Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Whale Dumps Entire Stash of US First Lady Melania Trump’s Official Memecoin at $15,680,000 Loss: Lookonchain

Blockchain tracking firm Lookonchain says one crypto trader is looking at multi-million dollar losses after trading the official memecoin of Melania Trump, wife of US President Donald Trump. According to Lookonchain, the trader scooped up nearly 14 million Melania ( MELANIA ) last month for about $30 million, only to sell off all his holdings this week at a loss of $15.68 million. Lookonchain also noticed another whale lost $3.73 million on his MELANIA trade this week as well. “Whales sold all their MELANIA holdings at a loss recently! DNTpoX…LN2A spent 30 million USDC to buy 13.97 million MELANIA a month ago, and sold for 14.32 million USDC yesterday, losing $15.68 million. Gu2bnm…xmni spent 10 million USDC to buy 6.69 million MELANIA 22 days ago, and sold 6.27 million USDC in the past two days, losing $3.73 million.” Melania is trading for $0.85 at time of writing, down 93.5% from its all-time high of $13.05, which it hit on January 20th, a day after launching. Crypto whales trading Official Trump ( TRUMP ), which the president launched just days before his inauguration, are also seeing red. Lookonchain reports that a whale liquidated his position in the TRUMP memecoin this week at a loss of $24.4 million TRUMP is trading at $12.60 at time of writing, down 83% from the all-time high price of $73.43, which it reached last month. Meanwhile, a freshman California Democrat Congress member, Representative Sam Liccardo, is proposing legislation to prevent lawmakers from profiting off meme assets. The bill, called the Modern Emoluments and Malfeasance Enforcement (MEME) Act, appears to be aimed at Trump, who has profited off TRUMP despite the meme asset having lost billions in value after launching earlier this year. Some analysts have accused Trump of perpetrating a rug pull. 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. Generated Image: Midjourney The post Whale Dumps Entire Stash of US First Lady Melania Trump’s Official Memecoin at $15,680,000 Loss: Lookonchain appeared first on The Daily Hodl . Crypto Potato

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Charting Key Support Levels for SOL, ADA & XRP: A Mid-Term Price Prediction Guide

Analyzing key points for Solana, Cardano, and Ripple can offer valuable insights for the crypto enthusiast. This guide digs into the mid-term price predictions, revealing which of these digital assets show promise for growth. Discover the potential turning points and what might signal a bullish trend in the evolving crypto landscape. XRP Price Insight: Volatility and Opportunity Zones The past month saw a significant drop of over 34%, while the six-month performance reflects a robust gain of about 254%. Price movement indicates notable short-term weakness, contrasted with a strong long-term recovery. Recent indicators suggest selling pressure contributing to a 25% decline in just one week, although the overall six-month surge points to a potential opportunity for sustained gains. Currently, XRP is trading within a price range of approximately $2.28 to $3.60. Resistance is noted around $4.16, while support is near $1.52. The price action does not show a clear trend, with short-term signals leaning bearish. Traders might consider observing for a bounce at support levels or look for shorting opportunities near resistance depending on their risk preferences. Solana Shows Recovery Hints Amid Short-Term Bearish Pressure A 42% drop over the past month contrasts with a modest four percent decline in the last six months. Price action highlights severe short-term pressure balanced by a more stable longer-term performance. Volatility has been high, creating dynamic entry points for savvy traders despite recent setbacks. Current price levels trade between $169 and $295, with resistance around $358 and support near $106. Bearish signals dominate the charts, supported by low momentum and an RSI around 25. Traders may consider buying near support while watching for a break above resistance to capture potential rallies, keeping risk management tight amid prevailing short-term caution. Cardano Market Pulse: Recent Moves and Key Price Zones Cardano experienced a sharp short-term drop with a one-week decline of 26.58% and a one-month fall of 35.48%. Over the past six months, the coin surged by 71.30%, demonstrating strong recovery potential after recent setbacks. These contrasting swings reflect volatile market behavior during different periods. Current trading sees Cardano between $0.796 and $1.126, with the nearest resistance at $1.31 and a support level at $0.65. Bears are currently pressuring the market, yet the RSI near 27.88 hints at possible oversold conditions. Trading ideas focus on watching for a move above $1.31 for bullish recovery or testing the $0.65 support for a potential bounce within these defined levels. Conclusion XRP, SOL , and ADA show promise with their current support levels. XRP`s strong backing suggests potential growth. SOL`s chart indicates it may soon see an upward trend. ADA`s steady support hints at long-term stability. Observing these levels can help predict mid-term movements for these coins. Market trends and external factors will also play a crucial role. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice. Crypto Potato