Market Overview:

The market has experienced a significant downturn, with Trump family-related tokens draining liquidity from altcoins. The Solana SOL blockchain is heavily congested due to an influx of new users.


Market Highlights:


TRUMP Token Drops: The $TRUMP token suffered a sharp decline after the team sold $450 million worth of tokens to exchanges, creating a price gap of up to 30% between on-chain and exchange prices. Other Trump-related tokens, like those launched by $MELANIA Trump, have drawn attention and funds. Melania’s token has seen faster and more frequent releases, pushing its market cap to $13 billion, surpassing TRUMP's. The projected $250 valuation per #TRUMP token, equating it to the wealth of the world's richest individual, appears unrealistic.


SOL Gains Momentum: The SOL/BTC $BTC exchange rate has surged, with SOL being likened to Ethereum during the 2017 ICO boom. It has emerged as a key asset for on-chain meme trading. There is growing optimism about the approval of a SOL ETF, and speculation suggests $SOL and $XRP might even become part of U.S. strategic reserves.


FARTCOIN's Strong Performance: After recent adjustments, $FARTCOIN has demonstrated the most robust growth. Its humor-driven appeal has made it highly shareable among new users. The project’s team is showcasing a clear and ambitious vision.

#Altcoin Season# #CMC Yearbook#

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January 20, 2025 at 4:36 AM
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