Top crypto investors are making bold moves into the TRUMP meme coin, driven by the prospect of dining with US President Donald Trump.
On April 26, blockchain researcher EmberCN flagged notable whale activity around the TRUMP token.
Whale Activity Surges as TRUMP Token Holders Aim for Presidential Dinner Invites
EmberCN reported that a major investor initially gained $732,000 in early profits but chose to stay in the game rather than cash out.
The whale reinvested the profits along with additional funds. They purchased 427,000 TRUMP tokens for around $5.73 million in USDC, paying an average of $13.40 per token.
Of the total amount, $5 million was withdrawn directly from Binance, while the rest came from earlier trading gains.
The surge in activity has paid off handsomely for Trump and his team. According to blockchain analysis platform Chainalysis, trading fees tied to the meme coin have generated nearly $900,000 for Trump’s associates over the past two days.
Observers suggest the whale’s aggressive move reflects an ambition to rank among the top TRUMP holders.
The top 25 holders will also receive access to a special VIP reception and private tour.
The buying frenzy fueled speculation that only those investing hundreds of thousands of dollars could secure an invite.
Notably, Cryptorank had estimated that to rank within the top 220, holders must possess TRUMP tokens worth over $395,000.
However, the TRUMP project team moved swiftly to clear up the confusion. They emphasized that participants are not required to invest large sums to qualify.
Instead, they explained that users had misinterpreted the data from blockchain explorers.
According to them, only wallets listed on the official leaderboard, which tracks time-weighted holdings, are eligible for the dinner, not those on public explorers.
“People have been incorrectly quoting #220 on the block explorer as the cutoff. That’s wrong because it includes things like locked tokens, exchanges, market makers, and those who are not participating. Instead, you should only be going off the leaderboard,” the Trump project stated.
Stripe, a global leader in payment infrastructure, is entering the stablecoin market amid the sector’s continued growth.
On April 25, CEO Patrick Collison confirmed that the company is actively developing a stablecoin-based product, marking a major milestone after nearly a decade of internal discussions.
Stripe to Launch Stablecoin Product Powered by Bridge Acquisition
Collison revealed that Stripe had long envisioned this project but had only now found the right environment to move forward.
The company has yet to share in-depth details about its moves. However, plans suggest the initial rollout will target businesses outside the United States, the European Union, and the United Kingdom.
We’ve wanted to build this product for around a decade, and it’s now happening. https://t.co/zK9dADvGhG
Stripe’s venture into stablecoins comes shortly after its February $1.1 billion acquisition of Bridge, a company specializing in stablecoin infrastructure. Bridge’s technology is expected to be the foundation for Stripe’s upcoming digital currency initiatives.
The confirmation follows mounting speculation about Stripe’s interest in blockchain technologies. Stripe, which handles transactions across more than 135 currencies and supports billions of dollars in global commerce yearly, sees stablecoins as a natural extension of its services.
Adding a stablecoin product could offer businesses faster, cheaper, and more efficient ways to handle cross-border transactions.
Over 15 Million Businesses Use Stripe’s Payment Solution. Source: X/Token Terminal
The payment giant’s move comes as other major fintech companies are also exploring stablecoins. Major traditional financial institutions like PayPal are already interacting with the sector, highlighting its growing momentum.
Low Market Cap Tokens are gaining momentum as May 2025 begins, with Dragonchain (DRGN), ZORA, and Housecoin (HOUSE) leading the way. DRGN surged 115% after the SEC dropped its lawsuit, reigniting interest in the project.
ZORA gained traction after its Coinbase listing, riding the viral Content Coins trend. Meanwhile, HOUSE exploded over 250% in 24 hours.
Dragonchain (DRGN)
Dragonchain (DRGN) is a hybrid blockchain platform built for businesses, enterprises, and developers. It was originally developed inside The Walt Disney Company in 2014.
After becoming independent, the project launched the DRGN token, which briefly hit a $1.3 billion market cap in early 2018. However, a SEC lawsuit in 2022 saw the token’s market cap fall below $20 million.
If momentum holds, DRGN could soon test resistance at $0.090 and $0.107, possibly breaking above $0.11 for the first time since 2021.
However, DRGN may correct back toward $0.044 if buying pressure weakens.
A deeper drop could push the token toward $0.035 or even $0.031. For now, optimism has returned to one of the earliest enterprise blockchain platforms.
ZORA
ZORA is the native token of the Zora platform, a marketplace built around tokenizing digital content. It launched on April 23 through an airdrop and was immediately listed on several major exchanges, including Binance Alpha, Bybit, and KuCoin.
ZORA gained even more momentum after Coinbase officially listed it with an “Experimental” label, warning users about potential volatility. With a market cap close to $46 million, it’s currently one of the most interesting Low-Market-Cap Tokens to watch.
The platform is based on Base chain, Coinbase’s Layer-2 network, and supports the rising “Content Coins” trend — where users mint digital content like memes, images, and posts as tradable tokens.
ZORA recently tested and held support at $0.016, showing resilience after its volatile launch. If the uptrend continues, the token could test resistance at $0.0198, potentially moving toward $0.023 and $0.027.
ZORA could climb further to challenge the $0.034 mark if the broader Content Coins narrative gains traction. It remains one of the early leaders in this emerging sector.
Housecoin (HOUSE)
Housecoin is a new Solana token launched on Pumpfun, built around the idea of letting users “hedge against the housing market.” It has quickly gained attention, reaching a market cap of around $48 million.
HOUSE recently crossed above $0.050 for the first time, setting a new all-time high.
Over the last 24 hours alone, the token has surged by more than 250%, highlighting the growing hype around new meme and niche sector tokens on Solana.
If the strong momentum continues, HOUSE could soon test resistance around $0.058, and a breakout could push it above $0.060 and even $0.070 for the first time.
However, if the trend reverses, HOUSE could return toward support at $0.0189. If that level fails to hold, deeper drops toward $0.0124, $0.008, and even $0.0069 could follow.
Social engineering scams are on the rise, and these exploits have particularly targeted Coinbase users throughout the first quarter of 2025. According to a series of investigations by ZachXBT, users have lost over $100 million in funds since December 2024, while annual losses reached $300 million.
After sorting through the complaints made by different users, BeInCrypto spoke with Coinbase Chief Information Security Officer (CISO) Jeff Lunglhofer to understand what makes users vulnerable to these kinds of attacks, how they happen, and what’s being done to stop them.
Gauging the Seriousness of Scams Affecting Coinbase Users
Throughout the first quarter of 2025, several Coinbase users fell victim to social engineering scams. As the leading centralized exchange in a sector where hacks are becoming more sophisticated with time, this reality is no surprise.
In a recent investigation, Web3 researcher ZachXBT reported on several messages he received from different X users who had suffered major withdrawals from their Coinbase accounts.
1/ Over the past few months I imagine you have seen many Coinbase users complain on X about their accounts suddenly being restricted.
This is the result of aggressive risk models and Coinbase’s failure to stop its users losing $300M+ per year to social engineering scams. pic.twitter.com/PjtX7vmjqc
On March 28, ZachXBT revealed a significant social engineering exploit that cost one individual close to $35 million. The crypto sleuth’s further investigations during that period uncovered additional victims of the same exploit, pushing the total stolen in March alone to more than $46 million.
In a separate investigation concluded a month earlier, ZachXBT revealed that $65 million was stolen from Coinbase users between December 2024 and January 2025. He also reported that Coinbase has been quietly grappling with a social engineering scam issue costing its users $300 million a year.
While Coinbase users have been particularly vulnerable to social engineering scams, centralized exchanges, in general, have also been significantly impacted by these increasingly sophisticated attacks.
How Does The Broader Context Reflect This Situation?
Public data regarding the evolution of social engineering scams in recent years is limited and somewhat outdated. Yet, the numbers in the available reports are staggering.
In 2023, the Internet Crime Complaint Center (IC3) under the US Federal Bureau of Investigation (FBI) released its first-ever cryptocurrency report. Investment fraud constituted the largest category of cryptocurrency-related complaints, representing 46% of the nearly 69,500 complaints received, or approximately 33,000 cases.
The FBI’s IC3 reported an increase in crypto-related scams in 2023. Source: IC3.
Investment fraud, or pig butchering, involves false promises of high returns with low risk to lure investors, especially crypto newcomers driven by a fear of missing out on significant gains.
According to the IC3 report, these schemes rely on social engineering and building trust. Criminals use platforms like social media, dating apps, professional networks, or encrypted messaging to connect with their targets.
In 2023, these investment scams resulted in losses of $3.96 billion for users, representing a 53% increase from the previous year. Other social engineering scams, like phishing and spoofing, further constituted $9.6 million in losses.
Coinbase scammers tend to create fake emails that appear legitimate using cloned website images and false Case IDs. They then contact users through spoofed calls, leveraging private information to build trust before sending them these deceptive emails.
Once scammers have convinced users of the interaction’s legitimacy, they exploit the situation to persuade them to transfer funds.
The increasing sophistication of these scams illustrates both the emotional manipulation involved and the particular vulnerability of the victims. They demonstrate that centralized exchanges are often the primary platforms for these exploitations.
ZackXBT’s investigations and user reports on X reveal a gap between the extent of social engineering scams and Coinbase’s apparent management effectiveness.
Public discussions indicate that Coinbase has not flagged theft addresses in common compliance tools.
Victims of scams and users whose funds were frozen are urging Coinbase to take stronger action against this growing and costly issue. Understanding how these scams take place is essential to effectively addressing them.
How Are Coinbase Users Made Victims?
In January, a victim contacted the investigator after losing $850,000. In that instance, the scammer contacted the victim from a spoofed phone number, using personal information likely obtained from private databases to gain their trust.
5/ They then sent a spoofed email which appeared to be from Coinbase with a fake Case ID further gaining trust.
They instructed the victim to transfer funds to a Coinbase Wallet and whitelist an address while “support” verified their accounts security. pic.twitter.com/pOTQpnMfCz
The scammer convinced the victim that their account had suffered multiple unauthorized login attempts by sending them a spoofed email with a fake Case ID. The scammer then instructed the victim to safelist an address and transfer funds to another Coinbase wallet as part of a routine security procedure.
Last October, another Coinbase user lost $6.5 million after receiving a call from a spoofed number impersonating Coinbase support.
The victim was coerced into using a phishing site. Eight months earlier, another victim lost $4 million after a scammer convinced them to reset their Coinbase login.
ZachXBT raised concerns about Coinbase’s lack of reporting the theft addresses in common compliance resources and their perceived inadequate handling of the escalating social engineering issue.
In a conversation with BeInCrypto, Jeff Lunglhofer, Coinbase’s Chief Information Security Officer, shared his version of the events.
Coinbase CISO Addresses Social Engineering Scams
Despite Coinbase’s clear understanding of the widespread harm caused by social engineering scams affecting its users, Lunglhofer stressed that the broader crypto community should address this problem collectively rather than entrusting the responsibility to a single entity.
“In the context of the broader social engineering challenge that’s out there, of course, Coinbase customers are impacted. We’re keenly aware of it. We’ve been rolling [out] a number of control improvements to help protect our users, and, I think more importantly, we are working with the broader industry to bring these ideas and these control uplifts across the industry, across all crypto exchanges, across everything,” Lunglhofer told BeInCrypto.
Coinbase’s CISO referenced the exchange’s collaborative efforts with other platforms to combat this problem in his reply.
Specifically, Lunglhofer pointed to the “Tech Against Scams” initiative, a partnership with industry players like Match Group, Meta, Kraken, Ripple, and Gemini to fight online fraud and financial schemes.
Lunglhofer also added that Coinbase takes a similar approach when flagging theft addresses.
Why Coinbase Handles Theft Addresses Differently
When BeInCrypto asked Coinbase why it doesn’t publish theft addresses across popular compliance tools, Lunglhofer explained that the exchange has a different procedure for these scenarios.
“We will communicate with other exchanges directly [and] let them know the addresses that we’ve seen where assets have been withdrawn,” he said, adding that “when we see that there’s, in fact, fraudulent [activity], we will pull back all the wallets that are associated with the fraud and we’ll push those out to the other exchanges that we have communications with,” he said.
Lunglhofer also mentioned Crypto ISAC, an intelligence and information-sharing group established by Coinbase in collaboration with various other crypto exchanges and organizations to distribute information related to scams.
Coinbase’s Struggle Against the Flood of Spoofed Content
Lunglhofer admitted that the number of spoofed emails Coinbase identifies or receives in the form of reports far exceeds the exchange’s capacity to take them down.
“Regrettably, they’re a dime a dozen. I can open ten of them in five minutes. It’s super easy to do. So there’s not a lot we can do about that. But, when we identify them [or when] a customer reports them, we do have them taken down,” he said.
Coinbase uses vendors to eliminate circulating spoofs or phishing campaigns in those instances.
“We have several vendors that we use to do takedowns. So anytime we see a fraudulent phone number pop up, anytime we see a fraudulent URL [or] a fraudulent website get established, we will issue those for takedown. We’ll use our vendors to work with the DNS providers and others to bring those down as quickly as possible,” Lunglhofer told BeInCrypto.
Although these preventative measures are essential for the future, they provide minimal recourse for users who have already lost millions of dollars to scams.
Whose Responsibility Is It? User vs. Exchange
Coinbase did not respond to BeInCrypto’s inquiry about developing an insurance policy for users who lost savings to social engineering scams, leaving their approach in this area unclear.
Yet, social engineering scams are complex, relying on significant emotional manipulation to build trust. This complexity raises questions about the degree of responsibility that falls on user vulnerability versus potential shortcomings in the centralized exchange’s user protection measures.
The broader cryptocurrency community generally agrees that more educational materials are necessary to help users distinguish between legitimate communications and scam attempts.
Regarding this issue, Lunglhofer clarified that Coinbase will never call users out of the blue. He also noted that Coinbase has recently implemented different features that act as warnings for users potentially interacting with a scam.
Furthermore, the CISO cited a ‘scam quiz,’ an educational tool that appears as a real-time banner when a user is about to undertake a transaction flagged as suspicious by the exchange.
Though this feature is an advantage, its ability to protect users is hard to quantify, especially regarding how efficiently it flags suspicious activity. Coinbase did not respond when BeInCrypto asked if the exchange internally tracked data related to social engineering scams.
A similar issue arises with Coinbase’s ‘allow lists.’
The $850,000 Coinbase Loss
Coinbase offers a feature that enables users to create a safelist of approved recipient addresses to help prevent transactions to unfamiliar or unverified addresses. Lunglhofer strongly urges Coinbase users to adopt this measure.
“We offer every retail customer the ability to create ‘allow lists’ for wallets that they’re permitted to transfer assets to. On my personal account on Coinbase, I have ‘allow listing’ turned on, and I only have three wallets that are allowed,” Lunglhofer detailed.
However, the $850,000 scam loss suffered by a Coinbase user in January, as revealed by ZachXBT, shows a critical limitation of safelists.
Even after a victim adds a theft address, manipulation leading to this addition can still occur, thereby neutralizing the intended protection.
Can Coinbase Do More to Protect Users?
Sophisticated social engineering scams are a growing threat, creating significant challenges for crypto users. Coinbase users and centralized exchanges in general are particularly affected.
Despite Coinbase’s outlined efforts, the significant financial losses highlight the limitations of current industry-standard measures against determined scammers.
While cooperation is crucial across the board, Coinbase, as a leading platform, must also put more proactive efforts and resources into educating its users.
Social engineering is predominantly a user-driven issue, not a security failure for any exchange. Yet, platforms like Coinbase have the critical responsibility to lead industry-wide initiatives to address these threats.
The millions lost are a stark reminder that vigilance and collective action are paramount in safeguarding users against these increasingly refined and frequent attacks.
Stellar (XLM) has been up almost 19% over the last seven days, and its market cap is now close to $9 billion. The RSI has surged above 70, while the ADX shows rising trend strength, and the EMA lines confirm bullish momentum.
XLM is holding an uptrend and pushing toward key resistance around $0.30. However, if support levels fail, signs of overheating could lead to short-term pullbacks.
Is Stellar Overheating? RSI Hits 71.5
Stellar is currently showing strong bullish momentum. Its Relative Strength Index (RSI) climbed to 71.5, significantly from 55.2 just three days ago.
This rapid increase highlights a surge in buying activity, reflecting growing investor confidence in XLM’s short-term price prospects. The sharp move also suggests that Stellar has quickly transitioned from a neutral to a more aggressively bullish setup, capturing attention among traders who closely monitor momentum indicators for entry and exit signals.
Such a fast rise in RSI often indicates intense demand, but it can also signal that the asset is approaching stretched conditions, which may increase volatility.
The RSI, or Relative Strength Index, is a technical indicator used to assess the strength and speed of an asset’s recent price movements. It operates on a scale from 0 to 100, where readings above 70 generally suggest an asset is overbought, and readings below 30 indicate oversold conditions.
When the RSI crosses above 70, it often warns that the asset could be due for a pause, consolidation, or minor correction as buying momentum overheats.
With Stellar’s RSI now at 71.5, XLM has officially entered overbought territory. This could mean that while bullish sentiment remains dominant, the price is increasingly vulnerable to pullbacks if momentum slows or traders begin locking in profits after the recent surge.
XLM Trend Momentum Builds as Buying Pressure Dominates
The Stellar Directional Movement Index (DMI) chart signals strengthening trend momentum. Its Average Directional Index (ADX) is currently at 37.41, up from 26.56 just two days ago.
This sharp increase in ADX suggests that the trend is gaining strength, confirming that market participants are firmly committed to the prevailing direction.
An ADX above 25 generally indicates the presence of a meaningful trend, and with XLM’s ADX now approaching 40, the uptrend is well-established and becoming increasingly powerful, attracting more attention from momentum traders and technical analysts.
The ADX, or Average Directional Index, measures the strength of a trend. It does not indicate the direction. It moves between 0 and 100. Readings below 20 show a weak or non-existent trend. Readings above 25 suggest a strong and sustainable trend is underway.
Along with the ADX, the DMI tracks two other important lines. The Positive Directional Indicator (+DI) measures upward pressure, while the negative directional indicator (-DI) measures downward pressure.
XLM’s +DI is now at 33.59. It was at 22.81 two days ago but is slightly down from a recent peak of 36.47. This shows some short-term volatility, even with strong overall buying pressure.
Meanwhile, the -DI has dropped sharply to 9.91 from 19.8 three days ago. This signals that selling pressure has weakened considerably.
Taken together, these movements confirm that XLM remains firmly in an uptrend. However, small fluctuations in +DI suggest that while bulls are still in control, the pace of buying could face brief pauses or small pullbacks as the rally matures.
Stellar Bullish Trend Intact, but Key Support at $0.279 Must Hold
Stellar’s Exponential Moving Averages (EMAs) are flashing strong bullish signals, with the short-term EMAs currently positioned above the long-term ones. This classic pattern reflects sustained upward momentum.
The next major resistance level sits around $0.30, a psychological barrier that could briefly slow XLM’s advance.
However, if Stellar manages to break decisively above $0.30, the path higher opens toward $0.349 and potentially $0.37, which would mark the first time XLM trades above $0.35 since March 2.
On the downside, the support level at $0.279 has become crucial for maintaining the bullish structure.
A successful retest of this support could serve as a healthy consolidation before another leg higher, but a clear loss of $0.279 could trigger a more meaningful correction.
If that happens, XLM price could slide toward the next major support at $0.258, and if selling pressure accelerates, deeper retracements toward $0.239 or even $0.20 are possible.
Senator Elizabeth Warren is concerned that political interference is driving the SEC’s latest crypto decisions. Paul Atkins, the newly appointed Chairman of the SEC, has promised to prioritize clear and transparent regulatory frameworks for the crypto industry.
His pledge marks a significant shift in direction for the agency following years of controversy.
Paul Atkins Charts New Course for Crypto Regulation at SEC
During an April 25 roundtable organized by the SEC’s crypto task force, Atkins stressed the urgent need for transparent rules to support innovation and responsible growth.
“This is important work as entrepreneurs across the United States are harnessing blockchain technology to modernize aspects of our financial system. I expect hug benefits from this market innovation for efficiency, cost reduction, transparency, and risk mitigation. Market participants engaging with this technology deserve clear regulatory rules of the road,” Atkins stated.
Meanwhile, Atkins openly criticized the SEC’s previous leadership under former Chairman Gary Gensler. He stated that a lack of clear policy stifled industry development and pushed key players to the edge.
Now, Atkins has vowed to correct past missteps. He committed to working closely with Congress and President Donald Trump to create a regulatory structure that fits the unique characteristics of digital assets.
Early signs of this shift are already visible, with the SEC beginning to dismiss several enforcement actions initiated during the previous administration. The Commission has also established a dedicated crypto task force to collaborate with industry stakeholders on shaping future policy.
US Lawmaker Raises Alarms Over Potential Political Interference
While Atkins seeks to reset the SEC’s approach to crypto oversight, concerns are mounting over the agency’s independence.
The senator expressed particular concern that Trump could personally benefit from products requiring SEC approval, describing the situation as an unprecedented ethical risk.
“The President has attempted to assert his dominance over decision-making at independent agencies like the SEC through executive orders and firings, putting further pressure on the Commission to fall in line,” the lawmaker stated.
She emphasized that pending legislation may soon give the Federal Reserve and the Office of the Comptroller of the Currency more oversight powers. Trump reportedly seeks greater control over these two agencies.
Given these risks, Warren requested detailed records from the SEC, including internal assessments and communications with the White House.
She stressed that these measures are necessary to safeguard decision-making and maintain the credibility of financial markets.
The crypto market has experienced a volatile start to Q2, with many tokens posting significant surges in recent days. Meme coins, in particular, have seen a resurgence, with older tokens gaining traction and newer ones attracting attention.
BeInCrypto has analyzed five meme coins for investors to watch in the coming month and their potential for further growth.
Turbo (TURBO)
TURBO has shown impressive momentum, gaining more than 191% in the past two weeks, now priced at $0.004313. The altcoin is testing key resistance at $0.004842. As one of the best performing meme coins this month, it continues to attract attention from investors, signaling strong potential for future gains.
This surge has provided relief to investors impacted by the February Death Cross. With TURBO standing at a near three-month high, the outlook remains positive if the broader market trends support further growth. A breakout above the resistance could propel TURBO towards the target of $0.006857, offering additional upside.
Failure to breach $0.004842 could lead to a reversal in the trend. A drop below this resistance would likely see TURBO testing the support level at $0.003304. This would invalidate the bullish scenario and potentially erase much of the recent price increase.
Neiro Ethereum (NEIRO)
NEIRO has experienced a notable resurgence, surging by 256% this week alone. Currently trading at $0.0661, the meme coin is at a four-month high. As NEIRO looks to break the $0.0715 resistance, it could see continued upward momentum if broader market conditions remain favorable.
The potential for NEIRO to breach $0.0715 is strong, with the broader market showing bullish trends as Bitcoin approaches $100,000. This could provide the necessary momentum to push NEIRO towards the $0.0845 resistance. A successful test of this level would solidify recent gains and set the stage for a move to $0.1000.
A failure to break through $0.0715 would likely send NEIRO into a bearish correction. In this scenario, the price could fall through key support at $0.0568, possibly testing $0.0446. This would invalidate the current bullish outlook, highlighting the importance of breaking resistance for continued growth.
Brett (BRETT)
BRETT has shown remarkable growth, up 120% over the past two weeks, trading at $0.054. This surge marks a near-three-month high for the meme coin, driven by a shift in market conditions. The rally suggests strong investor sentiment, fueled by the growing interest in Base meme coins.
As the market shifts, BRETT has captured attention, making it one of the more promising altcoins in its category.
With continued momentum, BRETT could break through the $0.058 resistance level, opening the door to further gains. A move toward $0.072 is plausible, especially as hype surrounding Base meme coins intensifies.
This meme coin also reignites the Solana vs. Base meme coin discourse; however, Alvin Kan, COO at Bitget Wallet, told BeInCrypto that this may not be the case.
“Solana still leads. It’s fast, cheap, and has an army of degens ready to mint and trade anything viral. Base is growing, and Coinbase might help push it further, but it hasn’t built the same retail energy yet. As for AI meme coins—they’re interesting, but still feel like a niche inside a niche. For now, Solana memes dominate the meme meta.”
However, a correction could follow if BRETT fails to breach $0.058. The price might drop through the $0.052 support, potentially reaching as low as $0.042. This decline would invalidate the bullish outlook, signaling a shift in market sentiment. Without sustained support above $0.058, the upward momentum may be short-lived, and bearish conditions could prevail.
Official Trump (TRUMP)
TRUMP has captured investor attention, surging 60% this week to trade at $12.14. The meme coin has reignited interest, driven by market speculation. Its rise comes amid increasing excitement around politically fueled volatility, making it a popular pick for traders looking to capitalize on unpredictable market swings.
Although TRUMP failed to secure $12.57 as a support level, the possibility of achieving this level in the coming weeks remains strong. The US President’s influence on market movements, driven by unexpected announcements, could provide the catalyst needed for TRUMP to rise further, potentially reaching $14.53 as it follows broader financial trends.
Failure to hold $12.57 as support could signal a reversal. In this case, TRUMP may see its price drop to $11.44 or $10.29, undermining the current bullish outlook. This scenario would invalidate the positive momentum, with investors needing to monitor key levels for potential price shifts closely.
Pudgy Penguins (PENGU)
PENGU has experienced significant volatility since January, with massive drawdowns following early interest. However, the meme coin has rebounded sharply, gaining 118% over the past two weeks. This recovery has caught the attention of investors, reigniting hopes for further growth and renewed momentum in the altcoin’s price.
Currently trading at $0.00846, PENGU is nearing key resistance at $0.01007. If the meme coin can maintain its bullish momentum, it presents a promising opportunity for investors. A successful break above this level could attract additional buyers, further driving its price and expanding the interest in this resurgent meme coin.
Failing to breach $0.01007 would likely result in a price decline, with support potentially falling to $0.00718. This would erode recent gains and invalidate the bullish outlook, with a further drop to $0.00549.
Coinbase, the largest digital assets exchange in the United States, has revealed that residents across five states have missed out on more than $90 million in potential staking rewards since June 2023.
The exchange explained that the missed earnings stemmed from these states’ ongoing legal actions against the platform’s staking services.
Coinbase Pushes Back Against Outdated Staking Bans in US States
On April 25, Coinbase publicly urged California, New Jersey, Maryland, Wisconsin, and South Carolina to lift their restrictions against its staking services.
According to the exchange, removing these restrictions would align these states with the Securities and Exchange Commission (SEC). Notably, several other states have already abandoned similar efforts.
Coinbase argues that the holdout states have imposed outdated and misdirected bans. The company stresses that regulators originally designed cease-and-desist orders to combat scams, not legitimate financial services like staking.
Considering this, the firm warned that the financial impact on residents will continue to grow unless the restrictions are lifted soon.
“The holdouts actively harm their consumers by barring their access to safe wealth generation tools like staking. They’ve cost these Americans tens of millions of dollars in potential earnings – and counting,” Coinbase’s chief legal officer Paul Grewal said on X.
Beyond lost earnings, Coinbase believes these state-level actions harm consumers by limiting their choices.
The exchange warned that residents might be forced to seek staking options through less secure, lightly regulated platforms. This shift could expose users to higher risks without the protections offered by licensed and established exchanges.
“By singling out Coinbase, these holdout states are arbitrarily picking winners and losers. That’s the job of consumers, not state bureaucrats. Their actions not only deprive consumers of competition and choice, but also push them towards potentially less regulated (or unregulated) staking platforms,” Coinbase stressed
Coinbase also raised concerns about the wider effects on the crypto industry. The ongoing bans, it said, add to the regulatory uncertainty that continues to cloud the US digital asset market.
“Against this backdrop, continued litigation by the holdout states is more indefensible than ever. These lawsuits don’t protect consumers – they confuse them and expose them to greater risk,” Coinbase stated.
The firm emphasized that dropping the staking restrictions would benefit residents and promote safer innovation. It added that this move would help create a stronger, more competitive crypto economy in the United States.
DeFi Development Corp. (formerly Janover Inc.) is trying to raise $1 billion by selling securities to buy Solana (SOL) over time.
Earlier today, a report from Coinbase claimed that the firm had already raised $42 million for SOL purchases with similar sales. Apparently, these operations were only the beginning of a much larger ambition.
DeFi Development Bets Hard on Solana
In a trend that the crypto community is calling “Solana MSTR,” corporate actors have been buying SOL tokens.
“[DeFi Development] has adopted a treasury policy under which the principal holding in its treasury reserve on the balance sheet will be allocated to digital assets, starting with Solana. The Board of Directors approved the Company’s new treasury policy on April 4, 2025, authorizing long-term accumulation of Solana,” the filing claims.
In addition to selling up to $1 billion in securities, DeFi Development plans to register up to 1,244,471 shares of common stock for potential resale by existing stockholders to use this liquidity to buy Solana.
Specific details about each offering will appear in a supplement provided at the time of sale.
Coinbase noticed DeFi Development’s Solana ambitions and described them in a report released earlier today. The report described the company’s efforts to raise $42 million in convertible notes, using those funds to build an SOL reserve.
The company recently changed its name from Janover, and it now trades on the Nasdaq under the symbol DFDV. DeFi Development also aims to operate one or more Solana validators, enabling it to stake its treasury assets, participate in securing the network, and earn rewards that can be reinvested.
Corporate Solana investment is tiny compared to Bitcoin, but DeFi Development may just be its first whale. MicroStrategy’s plan to become a massive BTC holder didn’t just change its own character; it also transformed Bitcoin.
Bitcoin (BTC) is up nearly 12% over the past seven days, gaining momentum as it reclaims key technical levels and approaches major resistance zones. The recent price surge has been supported by a slight recovery in the number of Bitcoin whale addresses, hinting at renewed accumulation from large holders.
Technical indicators like the Ichimoku Cloud and EMA lines point to a strong uptrend, with bullish formations suggesting continued buyer control. As BTC flirts with the $100,000 mark again, whale activity and chart signals will determine whether this rally has more room to run.
Subtle Accumulation: What the Rise in BTC Whales Could Mean
The number of Bitcoin whales—wallets holding between 1,000 and 10,000 BTC—has been trying to recover over the past few days, showing subtle but notable movement.
There are 2,006 BTC whale addresses, slightly higher than the 2,000 recorded on April 21. The count briefly rose to 2,005 on April 22 before dipping to 2,002 the next day, and now it’s back above that level.
While these daily fluctuations may seem minor, they often reflect deeper shifts in sentiment and positioning among some of the largest players in the crypto market. The recent stabilization suggests that accumulation might be picking up again after a period of distribution or hesitation.
Tracking whale activity is important because these entities tend to have an outsized influence on market trends. Whether institutional investors, long-term holders, or high-net-worth individuals, whales often act with a level of strategic insight and patience that retail investors can’t always match.
Their behavior can signal confidence or caution in the broader market. The number of whale addresses showing a slight upward trend could indicate renewed interest in accumulating Bitcoin at current levels.
This might not immediately translate to a sharp price move. Still, it does add a layer of underlying support to the market, potentially reducing downside risk and paving the way for more sustained bullish momentum if broader conditions align.
The price trades above the blue conversion line (Tenkan-sen) and the red baseline (Kijun-sen), indicating short-term strength and trend alignment.
These lines have acted as dynamic support levels throughout the recent move, with price bouncing off them multiple times in recent candles. This suggests that buyers remain in control, and any dips have been met with demand.
The green cloud (Kumo) ahead is thick and rising, signaling a strong support zone and a positive trend outlook.
The distance between the red and green boundaries of the cloud also suggests expanding volatility, which tends to support stronger directional moves.
Because the price is well above the cloud and all key Ichimoku components are aligned in bullish formation, the current setup supports the idea of an ongoing uptrend—at least in the short to mid-term—unless price sharply reverses and closes below the blue and red lines.
Will Bitcoin Break Above $100,000 Before May?
Bitcoin recently broke above the $90,000 mark for the first time since early March.
Its EMA lines support the bullish narrative, with all short-term moving averages positioned above the long-term ones and spaced widely apart—often a hallmark of a strong uptrend.
Bitcoin price could challenge key resistance levels at $96,484 and $99,472 if this momentum continues. A break above those could open the door for a push past the psychological $100,000 mark, with the next major target near $102,694—the highest level since early February.
However, there’s still room for caution. It may lose its short-term footing if Bitcoin retests and fails to hold the support level at $92,920.
In that case, price could slide toward $88,839, and if a downtrend takes shape, further losses down to $86,533 become more likely.
