This report highlights the key trends and major events in the crypto market for January 2025. By sharing these updates, MEXC aims to provide the community with valuable insights into the industry, helping everyone better understand market dynamics and identify growth opportunities.
Key Events of the Month
Trump Family Launches Crypto Tokens
Just three days before his inauguration as U.S. President, Donald Trump announced the launch of his crypto token, $TRUMP, on the Solana blockchain, quickly making waves in the crypto market. According to CoinGecko, the token opened at $0.1824 and surged by over 15,000% within just 12 hours, reaching $30. It then climbed further to $75.35, marking an astonishing 41,200% increase and pushing its fully diluted valuation (FDV) close to $80 billion.
MEXC is the first CEX to list $TRUMP, Data from ChainCatcher indicates that MEXC $TRUMP’s spot trading volume at $141.86 million, and its futures trading volume at $179.34 million. Both spot and futures trading volumes ranked first in the CEX market.
Subsequently, Melania Trump, the First Lady, introduced her meme coin, $MELANIA. The new token quickly captured significant market attention, with $MELANIA’s FDV peaking at $13 billion within hours of its launch. Its trading volume soared to $18.2 billion. According to CoinMarketCap, as of January 20, MEXC holds the top position in $MELANIA CEX spot trading volume, reinforcing its prominence in the crypto trading sector.
The launch of $TRUMP and $MELANIA by the Trump family not only underscores the influence of political figures in the crypto market but also injects fresh energy into the space. However, as with any celebrity-backed meme coin, these tokens can be highly volatile and are often driven more by market sentiment and trends than by practical utility. Investors should be cautious of the risks involved and carefully evaluate their decisions in such speculative markets.
Bitcoin at $109,241 Hits All-Time High
Bitcoin (BTC) reached a historic all-time high of $109,241, up 5.5%. Throughout the month, the price experienced significant volatility. On Inauguration Day, the launch of the $MELANIA token briefly pushed Bitcoin below $90,000. However, just hours before the ceremony, BTC surged to a new ATH of $109,241.
Currently, MEXC has launched a major celebratory trading event titled “Buy BTC for $1” to commemorate Bitcoin’s continued market dominance. The event also features a massive prize pool of 350,000 USDT. For more details about the event, please visit the Buy BTC for $1 official event page.
Solana (SOL) Hits New ATH of $295
On January 20, Solana’s price surged to $295.88, and its total locked value surpassed $11.37 billion, both setting new records, according to DeFiLlama. The launch of the $TRUMP token played a significant role in this growth, driving increased attention and activity within the Solana ecosystem.
World Liberty Increases Crypto Holdings by Over $51.7 Million
On January 20, World Liberty Financial (WLFi), the Trump family fund, made a significant move by purchasing a variety of cryptocurrencies worth over $51.7 million, according to ARKHAM data. The assets acquired included $4.7 million in LINK, $4.7 million in AAVE, $4.7 million in TRX, $4.7 million in ENA, $14.1 million in WBTC, and $18.8 million in ETH.
The significant increase in holdings by World Liberty Financial reflects the Trump family’s confidence in the future of cryptocurrencies, especially within the DeFi space.
Trump Signs Executive Order on Digital Assets
U.S. President Donald Trump signed an executive order to strengthen America’s leadership in digital financial technologies, establishing a cryptocurrency task force. The task force will propose new regulations for digital assets, explore the creation of a cryptocurrency reserve, and prevent central bank digital currencies from competing with existing cryptocurrencies.
This move emphasizes the U.S. government’s commitment to the crypto sector, providing clearer regulatory guidance that could enhance market stability and reduce uncertainty for traders.
About MEXC
Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto.” Serving over 30 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, frequent airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.
Risk Disclaimer The information provided in this report about cryptocurrencies does not represent MEXC’s official stance or investment advice. Given the highly volatile nature of the cryptocurrency market, investors are encouraged to carefully evaluate market fluctuations, project fundamentals, and potential financial risks before making any trading decisions.
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