Top tokens in the Solana ecosystem continued their bullish trend this week as sentiment in the crypto industry improved. Solana (SOL) price jumped for four straight days, reaching a high of $155, its highest level since March 3. It has…

Here’s why Dogwifhat, Jupiter, Zerebro, Popcat coins are going up

CEO and founder Jack Mallers revealed the numbers on Friday when he posted a 
copy of a private letter previously sent to the company’s investors. Strike&#8217;s 
Growth Exploded 600% Last Year Perhaps the reason Jack Mallers was picked to 
lead Twenty One Capital, the new bitcoin treasury firm backed by stablecoin 
giant Tether and Japanese […]

Bitcoin Payments Firm Strike Grew 600% in 2024

Though the identities of many of the top holders of US President Donald 
Trump&#8217;s memecoin were still unknown, blockchain data showed significant 
outflows over the past seven days &#8212; during which time he announced a dinner 
and White House tour for certain tokenholders.
According to data from blockchain analytics firm Nansen as of April 25, the 
TRUMP memecoin had seen more than $869 million in outflows in the last seven 
days compared to roughly $96 million in inflows among the top 500 changes. 
Some of the changes followed Trump announcing that the top 220 TRUMP holders 
could apply to meet him at a golf club dinner in Washington, DC, with fewer 
opportunities for a White House tour.
&#8220;It&#8217;s clear that more people took the opportunity to offload their Trump 
tokens than new buyers came in,&#8221; said Nansen. &#8220;There still appears to be some 
interest &#8212; either A) to secure the dinner ticket, or B) to capitalize on 
price volatility. As a result, a few new wallets have entered the top 250 
holders, while some previous holders seem to have taken the opportunity to 
exit their positions.&#8221;
_Top TRUMP memecoin holders as of April 25. Source: TRUMP token_
Launched in January before Trump took office, his memecoin, and that of his 
wife, Melania, have seen criticism from US lawmakers and leaders in the crypto 
industry for potential conflicts of interest. At the time of publication, the 
identity of many of the top tokenholders and those who might apply to attend 
the dinner were unknown.
## Who is investing in Trump&#8217;s memecoin?
As of April 25, the top tokenholder had 1,176,803 TRUMP memecoins worth 
roughly $16 million at the time of publication. The wallet holder, under the 
username &#8220;Sun,&#8221; had led to speculation that Tron founder Justin Sun &#8212; a Trump 
supporter and investor in the Trump family-backed crypto firm World Liberty 
Financial &#8212; could be among the dinner attendees. Cointelegraph reached out to 
Sun&#8217;s team for comment but had not received a response at the time of 
publication.
_**Related:**__**Trump memecoin team denies $300K dinner requirement rumors**_
Other tokenholders included usernames like &#8220;elon&#8221; and &#8220;doge,&#8221; though it was 
unclear if Tesla CEO Elon Musk, also a Dogecoin (DOGE) advocate, was involved 
in the project. The team behind the TRUMP token controls 80% of the total 
supply, resulting in many critics suggesting the Trump or someone in his 
family could still rug-pull investors.
Before the 2024 election, Trump arranged a similar dinner at his Mar-a-Lago 
property in Florida with supporters who purchased non-fungible tokens 
depicting his mugshot during his arrest for allegedly attempting to subvert 
the results of the 2020 election. It&#8217;s unclear whether any of the same people 
who attended the May 2024 event are among the top TRUMP memecoin holders.
_**Magazine:**__**Trump &#8216;s crypto ventures raise conflict of interest, insider 
trading questions**_

Traders still offloading TRUMP holdings after dinner announcement — Nansen

North Korean cyber operatives reportedly established two fake U.S. businesses 
using false identities to bypass Treasury sanctions and target cryptocurrency 
developers with malware. Hackers Target Unsuspecting Job Applicants North 
Korean cyber operatives reportedly set up two fraudulent businesses in the 
United States, evading Treasury sanctions to infect cryptocurrency developers 
with malware. The entities, Blocknovas LLC […]

North Korean Cyber Operatives Set up Fake US Companies to Target Crypto Developers

Stripe, a global payments platform, is building a new US dollar stablecoin 
product for companies based outside the United States, the United Kingdom and 
Europe in a move that may further expand the footprint of the dollar around 
the world.
Stripe CEO Patrick Collison confirmed the product on X, posting an invitation 
for companies interested in testing the solution. The move gained traction 
after Stripe recently received regulatory approval to acquire the stablecoin 
payments network Bridge.
Bridge&#8217;s network competes with banks and companies that use the SWIFT system, 
a global financial messaging network that facilitates international wire 
transfers. Two former Coinbase executives, Zach Abrams and Sean Yu, co-founded 
the company in 2022.
_Source:__Patrick Collison_
 _**Related:**__**Former Square, Coinbase execs raise $58M for Bridge 
stablecoin network**_
## Stablecoin adoption grows in 2025
Stripe has a long-standing history with crypto, becoming the first major 
payments processor to integrate Bitcoin (BTC) in 2014. However, it 
discontinued support due to Bitcoin&#8217;s long transfer times and high transaction 
fees. The company began rebuilding its crypto team in 2021 as part of a 
renewed push into the space. 
Stripe has recently accelerated that push. In October 2024, the company 
introduced a stablecoin payment option, which users adopted in over 70 
countries on the first rollout day. In June that year, Stripe partnered with 
Coinbase to offer fiat-to-crypto conversions. Collison noted on X that 
Stripe&#8217;s latest crypto initiative is something the company has &#8220;wanted to 
build for around a decade.&#8221;
Stablecoins are cryptocurrencies designed to maintain a stable value by being 
pegged to assets like fiat currencies. In the United States, USD-backed 
stablecoins have increasingly gained attention at the federal level, with 
figures like US Federal Reserve Chair Jerome Powell calling for dedicated 
legislation. PayPal launched its own stablecoin in 2023 and recently announced 
that it would begin offering yield to holders of its token.
As of April 25, the stablecoin market cap stands at $237.5 billion, according 
to DefiLlama.
_**Magazine: Bitcoin payments are being undermined by centralized 
stablecoins**_

Stripe opens testing for new stablecoin product following Bridge acquisition

The price of SUI has been on a relentless upward trajectory, defying 
traditional market warnings as its Relative Strength Index (RSI) enters 
overbought territory. Typically, an overbought RSI suggests an asset may be 
due for a pullback, yet SUI continues to surge. With bullish momentum still 
strong, key factors such as rising demand, ecosystem developments, or broader 
market trends could be fueling this resilience. However, as the RSI hovers in 
overextended zones, the critical question remains: Can SUI sustain its rally, 
or is a reversal on the horizon? RSI Hits Extreme Levels As SUI Climbs Higher 
In a recent post on X, analyst GemXBT highlighted that the SUI chart continues 
to show a strong bullish structure, marked by consistently higher highs and 
higher lows, a classic signal of upward momentum. According to the chart, key 
support zones are holding firm around $2.80 and $3.00, providing a solid base 
for the price to build upon. Related Reading: SUI Forms Inverse Head And 
Shoulders – Can Bulls Break Above $2.52? Also, resistance is near the $3.60 
level, which could act as a critical barrier for the bulls to overcome. As 
long as the current structure remains intact and price respects these support 
zones, SUI’s upward trend may still have room to run, especially if it manages 
to break through the $3.60 resistance with strong volume. However, GemXBT also 
pointed out that the RSI is currently flashing overbought conditions, which 
typically signals that the asset may be nearing a short-term top. While the 
overall trend remains bullish, this indicator suggests that a potential 
pullback or period of consolidation could be on the horizon. The analyst added 
that although buying pressure remains strong and momentum is clearly in favor 
of the bulls, traders should proceed with caution. Overbought signals often 
precede cooling phases, especially if volume begins to taper off or price 
struggles to break above resistance. Watching The Pullback: Where Bulls Might 
Reload Analyst GemXBT identified the $3.00 and $2.80 levels as critical 
support areas to watch. These zones have acted as solid demand regions in the 
past and may once again serve as springboards if prices dip from current 
highs. A controlled pullback into these levels, especially if accompanied by 
decreasing volume, would suggest profit-taking rather than panic selling—a 
positive sign for bulls aiming to push higher. Related Reading: SUI Poised For 
Price Rally? Ascending Channel Suggests Move Toward $2.50 If buying pressure 
returns around these support zones and the price structure of higher highs and 
higher lows remains intact, SUI could be setting up for a renewed breakout. 
The next major hurdle remains near $3.60, and reclaiming that level would open 
the door for a broader upside run. Featured image from Medium, chart from 
Tradingview.com