Data reveals that 99.6% of Pump.fun traders have not surpassed $10,000 in realized profits, with only 55,296 wallets achieving this milestone among over 13.55 million. High-profit traders are scarce, with just 293 wallets exceeding $1 million. Analysts suggest that the actual number of profitable wallets may be higher due to unaccounted unrealized profits and incomplete calculations. Despite these challenges, Pump.fun has generated nearly $400 million in revenue by facilitating liquidity for memecoins.
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January 10, 2025 | 00:52
January 10, 2025 | 00:52CryptoMarket Report
January 9, 2025 | 04:22
January 9, 2025 | 04:22News from ARM
Generated 7 posts last week Heather Morgan Releases Music Video Before Prison Sentence for Crypto Laundering
Heather Morgan, known as Razzlekhan, has released a new music video titled “Razzlekhan vs. The United States” before her 18-month prison sentence for laundering funds linked to the Bitfinex hack. The video contrasts her courtroom remorse with her bold Razzlekhan persona, featuring provocative lyrics and visuals. Despite her impending incarceration, Morgan aims to inspire misfits and creatives through her music, while facing federal restrictions on her computer usage post-sentencing.
read moreBitcoin and Ethereum Options Expiry Triggers Market Volatility and Declines
A total of 19,300 Bitcoin options contracts worth $1.8 billion are set to expire today, amid a continued decline in crypto markets. The put/call ratio stands at 0.65, with significant open interest at the $120,000 strike price. Additionally, 140,000 Ethereum options contracts valued at $455 million are expiring, contributing to a combined total of $2.2 billion. The ongoing market correction has seen Bitcoin drop to an intraday low of $91,250, reflecting a 9% loss since its peak on January 7.
read moreCoinbase Subpoenaed by CFTC in Polymarket Investigation Amid Regulatory Scrutiny
The CFTC has subpoenaed Coinbase for customer information related to the crypto prediction platform Polymarket, following an FBI raid on Polymarket CEO Shayne Coplan’s home. Coinbase indicated it would comply unless legal action is taken by January 15, 2025. This scrutiny comes amid ongoing regulatory challenges for Polymarket, including a previous $1.4 million settlement with the CFTC and investigations into its compliance with gambling laws.
read moreMovement Labs Raises 100 Million Dollars Valued at 3 Billion Dollars
Movement Labs has secured a $100 million venture capital round, achieving a valuation of $3 billion, positioning it among blockchain unicorns. The company recently launched its Ethereum Layer-2 mainnet and introduced the MOVE token, which facilitates faster transaction settlements through a mechanism called “postconfirmations,” reducing confirmation times to under one second. Utilizing the Move programming language, Movement Labs aims to enhance transaction throughput while maintaining security on Ethereum.
read moreRipple’s RLUSD Stablecoin Expands Exchange Listings and Market Presence
Ripple’s RLUSD stablecoin is set to expand its presence on major cryptocurrency exchanges, with new listings expected imminently, according to President Monica Long. Currently holding a market cap of $71.8 million, RLUSD is primarily traded on Bullish, which accounts for over 76% of its volume. Ripple’s payments business has doubled in size, driving demand for RLUSD, while a partnership with Chainlink aims to enhance its utility through accurate price feeds. Additionally, an XRP exchange-traded fund (ETF) may receive approval soon, with several applications already submitted to the U.S. Securities and Exchange Commission [SEC](https://www.sec.gov).
read moreCrypto Bets Surge on Elon Musk’s Future in Trump Administration
Crypto gamblers are betting on Elon Musk’s potential removal from the Trump administration, with Polymarket indicating only a 6% chance of him remaining in his role. Meanwhile, RFK Jr. leads predictions for a position in the administration at 97%.Musk’s political influence has notably affected cryptocurrency markets, with Dogecoin surging 25% post-Trump’s election. Current speculation about his role has introduced volatility, while Bitcoin is nearing $102,000, with predictions suggesting it could rise to $119,709 by February 2025 under Musk’s leadership.
read moreCrypto Market Approaching Peak with Predictions for 2025
The cryptocurrency market is showing signs of nearing its peak, with expectations for a bull market peak between Q1 and Q2 of 2025, according to CryptoQuant. Increased investment activity and a rise in short-term Bitcoin holdings suggest the market is in its later stages, prompting analysts to advise caution. While some forecasts remain optimistic, projecting Bitcoin at $180,000 and Ethereum over $6,000 by the end of 2025, risk management is emphasized as the market transitions.
read moreInsider Wallets Profit 20 Million from Focai Memecoin Launch on Solana
Insider wallets on the Solana blockchain profited $20 million during the Focai memecoin launch, acquiring 60.5% of the token supply. While the token’s market cap peaked at $46 million, it later dropped to $39.6 million, raising concerns about market fairness and decentralization. Most traders on the Pump.fun platform faced losses, with only a few wallets achieving significant profits.
read morePhishing Scams Cause Over 1 Billion Dollar Loss in Cryptocurrency in 2024
Phishing scams became the leading security threat in the cryptocurrency sector in 2024, resulting in over $1 billion in losses across 296 incidents, as reported by CertiK. Private key theft also posed significant risks, with hackers stealing more than $855 million in 65 cases. Despite a 52% decline in total crypto theft compared to 2022, the industry faces evolving threats, prompting ongoing efforts to enhance security measures.
read morePump.fun Revenue Reaches 398 Million Amid Memecoin Market Decline
Pump.fun has generated over $398 million in revenue, earning 2,016,391 SOL tokens, making it a leading player in the Solana ecosystem. Despite facing operational challenges, including a significant revenue drop due to harmful content and regulatory scrutiny from the UK FCA, the platform has maintained steady daily revenue as users continue to create meme-based tokens. Meanwhile, the overall memecoin market saw a decline of $40 billion, reflecting its volatile nature.
read moreChina Tightens Forex Rules to Combat Crypto Trading and Activities
China has implemented stringent foreign exchange regulations to monitor and restrict crypto trading, requiring banks to identify and scrutinize individuals and institutions involved in such transactions. Enhanced penalties for using yuan to purchase crypto now classify these activities as cross-border financial transactions, complicating efforts to circumvent restrictions.Despite its anti-crypto stance, China holds approximately $18 billion in Bitcoin, acquired through asset seizures linked to illegal activities. These measures reflect the government’s ongoing commitment to limiting cryptocurrency use while maintaining significant digital asset reserves.
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