2 days ago
The CEO of digital asset analytics firm CryptoQuant is showing proof that demand for Tether ( USDT ) remains strong even as the largest stablecoin by market cap faces mass delisting. European crypto exchanges are pulling the plug on the dollar-pegged crypto asset to comply with the requirements of the Markets in Crypto Assets (MiCA) regulation that took effect on December 30th. Under the MiCA regulation, stablecoin issuers operating in the European Union (EU) need to obtain certain licenses to operate in the region, but Tether failed to meet this requirement. Data from CoinMarketCap shows that USDT’s market capitalization dropped from $140.5 billion to $138 billion over the past week as Tether braces for regulatory hurdles in the EU causing fear, uncertainty, and doubt (FUD) in the market. The asset also fell short of its 1-to-1 peg with the US dollar, as it trades for $0.998 at time of writing. But CryptoQuant CEO Ki Young Ju sees no significant impact on Tether. In a post on social media platform X, he shares a chart of USDT’s exchange reserves, which represents the number of USDT held in exchanges. For stablecoins, the increase in value indicates buying pressure. “Tether FUD: EU exchanges are delisting USDT ahead of MiCA. USDT is losing its power! Actual impact on exchange USDT reserves:” Source: Ki Young Ju/X 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 Tether Delisting ‘FUD’ Having Zero Effect on USDT Reserves, According to CryptoQuant CEO appeared first on The Daily Hodl .
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Pepe the Boss (PEPEBOSS) Solana Memecoin Will Explode Over 19,000% Before Exchange Listings, While Shiba Inu and Dogecoin Lag
Pepe the Boss could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did. Pepe the Boss (PEPEBOSS), a new Solana memecoin that was launched today, is set to explode over 19,000% in price in the coming days. This is because PEPEBOSS is set to soon be listed on numerous crypto exchanges, according to reports. This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up. Currently, Pepe the Boss can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days. Early investors in SHIB and DOGE made astronomical returns, and Pepe the Boss could become the next viral memecoin. Pepe the Boss launched with over $8,500 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains. How to Buy To buy Pepe the Boss on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Pepe the Boss by entering its contract address – 5pgsjH712NZ6eaKunsEfZarG9UotHaxvheW5E39a8NFX – in the receiving field. If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others. In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price. If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner. The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum. This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like PEPEBOSS. Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price. The Daily Hodl
