As it is known, the new President of the United States, Donald Trump, launched a memecoin yesterday and made a big splash in the cryptocurrency market. After examining onchain data, it was claimed today that Trump`s wallets started actively purchasing Solana. So how true is this claim? Looking at the data, we see that Trump is constantly transferring liquidity to TRUMP pools on Meteora, a memecoin launch platform. However, the fees accumulated in these pools are withdrawn by the team and Solana is actively purchased. However, there is one more detail. It was observed that the team, which was seen to have purchased a total of $7 million worth of SOL, sent these SOL coins directly to OKX and probably sold them. In other words, it seems that Trump and his team have no intention of accumulating SOL in the current situation. Related News: Analysis Company Claims: "If Bitcoin Crosses This Level, It Will Pave The Way Up To $ 161 Thousand, But If Not..." However, a recent article in the New York Post claimed that Trump was open to the use of US-based cryptocurrencies such as SOL and XRP as a strategic reserve in the US. Considering that Trump launched his latest memecoin on the Solana network, it can be said that he is at least more positive about SOL than other cryptocurrencies. *This is not investment advice. Continue Reading: Did Donald Trump Really Buy Solana (SOL)? Many Claims Are Circulating
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Worldcoin (WLD), SPX6900 (SPX) and Three Under-the-Radar Altcoins Flashing Bearish Signal: Santiment
Prominent crypto analytics platform Santiment is alerting that several altcoins may be flashing a bearish signal. In a post on the social media platform X, Santiment says that some altcoins – including Sam Altman’s digital identification platform Worldcoin ( WLD ) and memecoin SPX6900 ( SPX ) – are being sent to exchanges in relatively large volumes. Generally speaking, coins being sent to exchanges is bearish since it implies more of the supply is available to be sold off on the open market. Other coins flashing the bearish signal include the governance token of the cloud-based blockchain platform Onyxcoin ( XCN ), the native asset of the automated staking service Lido DAO ( LDO ) and the utility token of digital asset exchange Crypto.com ( CRO ). “Several cryptocurrencies you may not have on your radar are seeing $1 million+ levels of coins moving to exchanges. This weekend, keep an eye on: XCN FDUSD SPX LDO CRO WLD.” Source: Santiment/X Looking at Bitcoin, Santiment says that large BTC wallets, or those holding at least 100 coins, are currently at their second highest level since December of 2017 – which was near the peak of that bull market. “Bitcoin’s market value has surged back to as high as $105,970 on a bullish crypto Friday full of positive movement. One thing to watch closely is the amount of wallets holding at least 100 BTC, which rose to 17,799 addresses just prior to this one-month high price milestone.” Source: Santiment/X Santiment also says that conversations regarding inflation data, payments altcoin XRP and artificial intelligence (AI) are some of the key narratives currently driving the crypto markets. Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Featured Image: Shutterstock/Tithi Luadthong/Natalia Siiatovskaia The post Worldcoin (WLD), SPX6900 (SPX) and Three Under-the-Radar Altcoins Flashing Bearish Signal: Santiment appeared first on The Daily Hodl . BitcoinSistemi
TRUMP Derivatives Surge to $51 Billion Trading Volume, Challenging Top Exchanges
According to data from Coinglass, the launch of TRUMP derivatives on January 19th has garnered significant attention, achieving a total trading volume of approximately $51.006 billion within just 24 hours. BitcoinSistemi