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 in all places.
🍍 Market taste as we speak
The day each crypto bro circled in purple is lastly right here: Donald Trump’s inauguration.
How’s the market reacting to date? Effectively, 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 reduce in March (making borrowing cheaper, which frequently encourages extra investing);
FOMO is at full pace – Google searches for “The way to purchase crypto” broke a brand new document.
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 aren’t any “others” as we speak – actually EVERYTHING is in regards to 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%
Knowledge 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 group waited for as we speak. Trump’s guarantees – like making a nationwide Bitcoin reserve and organising 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 acquired 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 business, huh?
However you understand what is the craziest half? This story’s simply getting began.
Lower than a day later, Melania Trump ALSO launched her personal memecoin.
🤠 You’ll be able to’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 prompted TRUMP to crash – it dropped from $74 to $38 (… is that this the crypto model of “blissful spouse, blissful life?”)
As you could possibly’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 data as they hit $27B.
Really, not solely data – it broke the goddamn blockchain itself. Solana acquired so congested that almost all customers could not even commerce for a few hours.
And that is nonetheless not the tip 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).
Principally, this began trying an entire lot like a money seize, and folks weren’t thrilled. Some even referred to as it the most important mistake earlier than a Presidential inauguration.
However hey, we’re being constructive in 2025, proper?
Professional-crypto laws: if nothing else, Trump’s clearly embracing crypto, which may imply a friendlier regulatory atmosphere;
Onboarding no-coiners: a president launching a memecoin? That is gotta convey some new faces into the business.
Wild occasions. No concept what to anticipate later down the road, however I am positive it will be entertaining.
Liking the juice? 🍋 Don’t gatekeep this one – share the Day by day Squeeze and let your folks 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 referred to as themselves “goons” 😐 … They should 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 develop into the primary main crypto firm to get an in-principle MiCA license. Full approval means they’re going to quickly be offering their providers throughout the EU beneath the brand new guidelines.
🤑 If BTC’s gonna really feel that Trump pump, you will want the best trade. Don’t fret – we have got you coated with a information to the very best ones.
🍌 Juicy memes
