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US President Donald Trump launched an official cryptocurrency, Official Trump (TRUMP), earlier this month. The asset’s price skyrocketed upon launch, climbing into the top 30 projects by market cap. The coin hit an all-time high of $73.43 on Jan. 19, 2025, one day before Trump’s inauguration. The asset has since fallen by nearly 65% from its peak. Also Read: Gold Drops 2% as Dollar Surges: Fed Rate Decision Shakes Markets! Official Trump In The Red Source: Axios TRUMP is currently down 11.2% in the daily charts and 50.8% over the previous week. The dip is likely due to the bearish sentiment that looms over the crypto market. Source: CoinGecko The latest crypto market dip is likely due to larger macroeconomic conditions. The US dollar is picking up steam and investors are putting their funds in safer assets. President Trump announced some bullish news for the crypto industry as soon as he entered office. The announcements have failed to garner much steam in the market. Also R...

The Mad price skyrocketed 67% in the last 24 hours to trade at $0.00006226 as of 02:49 a.m. EST on trading volume that soared 98% to $18.5 million, according to CoinGecko.  Mad Price Indicators Show A Sustained Bullish Rally According to the MAD/USDT chart Analysis on the 4-hour timeframe, the Mad price was trading within the $0.000010 range from the beginning of November. However, the bulls seem to have won the struggle for dominance within this consolidation level. This pushed the price of Mad within a parabolic curve, signaling a sustained bullish rally in the last four days. The surge has now pushed the Mad price to trade above both the 50-day and 200-day Simple Moving Averages (SMAs). This is a confirmation of the general bullish prospects. Meanwhile, the Relative Strength Index (RSI) is currently at 86, signaling that the asset is heavily overbought. This typically indicates that a pullback or correction may be imminent. RSI levels above 80 often correspond to euph...

Every cryptocurrency has several categories of investors. The top three are retail, institutional investors, and whales. About 73% of Shiba Inu’s holders are whales, according to data from IntoTheBlock. With such a large concentration of whales, the SHIB market is expected to witness substantial transactions. More recently, a whale managed to purchase a staggering 1 trillion SHIB over the past seven days. Also Read: BRICS: Chinese Yuan Beats Euro To Become the Second Most Used Currency Arkham Intelligence data indicates that the address “0x78342” purchased this additional quantity of meme coins. This wasn’t all as the majority of the Shiba Inu tokens came from another unknown wallet, “0x826c.”. It’s interesting to see that this address still possesses $18.87 million, or 1.395 trillion SHIB. Source In addition, this wasn’t the first big move by the whale. The overall SHIB portfolio value of the whale, including purchases made during the wee...

A cryptocurrency whale made a complex leverage trading operation using Ethereum (ETH) as collateral to borrow $34 million in USDC. The borrowed amount landed in a Binance address, likely to invest in cryptocurrencies, which signals a bullish bias moving forward. According to a Lookonchain post on X, the whale withdrew 30,000 ETH from Bitifinex on June 30, worth $101.7 million. Right after, the address 0xEd0C deposited 20,000 ETH in two batches of 10,000 ETH to the Spark protocol. 0xEd0C6079229E2d407672a117c22b62064f4a4312 transaction history. Source: Etherscan Notably, this total deposit represents collateral with a nominal value of $67.8 million used to borrow 34 million DAI. DAI is a decentralized, over-collateralized stablecoin pegged at 1:1 to the U.S. dollar. Picks for you Dollar vs. Yen: ChatGPT-4o predicts forex giants' ...