Eric Trump Token Skyrockets 6,200% – Is a Solana Rug Pull Next As Eric Trump's name becomes the latest pawn in the meme coin casino, the true story may not be about this particular token's inevitable collapse, but rather how these high-profile political name exploitations are creating a dangerous new intersection between crypto speculation and political tribalism, where blind loyalty to public figures is weaponized into financial self-destruction. Key Takeaways :- * Over 80% of ERICTRUMP supply is concentrated in just 10 wallets, indicating a high risk of insider manipulation. * The wallet behind this token has launched multiple failed Eric Trump-themed coins before. * Analysts urge extreme caution as evidence points to a possible orchestrated exit scam typical of recent Solana-based meme coin pump-and-dumps. A meme coin using the name of Eric Trump has surged over 6,200% in 24 hours, triggering warnings from blockchain analysts about a potential rug pull.
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Strategy Scoops 13,390 Bitcoin in $1.34B Blitz – Tariff Truce Sparks Volatility Strategy has acquired nearly 14,000 Bitcoin in its latest buy-up of the cryptocurrency, trusting Michael Saylor’s vision even as prices flicker after the tariff truce. The purchase, which was announced by Saylor on Monday, pushes Strategy’s stash past half a million coins, daring regulators and markets alike. Strategy Continues Dramatic Bitcoin Acquisition According to a May 12 filing with the United States Securities and Exchange Commission (SEC), the Virginia-based software firm purchased 13,390 Bitcoin at $99,856 per coin for a total of $1.34 billion. The company currently holds 568,840 $BTC acquired for $39.41 billion at $69,287 per Bitcoin, a May 12 X post from Saylor states. Strategy has long been known for its controversial Bitcoin acquisition strategy, with Saylor launching the organization’s Bitcoin buy-up back in 2020.
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Cats vs Dogs Meme Coins: Do Cats Take Over? Key Takeaways: * Cat and dog meme coins had nearly identical lifespans and survival rates. * In Q1 2025, cat coins outperformed dog coins. In early May, both camps rebounded, but cats still led in total gains. * Dog-themed coins showed stronger internal price correlation. Cat coins were less coordinated. The meme coin market has really branched out in recent years. Back when Dogecoin (DOGE) reigned supreme, anything with a barking mascot was front and center. But things have shifted. Now the dog pack has a rival: cat meme coins, led by Popcat (POPCAT). The Cryptonews team dug into the numbers to find out who’s ahead in the cat-versus-dog rivalry. We analyzed the full universe of cat and dog meme coins, tracking their launch trends, lifespans, ROI, and overall performance, before zooming in on how they performed in Q1 2025.
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