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Top Meme Coins Trading Over The Market; Is Another Frenzy Here?

The crypto market has shown a positive swing in sentiments with upward price movements across Bitcoin (BTC), altcoins, and meme coins. As expected, several meme coins have soared above the wider market, clinching triple-digit gains at the start of the year. Digital asset analysts tip the overall trend to continue following macro factors, although corrections will be recorded in multiple assets. At press time, the total crypto market cap stands at $3.5 trillion, a 2.5% growth in the last 24 hours. The total meme coin figure is up 14% in the same period as it soared to over $127 billion. While bulls continue to push trading activities, bear traders warn of sharp volatility in January. Top Meme Coins Gainers According to data from CoinGecko, these assets are leading meme coin charts on the heels of massive community participation. Nexus Erebus (NXR) leads the pack with a 503% gain today to trade at 0.001682. The asset’s growth pattern can be seen across multiple timeframes, showing resilience despite periods of price corrections. Last week, NXR picked up a strong performance, posting 1292.5% and making a recovery from 307% gains in the last 30 days. The asset’s market cap is above $1.6 million, with low figures driving new users. Traditionally, crypto traders prefer early positions in meme coins to get an edge. MLG follows with a 269% inflow surge in inflows today. The meme coin exchanges hands at $0.009225, taking its market capitalization above $8.8 million. MLG recorded 196% gains this week alongside a similar monthly number. Reasons for the asset’s growth ranged from community participation to high volumes. Trumpius Maximus (TRUMPIUS) has picked up a 215% increase today to trade at $0.2685. Like other fast-rising meme coins, the asset posted huge wins in the short-term window. Is a Meme Coin Frenzy On The Cards? Several crypto users have projected a meme coin frenzy this year, citing a string of market-moving factors. Meme coins are known to jump in line with wider market trends, leading to a close monitoring of altcoin fundamentals. Last year, the market notched two meme coin rallies after Bitcoin soared to new all-time highs. The first came following the approval of spot Bitcoin ETFs, while the second was recorded after the U.S. Presidential elections. Days after Donald Trump’s inauguration, crypto traders have repositioned holdings. Recently, meme coin bulls have also made large asset purchases, swinging sentiments upwards. CoinOtag

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U.S. Justice Department Hands $4,300,000,000 To 40,930 Victims of ‘History’s Largest Ponzi Scheme’

The U.S. Department of Justice (DOJ) says it has nearly recovered all the losses suffered by tens of thousands of investors in the largest Ponzi scheme in history. In a press release, the DOJ says that throughout the course of a decade, it has disbursed more than $4.3 billion to 40,930 victims of a fraud scheme led by Bernard L. Madoff. Madoff is known for running a Ponzi scheme for about 17 years that defrauded investors from 127 countries out of approximately $65 billion. The perpetrator convinced people to invest in his firm, Bernard L. Madoff Investment Securities LLC, by promising decent returns while maintaining a trustworthy persona. The scheme collapsed at the height of the 2008 Global Financial Crisis (GFC) when investors panicked and withdrew their funds en masse only to find out that their money was being used to pay other investors. In June 2009, Madoff was sentenced to 150 years in prison for “running the largest fraudulent scheme in history.” He died in a prison hospital in April of 2021 at 82 years old. The DOJ says it recovered about $2.6 billion through several civil forfeiture actions against Madoff, his brother Peter B. Madoff, his co-conspirators and his clients who benefitted from the scheme including investors Carl Shapiro and Jeffry Picower. The agency also collected $1.7 billion after banking titan JPMorgan Chase settled accusations that the firm failed “to carry out its legal obligations” while serving as Madoff’s primary bank. Says Acting U.S. Attorney Edward Y. Kim for the Southern District of New York, “This office has never stopped at pursuing justice for victims of history’s largest Ponzi scheme… We have succeeded in compensating 40,930 victims with close to 94% of their losses. As this extraordinary effort demonstrates, this office and MLARS (Money Laundering and Asset Recovery Section) are committed to protecting and assisting victims of crime, no matter how long it takes and no matter how complicated the endeavor.” 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 U.S. Justice Department Hands $4,300,000,000 To 40,930 Victims of ‘History’s Largest Ponzi Scheme’ appeared first on The Daily Hodl . CoinOtag