Pump.fun Trader Creates 18,000 Meme Coins, Nets $3.76M

Hodl Topic, January 31st, 2025

www.hodltopic.com 

🔥Heat Map:

🌍 Daily Crypto Market Overview

Global Stats:

• Cryptocurrencies: 10.41M+

• Exchanges: 780

• Market Cap: $3.54T (+2.43%)

• 24h Volume: $124.88B (+7.50%)

• Bitcoin Dominance: 58.6%

• Ethereum Dominance: 10.8%

• ETH Gas Price: 1.89 Gwei

• Fear & Greed Index: 54 (Neutral)

🪙 Top 5 Cryptocurrencies by Market Cap:

🚀 Trending on DexScan:

1. ICE/SOL – $0.0008281 (+660%)

2. XYZ/SOL – $0.003551 (+615%)

3. jellyjelly/SOL – $0.1918 (+9999%+)

4. REXIE/SOL – $0.001005 (+4068%)

5. PUMP/SOL – $0.0002436 (+95.65%)

FROM OUR FRIENDS @ BYBIT

Sign up for a Bybit account and claim exclusive rewards from the Bybit referral program! Plus, claim up to $6,045 USDT bonus at https://www.bybit.com/invite?ref=Y5RNP7 or click the image below.

💹 Market Highlights:

• Total DeFi Volume: $8.06B (6.45% of total market volume)

• Stablecoins Volume: $113.47B (90.87% of total market volume)

• Coin with Highest % Change: ALPHA (+43.26%)

📈 Preview On Today’s News:

1. - Pump.fun Trader Creates 18,000 Meme Coins, Nets $3.76M

2. - Crypto PACs Ramp Up Influence for 2026 US Midterms

3. - Czech Republic’s Central Bank Explores Bitcoin as a Reserve Asset

Keep reading below for more!

Today’s News:

1)

Pump.fun Trader Creates 18,000 Meme Coins, Nets $3.76M

A crypto trader utilizing Pump.fun has reportedly minted nearly 18,000 meme coins, accumulating $3.76 million in profits. Blockchain data reveals the user launched an average of 12 tokens per hour for months, sparking speculation about the use of automated systems. Despite mass-producing tokens, only 2,186 remain active, with most abandoned after quick price pumps and exits. Crypto researcher Conor Grogan identified the activity, noting a 55.57% win rate. The platform itself has faced controversy, with past scams involving fake coins promoted through hacked celebrity accounts, leading to concerns about market manipulation.

• A Pump.fun user created nearly 18,000 meme coins, earning $3.76 million through rapid launches, price pumps, and quick exits.

• Pump.fun has been involved in past controversies, including scams using hacked celebrity accounts to promote fake tokens, raising concerns about manipulation.

2)

Crypto PACs Ramp Up Influence for 2026 US Midterms

Fairshake, a political action committee (PAC) that played a major role in supporting pro-crypto candidates in the 2024 US elections, has amassed over $116 million to influence the 2026 midterms. The PAC recently added $11 million in new contributions from undisclosed sources, with past donors including Ripple Labs, Coinbase, Andreessen Horowitz, and Jump Crypto. In the 2024 elections, Fairshake spent approximately $131 million, backing many winning candidates. As the Republican Party now holds a majority in both the House and Senate, crypto-backed political funding could further shape US regulatory policies leading into 2026.

• Fairshake PAC has secured over $116 million to support pro-crypto candidates in the 2026 US midterms, with past contributions from major crypto firms.

• With Republicans controlling both chambers of Congress, Fairshake's financial influence may play a key role in shaping future US crypto regulations.

3)

Czech Republic’s Central Bank Explores Bitcoin as a Reserve Asset

The Czech National Bank (CNB) has officially approved a proposal to evaluate Bitcoin as a potential reserve asset, marking a significant step in its ongoing diversification strategy. Over the past two years, the central bank has been reassessing its reserve management approach, and this latest initiative reflects the growing global interest in Bitcoin as a hedge. Governor Alex Michl has submitted a plan suggesting an allocation of up to 5% of the CNB’s $146 billion reserves to Bitcoin, though no immediate changes will occur until a thorough analysis is conducted.

• The Czech National Bank has approved a proposal to assess Bitcoin as part of its reserve assets, aligning with its diversification strategy.

• Governor Alex Michl has suggested allocating up to 5% of the CNB’s $146 billion reserves to Bitcoin, pending further analysis.

4)

Sam Bankman-Fried’s Parents Seek Trump Pardon Amid FTX Fallout

Stanford Law School professors Joseph Bankman and Barbara Fried are reportedly seeking a presidential pardon for their son, Sam Bankman-Fried, from Donald Trump. Bankman-Fried, the convicted founder of the collapsed FTX exchange, was sentenced to 25 years in prison for defrauding investors and misappropriating $8 billion in customer assets. His parents have engaged with legal figures close to Trump to explore clemency options. Since taking office, Trump has pardoned other high-profile crypto figures, such as Silk Road founder Ross Ulbricht, sparking a surge in pardon requests from white-collar crypto criminals.

• Sam Bankman-Fried’s parents are lobbying for a presidential pardon for their son, who was sentenced to 25 years for fraud tied to FTX’s $8 billion collapse.

• Trump's past pardons of crypto-related figures have triggered a wave of pardon requests, with legal experts reporting increased interest from convicted white-collar defendants.

5)

ECB President Rejects Bitcoin as Central Bank Reserve Asset

European Central Bank (ECB) President Christine Lagarde expressed confidence that Bitcoin will not be included in central bank reserves, citing concerns over its liquidity, security, and safety. The statement came after Czech National Bank Governor Aleš Michl suggested Bitcoin as a diversification option for reserves, though the bank's board did not specifically mention Bitcoin in its exploration of new asset types. Lagarde’s remarks follow U.S. President Donald Trump’s executive order investigating digital asset regulations, which has spurred several U.S. states and other countries to consider Bitcoin reserves. Despite this, Lagarde maintains that traditional reserves are better suited for central banks.

• ECB President Christine Lagarde dismissed the idea of Bitcoin as a central bank reserve asset, emphasizing its lack of liquidity, security, and safety.

• Her comments follow suggestions from Czech and U.S. officials to explore Bitcoin reserves, yet Lagarde upholds the necessity of traditional reserve assets for central banks.

6)

Grayscale Files for Spot XRP ETF Amid U.S. Crypto Policy Shift 

Grayscale has officially filed for a Spot XRP ETF with the New York Stock Exchange (NYSE), joining five other asset managers, including Bitwise and WisdomTree, in seeking SEC approval. This move comes as the U.S. crypto landscape experiences a significant policy shift under the new pro-crypto administration. The SEC, now led by Mark Uyeda following Gary Gensler’s resignation, has shown a more favorable stance toward crypto-based ETFs. Grayscale’s XRP Trust has already surged 300% in early 2025 on speculation of an ETF approval, signaling strong market interest. This development follows the approval of Bitcoin and Ethereum ETFs, with hopes that more altcoins will gain similar investment vehicles.

• Grayscale has filed for a Spot XRP ETF with the NYSE, reflecting a shift in U.S. crypto policy under new SEC leadership.

• The firm’s XRP Trust surged 300% in early 2025, highlighting market enthusiasm as investors anticipate more crypto ETF approvals.

7)

Gary Gensler Returns to MIT, Focuses on AI and Finance

Former SEC Chair Gary Gensler has rejoined MIT to co-direct the FinTech AI program, collaborating with Professor Andrew W. Lo and Nobel laureate Simon Johnson to explore AI’s role in finance and economic policy. His return shifts him from direct regulation to an academic role, influencing financial technology research and policy discussions. However, his appointment has sparked criticism from some in the crypto community, with industry leaders questioning the value he brings to students and financial innovation at MIT.

• Gensler will co-direct the FinTech AI program at MIT, focusing on AI's impact on finance and teaching economic courses alongside top academics.

• Some crypto leaders have criticized his appointment, arguing that his past enforcement-heavy regulatory approach may not align with fostering financial innovation at MIT.

8)

Apollo Global Management Launches Tokenized Private Credit Fund

Apollo Global Management has partnered with Securitize to introduce the Apollo Diversified Credit Securitize Fund (ACRED), a tokenized version of its private credit fund. This initiative aims to enhance liquidity and accessibility in the private credit market by leveraging blockchain networks, including Solana, Ethereum, Avalanche, Polygon, and Aptos. The fund has delivered an annualized return of over 11% in the past year, though access remains limited to qualified investors. With private credit representing a growing share of tokenized real-world assets (RWAs), the sector is expected to reach $2.8 trillion by 2028. Apollo’s move could accelerate broader adoption of blockchain-based financial products and increase secondary market liquidity for alternative assets.

• Apollo’s new fund tokenizes its private credit portfolio to increase liquidity and accessibility using blockchain networks like Solana and Ethereum.

• The private credit market is projected to grow significantly, with tokenized RWAs representing a multi-trillion-dollar opportunity in financial markets.

9)

Norway’s Wealth Fund Expands Bitcoin Exposure with $356.7M Investment

Norway’s sovereign wealth fund, Norges Bank Investment Management (NBIM), has significantly increased its indirect Bitcoin holdings, now valued at $356.7 million. Research by K33 projects that NBIM’s Bitcoin reserves will reach 3,821 BTC by the end of 2024, marking a 153% surge from 2023. In addition to Bitcoin, NBIM maintains stakes in crypto-related firms like MicroStrategy, Tesla, Coinbase, and MARA Holdings, aligning its investment strategy with the evolving digital asset landscape. The fund, fueled by Norway’s oil and gas revenues, is on track to report a record $222.4 billion annual profit, driven largely by advancements in AI technology.

• NBIM’s Bitcoin holdings are set to increase 153% by the end of 2024, reflecting its growing exposure to cryptocurrency markets.

• The fund’s broader portfolio includes investments in crypto-related firms, reinforcing its strategic focus on digital assets and AI-driven financial growth.

10)

MicroStrategy’s Bitcoin Bet Faces Market Pressure Amid Price Volatility

MicroStrategy, the largest corporate holder of Bitcoin, is under increasing scrutiny as analysts warn of a potential Bitcoin price drop that could test the company's aggressive accumulation strategy. With an average purchase price of $68,000 per BTC, a significant decline—potentially down to the low $70,000s—would put its holdings near breakeven, challenging CEO Michael Saylor's long-term bullish stance. Despite these concerns, MicroStrategy recently expanded its Bitcoin holdings with a $1.1 billion purchase, bringing its total to 471,107 BTC. The firm also announced a preferred stock offering to raise more capital for further Bitcoin acquisitions, reinforcing its unwavering commitment to the digital asset despite market volatility.

• Analysts warn that a potential Bitcoin price drop could put MicroStrategy’s holdings near breakeven, testing the viability of its aggressive accumulation strategy.

• MicroStrategy remains committed to Bitcoin, purchasing an additional $1.1 billion worth and planning a stock offering to finance further acquisitions.