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What is the new Trump digital currency $SOL US President-elect Donald Trump launched a new digital currency bearing his name "Trump" ($TRUMP) via his social media platform "Truth Social", accompanied by the message: "The new official Trump meme is here! It's time to celebrate everything we stand for: winning!".
The currency was launched on the "Solana" network, and witnessed a huge increase in its value by more than 4200% within just two hours of its launch, raising its market value to $7.7 billion.
A trader bought about 6 million of the "Trump" currency worth $1.1 million, and its value doubled within 90 seconds to $23 million, achieving a net profit of more than $20 million.
This rapid rise sparked widespread controversy and concerns about the possibility of user accounts being exposed to electronic theft as a result of the great demand for the currency. According to reports, 200 million Trump Coins have been traded, with a market cap of $14.5 billion and a trading volume of over $1 billion.
It is worth noting that this is not the first time Trump has launched a coin bearing his name; in September 2024, he launched a silver coin of his design, made of pure silver, at a price of $100 per ounce.
It is worth noting that the launch of this digital currency comes two days before Trump is inaugurated as President of the United States, which may add a political and economic dimension to this event. #Trump2024 #BTC #Binance
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Subject: Warning: Sharp Decline in Cryptocurrency Market $BTC $XRP $BNB
We are currently witnessing a sharp decline in the cryptocurrency market, with many currencies recording a decline of between 5% and 10%. Bitcoin, the largest cryptocurrency by market capitalization, was significantly affected, as its price fell to $97,000.
This sudden decline is causing concern among investors and confirms the volatile nature of the cryptocurrency market. It is advisable to exercise caution and make informed investment decisions under these circumstances.
Tips for investors$ Be patient: Avoid making emotional decisions and stick to a long-term investment plan.
Diversification: Distribute investments across several cryptocurrencies to reduce risks.
Research thoroughly: Before making any decision, you should conduct thorough research on the cryptocurrency and the project associated with it.
Expert advice: Do not hesitate to consult a financial advisor who specializes in cryptocurrencies.
We advise you to follow the market developments closely and check the latest news and analysis.
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Bitcoin ETFs $BTC Spot in the US recorded inflows of nearly $1 billion on January 6, reflecting Bitcoin’s recovery to the $102,000 level.
According to data from #Sosovalue , inflows amounted to about $987 million (representing the second consecutive day of positive inflows), over those two days, ETFs recorded inflows of about $900 million per day, for a total of about $1.89 billion.
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Sharp increase in open interest volumes for XRP futures $XRP
Open interest in XRP futures saw a sharp increase on Monday, rising more than 40% from 1.09 billion XRP to 1.53 billion XRP. Open interest is defined as the total number of contracts outstanding in the derivatives market