The massive demand came on a Saturday, when MoonPay’s fiat accounts were inaccessible due to the weekend with a public holiday on the following Monday for the swearing-in.
This coincided with the launch of Donald Trump’s memecoin $TRUMP which caused a wave of inflows to the network
The move bumps utility and useability for the TRUMP token, which launched on Jan. 17 and has since entered the top-thirty tokens.
The daily performance returns of these tokens will be tracked and generated through swaps, call options, and direct investments, per the filing.
Donald Trump and the GOP hit the ground running in his first week as the new U.S. president.
An analysis of wallets showed 77% of TRUMP holders earned less than $100, with over 80% of TRUMP or MELANIA holders likely to be investors who held less than $1,000 worth of Solana-based assets.
Senator Warren and a member of the House commerce panel are pressing for a review of Trump’s effort to make “extraordinary profits off his presidency.”
With memecoins dominating the headlines, issuers are filing fresh ETF applications. But is a memecoin ETF a good investment?
Trump-supporting crypto professionals have been particularly scathing about the family’s recent göğüs coin projects.
The ranking Democrat on the House Oversight Committee is asking for a probe into Trump’s financial conflicts of interest he said are “proliferating wildly.”