On February 3, the decline in the entire cryptocurrency market has sent the Trump-issued token "TRUMP" further down in the past 24 hours, falling by a staggering 75% from its peak. Trump issued the token a few days before his swearing-in ceremony on January 20, making it the first "meme coin" to be officially endorsed by a sitting US president. An analysis by CoinDesk showed that the token's market capitalization soared from zero to a peak of $14 billion in less than 48 hours after it went live,...
Arkham wrote on X that the Ethereum Foundation sold ETH at highs in May and November 2021. But in 2020, the foundation sold 100,000 ETH, after which ETH rose 6-fold. Yesterday it sent Kraken 35,000 ETH worth $95 million.