🔵 #Can BTC Break $110K?#
Bitcoin recently broke above $107,000 and is currently trading around $105,000, just shy of its all-time high at $109,580. Do you think Bitcoin can set a new record and push past $110,000? Share your analysis and predictions with us!
🔵 #AI Token Market Cap Rebounds#
According to CoinGecko, the total market cap of the AI agent sector has rebounded to $6.862 billion, with a 1.2% increase in the past 24 hours. Notably, VIRTUAL surged 18.5%, and AI16Z rose 7.1%. Which AI tokens are you bullish on? How are you planning your portfolio strategy? Let’s hear your thoughts!
Melania Trump Memecoin: Information Before Launch from FT
Huge Profit Trading Group from Memecoin MELANIA
According to a report from the Financial Times, a group of cryptocurrency traders purchased millions of USD in Melania Trump's memecoin before she announced it on social media. They made a profit of about 100 million USD by buying 2.6 million USD worth of MELANIA Tokens before the public launch on January 19. The price of this Token rose from 2.00 USD to 12.95 USD, an increase of 550%. The traders sold out within 12 hours. In total, 24 accounts bought 16.7 million of the 200 million Tokens sold.
The Controversy Surrounding MELANIA And TRUMP Token
From January 19 to January 28, the Tokens were under close scrutiny due to concerns about conflicts of interest and corruption. When then-President Trump announced the TRUMP Token, both faced accusations from U.S. lawmakers. One senator called for impeachment after Trump announced he would invite some TRUMP Token holders to a private dinner.
Token Price Drops Sharply And Criticism From Lawyers
The price of Tokens has rapidly decreased after their launch. Melania's Token has dropped to 0.31 USD, while the TRUMP Token has also decreased to 10.90 USD on May 6th. Two companies related to Trump control about 80% of the TRUMP Token supply, although many Tokens are still locked and will be released over the next three years. Critics argue that the project could harm investors.
The Controversial Path of Trump's Cryptocurrency Project
Projects related to Trump and cryptocurrency have raised many questions about conflicts of interest and insider trading. Despite the criticisms, public interest in memecoins continues to rise. However, the long-term viability of these coins remains a big question mark.
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