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Trumps election odds on prediction markets and several other Trump-themed memecoins soared following an assassination attempt on the former president while he was speaking on stage at a rally in Butler, Pennsylvania.
An Argentine prosecutor has requested a judge to issue an Interpol Red Notice for Hayden Davis, an American citizen allegedly involved in the launch of the controversial LIBRA memecoin that has entangled Argentine President Javier Milei in a dramatic political scandal. LIBRA Memecoin Scandal The request, made by prosecutor Gregorio Dalbón, reviewed by Fortune, accuses Davis of being a key figure behind the LIBRA memecoin. The token gained significant attention after President Milei endorsed it on Valentines Day. Following Milei’s endorsement, LIBRA’s market capitalization soared to over $4.5 billion. However, its value quickly collapsed, plummeting by more than 99% to approximately $18 million. Blockchain analysts later revealed that certain insiders sold large amounts of the token shortly after Milei publicly supported it. Related Reading: Solana Price Crash To $90? Why A 26% Decline Could Rock This Crypto In his request for the Red Notice, Dalbón expressed concerns that Davis might evade justice, citing his financial resources that could facilitate his flight or concealment. The possibility that Davis will abandon his country of residence or hide to avoid answering for his alleged acts appears to be aggravated by the economic resources he possesses, Dalbón stated, emphasizing the urgency of the situation. Interpol, the International Criminal Police Organization, facilitates international cooperation among law enforcement agencies in its 196 member countries, including the US and Argentina. A Red Notice serves as a request for member countries to locate and provisionally arrest individuals pending extradition. Federal Investigation Launched Into Javier Milei’s Endorsement Davis has not publicly responded to the allegations, nor have his family members, including his brother Gideon and father Charles, who are involved in their family crypto venture, Kelsier Ventures, Fortune reported. Yet, the controversy surrounding LIBRA is further complicated by its connection to former President Donald Trump, who recently launched his own memecoin named TRUMP. Trump’s endorsement of cryptocurrency has been characterized as part of his broader strategy to position himself as a pro-crypto advocate. Related Reading: Bitcoin Bottom Confirmed? Data Shows 87.5% Chance The Worst Is Over Following Milei’s endorsement, Davis openly acknowledged his role as an advisor to the Argentine president, stating, “I am indeed Javier Mileis advisor.” He also claimed responsibility for the launch of a separate memecoin associated with Melania Trump. The fallout from the LIBRA launch has prompted legal inquiries, including a federal investigation into Mileis actions. Both Milei and Davis have denied any wrongdoing, but the political implications of this incident are significant, as it raises questions about the accountability and regulation of cryptocurrencies in Argentina. At the time of writing, the memecoin is trading at $0.060, down over 90% from its all-time high reached on Valentine’s Day. Featured image from DALL-E, chart from TradingView.com
The Neiro memecoin rose almost 7,600% after being listed on the Binance exchange.
The inauguration of US President Donald Trump has sparked a surge in search interest for Bitcoin, Solana, $TRUMP, and "Buy Crypto" in the Philippines.
Trump family has invested more in Ethereum as of late, while CZ makes a return to Binance. More in today's "Crypto News You May Have Missed This Week".
The cryptocurrency market witnessed a dramatic turn of events as Donald Trumps recently launched memecoin, TRUMP, experienced a steep decline after reaching its all-time high of $74. Despite this significant pullback, market analysts remain optimistic about the token’s potential to rebound and start its next bullish leg. At the time of writing, the meme coin […]
The ongoing TRUMP memecoin frenzy has sparked the creation of hundreds of tokens inspired by the US president and his family. A recent report revealed malicious tokens and dApps using Donald Trump references skyrocketed since Friday, targeting unsuspected investors and non-crypto people. Related Reading: Bitcoin Struggles For Direction Post-Trump Disappointment What Next? Trump-Themed Scams Skyrocket Over the weekend, US President Donald Trump surprised the crypto industry by launching his official memecoin, TRUMP. The token received heavy criticism, with several crypto investors calling the Presidents memecoin venture a big red flag. Many community members initially suspected the token was a hacking scam, while others expressed reservations about TRUMPs tokenomics. Regardless of the doubts, the memecoin eclipsed the market, skyrocketing to $30 in a few hours and hitting an all-time high (ATH) of $75 a day later. Web3 security platform Blockaid shared that TRUMPs successful launch also ignited a rapid proliferation of malicious tokens, fake dApps, and scams using the Trump name and branding, following the trend of scammers leveraging major news events in the crypto industry to target unsuspecting users. According to the report, tokens with the Trump name increased by 206% on the launch day. The report stated, Many of these tokens used misleading branding to lure investors. The chart shows that since late December, the number of new malicious tokens with the word Trump has hovered between 2,000 and 3,000 daily. However, this number increased to 6,800 tokens deployed on Friday, double the usual 3,300 Trump-inspired tokens created daily. Additionally, the number of fake dApps deployed saw record rates over the weekend. The malicious applications are often used to trick users into connecting their wallets, allowing scammers to drain funds. Blockaid reports that impersonator dApps using President Trumps name saw a 14x increase after the launch, with 91 malicious dApps deployed in 24 hours. Trump Memecoin Frenzy Continues The report highlighted that scammers didnt stop at Trump-themed tokens. Memecoins with metadata referencing the Trump family, including Melania and Barron-inspired ones, surged by 592% over the weekend, creating the illusion of an interconnected ecosystem. Its worth noting that US First Lady Melania Trump announced the launch of her official memecoin, MELANIA, on Sunday afternoon. The launch pushed the crypto market to a 6% correction, with Bitcoin (BTC) dropping below $100,000, and TRUMP declining 49% in an hour. On Inauguration Day, DexScreeners main page showed a plethora of memecoins inspired by the Trump Family. Of the top 15 tokens, 11 were related to the presidential family, including the official TRUMP and MELANIA memecoins. Fake Donald Trump Jr, Ivanka, and Eric memecoins were also launched, alongside Trump-related figures like US Vice President JC Vance and Elon Musk. Despite the several Musk-themed tokens already existing, the recently launched memecoins used branding inspired by the official Trump tokens. Related Reading: Analyst Says Bitcoin Is Entering Second Price Discovery Uptrend, Whats Ahead For BTC? Moreover, the Trump memecoin frenzy continued as the US President was sworn into office. A video shared on X shows that during Trumps inauguration speech, community members created several new tokens themed after the speech. Users flooded the market with dozens of memecoins using phrases like Make America respected again or America will be admired again just seconds after the US President pronounced them, potentially attempting to lucre from the ongoing hype. As of this writing, the official TRUMP memecoin trades at $37.6, a 1.4% increase in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
The cryptocurrency market saw a wave of volatility following President Donald Trumps inauguration speech, which made no mention of bitcoin or crypto policy.
The launch of Melania Trumps memecoin, $MELANIA, has disrupted the momentum of Donald Trumps $TRUMP token, causing it to lose nearly half its value as investors grapple with competing tokens from the incoming first couple. A Quick Take delivers key facts fastconcise, clear, and easy to read. Perfect for busy readers. $MELANIA launched on Solana and promoted...
The Solana-based memecoin surged to a market cap of over $32 billion one day after launching but allegedly violates the US Constitution.
Trump posted about it on his social media channel.
This continues to highlight the speculative frenzy surrounding memecoins and the outsized influence of celebrity-backed tokens, or in this case, could be politically backed.
SOL was up 9% as traders bet on the Trump memecoins success.
SOL was up 9% as traders bet on the Trump memecoins success.
US President-elect Donald Trumps Solana-based memecoin, TRUMP, sparks a trading frenzy fueled by high-profile trades and notable whale activity.
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