Author: Benjamin Lee
President Trump’s official memecoin (TRUMP) is about to go through a massive token unlock worth about $341 million. According to crypto tokenomics data aggregator Tokenomist, 40 million TRUMP tokens will be unlocked on the open market on April 18th. With 199 million TRUMP tokens currently in circulation, the unlock represents about 20% of the memecoin’s circulating supply. TRUMP currently has a market cap of $1.69 billion and a fully diluted valuation (FDV) of $8.48 billion. Token unlocks are often considered bearish for crypto assets, given that new supply will soon be available and sell pressure may be higher. Like most…
A closely followed crypto analyst believes one meme token operating on Solana (SOL) is in the early stages of a market recovery. Pseudonymous analyst Altcoin Sherpa tells his 243,800 followers on the social media platform X that he’s bullish on the memecoin Bonk (BONK). The trader shares a chart suggesting that BONK will face resistance at the $0.000012 level before printing a bullish higher low setup and rallying to his target above $0.0000145. “BONK is looking strong in the short term, and should go higher. Should be a pullback around the 200 EMA (exponential moving average) on the four-hour chart…
A Solana (SOL)-based decentralized wireless network crypto project is skyrocketing after the U.S. Securities and Exchange Commission (SEC) dismissed its lawsuit against the protocol. In a new thread on the social media platform X, the development team behind Helium (HNT) says that the regulatory agency has dropped its lawsuit against the crypto platform, which alleged that they violated securities laws. According to a press release, Helium developer Nova Labs agreed to pay the SEC $200,000 to settle the accusation without admitting to any wrongdoing. News of the dismissal caused HNT to rally as it went from a low of $2.62…
A widely followed trader is leaning bullish on the native token of a decentralized finance (DeFi) crypto project built on the Ethereum (ETH) ecosystem. The analyst pseudonymously known as Credible Crypto tells his 466,900 followers on the social media platform X that it is within the realm of possibility for Curve DAO (CRV) to witness an over 400% rally from current levels. Credible says he sees CRV following in the footsteps of the payments altcoin XRP (XRP) when it witnessed a massive price rise in late Q4. “This is actually quite feasible because once we clear $0.60-$0.80, the next major resistance…
Coinbase traders can now buy and sell the brand-new native token of a new omni-chain tool focused on artificial intelligence (AI). The top US crypto exchange rolled out support for Wayfinder (PROMPT) on Thursday, the same day the token launched. Wayfinder bills itself as an omni-chain tool “providing groundbreaking ways for AI to interact with blockchain environments.” The project’s whitepaper notes that it will also be used for blockchain-based games. “Wayfinder is an AI agent framework able to power blockchain-based games, with Parallel Studios’ Colony as an initial game incorporating Wayfinder’s technology, as well as provide generalized on-chain AI capabilities…
Users of the world’s largest crypto exchange by volume have voted to add three new altcoins to the trading platform. In a new announcement, Binance says traders that use its services have voted to add decentralized investment banking protocol Ondo (ONDO), blockchain-based multiplayer role-playing game Big Time (BIGTIME), and artificial intelligence (AI)-based gaming protocol Virtuals Protocol (VIRTUALS) to its suite of crypto products. Binance says the trio of assets will be added with a seed tag, which warns investors that they may display higher levels of volatility compared to other digital assets. “ONDO, BIGTIME, and VIRTUAL are relatively new tokens…
An official committee of the Bank of England tasked with monitoring the economy of the UK says it will continue to monitor developments in stablecoins and the financial risks associated with these assets. In a report of its April 4th and April 8th meetings, the Financial Policy Committee (FPC) identifies the risks posed by stablecoins as the market for these stable asset-pegged cryptocurrencies grew in size and activity over the past year. “Greater issuance of sterling offshore stablecoins with inappropriate backing assets, or backing assets on which the risk is poorly managed, could be vulnerable to greater risk of fire-sales…
The world’s largest crypto exchange platform by trading volume is adding support for a new Bitcoin (BTC) staking protocol. In a new announcement, Binance says it will be adding the BTC staking project Babylon (BABY) to its massive suite of digital asset products. Babylon, which launched Babylon Genesis today, rose in value after gaining support from Binance. BABY went from a daily low of $0.084 to a peak of $0.099 just a few hours later. It has since retraced and is trading for $0.087 at time of writing, a 4.6% gain during the last 24 hours. According to the project’s…
The official corporate arm of the Dogecoin Foundation is partnering with one of the world’s leading producers of crypto exchange-traded products (ETPs) on a new Dogecoin (DOGE) product. In a new press release, 21Shares and House of Doge are announcing their new partnership to launch DOGE ETPs globally. Says Jens Wiechers, Advisory Board Member at House of Doge and Co-Executive Director of the Dogecoin Foundation, of the new partnership, “This partnership marks a very large step forward for the Dogecoin vision. Dogecoin was created to be a fun, accessible form of peer-to-peer money, and over the years, it has demonstrated…
Cryptocurrency trader and analyst Ali Martinez is leaning bullish on a memecoin built in the Solana (SOL) ecosystem while offering his forecast for Ethereum (ETH) and Chainlink (LINK). Martinez tells his 134,800 followers on the social media platform X that the Official Trump (TRUMP) memecoin could be preparing for a bullish reversal based on the Tom DeMark (TD) Sequential indicator signals on the weekly time frame. The TD Sequential indicator is used to identify potential trend reversal points in technical analysis. According to the analyst, TRUMP could rally by around 138% from the current level and hit a price target…