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- What Crypto Does Donald Trump HODL?
Welcome back to the Daily Coinsauce Newsletter! Let’s dive into today’s updates—there’s a lot to unpack!
💧Top headlines from the last 24 hours:
• Donald Trump’s crypto wallet revealed.
• Solana dexes surpass $100 billion in monthly trading volume.
📕Educational :
• Long term BTC holders sell their BTC to realize profits.
Lets dive in.
📅 Today
What Does Trump HODL?
UPDATE: Donald Trump currently holds $5.4M in crypto.
His top holding is ETH. x.com/i/web/status/1…
— Arkham (@ArkhamIntel)
5:54 PM • Nov 25, 2024
Donald Trump’s publicly identified wallet shows that he holds over $5.4 million in crypto. His highest holdings are ETH.
In total, Trump holds 973 ETH worth over $3.3 million. This means that over 61% of his publicly identified crypto wallet consists of ETH.
At Coinsauce, we continue to remain bullish on ETH and believe that moving forward, ETH should start to, and then continue to outperform BTC atleast for the mid-term future.
Solana on Fire!
Solana's DEX monthly trading volume surpassed $100 billion for the first time in November 2024, hitting $109.8 billion—more than double Ethereum's $55 billion on the mainnet.
This 100% increase from October’s $52.5 billion reflects Solana’s rapid growth, a direct result of rising memecoin activity and low transaction fees.
The network also recorded 107.5 million active addresses and a new all-time high for SOL.
Whenever Solana closes above it’s all-time-high of $263 with a strong weekly candle close and high volumes, chances are Solana could then hit $350-$400 by the end of the cycle.
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🌎 Other News
📕 Educational
Things are getting heated! Bitcoin long-term holders (LTHs) have come out in force, with selling pressure hitting -366K BTC/month - the highest since April 2024.
Once tis cohort starts selling massively, it could be a warning sign for a cool-off to come.
However, many other on-chain indicators remain far from overheated, thus we believe that the cycle top is far from being over yet, especially for altcoins.
📊 Stat of the day
🤣 Meme of the day
That concludes our update for today!
We appreciate you joining us for the latest news. We aim to provide the best-in-class insights and highlights that keep you well-informed and ready.
Remember to join us on Telegram and Twitter for additional updates and giveaways. Until then, see you next time!
Disclaimer: None of the content shared in the newsletter is financial advice. Always do your own research and analysis before investing.
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