The Official Trump token fell from $48 to $42 after the US president seemed unfamiliar with his own memecoin.
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Copycat tokens claiming to be the official TRUMP and MELANIA coins recorded $4.8 million in purchases in 24 hours from 12,641 wallets.
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Some Coinbase users report Solana transfers taking hours to clear on the crypto exchange.
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Money printing and poor fiscal policy have reduced the dollar’s value since 1913, prompting countries to explore alternative assets.
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The Donald and Melania Trump-backed memecoins that launched over the weekend have amassed a combined value of over $15 billion.
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Rumors have surfaced about potential crypto tax reforms as Donald Trump’s official memecoin, TRUMP, hits $71 billion in fully diluted value and rises to the 15th-largest crypto in the world.
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Only time will tell if Donald Trump’s memecoin was a good move in his plan to push crypto during his upcoming US presidential term.
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US President-elect Donald Trump’s Solana-based memecoin, TRUMP, sparks a trading frenzy fueled by high-profile trades and notable whale activity.
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Analysts say Dogecoin has a 60% chance of hitting $1 before Jan. 31.
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Boerse Stuttgart Digital Custody became Germany’s first fully licensed crypto asset service provider under the EU’s MiCA framework, just two weeks after it came into full effect.
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