TRUMP memecoin riches have spurred billions of dollars for the newly sworn-in U.S. President Donald Trump, an amount he termed as “peanuts” compared to corporate bigwigs in his first address of the token since launch. "I don`t know much about it other than when I launched it. I heard it was successful,” Trump said in a press conference on Tuesday when asked by a reporter. “Where is it today? Several billion? “That`s peanuts for these guys,” he added, referring to the networth of other businessmen in the room that included SoftBank`s Masayoshi Son, OpenAI`s Sam Altman and Oracle`s Larry Ellison. Token prices zoomed 25% in the past 24 hours, beating gains in bitcoin (BTC) and other majors, to reverse losses from earlier in the week. It sits at an $8 billion market capitalization as of Wednesday morning, up nearly 900% since going live. Trump also unveiled a $500 billion joint venture termed Stargate at the event, which aims to build data centers in Texas and would invest in AI infrastructure. Meanwhile, some see TRUMP as a bet on the Republican’s popularity and policies in his term, with ripple effects on how it may shape up Web3 and memecoin markets. “Longer term, TRUMP coin could act as a barometer for public sentiment towards Trump’s presidency,” Yat Siu, co-founder and executive chairman of Animoca Brands told CoinDesk in a message. “Culture memes and tokens are essentially a highly variable public polymarket of culture and zeitgeist, and we’ve seen this play out accordingly.” “(However) If the initiative is perceived as a cash grab without further engagement, we may well see a crypto chill for meme tokens, potentially draining attention and liquidity out of the meme space. How the TRUMP token is handled is likely to have a ripple effect on trust and reputation for the entire crypto and Web3 industry,” Siu added.
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Binance Futures Announces Listing of This Altcoin with 75x Leverage!
Binance Futures has announced the launch of the VTHOUSDT Perpetual Contract with up to 75x leverage to expand trading options and enhance user experience. Binance Futures Launches VTHOUSDT Perpetual Contract with 75x Leverage The new trading product will go live on January 22, 2025 at 12:30. Key Features of VTHOUSDT Perpetual Contract Maximum Leverage: Traders can use leverage of up to 75x, allowing for greater exposure with less capital. Funding Rate: The maximum funding rate at launch is set at +2.00% / -2.00%. Funding Fee Settlement Frequency: Occurs every four hours. Multi-Asset Mode: Users can trade the contract using multiple collateral assets such as Bitcoin (BTC), providing greater flexibility in asset management. Binance emphasized its commitment to market stability by stating that contract features, including funding fees, confirmation size, maximum leverage, and margin requirements, can be adjusted according to market risk conditions. The launch of the VTHOUSDT Perpetual Contract is a significant step in the expansion of futures offerings on Binance. This contract caters to both speculative and hedging strategies by providing traders with the opportunity to access VeThor Token (VTHO) with high leverage. With its flexibility and strong risk management features, the new contract is expected to attract the attention of a wide range of investors, from retail investors to institutional participants. For more details, users are advised to visit Binance`s official website and review the specific terms of the VTHOUSDT Perpetual Contract. *This is not investment advice. Continue Reading: Binance Futures Announces Listing of This Altcoin with 75x Leverage! CoinDesk
VeThor token trading volume explodes 88,000% following Upbit listing news
VeThor token is witnessing a surge of over 80,300% after the token was listed on South Korea’s largest crypto exchange by trading volume, Upbit. On Jan. 21, Upbit launched trading support for VeThor Token (VTHO) in both the Korean Won (KRW) and Tether ( USDT ) markets. As of Jan. 22, VTHO’s trading volume has surged by over 88,000% in the past 24 hours. According to CoinMarketCap, Upbit accounts for more than 66% of VTHO’s trading volume, with over $2.1 billion traded in just 24 hours. As of this writing, VTHO is priced at $0.008981, reflecting over 300% increase in its value over the last 24 hours. However, it remains roughly 80% below its all-time high of $0.042, which was reached in August 2018. VTHO was launched in July 2018 as part of the first phase of the VeChainThor blockchain, following its initial release as an ERC-20 token in 2015. VeChainThor uses VTHO to power transactions and smart contract executions on the network. VTHO is generated by holding VeChain Tokens ( VET ) and is consumed during blockchain operations, ensuring efficiency and scalability within the ecosystem. VTHO price chart (January 15–22, 2025) showing a sharp increase in price and trading volume after January 21, following the token’s listing on Upbit, reaching a high of $0.00886. Source: crypto.news Growth of VTHO token holders from 2018 to 2025, demonstrating significant adoption with over 2.9 million holders by January 2025. Source: crypto.news The number of unique addresses interacting with the VTHO on the VeChainThor blockchain continued to rise and in early January 2025 crossed the threshold of 2.9 million addresses as of this writing, as per VeChain Stats . How far can VeThor rise this bull run? TradingView MACD chart for VTHO showing a bullish crossover and expanding green histogram bars, signaling increasing buying momentum as of January 2025. Source: crypto.news. The MACD is a technical indicator of bullish or bearish momentum, as well as trend direction. It includes MACD line, signal line, and histogram. The MACD analysis notes the recent crossover into bullish territory, which indicates an increase in bullish pressure. You might also like: PEPE and Fartcoin target gains, PropiChain could rise from $0.01 to $3 As the histogram widens between the MACD and signal lines, bullish momentum continues to grow. This indicates an increased interest in VTHO which could continue driving performance in the near future. While it cannot predict specific prices, it does give insight into market directions. Should momentum hold and the market remain bullish , the token may retest resistances in the $0.01–$0.015 range. These psychological barriers are common for tokens with prices below $0.01. However, nothing is certain. Do your own due diligence. Read more: Altcoins that are not SOL and XRP for major gains over the next few months CoinDesk