$TRUMP coin dominates crypto scene with explosive $14.5 billion debut

Category: Cryptocurrency

Donald Trump launched the $TRUMP meme coin on January 17, 2025, which quickly surged to a market cap of $14.5 billion. The coin's rapid rise has sparked controversy and skepticism regarding its concentrated ownership and potential political motives. Despite early profits for investors, concerns about market stability and credibility persist.

Keywords: Trump Meme Coin, $TRUMP, Cryptocurrency Controversy

Source: The Economic Times

Update At: 1/19/2025

Related Sources

What’s going on with Ethereum’s addresses? Taking a closer look

Ethereum's daily active addresses have decreased to around 395,000, following a peak of over 700,000 in June. This decline suggests a slowdown in network activity, with sellers dominating trading as more ETH is moved to exchanges, indicating a readiness to sell. The price of Ethereum has also declined by over 1.4%, marking a bearish trend.

AMBCrypto

Bitcoin Rout Worsens - Altcoins Collapse

Bitcoin's value has dropped below $60,000, hitting a low of $54,640 amid a market-wide sell-off influenced by global economic factors and disappointing U.S. job reports. Despite the downturn, Bitcoin whales remain optimistic, accumulating more Bitcoin. The market faces uncertainty with upcoming Federal Reserve interest rate adjustments and political developments surrounding the U.S. presidential election, which could impact cryptocurrency regulations.

Brave New Coin

XRP Lawsuit Update Today: Here's How the Ripple vs. SEC Lawsuit Ended and Its Impact on XRP Price

A federal judge ruled that XRP is not a security, marking a significant victory for Ripple and the XRP community. While some sales were deemed unregistered securities offerings, the court imposed a $125 million penalty on Ripple, much lower than the SEC's original demand. This ruling provides clarity in cryptocurrency regulation and could influence future digital asset classifications, although the SEC may appeal the decision.

Coinpedia

Ripple CEO Hails Court Ruling in Case Brought by SEC

Ripple Labs was ordered to pay a $125 million civil penalty by a federal judge in a case with the SEC regarding the sale of its XRP token to institutional investors. The SEC initially sought $2 billion, but the court significantly reduced this amount. Ripple's CEO called the ruling a victory for the company and the XRP community, emphasizing the need for regulatory clarity in the cryptocurrency industry. Following the ruling, XRP's value increased by 25%.

pymnts.com

XRP Price Rallies 25%: Can This Breakout Continue?

Crypto analyst Doctor Magic highlights three reasons for investors to consider purchasing XRP at this time.

newsbtc.com

XRP Jumps 17%, Beating Bitcoin Gains, as Ripple-SEC Case Ends

XRP's price surged 17% to 65 cents following a settlement where Ripple Labs agreed to pay $125 million in civil penalties to the SEC. The market reacted positively, with trading volumes increasing significantly. Despite the settlement, an appeal from the SEC is anticipated, which may prolong legal proceedings. Other cryptocurrencies showed mixed performance, with Toncoin gaining nearly 6% after being listed on Binance.

Coindesk

XRP Rallies 20% After SEC-Ripple Case Nears End With $125 Million Settlement

XRP's price surged 20% following a favorable ruling in the SEC lawsuit against Ripple Labs, which resulted in a $125 million penalty instead of the proposed $2 billion. This decision was seen as a victory for Ripple and the crypto community, leading to a significant increase in trading volume.

Unchained Podcast

Still Trust Experts Promising XRP to $1000? Here Is Why This Will Never Happen and Top Crypto Picks to Make Real Money

XRP is unlikely to reach $1000, with experts highlighting alternative cryptocurrencies like CYBRO, ONDO, TRAC, JASMY, and FET that show real growth potential. CYBRO, in particular, is gaining traction with a presale exceeding $1.6 million and offers significant ROI opportunities. Other coins are also positioned for potential gains despite recent market downturns.

Brave New Coin

XRP flipped USDT and Solana after price surged by 27%

XRP has surged 27.72% in price over the past week, reaching $2.3 and a market cap of $136 billion, making it the third largest cryptocurrency. The increase is attributed to Ripple's business expansion and market optimism, despite ongoing disputes with the SEC. Recent proposals for XRP ETFs have also contributed to market enthusiasm.

crypto.news

XRP Flips Solana, Topping $2 for First Time Since 2018 as Ethereum Price Hits 6-Month High

XRP surged above $2.00 for the first time in nearly seven years, reaching $2.16 and surpassing Solana in market cap, now at $134 billion. The increase is attributed to optimism regarding its regulatory future following the election of Donald Trump. Ethereum also saw gains, hitting a six-month high of $3,741.

Decrypt