SoSo Daily Jan 19 | Wintermute has previously collaborated to provide market-making services for the TRUMP token.
Let's turn our attention to today's overall Crypto market situation.
As of 11:59 PM on January 18, 2025, according to sosovalue, the total market cap of the crypto market stands at 3.78 trillion US dollars, witnessing a decrease of 2.39% compared to yesterday; the total trading volume is 226.46 billion US dollars, marking an increase of 8.47% from the previous day.
Cryptocurrency Market Update
According to sosovalue, the price of $BTC is 104,530 USD, an increase of 0.359% from yesterday. The market cap of $BTC is 2.07 trillion USD, accounting for 54.8% of the total market cap; $BTC's 24-hour trading volume is 49.40 billion USD, making up 21.8% of the total trading volume.
The price of $ETH is 3,310.1 USD, down 4.72% from yesterday; the market cap of $ETH is 398.87 billion USD, representing 10.5% of the total market cap; $ETH's 24-hour trading volume is 31.71 billion USD, comprising 14% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 65.3% of the total cryptocurrency market cap, and their combined trading volumes constitute 35.8% of the total trading volume.
After reviewing the overall crypto market situation, let's shift our focus to the top 5 token gainers of the day:
As of 12:00 Hong Kong time, according to sosovalue, the top five gainers are:
Top 1 gainer is OFFICIAL TRUMP. As of 23:50 today, its market cap is 5.79B, with a coin price of 28.948 USD, witnessing a 24-hour increase of 8390%.
The second is Milady Cult Coin. As of 23:50 today, its coin price is 0.0041961 USD, with a 24-hour increase of 126%.
The third is Jeo Boden. As of 23:50 today, its coin price is 0.0071000 USD, showing a 24-hour increase of 122%.
In fourth place is Jupiter. As of 23:50 today, its coin price is 1.1534 USD, with a 24-hour rise of 37.2%.
In fifth place is AI Rig Complex. As of 23:50 today, its coin price is 0.51500 USD, increasing by 33.5% over the last 24 hours.
Crypto Market Sector Performance
According to sosovalue, out of 16 sectors, 2 are up and 14 are down. Notably, the DePIN, NFT, and GameFi sectors are worth mentioning.
DePIN Sector
The DePIN sector has fallen by 6.82% relative to the UTC 0 time, led by declines in SHDW (-21.4%), DBC (-18.6%), and ATOR (-18.1%).
NFT Sector
The NFT sector has decreased by 7.67% relative to UTC 0, with COVAL (-20.8%), PBX (-16.8%), and OPUL (-15%) leading the drop.
GameFi Sector
The GameFi sector has fallen by 7.81%, with MAX (-22.4%), CROS (-22.4%), and ULTI (-21.7%) leading the decline.
Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:
According to data from appfigures, the cryptocurrency trading platform Moonshot ranks first in the free finance app category in the US Apple App Store, surpassing Cash APP, Coinbase, Cryptocom, and others. Earlier, Jupiter stated that it collaborated with Moonshot to promote the issuance and trading of the TRUMP token.
Next news:
According to Wu, the well-known market maker Wintermute has announced that the TRUMP token is now available for trading on the Wintermute OTC trading platform. Earlier on-chain analysis indicated that the largest holding address for TRUMP appears to be Wintermute, suggesting that Wintermute may have previously collaborated to provide market-making services for the TRUMP token.
Next news:
According to Wu Shuo, Ethereum founder Vitalik Buterin posted on X, sharing the progress of leadership adjustments at the Ethereum Foundation (EF), stating that this process has been underway for nearly a year. The goals of the EF include: enhancing the technical capabilities of the leadership, improving bidirectional communication with various parties in the ecosystem (including users, application developers, wallets, and Layer 2 solutions), strengthening execution and speed, attracting new talent, actively supporting application developers, and ensuring that core values such as privacy, open-source, and anti-censorship are implemented at the application layer. Vitalik also emphasized that the EF will not pursue a shift in ideology, will not excessively lobby regulatory bodies or politicians, and will never turn itself into an arena for interest groups.
Next news:
Odaily Planet Daily News OKX market shows that SOL has broken through 240 USDT, currently reported at 240.01 USDT, with a 24H increase of 11.13%. (This news report was generated with AI assistance)
Next news:Wu learned that Eric Trump, the eldest son of Donald Trump, posted on the X platform, quoting the statements of crypto czar David Sacks: "The reign of terror against cryptocurrency is over, and the beginning of American cryptocurrency innovation has just begun." He also mentioned $BTC, the Trump family project World Liberty Financial, and TRUMP.
Next news:
According to reports from Wu, as per Conor's tweet, the Trump team has sold approximately 500 million USD worth of tokens, while still controlling 85% of the token supply. All circulating tokens seem to be sold on the market or provided as unilateral liquidity; the so-called "public distribution" and "liquidity" are essentially methods of selling tokens to the market. Meanwhile, most of the USDC has been obtained through liquidity provision on Meteora, and the team has also sent TRUMP tokens to the Bybit platform.
Next news:
According to Foresight News, Huobi HTX held an X Space open mic themed "Trump Meme Hot Value Interpretation." Huobi HTX Global Advisor Justin Sun participated in the event and provided a detailed interpretation of the official meme coin TRUMP issued today by the incoming U.S. President Donald Trump. Justin Sun stated, "Trump's issuance of a coin signifies that cryptocurrency regulation, especially in the U.S., will become more favorable. Subsequent law enforcement actions against the crypto sector will be difficult to carry out, and the U.S. may very well consider Bitcoin as a strategic reserve asset. Furthermore, this event will intensify competition within the crypto industry, and it's not unlikely that in the future, companies like Facebook and Apple will start their own exchanges, leading to increasing competitive pressure."
Next news:
According to Foresight News, monitored by Lookonchain, a certain whale spent 8.50 million USDC to purchase 1.03 million TRUMP at an average price of 8.28 USDT.
According to Foresight News, monitored by Lookonchain, a certain whale spent 8.50 million USDC to purchase 1.03 million TRUMP at an average price of 8.28 USDT.
Next news:The Solana-based meme coin TRUMP, associated with the elected President Donald Trump, has sparked a trading frenzy, driven by high-profile trades and notable whale activities.
Next news:
According to Wu, Binance will launch the TRUMPUSDT perpetual contract on January 18, 2025, at 21:00 (UTC+8), with a maximum leverage of 25x.
Okay that's all for today. Thank you for tuning in, and we hope you found it helpful. Visit sosovalue.com, our one-stop financial research platform for crypto investors, to stay abreast of the latest market trends and key information. Until next time, goodbye.