Memecoins are underperforming the crypto market today, which could indicate that traders will pay more attention to BTC and ETH.
SOL price weakness can explained by Solana Network's activity and lack of appetite from derivatives traders.
The memecoin whale made an over 1,428% return on his initial investment in the Trump token.
Crypto market analysts suggest the altcoin stumble may be tied to a recent spate of spot Bitcoin ETF outflow.
Trump hasn’t confirmed or denied ties to the DJT token but a blockchain analytics firm and industry leaders raised doubt that it was launched by Trump’s team.
Bitcoin is facing intense selling pressure, but charts suggest strong support at $64,500 and again at $60,000.
UwU Lend exploited twice and the “10% CRV burn” story invented by a scammer, TAO holder phished for $11M, Lykke hack cover-up: Crypto-Sec.
Despite Bitcoin’s sell-off to $65,000, ETH continues to show strength, and bulls appear to be strengthening at the $3,500 level.
ZK Nation said its Sybil filtering approach was to ensure as many users as possible would get an allocation, but that would inevitably let through some Sybils.
MRGN Research’s Ben Coverston says the Solana-based MEV bot has made an active effort to date to keep a low profile.