Market Update: TRUMP Token, SOL Crushing, ETH Lags

Please find our market update and data dashboards below.

*|MC_PREVIEW_TEXT|* Hello my tasty friends, I hope you're all having a good week and you've been able to get some sleep here and there.  Please find our new market update and data dashboards below.  TRUMP The President of the United States launched a token on the Solana network. Let that sit in for a moment. Love him or hate him, the game has changed. The token currently has a fully diluted value of $40 billion, experiencing a meteoric rise reminiscent of GME and AMC during the golden days of 2021. It's been reported that 80% of supply is held by "Trump" so maybe there's a chance the president rugs everyone on his meme coin (can't believe I'm typing this), but we don't see the Trump crypto fervor going away any time soon.  Given how close the new administration is to crypto, it probably makes sense to keep a close eye on Trump and World Liberty Financial (WLF) wallet addresses going forward. SEC announces crypto task force led by Commissioner Hester Peirce. Peirce, affectionately known as "Crypto Mom" will lead SEC initiatives focused on providing clear regulatory guidelines, realistic paths for crypto businesses to register with the SEC, and sensible disclosure frameworks that align with the unique nature of crypto. Is Anyone Bullish ETH? Relative to BTC and other majors, ETH performance has been super disappointing. ETH/BTC is trading at March 2021 levels. We've seen this before and we know what happened next. Remember, sentiment can shift in an instant. The market narratives have centered around BTC dominance, Solana, AI, and memes... but don't sleep on ETH, even if everyone on Twitter is a hater at the moment. Back to bullish. Prices continue their climb higher post inauguration following some initial crypto related announcements from the new administration and of course the launch of the TRUMP token. Momentum remains bullish over the intermediate and long term, with recent dip buyers being rewarded. SOL is crushing, in part driven by demand for the TRUMP token on the Solana network, while ETH has seriously lagged, with no change to its short-term bearish price momentum. As expected, implied volatility has come down after the inauguration, with BTC vol falling back into the low 60s after trading into 70%.  No significant change to the size of the expected moves we're seeing the market price in, but it should be noted that these ranges are pricing a higher highs and higher low versus the past week. We got the equity market volatility breakdown we were looking for and both stocks and BTC are pushing back towards all-time highs. There has been a continued strengthening of the positive correlation between stocks and crypto and we don't see this changing in the immediate future given the macro environment we're  in where the rate of change of economic growth and inflation have been accelerating. Quick look at relative performance (past week).  ETH/BTC -5%  SOL/BTC +26% SOL/ETH +34%   The tastycrypto Show: Mondays & Wednesdays from 4:30pm - 5:00pm Central BAG BATTLES: Mondays on the OTC Live Show from 11am - Noon Central LIVE on YouTube | LIVE on X | LIVE on tastylive Contact |  Blog  |   Learn If you no longer want to receive our communications, please click here. tastycrypto is provided solely by tasty Software Solutions, LLC. tasty Software Solutions, LLC is a separate but affiliate company of tastylive, Inc. and tastytrade, Inc. Neither tastylive, Inc. nor tastytrade, Inc. are responsible for the products or services provided by tasty Software Solutions, LLC. Cryptocurrency trading is not suitable for all investors due to the number of risks involved, including volatile market prices, illiquid market conditions, lack of regulatory oversight, market manipulation, and other risks. tastylive, Inc., 19 N. Sangamon St., Chicago, IL 60607, United States