Presidents launching Solana Memecoins wasn’t on most people’s 2025 Bingo card, but here we are!
The last month saw SOL trading volume drop sharply, following various attempts at country related memecoins. Leaders hoping to monetize their influence through tokens makes for great headelines, but was this a violation of the principles of fair play crypto was intended to uphold, or the inevitable result of what the technology has made possible? We’ll leave that up to you.
As usual however, Web3’s buidl-ers have continued to work as they always have, many of which were in attendance at the highly anticipated ETHDenver 2025. Did we see you there?
Following the launch of $TRUMP, politicians around the globe have launched memecoins of their own to largely negative reactions from the general public. More insidious, organizations have teamed up with market makers to offer insiders early access to these launches.
Also implicated in Javier Millei’s controversial memecoin launch, Hayden Davis has become infamous nearly overnight for allegedly being the one to launch $LIBRA. But the drama doesn’t stop there, as he has now come out to tell the world that insiders had access to both $LIBRA and $TRUMP before launch.
The crypto market is once again attracting massive attention from the public—although not the kind of attention the industry wants to get.
https://www.msn.com/en-us/crime/general/hayden-davis-exposes-trump-and-melania-for-crypto-insider-trading-alongside-other-crimes/ar-AA1zcCrJ?ocid=BingNewsVerp
https://x.com/OPRArgentina/status/1890937875677495542
In other controversial news, reports claim that Heyi is connected to a sister group allegedly responsible for launching multiple scheme-based projects. In response, Heyi hosted a marathon 4-hour X space, openly discussing the allegations and inviting representatives from all implicated projects to speak directly. The approach was surprisingly well-received, with many praising the transparency. Inspired by its success, other projects facing scrutiny are now considering similar public forums to rebuild trust and reshape their image.
Dovey "Rug The CNY" Wan🪐 on Twitter / X
After over 2 years, FTX has begun its repayment process for users who held less than $50k in their accounts. Around $16 Billion will be repaid over the next few months, but those who had incomplete KYC’s still seem to be out of luck.
https://thehill.com/policy/technology/5171305-white-house-to-host-first-crypto-summit/
