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US President Donald Trump’s surprising launch of the Official Trump (TRUMP) meme coin fueled a frenzy as fans and day traders pushed billions of dollars in trading volume. A day later, First Lady Melania Trump joined the trend with her own meme coin, Official Melania (MELANIA), which added to the cryptocurrency craze. But the result was damaging. Both the meme coins crashed soon. In fact, TRUMP and MELANIA coins were still down by over 50% and 80% since their peaks, respectively. TRUMP, MELANIA On-Chain Activity Recent findings from Chainalysis reveal a sharp contrast in the distribution and profitability of TRUMP and MELANIA token holders. While the majority of wallets containing TRUMP are retail buyers with small holdings, a select group of whales has seen significant gains. Approximately 50 wallets have realized profits of more than $10 million at the wallet level, which essentially depicted the outsized influence of these early or high-volume investors. On-chain data from Chainalysis Reactor shows that after the minting of 1 billion TRUMP tokens, four wallets received the majority of the supply. This stash was either for direct holding or to provide liquidity on exchanges. Despite the concentrated distributions, the broader holder base largely consists of retail investors. As of January 21, most wallets holding TRUMP or MELANIA contained less than $100 in tokens, which is indicative of widespread but modest retail interest. Over 80% of these investors hold under $1,000 in assets on the Solana blockchain, and half are new to Solana altcoins, creating wallets specifically to purchase TRUMP or MELANIA. While retail participation is high, profits remain modest for most. Over 77% of wallets holding TRUMP have realized gains of less than $100. However, the dominance of whales continues, with 40 wallets holding over $10 million in TRUMP or MELANIA tokens, accounting for 94% of the total supply. Increased Scrutiny Despite the popularity of the two tokens, the move by the President and his wife has attracted significant criticism. James Thurber, the founder and former director of the Center for Congressional and Presidential Studies, accused Trump of using his pro-cryptocurrency advocacy as a personal profit-making strategy. In a statement to the Guardian, Thurber said, “There are shameful and major conflicts of interest with respect to his family business benefiting from his cryptocurrency policies. (Trump) does not seem to worry about the public interest with respect to cryptocurrency. He seems to be driven by profit and wanting to be a major part of the billionaire class in the US.” Meanwhile, FinTAX’s comprehensive analysis observed that there are legal, tax, and political risks for the TRUMP meme coin. Key concerns include SEC regulatory scrutiny (using the Howey Test), tax compliance challenges with 80% token ownership, and potential political finance violations. Risks include possible security classification, tax complications from token unlocking, and potential disruption of political donation norms. The post Whales Dominate TRUMP and MELANIA Meme Coin Ecosystems: Chainalysis appeared first on CryptoPotato .
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ADA and XRP Supporters Place Big Bets on Remittix: Shaping the Future of Global Crypto Transactions
The cryptocurrency market is brimming with fresh opportunities, especially as the ongoing bull run promises another significant surge. As the market heats up, investors from Cardano and Ripple have identified a new crypto gem, Remittix , which is set to deliver substantial gains in the 2025 bull market. Offering cutting-edge blockchain solutions for international payments, Remittix (RTX) is steadily reshaping the financial landscape. Analysts widely view it as the top cryptocurrency to invest in right now for impressive returns. Cardano Navigates Market Turbulence Following a strong run, Cardano has seen a notable dip, decreasing by 1.9% over the past week. This decline has been largely driven by macroeconomic factors, particularly inflation concerns spurred by unexpectedly strong U.S. employment figures. Despite the drop in ADA`s price, Cardano remains a key player in the crypto arena, with $1.16 billion in open interest reflecting investor confidence. Looking ahead, anticipated changes in U.S. crypto tax policies are stoking optimism for a rebound. Analysts suggest that ADA could see further gains if it holds support at $0.90. Cardano`s resilience underscores its capability to withstand market fluctuations, highlighting the importance of diversification. As they navigate these challenges, many ADA investors are exploring new avenues like Remittix to enhance their investment portfolios. Ripple`s Prospects Dim Despite Positive Outlook Ripple`s XRP, currently priced at $3.16, has seen a 12.5% rise in the past week. Experts attribute this growth to several influencing factors. One key factor is the recent launch of Ripple USD (RLUSD), a stablecoin tied to the US dollar. This development is expected to enhance XRP’s functionality and draw more users to the Ripple network. As a result, crypto analyst Javon Marks predicts that XRP could soar to $16.50, achieving over 7,200% gains, potentially driving prices up to $168. This positions Ripple’s XRP as a leading altcoin to invest in during the DeFi surge. Nonetheless, XRP investors are turning their attention to Remittix, a promising new prospect, poised for significant price movement in the upcoming bull run. Remittix Poised for Significant Growth Cross-border payments, valued at about $150 trillion in 2017, are projected to reach $250 trillion by 2027. By integrating blockchain technology with traditional banking, Remittix is carving out a substantial share in this vast market, offering a seamless and efficient solution for global transactions. Remittix enables users to quickly convert over 40 cryptocurrencies into fiat currency, which can then be transferred directly to any bank account worldwide. What sets Remittix apart is its simplicity. Recipients simply receive a typical bank transfer, unaware that it originated as a cryptocurrency transaction. With its innovative features, users can manage their funds with complete freedom and flexibility. The platform is challenging established players like Coinbase, Wise, and Stripe. However, unlike these traditional platforms, Remittix uniquely facilitates sending money via cryptocurrency, converting it, and depositing it instantly into a bank account. Businesses can now accept crypto payments from customers and process fiat transactions to designated bank accounts using Remittix`s Pay API. Additionally, companies can create merchant accounts, giving them full control over their cryptocurrency payouts and access to more than 50 cryptocurrency pairs and over 30 fiat currencies. Remittix (RTX) is experiencing a surge in investor interest. With tokens priced at just $0.0282 and over $5.3 million raised in the $RTX presale, enthusiasm is high. Market experts foresee a remarkable 5,000% increase following launch and an 800% rise before the presale ends. As Remittix leads the way, now is an ideal time to delve into the world of cross-border payments. Explore the future of PayFi with Remittix by visiting their presale here: Website: https://remittix.io/ Socials: https://linktr.ee/remittix Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Bitzo, nor is it intended to be used as legal, tax, investment, or financial advice. Crypto Potato
Trump’s Executive Orders Ignite Excitement Among Crypto Enthusiasts
Trump`s executive orders create a wave of excitement in the crypto community. The Presidential Working Group aims to assess national cryptocurrency reserve potential. Continue Reading: Trump’s Executive Orders Ignite Excitement Among Crypto Enthusiasts The post Trump’s Executive Orders Ignite Excitement Among Crypto Enthusiasts appeared first on COINTURK NEWS . Crypto Potato
