crypto

Tom Jones2/7/25

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.

More Crypto

Yaël Bizouati-Kennedy

Bitcoin tumbles toward $65,000 as crypto may be “forced to go through a painful metamorphosis”

The AI trade is “sucking all the oxygen out of the room,” one analyst wrote.

ITALY-BITCOIN-COMPRO-EURO-CRYPTOCURRENCY

crypto

Sage D. Young6/2/26

Solana falls to a more than 3-month low

The price of solana has been struggling, dipping below $76 briefly on Tuesday, a level not seen since February.

Despite the underlying asset suffering, solana ETFs saw $115 million of inflows in May, the highest monthly figure in 2026, data from SoSoValue shows. The investment vehicles have brought in a total of $1.1 billion since their inception last year and have yet to record a monthly outflow.

However, positive ETF flows haven’t swayed traders, who are increasingly negative: prediction market-implied odds of solana dropping under $60 in the year stand at 60%, an increase from 45% three weeks ago.

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(Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.)

"ETF flows for Solana have been positive but relatively small, so they currently only have a marginal effect on the overall price discovery for SOL," according to Carlos Guzman, research analyst at crypto trading firm GSR.

"Solana has been caught up in the broader crypto market weakness, where, outside of a few sectors that have attracted interest of late, including perpetual exchanges, privacy, and AI, most crypto token performance has been sluggish," Guzman told Sherwood News. "The meme coin narrative that drove interest in SOL in late 2024 and early 2025 has largely subsided, so the token has found itself outside of the current zeitgeist."

Meanwhile, former presidential candidate Andrew Yang’s Noble Mobile announced on Tuesday that it acquired Helium Mobile, a wireless carrier that runs on the solana blockchain. The two companies both declined to disclose the deal’s financial details, according to a report from Fortune.

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(Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.)

"ETF flows for Solana have been positive but relatively small, so they currently only have a marginal effect on the overall price discovery for SOL," according to Carlos Guzman, research analyst at crypto trading firm GSR.

"Solana has been caught up in the broader crypto market weakness, where, outside of a few sectors that have attracted interest of late, including perpetual exchanges, privacy, and AI, most crypto token performance has been sluggish," Guzman told Sherwood News. "The meme coin narrative that drove interest in SOL in late 2024 and early 2025 has largely subsided, so the token has found itself outside of the current zeitgeist."

Meanwhile, former presidential candidate Andrew Yang’s Noble Mobile announced on Tuesday that it acquired Helium Mobile, a wireless carrier that runs on the solana blockchain. The two companies both declined to disclose the deal’s financial details, according to a report from Fortune.

Yaël Bizouati-Kennedy

Bitcoin falls below $68,000 as bitcoin ETFs hit record losing streak

Strategy’s sale of 32 bitcoin may be small in number but it’s big in impact on market sentiment.

Bitcoin ATM Machine

Money

HYPE notches all-time high, and its treasury companies are the only profitable ones

Hyperliquid Strategies and Hyperion DeFi, two firms focused on accumulating HYPE, are currently the only digital asset treasury companies with gains.

Sage D. Young6/1/26

Yaël Bizouati-Kennedy

Bitcoin closed May in the red. Will June be doom and gloom?

May was bad, but June is historically worse for bitcoin’s performance

A Bitcoin symbol displayed outside a Bitcoin ATM, on November 20, 2024 in Krakow, Poland.

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