains. However, the platform warns of risks, including low liquidity, high volatility, and increased liquidation potential.

TRUMP Coin Becomes the First to Hit $10 Billion in Market Cap
Donald Trump has officially launched the TRUMP meme coin, which can be purchased through its official website using debit cards or cryptocurrency.
The coin has made history as the first cryptocurrency to surpass a $10 billion market cap within 24 hours of its launch.
Available for trading on Hyperliquid, the token was trading at a price of $19.27 and recorded a 24-hour trading volume of $213 million, with $65 million in open interest.

At the time of writing, the coin’s fully diluted valuation (FDV) has reached an astounding $19 billion, underscoring its remarkable market reception.
The TRUMP token’s primary liquidity pool on the Meteora protocol reported $12.2 million in revenue over the past 24 hours, ranking second only to Tether. If the current hourly fee income persists, the token’s total daily revenue could exceed $58.08 million.

Hyperliquid Exchange and HYPE Token Performance
Hyperliquid, a next-generation blockchain platform, is setting new standards in decentralized finance (DeFi) with its high-performance infrastructure and scalability. Over the past 24 hours, Hyperliquid’s exchange reported a trading volume of $6.65 billion across 72 listed tokens. The platform has 2 billion in locked value.

HYPE price was currently trading at $21.89, marking an 8% decline in the past day. Despite this drop, the token has risen by 585% over the last quarter, reflecting sustained investor confidence.
HYPE’s market cap stands at $7.33 billion, with a 24-hour trading volume of $218 million—a 50% increase compared to the previous day. CoinGape recently reported Hyperliquid’s HYPE token among the 4 coins to watch as Bitcoin once again surpassed the $100K milestone.

#bitcoin #altcoins #cryptomarket #cryptocurrency #cryptonews

Permanent link for this post: Trump's net worth jumped to $28 billion overnight.

The $TRUMP #token started at $7 and quickly reached $28 with $11 billion in transactions.
Critics say Trump's $500 million token purchase.
Arkham Intelligence, an analytics platform, estimated that crypto-president Donald Trump became $28 billion richer overnight thanks to the TRUMP coin #meme , increasing his net worth by 400%. According to the report, at $28 per token
the value of his #cryptocurrency assets alone rose to $22.4 billion as Trump's affiliates CIC Digital LLC and Fight Fight Fight LLC control 80% of the offering. Incidentally, Forbes valued Trump at $5.6 billion last November;
TRUMP was trading at just $7 per token at launch, but within hours, its fully diluted valuation soared to $27 billion. It is literally unheard of for a U. S. president-elect to announce a business product a few days before his inauguration. At an unofficial inaugural ball on Friday night, President Trump's director of cryptocurrencies and artificial intelligence, David Sachs, promised, The reign of terror over cryptocurrencies is over.
Cryptocurrency innovation in the United States has just begun.
Meanwhile, cryptocurrency companies donated more than $10 million to Trump's inauguration after donating more than $300 million to him during the campaign.
But, of course, some people aren't happy about all of this. Some people are not thrilled about it. Of course, Trump has blurred the lines between his presidency and his personal interests. But that's just the way Donald Trump is. How else could he follow the rules
It's absolutely wild, says Jordan Leibowitz, vice president of Citizens for Responsibility and Ethics in Washington. Presidents-elect usually spend time separating themselves from their finances in this way. Trump is doing the opposite.

He added: Fuck you. This is bad for the industry, he added.

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