Official Trump Coin (TRUMP) is forming a consolidation pattern below a key resistance level. A potential breakout from this setup hints at a revisit of $25. With US President Donald Trump’s ‘Crypto Dinner’ with $TRUMP Coin holders coming to an end, can this token break out and kickstart an explosive rally? TRUMP Coin Price Breakout Could Push it to $25 The one-day chart shows Trump Coin consolidating below $15.335, a level that has prevented an uptrend since its breakdown on February 24, 2025. Between March and May 2025, $TRUMP Coin has created two rounded bottoms, showing buyer strength. This recovery can be attributed to the spike in demand after Donald Trump announced the Crypto Dinner with the top $TRUMP token holders. A consolidated look of these two rounded bottoms reveals a Cup and Handle pattern. In the Official Trump Coin’s case, a decisive daily candlestick close above $15.335 coupled with… Read More at Coingape.com
A little-known meme coin called Kekius Maximus saw a dramatic price surge on Friday, gaining over 120% within hours. The sudden rally followed Elon Musk’s update to his X (formerly Twitter) profile.
Musk’s name change on X often follows up with these speculative pumps, but certain reg flags on KEKIUS are fueling notable concerns.
Kekius Maximus Keeps Pumping
Musk adopted the name “Kekius Maximus” on his X account and changed his avatar to an AI-generated image of himself in gladiator-style armor.
This led to renewed interest in the coin, which had largely gone unnoticed in recent months.
According to CoinGecko data, the digital asset spiked from obscurity to a four-month high of $0.06. This is far below its all-time peak of $0.4011, set during a similar Musk-induced meme moment in January.
Kekius Maximus Price Performance. Source: Coingecko
Meanwhile, the current spike pushed Kekius Maximus’ market cap to roughly $57 million, which is also well off its previous high of $181 million.
The token’s branding draws on the Pepe the Frog meme and the iconic Maximus character from the film Gladiator. This combination aligns with Musk’s rebrand and appeals to his meme-savvy audience.
Musk has not acknowledged the coin or suggested any direct involvement despite the token’s meteoric rise.
Still, his history of influencing crypto markets through subtle or playful social media gestures is well established. This is evidenced in his past endorsements of Dogecoin, which have trained investors to react quickly to any signal, even if indirect.
Even without a formal endorsement, a simple reference or image change can trigger a wave of FOMO-driven buying among investors.
Prior to this event, Kekius Maximus had shown little movement or trading volume. Musk’s rebrand appears to have injected new life into the project, albeit temporarily. History suggests that similar meme-driven pumps often retrace once the hype subsides.
Scam Kekius Maximus Token Concentration. Source: X/Nova
Meanwhile, malicious actors appear to be capitalizing on the project’s hype. Crypto analysts highlighted one Kekius-themed project whose team held 99% of the supply and looked to dump it on the community.
“$KEKIUS (CA 6m51rC2jRZkrtQkNNP4sXrSTE6Yq76F9huA8MYRtpump) is a blatant obvious scam, don’t buy this garbage…they have 99% of the supply,” the analyst wrote.
HBAR, the native token of Hedera, has been experiencing a steady uptrend recently, attracting the attention of investors. The price surge has contributed to increased trading activity, but for traders, especially those holding short positions, this could lead to significant liquidations.
While the altcoin is expected to continue its rise, the situation may become challenging for those who bet against it.
HBAR Traders Are In Danger
The Chaikin Money Flow (CMF) indicator shows strong inflows into HBAR, signaling that investor sentiment is bullish. The CMF has bounced above the zero line for the first time since December 2024, showing strong demand.
The inflows indicate that investors continue to pour money into the asset, bolstering the price movement. With the CMF turning positive, the likelihood of sustained growth for HBAR increases, as long as the broader market maintains its bullish tone.
The liquidation map for HBAR, which tracks short positions, indicates that traders betting against the asset could face significant losses if the price continues to rise. HBAR’s current price sits at $0.19, not far from the key resistance level of $0.22. If HBAR breaches this resistance, approximately $70 million worth of short positions could be liquidated, leading to further upward pressure. This scenario highlights the intense battle between bullish investors and bearish traders.
Short traders who bet against HBAR are now at risk, as the broader market sentiment pushes the altcoin higher. The increasing momentum fueled by the strong inflows will likely catch many short positions off guard, forcing them to liquidate. If this liquidation occurs, it could lead to a sharp rise in the price of HBAR, further solidifying its bullish outlook.
HBAR is currently trading at $0.194, just below the significant resistance level of $0.200. The altcoin has shown consistent growth over the past month, and with the current positive market sentiment, it is likely to continue rising. A successful break above $0.200 could confirm the bullish momentum and open the path for further gains.
Should HBAR manage to flip $0.200 into support, a rise to $0.220 would likely follow, triggering the $70 million in short liquidations. This would create additional upward pressure, accelerating HBAR’s price move and potentially pushing it higher in the short term.
However, if HBAR fails to maintain its upward trajectory and falls below the uptrend line, the price could slip under the $0.182 support level. Such a decline would likely bring HBAR to around $0.167, invalidating the current bullish outlook. Therefore, traders should closely monitor these key levels to determine the next steps for HBAR’s price action.
Welcome to the US Crypto News Morning Briefing—your essential rundown of the most important developments in crypto for the day ahead.
Grab a coffee for an intriguing dive into what experts say about growing stablecoin adoption. With dollar-pegged digital assets demonstrating significant growth, the threat is real, enough for the US Treasury to take notice.
Crypto News of the Day: Stablecoin Market To Reach $2 Trillion by 2028, US Treasury Projects
In its Q1 2025 report, the US Treasury Borrowing Advisory Committee (TBAC) projected that stablecoins could attain a market capitalization of $2 trillion by 2028.
“Evolving market dynamics, structures, and incentives have the potential to accelerate stablecoins’ trajectory to reach ~$2 trillion in market cap by 2028,” read an excerpt in the report.
As BeInCrypto reported, this would constitute a eightfold increase from its current level of approximately $234 billion, with USD-pegged stablecoins dominating (99%) the market.
MEXC exchange COO Tracy Jin agrees, adding that the milestone may be achieved as soon as 2026.
The US Treasury acknowledged that stablecoin issuers would be required to hold [short-dated] T-bills under new regulations. They said this would strengthen the correlation between US Treasury bill demand and stablecoin adoption.
Current state of the stablecoin market. Source: US Treasury
However, the US Treasury also pointed out that stablecoin growth could compel retail banks to pay higher interest rates to depositors.
Against this backdrop, BeInCrypto contacted Max Keiser, who warned about the growing stablecoin market. The Bitcoin pioneer suggested it could exacerbate US debt levels and undermine the dollar’s value.
“Stablecoins are a financial hospice where fiat money like the US dollar goes to die,” Keiser told BeInCrypto.
Keiser argued that increased stablecoin usage dilutes the dollar’s value. In his opinion, the expansion and growth of stablecoin usage will eventually “work the US dollar to death.”
Can Stablecoins Supplant the US Dollar’s Reign? Standard Chartered Weighs In
Keiser linked the rise of stablecoins to increasing national debt, countering political promises of debt reduction.
“It also means that US indebtedness goes up, not down, as Trump has promised,” he added.
BeInCrypto also contacted Standard Chartered Head of Digital Assets Research Geoff Kendrick, who noted the Treasury’s adoption of their $2 trillion stablecoin forecast.
“US Treasury is using our $2 trillion stablecoin forecast for their own projection, as per this TBAC Presentation. The tail is really wagging the dog now,” Kendrick told BeInCrypto.
Kendrick anticipates a surge in stablecoin issuance following upcoming US legislation. While he agrees with the US Treasury’s forecast, there is a caveat, with Kendrick citing implications for the US Treasury bill (T-bill) market.
“Specifically, I think stablecoins will go from $230 billion to $2 trillion by the end of 2028. That growth will require an extra $1.6 trillion of US T-bills to be held as reserves, and that is all of the planned new T-bill issuance over that period,” he added.
Meanwhile, amidst these projects, Tether, the issuer of the world’s largest stablecoin USDT, is considering launching a US-only stablecoin by late 2025 or early 2026.
“We are just exporters of what we believe to be the best product the United States ever created — that is, the US dollar,” Ardoino said in an interview.
With growing stablecoin adoption expected to give more legitimacy to crypto, Bitcoin (BTC) could benefit from the resultant liquidity. Institutional investors are already pivoting to crypto over traditional assets, as a recent US Crypto News publication indicates.
Chart of the Day
USDT stablecoin market cap vs. USD in circulation. Source: TradingView
The chart shows the market cap of USDT (blue), which accounts for over 60% of the total stablecoin market cap. It has grown significantly since November 2023 compared to the Federal Reserve’s currency in circulation (red), which remains almost flat.
This illustrates the rapid rise of stablecoins relative to the US dollar, highlighting their increasing dominance in the market.
Here’s a summary of more crypto news to follow today:
Bitcoin worth $61 billion nears profitability as early bull signs appear. BTC price shows signs of recovery, with the MVRV ratio bouncing off a historically strong level, signaling potential early bull market conditions.
Base surpasses Arbitrum as the largest Ethereum Layer-2 after a transition from Stage 0 to reach Stage 1 level maturity.
