The famous liquid staking protocol in the Celestia ecosystem, MilkyWay, is all set to launch its native token and airdrop. Similar to any crypto airdrop, its aim is to reward the early supporters and contributors. More importantly, to gain the investors’ attention. Since the eligibility, allocation, and more details are out, investors are curious about the MILK token price at launch. Let’s discuss what to expect.
MilkyWay Airdrop Listing, Allocation & More Details
In recent PAWS airdrop listing has gained the most attention, as investors have been eyeing this dog-themed meme coin’s launch. Interestingly, similar hype is building at the MilkyWay airdrop, as the team announced to airdrop 100 million MILK tokens (10% of the total supply).
To show our gratitude and acknowledge your contribution, 10% of total MILK supply (100,000,000 MILK) to our milkers, community leaders and pioneers of our new endeavors, reads official announcement
This is among the biggest crypto airdrops of 2025, where mPoint holders (since December 2023), Moolitia NFT holders, and milkINIT testers or contributors are eligible. Another important thing to note is the minimum mPoints requirement, which is 500, and the users must have linked their EVM wallet.
Notably, they can access their allocated token directly on centralized exchanges or their personal wallet. The ones preferring CEX must opt in for that before April 26, 12 PM UTC. The team has recently revealed the MILK allocation stats, increasing the anticipation around the MILK token price.
What to Expect from the MILK Token Price?
The MilkyWay airdrop is not live yet, and there’s no significant announcement around the MILK token price. However, experts do anticipate the price to be between $0.1 and $0.7 in the optimistic scenario.
Considering the rest of the launches, including the ZORA token price, which was $0.037 at launch, signals a lower price. Investors must await further information on the allocation, circulating supply, and other key metrics to understand the potential MilkyWay token price better.
Since US President Donald Trump assumed office, the Securities and Exchange Commission (SEC) has dropped, settled, or paused lawsuits against prominent crypto entities left and right. In stark contrast to the previous administration’s leadership under Chair Gary Gensler, the SEC seems to be parting from its previous crackdown on digital assets.
In an interview with BeInCrypto, Nick Puckrin, Founder of The Coin Bureau, and Hank Huang, Chief Executive Officer at Kronos Research, highlighted the substantial election influence the crypto industry had over Trump’s candidacy as a contributing factor to the SEC’s looser stance on crypto.
The SEC’s Approach Under Trump
The SEC has experienced a clear shift in its approach to crypto lawsuits under Trump’s presidency. Its move away from the aggressive enforcement tactics of its previous leadership has largely characterized this shift.
“When President Donald Trump won the US election, the crypto industry rejoiced. Finally, the ‘regulation by enforcement’ era, which the SEC under the leadership of Gary Gensler was so famous for, was about to come to an end. And the new administration didn’t disappoint. Within just a couple of weeks of Trump’s inauguration, the revamped SEC started dropping lawsuits against crypto firms left, right and center,” Puckrin said.
Two weeks ago, the SEC officially dropped its appeal and XRP lawsuit against Ripple Labs, ending a five-year legal battle. The Commission had originally accused Ripple of conducting an unregistered securities offering worth $1.3 billion through XRP sales.
“After more than four years in limbo, the SEC has officially decided that XRP is not a security (though what it is instead remains to be seen). This case has been weighing heavily on XRP – the fourth largest cryptocurrency with a market cap of roughly $130 billion– so its resolution is a major win,” Puckrin added.
The wider crypto community celebrated the outcome, with many arguing that it will set a precedent for how digital assets are classified in the US. This prediction is warranted, given that the SEC has been on a lawsuit-dropping spree.
The SEC has also dropped several ongoing investigations against OpenSea, Robinhood, Uniswap Labs, Kraken, and Gemini. It has also asked a federal court to issue a 60-day pause over its litigation against Binance. Meanwhile, the Commission settled its investigation into ConsenSys over its Ethereum software products.
These lawsuits surfaced in parallel to a series of crypto-friendly measures meant to foster greater innovation and curb potential regulatory suffocation that had existed during the Biden era.
Will New Leadership Define Clear Crypto Regulations?
A day after Trump assumed office, SEC Acting Chairman Mark Uyeda announced the creation of a dedicated crypto task force led by Commissioner Hester Peirce. The task force was reportedly designed to resolve long-standing ambiguities in the regulatory treatment of digital assets.
In all SEC crypto lawsuits, Commissioner Uyeda has implemented a strategy prioritizing industry engagement to develop regulatory frameworks that balance innovation and investor protection.
Meanwhile, Trump strategically nominated Paul Atkins, a crypto-curious, regulation-light candidate, to replace Gensler as head of the SEC. Just this week, the Senate Banking Committee voted to advance Atkins’ nomination to the full Senate.
Now, only a stone’s throw away from becoming SEC Chair, Atkins is expected to loosen regulatory oversight on crypto.
“With the establishment of a new Task Force and key appointees like Paul Atkins fostering innovation, Trump’s strategic move to create a Bitcoin reserve within the government further underscores his commitment to supporting the industry. The future of crypto regulations will be focused on less oversight and the beginning of a delicate but promising thaw in the regulatory landscape,” Huang added.
Though some say Trump’s handling of crypto affairs has resulted in a never-before-seen triumph, others are weary that his increasing involvement in the industry has turned out to be a recipe for disaster.
The Impact of Crypto Donations on Regulations
Several industry leaders went to great lengths to ensure that Trump became America’s 47th president. Millions of dollars in donations from crypto firms throughout Trump’s campaign illustrated these efforts.
According to a Public Citizen report, over $119 million from crypto corporations went into influencing the 2024 federal elections, largely through Fairshake, a non-partisan super PAC backing pro-crypto candidates and opposing skeptics.
Crypto corporations donated over $119 million to the 2024 federal elections. Source: Public Citizen
Coinbase and Ripple, among others who stand to profit, directly provided over half of Fairshake’s funding. The remaining funds mostly came from billionaire crypto executives and venture capitalists. Notable contributions included $44 million from the founders of Andreessen Horowitz, $5 million from the Winklevoss twins, and $1 million from Coinbase CEO Brian Armstrong.
So far, big crypto’s spending strategy is paying off with a more favorable environment.
Without a clear framework to guide the crypto industry following these dropped lawsuits, this lax approach risks being short-lived. Ultimately, this could tarnish long-term crypto adoption.
“Somehow, all these victories feel somewhat hollow after the reputation of the crypto industry has been tarnished by the billions of dollars in combined losses from meme coin scams. Meanwhile, Hayden Davis, the mastermind behind LIBRA, continues to launch fraudulent meme tokens, despite being on the Interpol wanted list,” he said.
A 2024 report by Web3 intelligence platform Merkle Science revealed that meme coin rug pulls cost investors over $500 million. The February LIBRA incident showed how this trend was carried over to 2025. Nansen data revealed that 86% of investors lost $251 million, while insiders pocketed $180 million in profits.
Though crypto scammers may be charged with related crimes like wire fraud or money laundering, rug pulling is legal. Better said, it’s unaccounted for. No regulation holds crypto insiders responsible for meme coin scams.
“As crypto becomes an ever more mainstream asset class, consumers need to be protected against those who choose to use it for nefarious purposes. One way to do this is through education, and that’s our job as an industry. But deterring scams and extractive behavior is the job of the regulators. And it’s time they stepped up to the task,” Puckrin told BeInCrypto.
If the SEC doesn’t take advantage of this opportunity to curb the consequences that meme coin scams can produce, it will result in an enormous setback for the industry.
Comprehensive Regulation Beyond Dropped Lawsuits
Puckrin illustrated the need for heightened regulatory clarity in crypto by drawing attention to the way the SEC penalizes insider trading in the context of traditional investing.
“In traditional investing, insider trading is a serious crime. In the US, it’s punishable by fines of up to $5 million for individuals and prison sentences up to 20 years. Similarly, federal penalties for engaging with illegal gambling activities include up to five years in prison. Perpetrators of memecoin scams must be punished with the same level of severity, because the result is the same: manipulating markets and cheating unsuspecting investors out of their savings,” he said.
Puckrin clarified, however, that the issue isn’t solely about penalizing fraudsters. Just as the SEC’s past overregulation hindered the industry, the current lack of meme coin rules creates an environment where new scams and exploitative schemes can easily flourish.
“Yes, the removal of lawsuits is great news for blockchain innovation, but something needs to replace it. Indeed, serious cryptocurrency firms have never advocated for an unregulated Wild West. What they want is clarity and rules that are fit for the nascent blockchain industry – not just a copy-and-paste of existing financial regulations that simply don’t work for crypto,” he said.
Although the Trump administration has only been in place for four months, the clock is ticking, and meaningful change takes time.
Unanswered Questions Loom
Puckrin expressed concern over the current administration’s prioritization of lawsuit dismissals instead of working faster to implement transcendental crypto regulation.
“My concern is that regulators will keep kicking the can down the road with crypto regulation, having gained the approval of the industry for dropping the many lawsuits that were stifling its growth. And this is incredibly dangerous,” he told BeInCrypto.
Meanwhile, critical questions that only the SEC can define remain unanswered.
“What are memecoins and who will ensure another LIBRA fiasco doesn’t happen? Are utility altcoins now commodities and if so, will the Commodities Futures Trading Commission (CFTC) regulate them? And, importantly, what do we do about compensating investors who have lost billions to crypto fraud?” Puckrin concluded.
The SEC’s current direction promises a regulated renaissance or a breeding ground for future crises.
With billions lost and critical questions unanswered, the future of crypto hinges on whether the regulatory body will translate its recent shift into a lasting framework that fosters innovation without sacrificing investor protection.
Richard Kim, founder of Zero Edge, a defunct “crypto casino,” was arrested and subsequently released on bail in a federal securities fraud case. After an arrest on Tuesday, Kim posted a $250,000 bond using $100,000 in cash as collateral.
Before Zero Edge, Kim had an esteemed career at major institutes like JP Morgan and Goldman Sachs. The Southern District of New York (SDNY) is hearing this case.
How Richard Kim’s Crypto Casino Collapsed
Before everything fell apart, Richard Kim was ostensibly a successful crypto entrepreneur. A former executive at Galaxy Digital, an attorney, and an elite trader, he left in March 2024 to found Zero Edge.
This “crypto casino” would bring classical gambling onto the blockchain, according to a recent court document:
“In particular, Kim represented to prospective investors that Zero Edge would ‘develop a number of onchain games,’ beginning with craps, and operate both a ‘free to play / social casino version of the game’ in which players could win virtual currency, as well as a real money version of the game. KIM wrote that he would serve as the ‘chief architect’ of the company,” it read.
Kim leveraged his former connections, including those at Galaxy, to raise over $7 million in seed funding. However, Kim’s casino never opened.
According to his public statements, Kim initially lost $80,000 to a phishing scam and blew through $3.8 million by chasing losses in “high-risk leveraged crypto trades.” This happened within a week of his initial funding round.
From there, he misled investors for months before finally coming clean last June, describing himself as a gambling addict. Several of the casino’s investors, including Galaxy, filed complaints that progressed to federal charges this week.
The FBI arrested Kim on charges of wire fraud and securities fraud, and he is being tried in the Southern District of New York (SDNY).
In the grand scheme of things, Kim’s aborted attempt to open a digital casino is on the smaller end of crypto crimes. Nonetheless, it’s important that the federal government actually seeks to prosecute him.
This may be a small win for justice, but fresh crypto cases are being tried. Kim is currently out on bail, but he still faces repercussions for his failed casino. Whatever happens, its results will be an important data point for US crypto enforcement.
The crypto market had a volatile week that ended on a not-so-positive note, led by Bitcoin. Altcoins experienced a similar week, with many noting losses, especially the meme coins, some of which are inching closer to a new all-time low.
BeInCrypto has analyzed three such meme coins, which showcase the different intensities of the market’s drawdown: some noted weekly lows, and others saw massive losses.
Brett (BRETT)
BRETT price had gained 9% over the last week but lost all the gain on Friday after seeing major corrections. The meme coin is trading at $0.0379, below the local resistance of $0.0429.
The meme coin continues to struggle against broader bearish market conditions, making it difficult to break higher. However, with sustained interest, a rise above resistance remains possible.
The primary target for BRETT is to breach $0.0478 and flip it into support after noting a 17% rise. This has been an ongoing challenge for the altcoin, with previous attempts failing over the past month.
Successfully flipping $0.0478 into support would open the path for further growth, potentially pushing BRETT above $0.0500.
However, if BRETT fails to break through $0.0429, it could retrace to $0.0372. Falling below this level would invalidate the current bullish outlook, potentially sending the altcoin down to $0.0348.
Goatseus Maximus (GOAT)
GOAT has faced a persistent downtrend since the start of the year, currently trading at $0.0634. This prolonged decline has erased nearly all of its previous gains. The market’s overall bearish conditions have kept the altcoin struggling, making it difficult for GOAT to secure upward momentum.
Currently, GOAT is trading just above its all-time low (ATL) of $0.0601, having experienced a significant 37% decline over the past week. If the market conditions remain unfavorable, the altcoin could see a drop below $0.0600, potentially marking a new ATL and deepening its losses.
However, if GOAT receives support from bullish investors or market sentiment shifts positively, it could stage a recovery.
The meme coin’s target would be $0.1104, and if it successfully breaches this resistance, the bearish outlook could be invalidated, helping GOAT recover from its recent losses.
OFFICIAL TRUMP (TRUMP)
TRUMP initially jumped to $13.11 this week before seeing a drop to $12.28 on Friday. The meme coin has managed to hold above the key support level of $12.10, indicating a stabilizing trend amid the broader market’s volatility.
This support level continues to be critical for price movements.
While TRUMP reached an intra-week high of $17.14, the altcoin has struggled to maintain upward momentum. The ongoing downtrend and prevailing bearish market conditions pulled the price back down.
Moving forward, TRUMP is likely to consolidate between $17.14 and $12.41, with these levels marking significant resistance and support.
The only way this neutral outlook is invalidated is if TRUMP falls below $12.41. A breakdown below this support could lead the altcoin to slide toward its all-time low (ATL) of $11.07, signaling a more bearish trend.
This would also extend the losses seen in the current downtrend.
