Saylor teases future buying, TRUMP token stuns, MELANIA surges causing Trumpâs token to drop, and more in this Week in Review.
Saylor Teases Future Buys, TRUMP Token Stuns, and More â Week in Review
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Week in Review
Recent crypto headlines showcased Michael Saylorâs Microstrategy, which now holds 450,000 BTC. Meanwhile, the TRUMP token, a memecoin tied to Donald Trump, stunned the crypto world by hitting an all-time high of $73.43 and climbing to the 14th spot by market cap. Following this, Melania Trumpâs memecoin, MELANIA, surged 40% in 24 hours, though its launch timing faced criticism for overshadowing TRUMPâs success. The craze surrounding TRUMP tokens has also driven a surge in user activity on Moonshot, the platform behind the coinâs launch. Lastly, Ethereum faces turmoil with community dissatisfaction and leadership struggles.
âThings Will Be Different Tomorrowâ Teases Microstrategyâs Saylor
According to recent data, Michael Saylorâs Microstrategy holds an impressive 450,000 BTC, with the value of its holdings increasing by 68%. This equates to a $19.055 billion rise in the overall value of the companyâs bitcoin reserves⊠read more.
Editorâs comment: It was speculated that Saylorâs Microstrategy stopped purchasing Bitcoin in December through some portion of January due to a blackout period. Does this signal that this blackout period might be ending?
TRUMP Token Stuns Crypto World
Donald Trumpâs meme-inspired cryptocurrency, the âOfficial Trumpâ (TRUMP) token, has soared to unprecedented heights, reaching an all-time peak of $73.43 per coin on Sun. This recently launched token has swiftly climbed the ranks to become the 14th-largest by market capitalization within the crypto sector⊠read more.
Editorâs comment: We now have a U.S. president with an official memecoin. What a wild world.
$MELANIA Memecoin Sees 40% Surge, Trumpâs Token Drops
On Donald Trumpâs inauguration day, Melania Trumpâs memecoin, MELANIA, surged 40% in 24 hours, with its trading volume skyrocketing to $6.6 billion⊠read more.
Editorâs comment: Whether releasing MELANIA will turn out to be a mistake over the long term is anyoneâs guess, but releasing it so soon after TRUMP was a mistake.
Moonshotâs User Base Skyrockets Amid TRUMP Meme Coin Craze
According to the cryptocurrency platform dedicated to streamlining the process of buying, selling, and trading meme coins, Moonshot has experienced notable trading activity following its pivotal involvement in the official launch of TRUMP coin⊠read more.
Editorâs comment: It was quite a coup for Moonshot to be chosen as the advertised platform to purchase TRUMP. Kudos to Moonshot for handling the increased traffic.
Ethereumâs Descent Into Existential Crisis
A languishing chain appears to have triggered community uproar and a leadership shakeup at the Ethereum Foundation⊠read more.
Editorâs comment: Ethereum is undergoing a painful, but healthy crisis. Still, some of whatâs being said online is needlessly mean.
