WeChat Official Account: Cream Girl
On Tuesday (January 7), Bitcoin surged to $102,000 as bulls entered the market ahead of Donald Trump’s inauguration as President of the United States. Wall Street-listed giant MicroStrategy made a significant purchase of 1,070 bitcoins, with its founder Michael Saylor expressing a willingness to serve as an advisor to the new administration.
MicroStrategy Acquires 1,070 Bitcoins; Saylor Willing to Advise Trump
According to CryptoSlate, MicroStrategy disclosed in a filing to the U.S. Securities and Exchange Commission (SEC) that the company acquired 1,070 bitcoins for $101 million. This marks the company’s ninth consecutive week of substantial purchases, bringing its total bitcoin holdings to 447,470 bitcoins as of December 31, 2024.
The company also pointed out that its bitcoin strategy heavily relies on debt financing. As of December 31, 2024, the company’s debt stood at $7.274 billion, with annual interest expenses amounting to $35.1 million.
After Trump takes office this month, he will immediately push for the passage of the U.S. Bitcoin Strategic Reserve Act, with the earliest purchases of 500,000 bitcoins possibly starting in mid-April of this year. Coinciding with this, the well-known Ethereum Prague upgrade is also scheduled to occur in April, making Cream more eager than ever for the upcoming trends in the crypto market.
SOL has already achieved a breakthrough and is expected to experience a second wave of growth. From the price chart, SOL has clearly broken through the previous downtrend line, theoretically indicating a significant price increase. Looking back to the same period last year, SOL began to correct in December, subsequently breaking resistance in January, and after two months of rising, it achieved an overall increase of 2.5 times. Based on the current price trends, this suggests the potential to rise to over $400. Similar to the downtrend experienced over the past six months, after breaking the downtrend line, SOL is also expected to see a substantial increase, likely at least returning to previous highs. Given the current situation, it is anticipated to reach around $260.
Thus, regardless of market movements, SOL is set to experience a significant upward trend. Cream believes that the possibility of reaching over $400 is greater! As mentioned earlier, there will be favorable news regarding Bitcoin reserves and the Ethereum upgrade in April, and there may even be the launch of SOL ETFs, all of which are very positive factors.
On-chain data indicates that Solana’s trading volume surged by 42% over the past week, far exceeding other public chains, which may be related to the recent boom in the AI sector. Regardless, Solana’s trading volume currently ranks among the highest across the network, making it one of the largest public chains by trading volume. It is worth noting that a considerable portion of this volume is driven by bots engaged in quantitative arbitrage, and the actual effective trading volume remains insufficient compared to Ethereum. Solana’s total value locked (TVL) stands at $3 billion, still lagging behind Ethereum’s $12.7 billion, but it firmly holds the second position among all public chains. Overall, I believe the future development of Solana is worth looking forward to.
At the same time, Sui’s performance has also been quite impressive, with its price repeatedly breaking historical highs. Its on-chain data is equally noteworthy, currently ranking fourth in the network for both TVL and trading volume. However, it is important to note that Sui’s total market capitalization has reached $50 billion, nearly half that of Solana and BNB, while its TVL and trading volume are significantly lower than half of those two public chains. Therefore, from a data analysis perspective, Sui’s price seems to be somewhat overvalued.
Speaking of Sui’s price, one cannot overlook its initial public offering price. Sui’s initial public offering price was only $0.10, and after the token was issued, it surged more than tenfold. If one had held since then, the returns would have exceeded 50 times. If you were on the whitelist of its foundation, the entry price was even lower, at only $0.03, which has now risen 180 times. Thus, for these institutional tokens, it is best to enter through whitelist pre-sales or advance participation in the foundation before the listing, as achieving returns of two to thirty times is relatively easy.
Marvin
Vitalik dumped the Meme project on Ethereum—Musk Concept Token, which can be seen in Marvin.
Vitalik sold 4.6 billion tokens of the Meme project, Musk Concept Token, valued at $70,000. Currently, Vitalik’s address still holds 5 billion Marvin tokens. Having missed out on Shiba and Neiro, will he also miss the strongest community-promoted Marvin? The rise of Shiba and Neiro began with Vitalik’s sell-off…
