Cryptocurrencies started this week with massive volatility that propelled Bitcoin to new all-time highs.
The Trump family contributed to the developments as they officially joined the meme tokens space on Monday.
However, the new themed tokens have slumped over the past day, losing up to 65% of their value.
Such trends have attracted discussions of utility over hype, and iDEGEN appears as the option as it combines virility and unique use cases.
iDEGEN is an AI-centered crypto project that went viral over the past weeks due to its inimitability.
It has witnessed massive commitment from savvy investors, with IDGN ICO raising nearly $17.5 million (so far).
Let’s assess why iDEGEN might be perfect for individuals searching for lucrative long-term gems.
Trump family tokens slump
TRUMP (Official Trump) dominated crypto trends on Monday following explosive surges to ATHs above $70.
While many expected the alt to hit $100 amidst the inauguration, massive bearishness emerged hours before the ceremony.
TRUMP began plummeting after Trump’s wife launched her MELANIA meme token.
The former trades at $36.80 after dropping nearly 40% of its value within the past day.
MELANIA joined the bloodbath, sliding from yesterday’s peak above $13 to $4.08 at press time.
The altcoin remains poised for extended losses or consolidation unless massive catalysts emerge.
However, prevailing trends suggest faded interest in the latest PolitiFi coins.
The crypto community has criticized the president’s family after the ‘rug pulls.”
While analysts believe the inauguration doesn’t determine cryptos’ future, whales have reduced their meme exposure after the ceremony.
On-chain analytics platforms have highlighted two large-scale investors and their TRUMP transactions.
Whale Alert shows one investor moved TRUMP worth over $67.39 million (1.621,351 tokens).
🚨 🚨 🚨 1,621,351 #TRUMP (67,392,467 USD) transferred from unknown wallet to unknown wallet
whale-alert.io/transaction/so…
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The transfer happened after the president’s speech, signaling an imminent dump.
Also, another player sold TRUMP coins worth about $6.83 million, 194,799 assets after Trump’s oath.
Notably, the investor lost $2.55M after the transaction.
The prevailing bearish wave could intensify large-scale selloffs, triggering more crashes for Trump-linked memes.
iDEGEN: The unstoppable meme coin
While new themed tokens fail to keep pace, iDEGEN continues to flex its muscles.
The project uses AI to learn from Crypto Twitter and post on X every hour.
However, its wild comments on the social site—ranging from philosophy to conspiracies— have resulted in bans as well.
Meanwhile, that didn’t stop the IDGN community as investors continued to pour money into the project.
X lifted the ban yesterday, which iDEGEN cheered, stating that even massive firms such as BlackRock can’t stop it.
The AI experiment seems unavoidable since it’s everywhere.
Besides the hype, IDGN’s roadmap highlights notable volatility, cementing the project’s long-term presence in the crypto world.
IDGN trades at $0.038 and early adopters have netted over 10,900% in profits.
With its current momentum, iDEGEN looks to revolutionize the meme crypto world after its exchange debut on 27 February.
You can visit IDGN’s official website for more details.
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