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#ALTCOINS #DEFI Trump-Endorsed WLFI Token Raises $5M Despite Technical Issues. Trump-endorsed WLFI token raises $5 million in its first hour, but technical issues and skepticism in the crypto community overshadow its launch. World Liberty Financial (WLFI), a new DeFi token endorsed by Donald Trump, launched with a strong start, raising $5 million in the first hour. However, the project has faced technical issues that disrupted its operations. These problems have sparked skepticism within the crypto community, especially given Trump’s absence from the launch and concerns about the timing of the project. WLFI was initially accessible only to whitelisted investors, with a goal of raising $300 million in its first round. Despite the strong demand, the token launch faced significant operational difficulties. The website went down, and transaction data showed problems with continuing sales. These technical challenges, coupled with Trump’s lack of presence during the launch, raised concerns about the project’s future and its ability to deliver on its promises. Crypto leaders have voiced doubts about the project’s technical direction and timing, particularly so close to the election. Manuel Ferrari, Co-Founder of Money On Chain, commented that many investors would be better off investing in Bitcoin rather than participating in Trump’s DeFi project. Another issue was the limited sales access. The first round was open only to accredited investors, which the SEC defines as individuals with a net worth exceeding $1 million or an annual income of $200,000. Despite this exclusivity, World Liberty struggled to process these sales smoothly, raising further questions about the project’s preparedness. As of now, World Liberty’s website remains down, but on-chain data indicates that staggered transactions are still being processed. It remains to be seen if these technical difficulties will continue to affect the project, but the strong demand for WLFI suggests that interest remains high, even as the crypto community approaches the project with caution.
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Bitcoin accumulation fuels market uptick signaling potential surge in price. As Bitcoin flirts with the $70,000 mark once again, the mysterious maneuvers of crypto whales are catching keen eyes. With their holdings swelling from 3.2 to 3.6 million BTC this year, these large players are no strangers to shaping market tides. Historically, their strategic acquisitions have paved the path for major price rallies. But what are their true intentions amid this latest demand surge? The patterns emerging now could signal... something big. $BTC
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Next stable price $72k ? $BTC
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Ripple’s $XRP Braces for Billions In Inflows as ‘Special’ ETF Bid Likely to Trigger Institutional Goldrush. The recent approval of spot Ethereum $ETH ETFs by the U.S. Securities and Exchange Commission (SEC) has ignited a fervent debate within the cryptocurrency community about the future of similar financial instruments for other digital assets. At the center of this debate is XRP, one of the most popular cryptocurrencies, which has become a focal point of speculation and discussion regarding the potential for an XRP ETF in the United States. A recent poll by a prominent XRP community member on social media platform X highlighted a significant division in opinion. Of the respondents, 66% expressed confidence that an XRP ETF would be approved by 2025, while 34% remained doubtful.
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A Big Whale In Dogecoin ($DOGE ) Bought 2 Million Call Options For This Price Level – Does It Know Something? A trader purchased two million Dogecoin (DOGE) call options. The options, with a strike price of $0.22, were approved by Bernd Sischka, Chief Commercial Officer of derivatives exchange PowerTrade. As of now, DOGE is trading at $0.1649. For this transaction to turn a profit, the price of memecoin would have to increase by more than 31%. Call options will expire on June 14. Options are derivative contracts that give the buyer the right to buy or sell an asset at a predetermined price before the contract expires. If the underlying asset fails to reach the strike price, the contract will expire worthless. Dogecoin actually reached the $0.22 level during its rally in March. However, beyond this level has not been reached since November 2021. Sischka shared his views on the current situation of altcoins. “Altcoins have lagged behind the recent rise in Ethereum. Most traders are observing what ETH is doing and predicting potential moves for altcoins,” he said. He also added that the approval of the ETF triggered the ETH rally. However, he believes Dogecoin's wild card is Elon Musk's use of the token as a means of payment on Twitter. *This is not investment advice.
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