By Shikha Singh
Trump Debuts $Trump Meme Coin as He Prepares for Second Term Inauguration.
President-elect Donald Trump has launched a new cryptocurrency meme coin, $Trump, on the Solana network, just ahead of his second-term inauguration. He announced the launch of Truth Social and X on Friday night. Promoted as a humorous way to support Trump, the coin has surged in value, climbing from $10 to $70 each. Marketed by CIC Digital, an affiliate of the Trump Organization, the coin has drawn the attention of both enthusiastic crypto supporters and critics. Some praise the launch as a sign of Trump’s pro-crypto stance, while others, like former Trump communications director Anthony Scaramucci, warn it could lead to foreign influence over the president.
Bitcoin Traders See $122K in Weeks as BTC Price Breakout Looms.
On January 19, Bitcoin (BTC) approached new monthly highs, nearing $105,500 ahead of the weekly close. Given the approaching inauguration of US President-elect Donald Trump, Bitcoin’s 12% increase in January made it an attractive option for long positions. Traders are increasingly optimistic about new all-time highs, with some predicting that Bitcoin could soon surpass its previous record.
Popular traders like Pentoshi and Eljaboom expect Bitcoin to reach $150K in this cycle, while Daan Crypto Trades highlighted the importance of holding a key support zone around $102.7K for further upside potential.
TRUMP has flipped PEPE and SHIB to Become Second-largest Meme coin, with Market Cap Exceeding $13 bn.
Trump’s newly launched meme coin, TRUMP, quickly surpassed Pepe (PEPE) and Shiba Inu (SHIB) in market cap, reaching around $13.5 billion, making it the second-largest meme coin after Dogecoin (DOGE). Days before President-elect Donald Trump’s inauguration, we introduced the token, describing it as a celebration of his ideals and a symbol of “WINNING.” It saw rapid growth, hitting an $8 billion valuation within three hours and later surging past $30, driven by listings on major exchanges like Upbit, Kraken, and Binance. Coinbase also added it to its listing roadmap, further boosting its value, which rose by 230% in 24 hours.
XRP Approaches All-Time High Amid Trump Optimism and ETF Hopes.
XRP has surged past the $3 mark, reaching a peak of $3.38, driven by political optimism following Donald Trump’s electoral victory. This marks a 500% increase from its previous price of $0.50, positioning XRP as the third-largest cryptocurrency by market cap. Key to this rise is speculation around the approval of an XRP ETF, which could attract billions from traditional investors, as reported by JP Morgan. Ripple’s holdings have grown significantly, now valued at around $136 billion, boosted by the company’s strategic efforts to influence regulatory frameworks.
MicroStrategy’s Saylor Hints at Bitcoin Buy for 11th Consecutive Week.
On January 13, MicroStrategy, under the leadership of co-founder Michael Saylor, pursued its Bitcoin acquisition strategy by purchasing 2,530 BTC for $243 million, thereby increasing its total holdings to 450,000 BTC. Saylor has posted a Bitcoin chart every week since November 2022, signaling ongoing purchases as part of the company’s “21/21 plan” to raise $42 billion for Bitcoin purchases. MicroStrategy remains the largest corporate holder of BTC.
Shiba Inu Price Falls, Shibarium Crosses Milestone, Burn Rate Soars.
Shiba Inu’s price retreated over the weekend, possibly due to traders shifting focus to *Official Trump*, a new meme coin. However, several factors could drive Shiba Inu’s price higher. The rise of Bitcoin could potentially attract more investors to altcoins such as Shiba Inu, while the token’s burn rate surged to over 30 million, thereby reducing the circulating supply. Shiba Inu’s Layer-2 network, Shibarium, reached key milestones with over 800 million transactions and 2.1 million addresses, signaling growing adoption. These developments, along with Shiba Inu’s expanding ecosystem, suggest strong long-term potential despite short-term price fluctuations.
Coinbase’s Base L2 Market Share in NFT and DeFi is Growing.
Base, Coinbase’s layer-2 blockchain, has become the largest in the crypto space, leading in both decentralized finance (DeFi) and non-fungible token (NFT) markets. It now hosts 410 decentralized applications (dApps) in DeFi, with major players like Aerodrome, Uniswap, and Morpho Blue. Base’s ecosystem has processed $264 billion in transactions, with $12.2 billion handled in just the past week. Additionally, its meme coin market has surged, reaching a valuation of over $2.6 billion.
Base also leads in the NFT sector, with sales rising 45% to $8.3 million in the last week, while its unique buyer count jumped by 128%. The network has handled nearly 40 million transactions in the last 30 days, outpacing competitors like Arbitrum and Polygon. Base’s growing presence in AI and gaming industries further positions it for expansion.
New Users Execute 5.3 mn SOL Transactions after Trump’s Official Token Launch.
Solana (SOL) reached a new all-time high of $275 on January 19, driven by the launch of the $TRUMP token on its network. The $TRUMP token’s massive success, gaining over 3000% in just 24 hours, spurred investor demand for Solana, pushing its price up by 51% over six days. The token’s rise led to a surge in Solana’s market cap, which increased by over $75 billion, solidifying SOL as the top-performing cryptocurrency among the top 20 assets in 2025.
Alongside speculative demand, on-chain data showed a significant influx of new users, with 5.32 million transactions recorded from newly created SOL wallets. This organic demand further bolstered the price surge. With growing optimism around potential crypto-friendly policies from Trump’s administration, Solana could see continued long-term growth.
SEC Charges Nova Labs Over Crypto Securities Fraud and False Partnership Claims.
The U.S. Securities and Exchange Commission (SEC) has charged Nova Labs with conducting unregistered securities offerings and making false statements to mislead investors. The company allegedly sold investment contracts through its “Hotspots” devices, which mine crypto assets (HNT, MOBILE, and IOT tokens), and a “Discovery Mapping Program” that rewards users with MOBILE tokens. The SEC claims Nova Labs promised profits from its efforts to build a wireless network that would increase the value of its tokens.
Additionally, Nova Labs falsely claimed that major companies like Nestlé, Salesforce, and Lime were using its network, leading to cease-and-desist letters from Nestlé and Lime. The SEC charges the company with fraud and violations of securities laws, seeking remedies including injunctions, disgorgement of profits, and civil penalties. This case highlights the SEC’s ongoing scrutiny of cryptocurrency companies operating without proper securities registration and making misleading claims to attract investment.
Mad Lads Achieves Sixth Place Among NFTs as Solana’s Value Rises Amid TRUMP Memecoin Hype.
The Solana NFT market has seen strong growth, with a 15% increase in the last 24 hours, bringing its total valuation to $714 million and attracting $3.39 million in trading activity. Notable NFT collections like Mad Lads, Claynosaurz, and Solana Monkey Business have seen significant floor price increases. Additionally, Solana’s decentralized tokens, such as Jupiter and Raydium, have also performed well, with gains of 33% and 10%, respectively.
The launch of the TRUMP memecoin has further boosted interest in Solana-based assets, including Trump’s Digital Trading Cards, which have seen a 12% rise in their floor price. This phenomenon highlights the growing influence of celebrity and political branding on digital assets, creating new opportunities for both seasoned investors and newcomers. The success of these assets demonstrates the potential for NFTs tied to popular culture and political figures to engage a broad audience, suggesting further growth in this space.
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