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The official memecoin of the 47th United States president will be listed on most major crypto exchanges, even though the fan token faced trouble getting listed.
Trader demand for Solana’s SOL rose as Donald Trump’s so-termed official token was issued on the network.
Prices ran from few cents to $14 in less than six hours amid widespread confusion on whether the token was actually backed by Trump or was a possible hack of Trump’s verified social account
At the moment, Canary Capital appears best-positioned to be the initial issuer of the new vehicle.
There is a danger that forced or panic selling could lead to further bitcoin weakness and a break below $90K could lead to a 10% retracement, the report said.
The selloff in stocks and cryptocurrencies could mean Donald Trump’s inauguration will less likely be a sell the news event, K33 Research said.
Gary Gensler has described crypto as the Wild West and one observer said markets are likely to see just that under new leadership in D.C.
Options linked to BlackRock’s spot bitcoin ETF (IBIT) began trading on Nov. 19 and have since grown to half the size of Deribit’s BTC options market.
Capital Group is also the second-largest shareholder in MicroStrategy, trailing only Michael Saylor.
The difference in outlook between traders and high net-worth individuals has never been greater, according to David Siemer, CEO of Wave Digital Assets.