DWF Labs Partner: Trump is doing the best marketing for the crypto market

Top-performing xrp (XRP) and Ethereum’s ETH saw profit taking early Saturday as a Donald Trump-themed “official” memecoin attracted $3 billion in its first few hours after being issued on the Solana network, driving demand for SOL tokens.Price-action in bitcoin (BTC) and most majors, such as dogecoin (DOGE) and BNB Chain’s BNB, remained muted as the TRUMP token shifted sentiment for XRP and ETH. Traders perceived the Trump memecoin’s choice of issuing the token on Solana as bearish for Ethereum.An “official” memecoin linked to Trump was issued in early Asian hours Saturday from his verified X and Truth Social accounts. Prices ran from a few cents to $14 in less than six hours amid widespread confusion on whether the token was backed by Trump, as reported.Some fund managers consider the move to be bullish for memecoins: “The incoming President just gave everyone license to launch a memecoin - $SOL is getting the message, buckle up,” Placeholder VC partner Chris Burniske wrote on X.The incoming President just gave everyone license to launch a memecoin - $SOL is getting the message, buckle up. https://t.co/ZURQfsh8QIJanuary 18, 2025Elsewhere, XRP slumped as much as 5% to pare gains from a 40% gain over the past 7 days. Demand for XRP has surged since early November when Republican Trump won the U.S. presidential elections and promised to make the country a hotbed for local crypto businesses — improving sentiment for tokens linked to U.S. companies (XRP is closely related to New York-based Ripple Labs.)XRP broke the $3 mark for the first time since 2018 on Friday ahead of Trump’s inauguration on Jan. 20. The speculative move came on unconfirmed reports that Trump was open to an “America-first strategic reserve that would prioritize digital coins founded in the U.S., like Solana, USD Coin and Ripple.”Talks of any strategic reserve have so far only included plans for bitcoin holdings.Ripple CEO Brad Garlinghouse had at least one meeting with the President-elect in early January, bumping speculation that Ripple could potentially have a direct channel to influence the incoming administration, causing heightened interest in XRP.

According to BlockBeats, on January 18th, Jupiter officially announced that by working closely with the Meteora team, they ensured the perfect release of TRUMP, which is clearly one of the largest releases in crypto history. Thanks to the comprehensive efforts of the team, transactions and verifications proceeded smoothly, not only on Jupiter but also throughout the entire ecosystem that uses Jupiter APIs, including applications like Moonshot that are crucial for distribution. The release of TRUMP utilizes the same LFG technology stack as JUP, including DLMM pooling, ILM design, and tight Jupiter integration.

BTC has risen, with a trading volume of $86.8 billion in the past 24 hours and a circulating market value of $2.04 trillion, representing a 1.67% increase in market value. Data for reference only

According to the heat ranking, LTC's popularity and attention remain the same as yesterday, ranking second. The heat ranking is as follows: ① LTC （$126.66，-8.09%） ② XRP （$3.12，-4.00%） ③ MAGA （$1.56，-53.85%） ④ SOL （$238.90，10.77%） ⑤ DOGE （$0.4009，-3.47%） AICoin contract turnover ranking report: Bitget 24H contract turnover of $325.76 billion, ranking fourth globally

According to the official account of the Fanxian County Court, the Fanxian County Court in Henan Province concluded a case of covering up and concealing criminal gains for upstream crimes by buying and selling virtual currency. In order to quickly realize his dream of becoming rich, Tian learned about a "money making business" through Tiktok: download the app of U-MATOU, and help criminals to launder money by buying and selling virtual currency U on this platform, that is, Tian transferred cash into the account provided by the criminals to buy U coins, then the criminals transferred the victim's money to Tian, and Tian sold the currency to earn 11700 yuan of the middle difference, which is the illegal profit of helping criminals launder money. The court believes that Tian knowingly assisted in transferring the aforementioned funds despite knowing that they were the proceeds of cybercrime, which constitutes a cover up and concealment of the crime and should be punished according to law. Tian is an accomplice in cybercrime and has voluntarily surrendered. He pleaded guilty and voluntarily returned the illegal gains, and should be given a lighter punishment. According to Article 312, Article 27, Article 52, Article 53, Article 64, and Article 67 (1) of the Criminal Law of the People's Republic of China, the defendant Tian is sentenced to eight months' imprisonment and a fine of RMB 10000 for concealing and concealing the crime committed; The illegal gains of 10000 yuan returned by Tian will be confiscated and handed over to the national treasury by the collection authority. The case has now taken legal effect.