Memecoins
Dominates TROG Memecoin with Over 50% Stake in $32 Million Illiquid Wallet
Donald Trump’s crypto portfolio, as detailed by Arkham Intelligence, has seen a significant increase in value over the past three months, peaking at around $32 million due to a surge in memecoins.
Its holdings are diversified across multiple tokens, with notable holdings in TROG, TRUMP, ETH, and WETH.
Top Trump headlines and market impact
Trump’s largest holding lies in the TROG token, with 210.345 billion tokens valued at approximately $21 million. This represents more than half of TROG’s total market capitalization of $36 million, indicating a substantial concentration of its portfolio in this single asset.
The price of TROG is approximately $0.0001. It rose over 160% in the last 24 hours after his supporters realized he held the token. The TRUMP token, another major holding, is valued at $7.61 million, with 579.29 thousand tokens priced at $13.13 each.
TROG capitalizes on the continued popularity of frog-themed memecoins like PEPE, intertwined with themes drawn from Trump’s political branding. The creators of TROG describe it as a blend of meme culture and financial strategy, aiming to capture both the humor and investment potential of the crypto market.
The official TROG website playfully notes: “Welcome to the wacky and wild world of Trog (Trump Frog) – the meme coin that is here to make crypto great again!” Born from legendary internet culture and inspired by the one and only Donald Trump, Trog combines the hilarity of memes with the revolutionary spirit of cryptocurrency.
Cultural and financial context of TROG
TROG’s creation is rooted in Internet meme culture, particularly a Photoshop meme featuring Donald Trump with a green frog painted on his mouth and chin. This meme gained popularity when artist Mike Mitchell tweeted several altered photographs of Trump in May 2017.
In one week, the original tweet garnered more than 31,600 likes and 14,300 retweets. The meme quickly spread, with additional photoshopped images widely shared across social media platforms and covered by outlets like Bored Panda, Mashable, and The Daily Dot.
The strategic dropping of TROG into Trump’s portfolio, which comprises half of the total supply, appears to be a calculated move by the developers to exploit his public profile and influence. However, despite the large face value of these holdings, the practical implications of liquidating such a large amount of TROG at market value are questionable. As Arkham pointed out, “with this amount of supply, it’s unlikely that Trump could sell it at market value, if he even knew it existed.”
Most of Trump’s income appears to come from donations and token airdrop projects aimed at him. wallet, as well as royalties from his TRUMP NFT collection. Despite the impressive total value of his portfolio, which has ballooned to around $30 million, a significant portion of that wealth is illiquid. This is due to the lack of market depth and volume for some of the memecoins it holds, like TROG, which saw just $20 million in trading volume in the last 24 hours.
This illiquidity could pose difficulties in realizing the full value of one’s holdings, meaning they are just paper profits. His Ethereum (ETH) holdings stand at 471.79 ETH, valued at $1.80 million, while his Ethereum (WETH) holdings stand at 374.974 WETH, valued at $1.43 million. Other notable assets include MVP, CONAN, BABYTRUMP, and ELON tokens.
Trump’s evolving views on cryptocurrency
Despite his historically fluctuating stance on cryptocurrencies relative to the US dollar, Donald Trump has shown a significant shift towards a more favorable attitude. In a May article on Truth Social, shortly before his appearance at the Libertarian National Convention, he expressed optimism for the cryptocurrency sector.
Trump expressed his strong belief in the potential of cryptocurrency companies and related industries, emphasizing the need for the United States to play a leadership role in this innovative field. “I am very positive and open-minded towards cryptocurrency companies and everything related to this new and booming industry. Our country must be a leader in this area,” he wrote in characteristic capital letters, adding: “There is no second place.”
This marks a notable shift from his previous views, as expressed in a 2021 interview with Fox Business, in which he argued for strict regulation of cryptocurrencies, saying: “The currency of this world should be the dollar.
And I don’t think we should have all the Bitcoins in the world. I think they should regulate them very, very high. This shift in Trump’s view reflects broader acceptance and recognition of the transformative potential that cryptocurrencies hold for the future of global finance.
Memecoins
Memecoins dominate major derivatives in terms of open interest | Flash News Detail
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Memecoins
Have a profitable August with Shiba Inu and Mpeppe (MPEPE) Don’t miss the winnings
August offers investors a unique opportunity to capitalize on the potential gains offered by Shiba Inu (SHIB) and Mpeppe (MPEPE)These two memecoins take advantage of the viral nature of internet memes and popular culture, attracting a diverse and enthusiastic audience. In this article, we’ll look at why Shiba Inu (SHIB) and Mpeppe (MPEPE) are poised for gains this month and why you shouldn’t miss out on the potential profits.
The viral power of memecoins
Memecoins have the inherent ability to leverage the viral nature of internet memes and popular culture references. This can lead to rapid spread of the cryptocurrency’s brand and message across various online platforms, potentially appealing to a broader and more diverse audience. Shiba Inu (SHIB) and Mpeppe (MPEPE) are great examples of how this viral potential can translate into substantial community growth and market presence.
Shiba Inu: riding the wave of popularity
Shiba Inu (SHIB) has established itself as a major player in the memecoin space. With its cute canine mascot and strong community support, Shiba Inu (SHIB) has gained a significant following. The coin’s ecosystem continues to grow, with projects like ShibaSwap adding to its utility and appeal. Investors are optimistic about Shiba Inu’s future, expecting it to ride the wave of popularity that has kept it in the spotlight.
Ecosystem expansion
THE Shiba Inu (SHIB) The Shiba Inu (SHIB) ecosystem is constantly expanding, offering new features and utilities that enhance its value proposition. Projects like ShibaSwap provide users with opportunities to stake and earn rewards, making Shiba Inu (SHIB) more than just a meme currency. This expansion helps solidify its market position and attract a wider audience.
Balancing humor and professionalism
Mpeppe (MPEPE) offers a unique and light-hearted approach to the serious world of digital assets, balancing humor and professionalism. Inspired by internet memes and the dynamic energy of football fans, Mpeppe (MPEPE) is quickly gaining traction in the crypto community.
Mpeppe (MPEPE) offers an opportunity to reach a younger demographic and tap into the viral nature of internet culture. By balancing humor and professionalism, Mpeppe (MPEPE) appeals to a wide audience, from casual meme enthusiasts to serious investors. This strategy is similar to the one that made Shiba Inu (SHIB) so successful, but with a modern twist.
Expanding Reach and Adoption
Mpeppe’s (MPEPE) ability to leverage internet culture means it has the potential to rapidly expand its reach and adoption. The memecoin’s branding and community-driven approach make it accessible and appealing, much like Shiba Inu (SHIB) in its early days.
Why August is the month to invest
As the cryptocurrency market experiences a surge in interest, August presents a great opportunity to invest in promising assets like Shiba Inu (SHIB) and Mpeppe (MPEPE) Both coins are well positioned to capitalize on the growing interest in memecoins, driven by their unique appeal and active communities.
Conclusion: Don’t miss the benefits
Shiba Inu (SHIB) and Mpeppe (MPEPE) are poised for a profitable August, leveraging their viral potential and strong community support to attract a diverse audience. With the cryptocurrency market in full swing, now is the perfect time to consider investing in these promising memecoins. Just as Shiba Inu (SHIB) captivated the crypto world with its unique appeal, Mpeppe (MPEPE) is poised to make its mark. Don’t miss out on the potential gains these innovative digital assets have to offer.
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Memecoins
Solana down 8% as its coins Dogwifhat, Billy and Neiro fall further
Solana, the fifth-largest crypto asset by market cap, has fallen 8% in the past 24 hours, according to CoinGeckolike his Meme Coin Market Prices of some coins, which can be notoriously volatile, have fallen by as much as 43% in the past day.
As the cryptocurrency market bleeds with Bitcoin (Bitcoin) down 2.7% and Ethereum (ETH) 4.2%, Solana (GROUND) was the hardest hit among the top 10 cryptocurrencies, falling 8.2% to $168 on the day, according to data from CoinGecko. Along with this, meme coin Solana suffered huge losses.
The biggest loser in the last 24 hours is the bigger of the two Black (NEIRO) on Solana which fell nearly 44% to $0.01821. These tokens were launched after the owner of Kabosuthe Shiba Inu that inspired the Doge meme, announced that she had adopted a new dog named Neiro. Interestingly, her rival on the network launched an hour beforealso called Black (NEIRO), is up 75.2%. It appears that the Solana Neiro Civil War is far from being decided.
Other big losers include: Pump.fun’s Favorites Billy (BOWL), down 26.4%, and Michi (MICHI), which fell 24.5%. Over the past 24 hours, both tokens have flipped their market caps multiple times, but dog token Billy is currently in the lead with $94 million, about $3 million ahead of Michi.
Dog with hat (Wireless), the largest meme coin on Solana, was also hit, dropping 12.4%. Bonk (BONK), the second-largest Solana meme coin, fell 9.1%. In fact, among the top 50 Solana meme coins by market cap, only four tokens are in the green, with Zoomer (ZOOM IN) leading the pack with 41.1%.
Meme coins are notoriously high-risk assets and tend to post disproportionate losses when the broader market experiences a downturn.
Brain (BRAIN), Michi (MICHI), Mini (MINI), Shark cat (SC), and many others, for example, have suffered greater losses in the last 24 hours than any of the top 100 cryptocurrencies by market capitalization.
In the world of meme coins, when it rains, it rains.
Edited by Stacy Elliott.
Memecoins
Trader Says Bitcoin’s Path to $100,000 Is ‘Currently Programmed’, Updates Outlook on Memecoin That’s Up Over 18,000% YTD
A widely followed analyst and trader expresses bullish sentiment on Bitcoin (Bitcoin) while offering his take on the memecoin built on Solana (GROUND) blockchain ecosystem.
Starting with Bitcoin, the analyst known by the pseudonym Altcoin Sherpa tell His 219,000 followers on social media platform X say Bitcoin is on the verge of hitting a six-figure price.
“There will be bumps along the way, but Bitcoin’s path to $100,000 is on schedule. Don’t get rattled or lost along the way.”
Source: Altcoin Sherpa/X
At the time of writing, Bitcoin is trading at $66,236.
According to For the widely followed trader, Bitcoin enjoys strong support between $63,800 and $65,000, where the 25, 55, 89 and 200 exponential moving averages (EMAs) on the daily chart have clustered.
Source: Altcoin Sherpa/X
Next up is the Solana-based memecoin Popcat (POPCAT). The pseudonymous trader and analyst said that among the cat memecoin family, POPCAT is one of the “best” in the long run.
Altcoin Sherpa, however, says POPCAT looks bearish on the short-term four-hour time frame and needs to climb above a range low between $0.694 and $0.724 to avoid falling further.
Source: Altcoin Sherpa/X
POPCAT was trading at $0.00379 on January 5th and is now at $0.704, a gain of approximately 18,475%.
Altcoin Sherpa also offers his take on dogwifhat (Wireless), Solana-based Memecoin. According to For the pseudonymous analyst, WIF “still looks pretty good for now” on the four-hour chart with the “best” support area sitting around $2.10.
“The average would probably be $2.30 to $2.10 if I were you and I was swing trading this one.”
Source: Altcoin Sherpa/X
WIF is trading at $2.27 at the time of writing.
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