73 days ago

Trump Family’s Meme Coin Fiasco Triggers $1.1 Billion in Crypto Liquidations

Meme coins are a particularly intriguing part of the cryptocurrency space as they can lead to remarkable price increases within days and sometimes hours. However, they can cause significant pain and disappointment when (most of them) inevitably crash. The dangers are amplified when it comes down to meme coins launched by the US president-elect and the former and future first lady. The Trump Meme Coin Saga The last weekend before Trump’s inauguration was expected to be the calm before the storm. However, that couldn’t be further from the truth due to Friday evening’s launch of Official Trump – a Donald Trump-backed and endorsed meme coin. Given his stature and upcoming role, the token turned all eyes on itself and exploded in value. At one point, it was close to cracking in the top 10 largest cryptocurrencies by market cap as its own had grown to nearly $15 billion. That’s right, $15 billion attracted within a day or so. It surpassed more established memes like PEPE and SHIB before the latter eventually reclaimed its place as the second-largest in its field, but the current difference is quite negligible. TRUMP’s price peaked at around $75, according to CMC and CG, before the upcoming president’s team decided to rock the markets again on Sunday evening and introduced a Melania meme coin. This had a multi-fold effect – the newer Trump family token skyrocketed, reaching a high of $13 (CMC), while its ‘older’ sibling dumped by 50% at one point, wiping out billions of its market cap. It went from the aforementioned high of $75 to $38 within hours before recovering some ground to just under $60 now. Liquidations on the Rise TRUMP’s price crash affected the rest of the market as well. BTC went from its monthly peak of just over $106,000 to under $100,000 within an hour or so, and most altcoins followed suit with massive price drops. Despite recovering from their overnight lows, assets like SOL, DOGE, ADA, AVAX, SUI, and XLM have dumped by somewhere between 6-8%. Even more painful declines come from PEPE, VET, APT, and others. Naturally, these developments led to a cascade of liquidations across the entire market. The total value of wrecked positions in the past day is close to $1.2 billion, with more than 400,000 traders liquidated. Although the single-largest wrecked order involved BTC, TRUMP’s token saw $140 million in liquidations as well, placing it ahead of more established assets like SOL, DOGE, and XRP. These developments continue to raise the important question of whether the introduction of not one but now two meme coins by the future first family is good or bad for crypto . Liquidation Heat Map. Source: CoinGlass The post Trump Family’s Meme Coin Fiasco Triggers $1.1 Billion in Crypto Liquidations appeared first on CryptoPotato .

Crypto Potato

You can visit the page to read the article.
Source: Crypto Potato

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.

MAGACOINFINANCE Heating Up—Is 2025 the Year It Surpasses BTC, SOL, and XRP?

Crypto markets in 2025 are buzzing—and not just about Bitcoin (BTC), Solana (SOL), or XRP. A new contender, MAGACOINFINANCE, is rapidly emerging from pre-sale status to serious competitor status. Analysts are watching closely to see if this project could leap ahead of even the biggest names this year. CURRENT PRICE – $0.0002704 – LISTING PRICE $0.007 -PRE-SALE SELLING OUT! MAGACOINFINANCE – AN UNSTOPPABLE FORCE IN 2025 Unprecedented Growth Potential MAGACOINFINANCE has already raised over $4.5 million, and interest continues to surge as the project garners attention from BTC and SOL holders alike. With a tight 100 billion token supply and impressive early adoption, its rise resembles that of previous cycle legends—only with even greater upside due to current entry prices. ACT NOW – GET 50% EXTRA BONUS WITH CODE MAGA50X Get Ahead with a Bonus-Loaded Pre-Sale Entry Priced at just $0.0002704, and set to list at $0.007, MAGACOINFINANCE gives early investors a clear shot at a projected 2,532% ROI. Apply promo code MAGA50X to instantly receive a 50% EXTRA BONUS, supercharging your allocation before the next pricing tier hits. MATIC, SOL, SEI, and APT: Still Leading, but Facing New Competition Polygon (MATIC) trades at $0.209, continuing to dominate Ethereum Layer 2 scaling.Solana (SOL) holds at $125.88, a favorite among developers for speed and low fees.Sei (SEI) is priced at $0.179, gaining recognition for trading-focused blockchain performance.Aptos (APT) sits at $5.30, focused on scaling Layer 1 usability and security. ACT NOW – JOIN THE BIGGEST PRE-SALE IN HISTORY! Conclusion As the cryptocurrency market continues to evolve, both established and emerging digital assets present unique opportunities. While Bitcoin (BTC), Ripple (XRP), and Solana (SOL) pursue growth strategies, MAGACOINFINANCE distinguishes itself with its innovative approach and attractive pre-sale incentives. Investors are encouraged to conduct thorough research, stay informed about market trends, and consider diversifying their portfolios to navigate this dynamic landscape effectively. For more information on MAGACOINFINANCE and to participate in the pre-sale, visit: Website: magacoinfinance.com Twitter/X: https://x.com/magacoinfinance Continue Reading: MAGACOINFINANCE Heating Up—Is 2025 the Year It Surpasses BTC, SOL, and XRP? Crypto Potato

Ripple (XRP) Dips Below $2 — What Analysts Expect Next

TL;DR Ripple (XRP) rebounded from the sub-$2 levels. One analyst believes its performance in the short term will depend heavily on Bitcoin’s fluctuations. Others forecasted a move to $2.50 – $3, fueled by favorable legal outcomes, institutional interest, and potential momentum above the $2.13 breakout zone. The Next Potential Moves The cryptocurrency market witnessed another correction in the past several hours following the latest wave of trade tariffs implemented by US President Donald Trump . Ripple’s XRP, which was holding above $2.15 prior to the announcement, briefly tanked under $2. Shortly after, it registered a slight rebound and currently trades at around $2.04 (per CoinGecko’s data). Numerous analysts noted the asset’s latest pullback, projecting interesting targets for the short term. The X user CRYPTOWZRD said XRP now tests the $2 daily support level, adding that “we need a reversal from this location.” They also assumed that the performance of Ripple’s cross-border token would depend on Bitcoin: “Whatever Bitcoin does, XRP will follow that. No altcoins can escape while Bitcoin is crashing.” The primary cryptocurrency, which surged past $88,000 at one point on April 2, nosedived to almost $82,000 after the escalation of the trade war. As of this writing, it is worth approximately $83,300, representing a 5% decline on a weekly scale. BlockchainBaller was much more bullish, forecasting that XRP could soar to the $2.50-$3 range this month, driven by favorable legal outcomes and increased institutional adoption. It is important to note that major developments on the legal front have already played a role in the asset’s price performance. Last month, Ripple’s CEO revealed that the US SEC had dropped its appeal against the company, describing this as the end of the lengthy lawsuit. Several days later, CLO Stuart Alderoty said the firm will withdraw its cross-appeal and pay a penalty of $50 million (instead of the previously ruled $125 million). He said the $50 million is already in an interest-bearing account, whereas the remaining amount will be returned to Ripple. The only missing conclusion of the case seems to be an official statement from the SEC, which may be released in the following days. However, it remains doubtful whether such a disclosure would fuel a rally for XRP, as it could have already been priced in. The Potential Breakout Zone Several hours before the latest correction, Crypto General claimed that XRP is still consolidating above the breakout zone of $2.13 “and is holding it strong.” The analyst predicted that the next bull run could be ignited by an upswing above that mark, promising to “add heavy bag” once that happens. As mentioned above , though , XRP headed south instead of breaking beyond the depicted target. The post Ripple (XRP) Dips Below $2 — What Analysts Expect Next appeared first on CryptoPotato . Crypto Potato