Bitcoin is currently priced at $101,835.68, down 0.05% in the past 24 hours, while Ethereum trades at $3,117.99, down 2.22%. The Fear and Greed Index remained at 72, indicating a bullish market sentiment. The cryptocurrency market is experiencing dynamic shifts as influential entities make significant moves on January 29. Trump-backed World Liberty Financial invests $2M in MOVE tokens, Bitwise takes steps toward a Dogecoin ETF with the SEC, and Solana’s Meteora decentralized exchange achieves record-breaking trading volumes at $33B. These developments highlight the growing institutional interest and rapid evolution within the crypto ecosystem, setting the stage for a transformative period in digital finance.
What’s Trending in the Crypto Community?
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World Liberty Financial, a decentralized finance (DeFi) platform supported by the Trump family, acquired approximately $2 million in MOVE tokens on Tuesday January 28, 2025.
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MOVE Spikes 15% in Rumored Collaboration with D.O.G.E
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Bitwise Files for Dogecoin ETF with the SEC
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Solana’s Meteora DEX Achieves $33 Billion in Trading Volume
Read more: Donald Trump Backed WLFI Acquires $12 Million in Ethereum, Chainlink, and Aave
Crypto Fear & Greed Index | Source: Alternative.me
Trending Tokens of the Day
Top 24-Hour Performers
World Liberty Financial Invests $2 Million in MOVE Tokens, MOVE Spikes 15% in Rumored Collaboration with DOGE
MOVE 24-Hour Price Chart. Source: BeInCrypto
World Liberty Financial, a decentralized finance (DeFi) platform supported by the Trump family, acquired approximately $2 million in MOVE tokens on Tuesday. This investment positions MOVE as World Liberty’s tenth-largest holding. The purchase coincided with Movement Labs launching a new developer program and community funding initiative.
Movement Labs is in talks with the Department of Government Efficiency (D.O.G.E), a newly formed entity for a possible collaboration into blockchain usage, according to sources cited by DB newswire. MOVE, launched as an ERC-20 token with a total supply cap of 10 billion, increased by nearly 15% on the day of the purchase.
Rushi Manche, founder of Movement Labs, addressed the acquisition on X. “We want to clarify that nothing from the Movement Labs offices or growth team have crossed DOGE's desks. All crypto is very early stage across the board and policy is still an ongoing discussion throughout the entire administration,” Manche stated. He also thanked World Liberty Financial for their support and expressed optimism for MOVE’s future in America.
Source: KuCoin
World Liberty Financial began swapping stablecoins for MOVE tokens on Tuesday morning Eastern Time. The project typically trades around $470,000 in USDT or USDC on the CoW Swap decentralized exchange, reflecting Trump’s position as the 47th U.S. president. Last Monday, World Liberty made $112.8 million in purchases on Trump’s first day in office. The platform holds approximately $389 million in cryptocurrencies, including Chainlink’s LINK, Ethena’s ENA, and Aave’s AAVE.
Additionally, World Liberty has invested nearly $10 million in Tron’s TRX token, its sixth-largest position. Tron founder Justin Sun increased his investment from $30 million to $75 million and serves as an advisor to the project. Despite initial struggles to sell WLFI tokens, World Liberty adjusted its target and expanded its token sale due to high demand.
Source: Eric Trump Predicts Bitcoin Will Hit $1 Million and Drive Global Adoption
Bitwise Files for Dogecoin ETF with the SEC
Bitwise’s filing to list a spot Dogecoin ETF. Source: SEC
Bitwise, a crypto fund manager, filed an S-1 registration with the U.S. Securities and Exchange Commission on Tuesday for a spot Dogecoin exchange-traded fund (ETF). This filing marks a significant step for Dogecoin, the first memecoin, as it seeks broader institutional investment.
Matt Hougan, Bitwise’s Chief Investment Officer, stated to the Financial Times, “The reality is that there are a lot of people that want to invest in Dogecoin. It’s the sixth-largest crypto asset in the world by market cap and it trades over $1 billion a day.” Other firms like Osprey Funds and Rex Shares have also proposed Dogecoin ETFs.
President Donald Trump signed an executive order creating a working group to develop a federal regulatory framework for digital assets. He appointed crypto-friendly Paul Atkins to lead the SEC, signaling potential support for crypto initiatives. As of now, Dogecoin trades around $0.32 with a market cap of $47 billion.
Solana’s Meteora DEX Achieves $33 Billion in Trading Volume in January 2025
Solana DEX Volume (Source: DeFillama)
Meteora, a decentralized exchange (DEX) on the Solana blockchain, reported a trading volume of $33 billion in January. This marks a 33-fold increase from December’s $990 million and places Meteora among the top five DEXs globally with a 9% market share.
Source: The Block
The surge reflects broader momentum in Solana’s DeFi ecosystem. Three of the top five DEXs now operate on Solana, highlighting the network’s growth. Trump-related token trading contributed nearly $300 million in 24-hour volume. Despite the overall momentum cooling off, the SOL/USDC trading pair regained its leading position with a 24-hour volume of $182 million.
Solana remains the preferred chain for launching new coins, with 96% of new tokens initiated on its platform. However, the rapid increase in new tokens raises concerns about market saturation. Conor Grogan highlighted that over 100 million tokens are expected to launch by the end of 2025, compared to fewer than 3,000 during the 2017-18 alt season. Launchpads like Pump.fun enable quick token releases, contributing to market dilution.
Read more: Top Decentralized Exchanges (DEXs) in the Solana Ecosystem
Conclusion
The cryptocurrency sector is undergoing significant advancements driven by strategic investments and innovative developments. World Liberty Financial’s $2 million MOVE token purchase, Bitwise’s initiative to establish a Dogecoin ETF, and Solana’s Meteora reaching $33 billion in trading volume underscore the increasing institutional involvement and the expanding infrastructure within the crypto landscape. These movements indicate a robust and evolving future for digital assets and blockchain technology, promising new opportunities and challenges ahead.