Whale Makes $8 Million With Trump-Inspired Memecoin As PolitiFi Tokens Soar

The Trump-inspired tokens surged around 40% following Donald Trumps assassination attempt. As a result, PolitiFi tokens closed the week, outperforming most categories in the industry. The remarkable performance earned some crypto whales millions in profits from the MAGA (TRUMP) memecoin. Related Reading: 1,000 Bitcoin On The Move: Satoshi-Era Whale Stirs The Crypto Waters Crypto Whale Profits From TRUMP Memecoin On Sunday, on-chain tracking platform Lookonchain reported that a crypto whale had made millions from a Trump-inspired memecoin. An address deposited all their TRUMP holdings to the crypto exchange BTSE. Per the report, the whale bought 1.08 million TRUMP between November 22 and December 4, 2023. The address acquired the tokens at an average price of $0.5, spending $540,000 for the memecoin. Seemingly, the whale made $8.85 million from the tokens, $8.3 million of which were profits. Per Lookonchain, the wallet was suspected to be owned by renowned crypto trader GCR. However, it was later confirmed the address in question wasnt related to the crypto trader. Lookonchain also reported another address holding a significant amount of the Trump-inspired memecoin. The second address, also suspected to be linked to the crypto trader, has $6.5 million in unrealized profits from TRUMP. The whale wallet tagged “GCR: Address 1” spent over $700,000 to buy 936,279 TRUMP. The address bought the tokens at an average of $0.75 between December 8, 2023, and January 18, 2024. At the time of the report, the whales holdings were worth around $7.23 million. Nonetheless, it hasnt been confirmed if this address is linked to the renowned crypto trader. PolitiFi And Trump-Inspired Tokens Soar Over the weekend, former US President Donald Trump survived an assassination attempt. The Republican Presidential Candidate got shot in the ear during a campaign rally in Butner, Pennsylvania. Following the news, PolitiFi tokens soared over 30%. DeFi creator and analyst Jake Pahor shared that the PolitiFi sector outperformed most categories over the weekend. Pahor cited DeFiLlama data, revealing that PolitiFi tokens rose 36.7% last week. The DeFi analyst also noted that all categories outperformed Bitcoin over the past 7 days, possibly indicating a shift towards a risk-on environment. Before the failed Trump assassination attempt, Trump-inspired memecoins saw a pump. The tokens surged after the former US President was announced as a keynote speaker at the Bitcoin 2024 Conference on July 27. TRUMPs price went from $5.74 to $6.54 after the news. This performance represented a 15% and 39.5% surge in the daily and weekly timeframes. Since then, the biggest Trump-themed memecoin has seen a 35% rise, fueled by the most recent incident. Following the assassination attempt, the token went from the $6.3 price range to the $9.51 mark, increasing by over 50% in twelve hours. On Sunday, the memecoin hovered between the $7.3-$7.9 price range, starting the week trading at $7.47. Related Reading: Notcoin (NOT) Ignites Crypto Market, Analyst Predicts 25% Rally As of this writing, TRUMP exchanges hands at $8.15, a 3.8% increase in the last day. This performance also represents a 35.3% and 22.2% rise in the one-week and two-week timeframes. Featured Image from Unsplash.com, Chart from TradingView.com

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Trump-Inspired Memecoins Crash 30% After Rumors Of Trumps Official Token Launch

The crypto industry has been a crucial topic in the electoral campaign for the November US presidential elections. This year, presidential candidates have embraced cryptocurrencies to obtain the industrys support. As a result, the community has capitalized on the momentum with Memecoins. Related Reading PolitiFi tokens, a new memecoin category inspired by political figures, have [...]

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Crypto Presidential Rally: TRUMP Soars 36.2% And Flips BODEN

In a year full of global elections, the crypto industry remains expectant and critical of every candidates stance on cryptocurrencies. The US presidential elections could pose a turning point for regulations and adoption that could affect the industry worldwide. On Wednesday, Donald Trump, former US president and Republican candidate, stated his support for the industry [...]

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TRUMP Memecoin Explodes Past $8 Amid Token Unlock Pressure

The price of TRUMP has witnessed an exciting jolt of bullish momentum this weekend, outperforming most of the assets in the top 100 on Saturday, April 19. The United States President Donald Trumps meme coin has increased in value by more than 8% in the last 24 hours. This positive price spurt came despite the recent unlocking of a significant amount of tokens into open circulation. Project Creators Unlock 40 Million Tokens In First Event On Friday, April 18, the creators of the TRUMP meme coin released 40 million tokens in the first unlock event for the project. The unlocked tokens, which were worth about $310 million at the time of the event, represent just 4% of the total supply, but over 16% of the current circulating supply. Related Reading: Ripple Takes Asia By Storm With New XRP Product, Here Are The Recent Developments The Official Trump meme coin has not been in particularly good form in recent weeks, falling further away from its record high price of $71 reached in January. According to data from CoinGecko, the tokens price is down from its all-time high by roughly 90% in the past three months. Prior to the unlock event, the TRUMP token was valued at around $7.54 and had been oscillating between $7.46 and $7.83 on the day. However, the impending release of 40 million tokens from a three-month lockup did little to improve the sentiment around the meme coin, as investors predicted an extended period of downward pressure. Historically, large token unlocks are deemed bearish events, as they allow holders to sell off their assets on the open market. With increasing token supply and insufficient demand, the meme coins price was expected to further crumble under the selling pressure. Interestingly, the price of TRUMP seems to be reversing the trend and moving against the crowds expectations after surging by more than 8% to reclaim the $8 mark on Saturday. While the meme coins price has somewhat cooled down, it did climb as high as the $8.60 mark on the day. The Official Trump meme coin was launched earlier in January 2025, a few days before the inauguration of Donald Trump as President of the United States. The launch was met with some criticism in the industry, especially as President Trump also promoted the cryptocurrency. The April 18 unlock event represents the first among numerous cliff releases expected to come at later dates. TRUMP Price At A Glance As of this writing, the price of TRUMP lies at around $8.33, reflecting an 8.6% increase in the last 24 hours. However, this positive single-day action was not enough to put the meme coin in the green on the weekly timeframe still down by 1.5% in the last seven days. Related Reading: Chainlink Price Continues To Hover Around $12.5 Levels To Watch Featured image from Gearbest, chart from TradingView

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PolitiFi Memecoins Soar: Trump-Themed Tokens Rally 30% Ahead Of US Elections

Just hours away from the US presidential elections, PolitiFi tokens have seen a remarkable boost. The sector has experienced a nearly 10% surge in the last 24 hours, with Trump-themed memecoins leading the way. Following the recent performance, some investors forecast a massive rally for these tokens in the coming days. Related Reading: Is The Bitcoin Bull Market Over? Analyst Reveals Bear Case That Could Send Price To $28,000 Trump-Themed Memecoins See 30% Jump The PolitiFi sector gained popularity after several memecoins inspired by US politicians registered a massive performance earlier this year. Some tokens had their market capitalization break above the $100 million mark, with a couple still holding the feat. Memecoins inspired by the former US President and Republican candidate Donald J. Trump have led the sector throughout his presidential campaign. The tokens recorded massive rallies this year, hitting their peak during Q2. Cryptocurrencies like MAGA (TRUMP) and Doland Tremp (TREMP) hit the $17 and $1.5 marks, respectively, as their all-time high (ATH), fueled by Trumps crypto-friendly statements. However, most of these cryptocurrencies have retraced significantly since June, pulling back over 70% in most cases. Now that the elections are just hours away, the PolitiFi sector is soaring again, surging around 10% in the last 24 hours, while the crypto market sees a 1.5% retrace. Memecoins themed after Trump held their lead, registering green performance during the past day. TRUMP has seen a 26% surge in the last 24 hours, trading above the $3.8 range. Meanwhile, MAGA Hat (MAGA) records a 32.6% price jump in the same timeframe, nearing a $90 million market cap earlier today. MAGAs daily trading activity has also increased nearly 30%, registering a $41.7 million trading volume on the last day. PolitiFi Tokens In The Hands Of The Election The sectors rally is seemingly fueled by the anticipation surrounding the elections. Notably, volatility is forecasted to peak in the following days as speculation about the elections outcome increases. Some investors believe the PolitiFi tokens rally will continue in the following days, with Trump-themed memecoins expected to skyrocket in case of Trumps victory. Just 10 hours before the election, the Republican candidates winning odds are considerably higher than the Democratic nominee, Kamala Harris. Polymarkets live forecast shows that Trump leads the prediction market with a 15% gap. Following the presidential debate, the former president lost ground to the US Vice President in early September. At the time, the Democratic nominee surpassed Trumps winning odds by 4%. However, these have seen a significant retrace in the last month. Related Reading: ADA Slips Below $0.3389 Level, Deeper Downtrend Looming? The Republican candidate regained his lead in October, recording a considerable 33% gap between his winning odds and Harris. By the end of the month, Trump led the predictions market with a 66% chance of winning, which has now retraced to 57%. Amid Trumps winning odds, the memecoins inspired by the US VP have recorded a considerable decrease in the past day. Kamala Horris (KAMA), the largest Harris-inspired token, retraced nearly 25% in the last 24 hours, seeing a 34% decrease in daily trading activity. Featured Image from Unsplash.com, Chart from TradingView.com

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Number Of New Trump-Themed Malicious Tokens Spike 206% After Official Memecoin Launch

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

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Donald Trump Memecoin Skyrockets Over 12,000% Overnight With $30B Fully Diluted Value What Happened?

The TRUMP meme coin, the official Donald Trump cryptocurrency, took the crypto world by storm upon its launch on Friday. Within hours, it became the hottest topic in the market, captivating investors and enthusiasts alike. By Saturday morning, as the U.S. woke up to the news, the TRUMP coin had skyrocketed to an astonishing $30, marking a jaw-dropping 12,000% increase from its launch price. Related Reading: Solana Reclaims Monthly And Weekly Support Levels Expert Sets $330 Target The exponential rally that unfolded overnight now seems like just the beginning. The coins meteoric rise barely makes a dent in its increasingly vertical chart. With a staggering $6 billion market cap and a fully diluted valuation of $30 billion, the TRUMP coin is quickly establishing itself as a phenomenon in the meme coin category. For early investors, the returns have been life-changing. A modest $10,000 investment at launch is now worth an incredible $1.2 million, highlighting the massive potential of this viral asset. As the TRUMP coin continues to dominate headlines, speculation is growing about whether this is a short-lived hype or the start of a new trend in the crypto space. With such explosive growth, all eyes are on this unprecedented meme coins next move. TRUMP Becomes The Biggest Meme Coin In History At 9:44 PM ET on an otherwise quiet Friday night, President-elect Donald Trump made history by launching the $TRUMP meme coin, which has already become the biggest meme coin phenomenon the market has ever seen. According to The Kobbeissi Letter, a trusted voice in global capital markets commentary, TRUMP is up a staggering 9,500%, with $2.2 billion in trading volume within just 12 hours of its launch. Initially met with skepticism, the announcement of $TRUMP’s launch seemed so implausible that many traders assumed Trumps account had been hacked. However, with no official statement refuting the coins legitimacy, confidence grewand so did the price. Related Reading: Ondo Finance Funding Rate Signals Greed Among Investors Sign Of Strength? By 12:45 AM ET, TRUMP had broken above $10, accelerating into a parabolic rally. In the early hours, traders witnessed unprecedented returns. One investor reportedly turned $50,000 into nearly $1.1 million in just two hours. Remarkably, TRUMP outperformed the S&P 500s 30-year cumulative return within that same short window. A key factor driving the coins explosive price action is its limited circulating supply. Only 20% of the maximum supply200 million coinsis currently on the market. Over the next 36 months, the remaining 800 million coins will gradually be released. Speculation is rife that Trump himself holds this undistributed portion, potentially giving him substantial control over the asset. With $TRUMP already establishing itself as a phenomenon, the coins trajectory remains a captivating spectacle. This unprecedented rally and intrigue surrounding its supply mechanics have cemented it as one of the most extraordinary stories in crypto history. Price Action And Market Cap Details The explosive rise of the TRUMP coin has prompted questions about its Market Cap and Fully Diluted Valuation (FDV). With a total supply of 1 billion coins, the FDVif all tokens were circulatingwould stand at approximately $21 billion based on current prices. However, since only 200 million coins (20% of the total supply) are currently in circulation, the market cap is approximately $4.2 billion. This significant disparity highlights the impact of circulating supply on valuation metrics. Related Reading: Cardano Whales Go On A Shopping Spree 100 Million ADA in 48 Hours Price action, for now, provides limited insight into the coins future. There is little data to conduct meaningful technical analysis. The TRUMP chart essentially consists of a parabolic green candle, reflecting its meteoric rise in an hype-dominated environment. This leaves the market with one critical question: can demand sustain current levels as the remaining 80% of the supply gradually enters circulation? The TRUMP emission schedule outlines how the maximum supply will be reached over the next 36 months. Skeptics argue that this influx of supply could lead to oversaturation, ultimately sending the coins price plummeting to $0. On the other hand, bulls believe the schedule’s gradual nature allows demand to keep pace. This could mitigate the risk of significant price dilution. For now, the debate continues. Featured image from Dall-E, chart from TradingView

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