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Trump NFTs Card Surges 400% Amid Memecoin Launch

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  • Donald Trump’s NFT collection surged 400%, with floor prices hitting $1,000 on January 20.
  • The TRUMP memecoin debuted on January 18, quickly reaching a $6.9 billion market cap.
  • TRUMP memecoin reached a $5 billion market cap, generating nearly $13 billion in trading volume.

The launch of the TRUMP memecoin on January 18 took the crypto community by surprise, just days before President-elect Donald Trump’s inauguration. While the memecoin garnered headlines, the Donald Trump NFTs collection also saw a 400% surge on Saturday. The unexpected move left stakeholders wondering about the regulatory shift and the lack of prior communication within Trump’s circle. The token debuted hours before the inaugural crypto ball, hosted by Trump’s White House Czar, David Sacks.

Trump NFTs Spark 13x Gains in January Rally

Alongside the memecoin’s release, the Donald Trump NFTs collection saw a remarkable 400% surge in floor price on January 20. The unexpected rally brought the price of the NFTs to as high as $1,000. Initially sold for around $99 each, the cards quickly became one of the best-performing NFT projects in recent months, with some holders seeing gains of up to 13x their initial investment.

Trump NFT trading volume
Trump NFTs Card Surges 400% Amid Memecoin Launch 2

Speculation was rife that holders of the Trump NFTs might receive allocations of the newly launched memecoin, which contributed to the surge in the collection’s floor price. However, reports later confirmed that NFTs holders would not have automatic airdrops as initially speculated.

The release of the TRUMP meme coin also caused a significant spike in Solana’s native SOL token, which surged to an all-time high of $270. The TRUMP meme coin’s debut was seen as a bold move by Trump to engage directly with the crypto community. While some enthusiasts celebrated this unexpected turn of events, others remained skeptical about the long-term effects of such involvement.

RUMP Memecoin Reaches $6.9 Billion Market Cap

As the TRUMP memecoin gains momentum, attention has shifted to its issuers, CIC Digital LLC and Fighter Fight LLC, which collectively control 80% of the token’s total supply. However, these tokens are subject to a 3-year unlocking plan, helping alleviate concerns about a sudden market dump. Despite this, rumors suggest that as much as $500 million worth of the memecoin has already been sold.

The meme coin’s impressive performance continued as it quickly reached a $6.9 billion market cap, and major exchanges like Bybit, Bitget, and KuCoin began listing the token. With 200 million tokens in circulation and a total supply capped at 1 billion, the TRUMP memecoin is poised to remain a hot topic in the crypto world.

The launch of the TRUMP memecoin coincided with the high-profile “Crypto Ball,” an event honoring Trump, attended by key figures such as Michael Saylor, Coinbase CEO Brian Armstrong, and David Sacks, Trump’s crypto advisor. Held just blocks from the White House in Washington, D.C., the sold-out event underscored the growing influence of crypto in political circles.

Despite the crowded memecoin market, the TRUMP token continued to soar, reaching a $5 billion market cap and generating nearly $13 billion in trading volume. The excitement surrounding the launch and the token’s early success indicates it could become a significant player in the memecoin space.

Read More: Unstoppable Memecoin Surge: Solana Trading Bots Earn $750M in 2024

Ripple Gears Up for the Next Chapter as Gensler Leaves SEC

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  • Gensler’s departure signals a shift in Ripple’s legal battle with the SEC, leading to a price surge in XRP.
  • Analysts predict XRP ETFs could attract $3-$8 billion in inflows, boosting market adoption.
  • The crypto community anticipates a change in SEC’s stance, fueling hopes for Ripple’s success.

Gary Gensler officially concluded his tenure as Chairman of the U.S. Securities and Exchange Commission (SEC) on Friday, marking a significant turning point in the ongoing legal saga between the SEC and Ripple. In the wake of his exit, Stuart Alderoty, Ripple’s Chief Legal Officer, went to social media with a bold statement: with immediate effect from Saturday, the name Gensler did not hold relevance in discussions about the future of the SEC.

In a post on X (formerly Twitter), Alderoty sarcastically said, “Gary who?”-a sign of Ripple’s growing confidence in its battle against the SEC, which has been ongoing since 2020. Ripple and the SEC have clashed over allegations that Ripple’s cryptocurrency, XRP, was sold as an unregistered security- an accusation that token has always denied.

While Ripple celebrated a partial victory in 2023 when a judge ruled that the sales of XRP to retail investors did not violate securities laws, the battle is far from over. The SEC promptly appealed the decision, continuing legal uncertainty over Ripple and the greater crypto industry.

This tension was further heightened the moment the SEC filed an appeal against the district court’s decision on grounds that all XRP transactions, including those with retail investors, fall under investment contracts according to the Howey Test-a critical framework used in determining what an investment constitutes.

Ripple’s Surge and $2.7 Billion Return as Gensler Departs SEC

Gary Gensler’s legacy as SEC Chairman has been marked by a staunch, aggressive stance on regulating the cryptocurrency industry. Throughout his tenure, Gensler spearheaded over 80 lawsuits against major crypto firms, including Ripple, Coinbase, and Uniswap. Despite the controversies surrounding his approach, Gensler defended his actions, claiming that crypto enforcement represented only a small portion of the SEC’s overall activities.

The former US SEC chair shared a video on X. Gensler reflected on his four years in office, highlighting his accomplishments in modernizing financial markets and returning over $2.7 billion to harmed investors. But for Ripple and many within the crypto community, Gensler’s departure signals a shift in the regulatory landscape. On the heels of his exit, XRP has seen a surge in price, climbing to $3.27 as traders and Ripple supporters celebrated his last day.

The rally has also been fueled by a bullish technical chart formation: a bullish pennant pattern on XRP’s weekly price chart, often associated with strong upward momentum. Some analysts have even set short-term price targets as high as $10, buoyed by optimism surrounding Ripple’s potential to overcome the SEC’s continued challenge.

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That market sentiment has been further bolstered by speculation that reduced regulatory pressure could appear with new leadership at the SEC in a possible Trump administration. Investors are anxiously awaiting any change in regulatory tone that might affect the legal fight by Ripple and unlock further growth for XRP. Recent technical analysis flashes targets of $5, $10, $15, and even $20 for XRP amid a combination of bullish price action, rising open interest, and whale accumulation in over-the-counter markets.

XRP’s Future with $8 Billion ETF Inflows

As a sign of increased optimism for XRP’s future, analysts at JPMorgan recently discussed the potential of creating an XRP Exchange-Traded Fund (ETF). According to their forecast, between $3 billion and $8 billion in inflows might come into an approved XRP ETF, echoing the early success of Bitcoin and Ethereum ETFs. As the crypto industry moves into a new era post-Gensler, digital assets such as XRP may see liquidity and market adoption because of the pending ETFs targeting XRP and Solana.

As dust settles after Gensler’s ouster, it’s all one can guess if this would finally allow the softening of the tough SEC stance on cryptocurrency and mark an impending victorious closure for Ripple against the regulator. The one sure thing is that the crypto space will be holding its breath while the tides are turning and giving way to a host of new possibilities that come to both Ripple and XRP.

At the time of this writing, the price of the Ripple token is $3.13 USD with a 24-hour trading volume of $13,946,836,987 USD. XRP is down 5.98% in the last 24 hours.

XRP 1D graph coinmarketcap 8

Related | XRP Price Surge Amid Trump Inauguration Buzz and ETF Approval Hopes

Dogecoin Price Targets $1 With Momentum Building for 140 % Rally

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  • Dogecoin (DOGE) saw a 10% jump on January 17, reaching $0.42, signaling potential trend reversal if it stays above the $0.40 mark.
  • $200 million worth of DOGE was purchased by whales in just 48 hours, reflecting growing investor confidence.
  • Analysts predict DOGE could hit $1, citing a bullish pennant breakout and strong market sentiment.

Dogecoin (DOGE), the original memecoin, is drawing attention with its surging price up 10% on January 17 at $0.42 on the one-day chart. The bullish momentum places traders on guard for a potential reversal of the current trend when it closes above the pivotal $0.40 barrier. This comes after its consolidation between $0.30 and $0.45 since November 2024; hence, the latest development suggests renewed optimism among participants.

DOGE 1D graph coinmarketcap 1

According to prominent crypto trader Daan Crypto, DOGE’s recent price action is based on two clear accumulation phases between $0.30-$0.33. At the beginning of 2025, we saw a swing failure pattern (SFP) for the memecoin, which briefly pushed the price below $0.40. A fast recovery above $0.35 has strengthened the bullish bias.

This second flush was stronger than most other coins,” Daan Crypto noted, referring to the resilience DOGE had shown compared to Bitcoin and Ethereum, which were creating new lows in the same period. DOGE had formed a high low and reclaimed its local range – a sign of strong investor confidence.

Whales Bet $200M on Dogecoin Breakout  

The broader crypto market is gaining traction as traders anticipate heightened volatility ahead of U.S. President-elect Donald Trump’s inauguration. Notably, Dogecoin has emerged as a standout “dino” coin, a term coined to describe older assets that outperform newer tokens during market rallies. This status is supported by DOGE’s explosive 222% breakout in November 2024, reinforcing its potential as a market mover.

Santiment, a leading on-chain analytics platform, outlined that whales bought some $200 million worth of DOGE in the last 48 hours. This trend shows the growing confidence among whales and major investors, further heating speculation in the market. 

Crypto analysts and influencers predict that DOGE will rise to the psychologically important $1 mark. WSB Trader, a pseudonymous market commentator, claimed the memecoin is more than 60% likely to reach $1 before the end of January, saying: “Don’t fade Elon Musk, the richest man, and Donald Trump, the most powerful man.”  

Johnny, a prominent crypto investor with 785K followers, drew parallels between DOGE and XRP to point out how retail investors could drive the memecoin into a new breakout phase. “Once DOGE trends, it trends hard,” he said, emphasizing the growing buzz around the asset.

Dogecoin Resurgence Sparks $1 Predictions  

Adding to the bullish case, technical analyst Mikybull also pointed to the appearance of a bullish pennant breakout, which suggested that DOGE’s price would soon surge toward $1. What’s more, the forecast by the analyst comes in tandem with thought overwriting the trending sentiment that DOGE will regain its position among the best-performing cryptocurrencies.

As the crypto market gains momentum, the resurgence of Dogecoin underlines its enduring appeal to retail and institutional investors alike. With strong accumulation, whale activity, and a favorable technical setup, DOGE seems poised for another rally.

Whether the memecoin can continue upward to reach its $1 target is yet to be seen. Market participants are closely watching key support levels, hoping that Dogecoin’s latest rally marks the beginning of a new chapter in its storied history.

Related |  Shiba Inu Bulls Predict Massive 10X Rally to $0.00023 – Here’s the Timeline  

SEC Slaps DCG with $38 Million Fine for Investor Deception

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  • The SEC fined Digital Currency Group $38 million for misleading investors about Genesis Global Capital’s financial stability.
  • DCG and GGC artificially inflated GGC’s balance sheet with a $1.1 billion promissory note.
  • Genesis filed for bankruptcy in January 2023 with $10 billion in liabilities and over 100,000 creditors.

The United States Securities and Exchange Commission (SEC) has fined Digital Currency Group (DCG) $38 million for allegedly misleading investors about Genesis Global Capital’s (GGC) financial health. The SEC found DCG concealed GGC’s losses, offering investors a deceptive sense of security. The penalty also includes a cease-and-desist order.

On January 17, the SEC issued a cease-and-desist order to DCG alongside the fine to deter future misconduct. The charges also implicated DCG’s former CEO, Michael Moro, for downplaying the financial fallout from the collapse of Three Arrows Capital (3AC), a major borrower, in mid-2022.

3AC Collapse Sparks Crypto Liquidity Crisis

The SEC’s investigation uncovered that DCG and GGC colluded to create a $1.1 billion promissory note, artificially inflating GGC’s balance sheet. Investors remained unaware of this note in 2022, which violated federal regulations and further obscured DCG’s financial stability.

Three Arrows Capital’s downfall in 2022, caused by its heavy investments in the Terra Luna project, triggered a liquidity crisis. GGC had $2.4 billion in loans extended to 3AC, and its insolvency left GGC facing at least $1 billion in losses. DCG misrepresented these losses, misleading investors about its support for GGC.

“Digital Currency Group’s negligence created a materially false impression regarding GGC’s financial health,” the SEC filing stated. The domino effect of 3AC’s collapse was felt across the crypto industry, affecting Voyager Digital, BlockFi, and other firms with significant exposure.

FTX Collapse and DCG’s Financial Woes Impact Genesis

Former Genesis CEO Michael Moro settled the charges by agreeing to pay $500,000 in civil penalties. Genesis filed for bankruptcy in January 2023, disclosing $10 billion in liabilities and over 100,000 creditors, including Gemini and VanEck, who were owed a combined $3 billion.

Regulators have targeted DCG and its affiliates since 2023. New York’s Attorney General accused DCG, Genesis, and Gemini of defrauding 29,000 investors through Gemini’s Earn Program. Genesis settled with the SEC for $21 million in this lawsuit earlier.

Genesis’ financial troubles worsened after FTX’s collapse in 2022. DCG borrowed $500 million in 2022 but defaulted on $620 million by May 2023, forcing Genesis to sue for repayment. In November 2023, DCG agreed to repay the loans by April 2024, aiding Genesis’ bankruptcy resolution.

By February 2024, Genesis and Gemini reached a settlement to distribute $1.8 billion to Gemini Earn users, pending Court approval. By May 2024, Genesis distributed $2.18 billion worth of cryptocurrency to about 232,000 users, advancing its bankruptcy process.

Read More: Cardano Founder Charles Hoskinson Hails XRP Community Resilience Amid SEC Lawsuit Struggles