China News by Thebittimes.Com

President Donald Trump has been courting the cryptocurrency industry and community through much of his campaign and has been engaged with digital assets both directly and indirectly in recent months. Perhaps his most overt action pertaining to cryptocurrencies came around the inauguration day – January 20 – when he personally, along with several members of the Trump family, launched a series of thematic meme coins. Though others – perhaps most notably the Official Melania meme (MELANIA) – rapidly gained market cap after the launch, the OFFICIAL TRUMP (TRUMP) was the biggest winner of the event. Picks for you Master the Markets: OnEquity’s Advanced Learning Hub for Intermediate Traders 1 second ago Here’s how analysts...

The cryptocurrency industry has been on a roller coaster ride. Meme coins like PEPE have been undergoing significant volatility. The altcoin saw more than 34% rise over the past seven days. However, the meme coin was trading at $0.000008376 at press time, with a 0.26% drop over the past 24 hours. The 42% rise in daily volume increased selling activity instead of buying since the asset price did not see a massive surge. According to data from Changelly, PEPE is expected to record an uptick in the next couple of days. The asset will trade around $0.00001041 on August 15, following a 24% surge from its current price level. This surge, eliminating a zero, gives meme coin investors a much-needed boost. Whale Activity and Market Impact Whale’s Buying Spree Amidst this, a prominent whale named “cookislandstrust.eth” was seen making news for its moves. The whale has been buying a large amount of meme currency. Recent Purchases Recent data shows the whale bought an impressive 420 billion PEPE t...