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SEC Closes Case on Another Altcoin! Price Jumps 95%!

The US Securities and Exchange Commission (SEC) is closing down the cryptocurrency cases filed after Gary Gensler, one by one. The latest of these was the unregistered securities issuance case filed against the Blockchain project Dragonchain. Accordingly, the SEC, together with Dragonchain, filed a joint document with the Seattle Federal Court seeking to drop the lawsuit against Dragonchain. In the document submitted, the SEC said that the Crypto Task Force has made progress in developing a regulatory framework, and that they believe it is appropriate to dismiss the Dragonchain (DRGN) lawsuit. The SEC in August 2024 charged Dragonchain, Inc.; the Dragonchain Foundation, which backs the company; The Dragon Company and Dragonchain founder Joseph Roets with violating securities offering regulations by raising $16.5 million during an ICO in 2017. The SEC alleged in its lawsuit that Dragonchain raised $14 million in a presale for its DRGN token in August 2017 and an initial coin offering (ICO) in October and November of that year. The SEC had argued that the company`s tokens needed to be registered because they were investment contracts under securities laws. The SEC also stated that an additional $2.5 million worth of DRGN was sold between 2019 and 2022, and that this was used to cover operating expenses and improve the firm’s technology. The lawsuit was discontinued in October after Dragonchain filed a settlement offer with the SEC. Now, due to the efforts of the SEC and Dragonchain to settle the case, the Dragonchain (DRGN) price has seen a massive rally, rising by 95% in the last 24 hours. *This is not investment advice. Continue Reading: SEC Closes Case on Another Altcoin! Price Jumps 95%! NullTx

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$TRUMP Token Soars 29% After Exclusive Dinner Announcement Sends Whales Scrambling

In a dramatic set of circumstances, the memecoin $TRUMP rocketed up over 29% in a single day. It surged to $12.21 following an announcement that energized its holder base: the top 220 token holders will receive invitations to dine with former U.S. President Donald Trump. The community has dubbed the offer “the most EXCLUSIVE INVITATION in the world,” and this has set off a buying frenzy, some wallet reshuffling, and a few strategic moves as investors try to ensure they are in the top holder club. LATEST: $TRUMP rose over 29% to $12.21 today after the announcement that its top 220 holders will be invited to dinner with Trump. It was described as the “most EXCLUSIVE INVITATION in the world.” pic.twitter.com/2HBoxGDsUK — CoinGecko (@coingecko) April 24, 2025 The early announcement brought about an immediate price rally, sending reverberations through both the meme token sector and the political crypto communities. Within hours, on-chain data showed large-scale liquidity movements and wallet reactivations not seen in months—a sure sign that both long-term whales and newcomers viewed the dinner invitation as a once-in-a-lifetime opportunity pregnant with prestige and potential influence. Liquidity Provider Makes Bold Move and Lands in Top 220 One of the most interesting plays was made by a longtime $TRUMP liquidity provider who executed a strategic liquidity withdrawal just two hours after the news broke. From two separate wallets, this individual extracted an estimated 211,977 $TRUMP tokens (valued at about $2.76 million) and 18,376 $SOL (also worth roughly $2.76 million). The move was so carefully timed and plotted that it seems aimed at boosting both wallets into the top 220 holder ranks of these assets. A longtime $TRUMP liquidity provider removed liquidity from 2 wallets 2 hours ago, receiving 211,977 $TRUMP ($2.76M) and 18,376 $SOL ($2.76M). Now, both wallets are in the top 220 holders — giving them a shot at scoring 2 invites to the $TRUMP dinner. This guy bought 332,424… pic.twitter.com/ti3v4LaV88 — Lookonchain (@lookonchain) April 24, 2025 Both wallets now have their places firmly established in the elite group, according to confirmed data from the blockchain. That puts the person who owns these wallets on course to earn not one, but possibly two invite-only seats at the Trump dinner. This was a quick play, but it was also a very clever and calculated one. These aren’t exclusive crypto benefits we are talking about; they are real-world, political, and celebrity. But when you get down to it, it’s all about money and making more of it. The same individual is very familiar with the $TRUMP ecosystem. On the token’s listing day, they bought 332,424 $TRUMP for only $802,000, with each token going for a humble $2.41. At its maximum, the worth of those holdings expanded to over $24 million, showing not just the volatility but even more the massive upside potential in this niche token project. Dormant Wallet Awakens with Big Buy — and Clear Intent In another twist, adding an air of mystery to the day’s proceedings, a wallet that hadn’t seen action for over five months suddenly came alive. It withdrew a considerable 1.5 million $USDC from Binance and used that sum to purchase 123,228 $TRUMP tokens. Why? Who knows! On-chain investigators are convinced it’s all part of an elaborate scheme to push the wallet’s holder into the top 220. Those holding the TRUMP token are in some way holding a token that gives them, if only metaphorically, a dinner with Donald Trump. After 5 months of inactivity, a wallet suddenly withdrew 1.5M $USDC from #Binance to buy 123,228 $TRUMP . Is this a move to secure a seat at the $TRUMP dinner? https://t.co/DO98ovJhTA pic.twitter.com/fjvwrVfcU8 — Lookonchain (@lookonchain) April 24, 2025 Dormant wallets showing renewed interest is just one manifestation of the new utility that the dinner invitation has given the $TRUMP token. The power of exclusivity has become the utility for the token, with the dinner invitation signifying that it has an exclusive pull, which is now the $TRUMP token’s most prominent feature. That is a development worth figuring. Although critics of $TRUMP might find the combination of meme culture and political branding ludicrous, supporters contend that the former president has stitched together truly unique rags of influence into a potent new kind of message. And that if you sew together entertainment, influence, and speculative investment, you get something that even makes a kind of sense. In what world, after all, does a semi-retired, entirely unsuccessful businessman have half the people in the country convinced that he’s a messiah? Political Memecoin or Prestige Asset? While the crypto universe closely follows the $TRUMP saga, one aspect is clear: the token’s transformation has gone far beyond that of a typical meme. Today, $TRUMP is more social currency than crypto, a tool for those trying to impress with the number of tokens they hold. And in the case of $TRUMP, as if so often with any social currency, the holders are not shy about boasting how many millions of the tokens they command. It is yet to be determined whether this strategy keeps moving in a sustained way over the long term, but for now, $TRUMP is enjoying a high-profile rally that is boosted by hype, exclusivity, and a rapidly closing window for top-tier access. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! NullTx