TRUMP Memecoin Soars to $40 Billion Valuation

GM Defiers!

Crypto markets had a volatile weekend ahead of Donald Trump’s inauguration as the 47th U.S. President, with major tokens like BTC, ETH, and SOL swinging between gains and losses.

All eyes were on Trump’s ‘official’ memecoin, which the President-elect promoted on social media, sending it soaring to an eyewatering $70 billion valuation over the weekend.

✍️ In today’s newsletter:

• Trump’s official memecoin becomes third-largest behind DOGE and SHIB
• Ethereum’s next hard fork is set for March
• Tether launches cross-chain USDT0 on Kraken’s Ink Layer 2
• AGIXT AI token surges to 100M market cap within hours of launching
• Abstract unveils incentives program
• Base targets $100B TVL and 25M users this year

📈 Markets in the last 24 hrs:

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🚀Trump’s ‘Official’ Memecoin Skyrockets to $24 Billion Valuation Within Hours

The trenches were buzzing on Friday night as traders piled into TRUMP, a new memecoin launched by U.S. President-elect Donald Trump. The token is currently trading at a fully diluted valuation of $40 billion, making it the second-most valuable memecoin behind DOGE by that metric.

⚙️Ethereum Pectra Network Upgrade to Go Live in March

Ethereum’s next high-profile network upgrade, codenamed Pectra, will likely go live in March if hard forks on its test networks go as planned, according to a Jan. 16 Execution Layer Meeting for its core developers.

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⛓️Tether Launches Cross-Chain Stablecoin USDT0

Tether has launched USDT0, a token that enables users and developers across blockchains that do not support USDT to gain exposure to the stablecoin. It leverages Layerzero’s Omnichain Fungible Token (OFT) standard.

🤖AGIXT Token Surges to $100 Million Market Cap Hours From Launch

AGIXT launched on PumpFun on Jan. 16 and surged 1,300x from its bonding curve price of $75,000 to a $100 million valuation within 5 hours. The token skyrocketed after traders perused the developer’s Github, which solidified the legitimacy of AGIXT’s codebase.

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Web3 is often fragmented, with users struggling to manage multiple blockchains, wallets, and bridges. Okto is addressing this by adopting ERC-7683, a proposed Ethereum standard that simplifies cross-chain interactions. Instead of dealing with complex processes, users can express their goals—like swapping tokens—in a single message. Specialized "fillers" then handle the technical details, executing these tasks across chains. This reduces confusion, lowers costs, and improves efficiency. Okto is integrating ERC-7683 into its platform to create a more unified and decentralized Web3. Although still in draft status, ERC-7683 has gained support from major protocols like Across Protocol, Uniswap Labs, and Polygon Labs, aiming to make cross-chain transactions as seamless as browsing the internet.

Read More: Okto is building ERC-7683 on Solana: Way for a Unified Web3 Future

🐧Ethereum Layer 2 Abstract Announces Incentives Program

Abstract, the Ethereum Layer 2 built by the parent company of Pudgy Penguins, is set to unveil its public mainnet before the end of January, and users who want to be rewarded for their time spent on the chain will be guided by Abstract’s XP incentives program.

🎯Base Eyes $100B in Assets and 25M Users On-Chain in 2025

Coinbase’s Ethereum Layer 2 wants to reach $100 billion in on-chain assets by the end of the year. It currently has $3.8 billion in total value locked (TVL). Base is also aiming for 25 million users by the end of the year.

🌍 ELSEWHERE

• Trump-Linked Crypto Platform Throws Over $100M on WBTC, ETH, Other Tokens Ahead of Inauguration (Coindesk)
• Bitcoin Retreats From Record High as Trump Sworn In as President (Bloomberg)
• Circle CEO expects imminent US executive orders to widen crypto (Reuters)

🔥TRENDING

• Trump’s ‘Official’ Memecoin Skyrockets to $24 Billion Valuation Within Hours
• Base Eyes $100B in Assets and 25M Users On-Chain in 2025
• Ethereum Layer 2 Abstract Announces Incentives Program
• Ethereum Pectra Network Upgrade to Go Live in March
• AGIXT Token Surges to $100 Million Market Cap Hours From Launch
• Tether Launches Cross-Chain Stablecoin USDT0