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TL;DR Large investors have accumulated more than 1.8 billion DOGE in the past 36 hours, reducing circulating supply, which could potentially have a positive impact on the price. Trump’s pro-crypto stance and Musk’s role in the D.O.G.E. department could boost the meme coin’s popularity and value even more in the near future. Big DOGE Move Incoming? The past few days have been more than eventful for the cryptocurrency market, which experienced enhanced turbulence. The price of Bitcoin (BTC), for instance, soared above $106,000 on January 19. Shortly after, it plummeted below $100K, only to explode to a new all-time high of almost $110,000 just minutes ago. The enhanced volatility, which is most likely caused by Donald Trump’s upcoming inauguration today, has also affected Dogecoin (DOGE). The biggest meme coin in terms of market capitalization has been hovering between $0.34 and $0.43 in the last three days, currently worth around $0.38 (per CoinGecko’s data). DOGE Price, Source: CoinGecko One important element signaling that DOGE could be gearing for a substantial rally in the short term is the whale activity . X user Ali Martinez revealed that such large investors had accumulated 1.83 billion tokens in the past 36 hours (equaling over $700 million at ongoing rates). The development reduces the circulating supply of the asset, potentially leading to a price increase (assuming demand stays the same or heads north). It can also encourage smaller players to enter the ecosystem, thus triggering an additional flow of capital. The Possible Trump/Musk Effect? Another major factor signaling good days ahead for DOGE bulls is Donald Trump’s incoming reign as America’s 47th President. During his presidential campaign, the Republican presented himself as the right choice for pro-crypto voters and made multiple promises that could help the industry flourish in the near future. Additionally, recent reports have indicated that Trump “ plans to release an executive order elevating crypto as a policy priority and giving industry insiders a voice within his administration. ” Elon Musk’s involvement in politics should also be mentioned . Tesla’s boss has been part of Trump’s inner cycle for the past several months and will even spearhead an upcoming division called Department of Government Efficiency (D.O.G.E.). The entity’s main goal will be to reduce bureaucracy, get rid of unnecessary regulations, and eliminate wasteful spending within the American government. DOGE proponents, though, have noticed the obvious match between the abbreviation of their favorite cryptocurrency and the agency, predicting that it might positively impact the meme coin. After all, Musk is a huge advocate of Dogecoin, often praising its merits and endorsing it on X. We have yet to see whether he will announce any big news for the DOGE community while at the department’s helm. The post Dogecoin Whales on the Move: Is DOGE Primed for a New Bull Run? appeared first on CryptoPotato .
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R. Kiyosaki reveals his take on TRUMP coin
As the cryptocurrency community digests President-elect Donald Trump ‘s controversial launch of the Official Trump (TRUMP) meme coin, author and investor Robert Kiyosaki has shared a skeptical view on the development. The ‘Rich Dad Poor Dad’ author limited his comments on the coin but offered a general perspective on cryptocurrency, stating that the sector as a whole is evolving into a “farce,” straying from its initial purpose as the future of finance , he said in an X post on January 19. With the unveiling of celebrity-endorsed tokens like TRUMP, which lack significant underlying fundamentals, Kiyosaki argued that the sector is becoming tyrannical. “What do I think about TRUMP COIN? Not much. Unfortunately, the whole crypto world is becoming a “tranny” transforming from the “future” to a farce,” Kiyosaki said. The financial educator also used the opportunity to emphasize his investment philosophy, anchored in tangible assets like gold , silver , and Bitcoin ( BTC ), while dismissing other products such as exchange-traded funds ( ETFs ). Indeed, Kiyosaki remains bullish on these three commodities , projecting they are ideal stores of wealth, especially during his forecast of an impending market crash . What do I think about TRUMP COIN? Not much. Unfortunately, the whole crypto world is becoming a “tranny” transformimg from the “future” to a “farce.” I hold my course buying real Gold, real silver, and real Bitcoin. As a personal rule I do not invest in any ETFs. I am old… — Robert Kiyosaki (@theRealKiyosaki) January 19, 2025 TRUMP launch controversy On January 17, Trump surprised the cryptocurrency and the financial world in general by announcing the launch of TRUMP in what he described as a celebration. The coin launched on the Solana ( SOL ) network experienced a meteoric rise within hours, surging by about 30,000% to peak at $75 on January 19. However, TRUMP later suffered a significant correction, losing almost 50% of its value and dropping to $40 at one point before recovering. The drop was attributed to investors redirecting capital to another new meme coin launched by incoming First Lady Melania Trump, MELANIA, which also recorded a meteoric rise. TRUMP’s price recovery emerged in the wake of news regarding the continued listing of the coins on major trading platforms. Robinhood (NASDAQ: HOOD ) is among the latest platforms to announce the listing, joining other exchanges, including Bitget , KuCoin , and Kraken . The coin’s structure—80% of its supply reportedly held in Trump’s wallet and no lockup period—has raised ethical concerns about potential market manipulation and a “rug pull.” TRUMP token distribution by group. Source: The Kobeissi Letter To this end, cryptocurrency scam investigator Stephen Findeisen (Coffeezilla) criticized the setup and speculated that incoming regulators might protect the project from legal scrutiny. Overall, given Trump’s pledge to spearhead cryptocurrency growth in the United States once he assumes office, his decision to roll out a highly speculative asset with no underlying value has elicited questions about its impact on more established entities like Bitcoin. TRUMP price analysis As of press time, TRUMP was valued at $57, dropping nearly 9% in the past 24 hours. Its market capitalization was about $11.45 billion. The sudden surge in TRUMP’s value and recovery since Sunday’s dip suggests potential for further growth, driven by any hype surrounding Trump’s January 20 inauguration. Like all other meme cryptocurrencies, the coin remains precarious due to the volatility associated with such an asset. However, as the first meme token launched by a U.S. president, it remains to be seen which direction the coin will ultimately take. Featured image via Ben Shapiro’s YouTube . The post R. Kiyosaki reveals his take on TRUMP coin appeared first on Finbold . Crypto Potato
Solana’s Recent Surge Suggests Potential to Challenge Ethereum Amid Memecoin Growth
Solana’s recent surge to $295, propelled by the OFFICIAL TRUMP memecoin, showcases the dynamic shifts in the cryptocurrency market. The excitement around memecoins has led to an unprecedented spike in Crypto Potato
