Crypto
crypto
Tom Jones

Copycats have rushed to cash in on the buzz around $TRUMP coin

If imitation is the sincerest form of flattery, then the team behind the president’s meme coin must be positively blushing. After analyzing the holdings of the official Trump coin wallet, the Financial Times reported that in the last three weeks alone, some 736 meme coins have been deposited into Trump’s digital wallet in “apparent attempts to suggest his endorsement.”

Crypto chancers have been rushing to associate their creations with President Trump ever since he and Melania launched their own coins ahead of his inauguration in January. After the president’s official meme coin (trump) surged to hit an implied market value of ~$70 billion at its peak, the number of “copycat” coins jumped — with more than 160 created since January 18.

According to the FT’s research, people have put 192 copycat coins named after Trump or members of his family into his wallet, with 30 referencing his son Barron alone. Interestingly, there are 35 meme coins with “Elon” or “Musk” in their names in there, too.

Last week, the Trump Media & Technology Group launched financial services and fintech brand Truth.Fi, and yesterday it emerged that it had also filed a trademark for a bitcoin “plus” ETF.

Trump’s memecoin inspires wave of copycats

Trump’s memecoin inspires wave of copycats

Crypto chancers have been rushing to associate their creations with President Trump ever since he and Melania launched their own coins ahead of his inauguration in January. After the president’s official meme coin (trump) surged to hit an implied market value of ~$70 billion at its peak, the number of “copycat” coins jumped — with more than 160 created since January 18.

According to the FT’s research, people have put 192 copycat coins named after Trump or members of his family into his wallet, with 30 referencing his son Barron alone. Interestingly, there are 35 meme coins with “Elon” or “Musk” in their names in there, too.

Last week, the Trump Media & Technology Group launched financial services and fintech brand Truth.Fi, and yesterday it emerged that it had also filed a trademark for a bitcoin “plus” ETF.

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Yaël Bizouati-Kennedy
2/27/26
Bitcoin options market signaling “smart money is still paying up for downside protection rather than chasing the pump”

Bitcoin is heading toward its worst February since 2020 and its fifth consecutive month in the red.

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crypto
Sage D. Young

Ethereum struggles to hold market gains

After rallying from $1,830 to above $2,100 on Wednesday, ethereum struggled to hold on to its gains and dipped under $2,000, a round psychological price level, on Thursday. 

The seesaw price action helped liquidate $146 million worth of leveraged long and short positions on ethereum in the last 24 hours, data from CoinGlass shows.  

While ethereum was due for a relief rally after entering into oversold conditions as measured by its relative strength index, some are still maintaining a bearish sentiment, according to Delphi Digital analyst Simon Shockey.

With ethereum now trading under $2,000, Shockey called the rally “unconvincing.” He told Sherwood News that he doesn’t “think most crypto natives are compelled to really believe the lows are in,” adding that he could see ethereum fall further from here and make new lows in the second half of the year. 

The price action comes as cofounder Vitalik Buterin has sold $35 million worth of ethereum tokens since the start of February and the paper loss for the largest ethereum treasury firm, BitMine Immersion Technologies, has climbed to nearly $7.9 billion. 

On the positive side, ethereum developers introduced a new road map that involves seven hard fork upgrades by 2029 and several north stars, one of which aims to make ethereum a “post quantum” layer 1 network.

Yaël Bizouati-Kennedy
2/26/26
Bitcoin’s brief bounce doesn’t signal the bottom, analysts warn

With only two days to go in February, the asset is on track to notch its fifth straight month of losses.

Bitcoin ice carving
Yaël Bizouati-Kennedy
2/25/26
Bitcoin gets a positive bounce following State of the Union

“This has been a silver lining, given the tumultuous time crypto markets have had over the past months and weeks, but it does not call for celebration just yet,” one expert warned.

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crypto
Sage D. Young

Crypto industry sees relief bounce in midst of winter

Crypto assets and crypto-adjacent companies are catching a bid and rebounding off recent lows, with stablecoin issuer Circle soaring after reporting strong earnings before the bell. The company beat on revenue and reported that USDC in circulation has grown to $75.3 billion, up 72% year over year.

The total market capitalization of all cryptocurrencies has increased 4.5% in the last 24 hours, and both tokens and companies close to crypto are enjoying a boost:

(Robinhood Markets Inc. is the parent company of Sherwood Media, an independently operated media company subject to certain legal and regulatory restrictions.)

Despite the relief bounce, some are still uneasy. “The whole market still seems very heavy to me,” Glenn Rosenberg, managing partner at Persistent Trading, told Sherwood News. “Jokingly, BTC feels like it’s now 100% correlated to any asset or news that’s negative! I think we test 60,000 — that’s a big long-term channel and could push lower from there,” he said. “The whole [space] looks risky right now.”

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