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TL:DR;

Within just over a day after its launch, the Trump-backed and endorsed meme coin has already created numerous success stories of investors getting in at the right time and (some) getting out.

Nevertheless, meme coins remain highly volatile and risky assets, and investors should be wary before allocating funds to them.

 

The president-elect shook the entire crypto market on Friday night when he announced the launch of the OFFICIAL TRUMP (TRUMP) meme coin and invited his millions of followers and supporters to join his community.

Despite the controversial launch and fears about a potential hack or a scam, the token became an overnight sensation. Its price is now worth $40, while its market capitalization has soared past $8 billion, making it the third-largest meme coin, sitting behind only DOGE and SHIB.

With this remarkable rise in value within mere hours, the number of success stories for traders who got in early (possibly insiders) and have already sold some portions to capture massive profits has gone through the roof.

Turned $1.1M into $70M in just 4 hours—incredible!

This trader has sold 1.35M $TRUMP for $3.65M, and still holds 4.62M $TRUMP($67.5M), bringing his total profit to over $70M!https://t.co/m1k6zmKgLA pic.twitter.com/U3IeU23PER

— Lookonchain (@lookonchain) January 18, 2025

After the initial buying spree, more information emerged later from Lookonchain about deposits to large exchanges, such as OKX, where the same traders most likely capitalized on the price rally by selling off their tokens.

Whale “Fpj236…uVJr” deposited all 1.27M $TRUMP ($43.9M) into #OKX an hour ago, with a profit of $29.6M!https://t.co/RN5fXx11CW pic.twitter.com/4HyHZSHgou

— Lookonchain (@lookonchain) January 19, 2025

One of the more famous traders, which Lookonchain called ‘legendary,’ made $6.8 million on the TRUMP token within a day after securing a $12.5 million profit from BOME last year.

OFFICIAL TRUMP’s launch was a highly successful and impressive story. However, not all meme coins have the same spectacular path. There are thousands of such tokens released on a daily basis, and most turn into quick rug pulls, leaving investors with empty hands. As such, traders should be wary when dealing with meme coins, even if they are launched by the upcoming US president.

The post Overnight Millionaires: OFFICIAL TRUMP Success Stories 24 Hours After Launch appeared first on CryptoPotato.

$XRP
{spot}(XRPUSDT)
AI Predicts XRP Price for February 2025

XRP has experienced a remarkable surge in performance since November 2024, culminating in a robust bull run that has driven it to new all-time highs (ATH) in January 2025. The cryptocurrency has reached a market capitalization near $190 billion and a trading price of $3.40 as of January 17, marking a 451.65% increase over the past six months. This performance follows years of stagnation around the $0.50 mark.

AI Forecast for XRP Price in February 2025

Leveraging a combination of advanced AI models, including ChatGPT-4o, ChatGPT-4o Mini, Claude 3 Opus, Claude 3.5 Sonnet, and Grok 2 Vision, Finbold analyzed trading signals to determine whether XRP’s rally will continue or correct by February 1, 2025.

ChatGPT-4o Mini: The most bearish model predicted a significant correction, projecting XRP to drop 34.25% to $2.15 by early February.

Grok 2 Vision: Also projected a bearish outlook, forecasting a 22.02% decline, placing XRP at $2.55.

ChatGPT-4o: Offered a neutral-to-bullish perspective, predicting a modest 7.03% rally to $3.50.

Claude 3 Opus: Slightly more conservative, estimated a 5.5% increase to $3.45.

Claude 3.5 Sonnet: The most optimistic, projected a 25.99% rise, targeting $4.12.

Consensus and Analysis

On average, incorporating indicators such as the relative strength index (RSI) and the simple moving average (SMA), the AI models forecast a slight 4.55% decline, predicting XRP to trade around $3.15 by February 1.

The cautious outlook across the AI models reflects XRP's substantial recent gains, which increase the likelihood of a market correction. However, divergent predictions highlight varying expectations regarding the sustainability of XRP's bull run and its ability to overcome key resistance levels in the near term.
#TRUMPOnBinanceFutures #TRUMPCoinMarketCap

Why is $SOL Pumping? Here's the Full Explanation You Need to Know .. #TRUMP Launched #memecoin🚀🚀🚀 on Solana Chain

In a previous update, I discussed the reasons behind the recent surge in Solana’s price. However, it seems not everyone fully understood the factors driving this trend. Let me simplify it further for better clarity.

The rise in $SOL's value is closely linked to the launch of Trump’s official memecoin, which is built on the Solana blockchain. This connection has created a chain reaction in the market. To purchase the Trump token, traders are required to own Solana first. This has led to a surge in demand for $SOL, as it serves as the essential gateway to access Trump’s memecoin.

In simpler terms, before anyone can buy Trump’s token, they need to hold Solana in their wallets. This dependency has caused a large number of traders to buy $SOL in preparation for acquiring the Trump token. The increased demand for Solana is the key reason for its price spike—it’s not random market behavior. Instead, this movement is a direct result of how Solana is being used as a foundation for transactions tied to the #TrumpMemecoin .

Understanding this relationship between Solana and Trump’s token is crucial for anyone looking to take advantage of this market opportunity. The rising price of $SOL is a strategic outcome of its role in facilitating these transactions, and recognizing this pattern can help traders make informed decisions during this price surge.
#solana #TRUMPOnBinanceFutures