#memecoins news

[koldfog92]

The Insider's Dilemma: Do You Really Require Crypto News to Succeed in Investing?

In the quickly-paced globe of cryptocurrency investing, the inflow of crypto news is like a double-edged sword. On one hand, keeping educated about the latest developments in the marketplace can give worthwhile insights that could possibly support traders make far better decisions. From Bitcoin updates to the fluctuating traits in electronic currencies, possessing obtain to well timed info is undeniably crucial for those navigating the risky waters of the crypto place.

Nonetheless, the sheer quantity and occasionally conflicting nature of crypto news can also pose a dilemma for buyers. With headlines continually vying for interest and sensational stories dominating the narrative, it can be difficult to individual the sign from the noise. The concern then occurs: do you genuinely require to immerse by yourself in the sea of crypto information in purchase to be successful in investing, or is there a much more discerning approach that can produce much better final results?

The Part of Crypto Information in Investment Good results

When it comes to investing in the volatile planet of cryptocurrency, being educated about the most current developments and trends can give worthwhile insights that may possibly impact your expenditure selections. Crypto news serves as a crucial resource of info for traders, supplying updates on market movements, regulatory adjustments, technological breakthroughs, and other elements that can influence the value of electronic assets.

Maintaining abreast of cryptocurrency information can support buyers anticipate likely price tag fluctuations and make educated conclusions about when to acquire or market their property. By keeping educated about market circumstances and emerging developments, buyers can much better assess the danger and reward of different expense options, in the long run leading to more strategic and profitable expense results.

Additionally, in the rapidly-paced and continually evolving crypto market place, having obtain to well timed and accurate information can give traders a competitive edge. By understanding the factors driving price tag movements and market place sentiment, investors can place on their own to capitalize on expenditure opportunities and navigate the risks connected with investing in digital currencies effectively.

Analyzing the Effect of Cryptocurrency News on Marketplace Movements

When it comes to the entire world of cryptocurrency, being knowledgeable about the most recent information and developments is usually noticed as essential for making informed expense selections. Traders and traders intently monitor crypto news for any updates that could probably drive marketplace movements, no matter whether it really is a new regulatory announcement or a main technological breakthrough.

Cryptocurrency news has the electrical power to impact marketplace sentiment, foremost to fast cost fluctuations in digital belongings these kinds of as Bitcoin. Positive news like partnerships with recognized organizations or advancements in blockchain technological innovation can bring about purchasing frenzies, driving charges upward. Conversely, negative information this sort of as protection breaches or regulatory crackdowns can direct to panic promoting and sharp declines in cryptocurrency rates.

However, it really is essential to observe that not all news is produced equal in conditions of its effect on market actions. Traders require to exercise warning and critical thinking when digesting crypto news, as the market place can at times overreact to sensational headlines or rumors. Distinguishing in between sounds and beneficial insights in the quickly-paced planet of cryptocurrency information is essential for making rational expenditure conclusions.

Techniques for Being Knowledgeable in the Crypto Area

Initial, consider subscribing to reliable crypto news internet sites or newsletters to obtain typical updates on market place tendencies, new regulations, and technological developments. These platforms can support you stay knowledgeable with no having to actively seek out data.

2nd, join on-line communities and message boards dedicated to cryptocurrency discussions. Partaking with other traders and fans can supply worthwhile insights and different views on the most current information and activities in the crypto place.

And lastly, stick to essential influencers and professionals in the crypto industry on social media platforms like Twitter and LinkedIn. By following thought leaders in the area, you can acquire access to actual-time updates and specialist opinions on crucial developments in the industry.

[cryptocrit]

Solana-based meme coin Dogwifhat continues its surge, reaching a new all-time high. This rally in meme coins might be a temporary trend within the broader crypto market.

[tradermade]

Discover how Solana's surge propelled it to 4th place in crypto rankings, overtaking Binance's BNB amidst a memecoin craze. https://markets.tradermade.com/cryptocurrency/solana-ethereum-meme-coin-frenzy-bitcoin-halving. Dive into the frenzy now!

[oluwatunmise-blog]

BEST MEME COIN TO BUY NOW!

Investment in meme coins isn’t just about the potential of hefty returns; it’s about being part of a movement. Crypto enthusiasts are always on the lookout for promising tokens that bring innovative utility or strong community backing, often signaling a potential price rocket ride.

Identifying the best meme coins to invest in is both an art and a science. Savvy investors dissect market trends, social media chatter, and the technological merit behind each coin. As meme coins rise in popularity, they become more than just a speculative play; they promise to be game-changers in the decentralized finance landscape. In this article, I will list some best mem coin to invest in:

BEST MEME COIN TO INVEST IN:

Sir-Coin-Official

The Sir Meme Coin, a distinctive digital currency that pays homage to one of the internet’s most iconic memes. This coin represents not just a financial asset but a celebration of a cultural phenomenon that has captivated the digital community worldwide. Sir-Coin facilitates a range of activities within its ecosystem, from trading and investment to exclusive access to community events. Beyond its utility as a cryptocurrency, we offer an associated NFT collection, representing unique digital assets with inherent value and benefits within our ecosystem.

Our platform is built on the Solana network, chosen for its unparalleled security and efficiency, ensuring a seamless experience for our users. Currently available for purchase on Raydium, we are in the process of expanding our presence across additional marketplaces and exchanges.

Click here to join Sir-Coin-Official discussion group on Telegram https://t.me/Sir_Coin_Official

See you there!

[dencyemily]

Report Unveils Harsh Reality: Over 50% of Cryptocurrencies Have Failed Since 2014

The cryptocurrency market has experienced a significant reality check, with over 50% of cryptocurrencies listed on CoinGecko since 2014 becoming inactive. This high failure rate, involving more than 14,000 out of 24,000 listed cryptocurrencies, underscores the inherent volatility and unpredictability of the crypto landscape. The boom period of 2020-2021, marked by a surge in popularity and the launch of over 11,000 cryptocurrencies, saw an alarming 70% failure rate, especially among memecoins lacking solid product backing.

The phenomenon is not new, as the previous bull run in 2017-2018 showcased a similar trend, with around 1,450 out of over 3,000 cryptocurrencies introduced during that period ceasing operations, mirroring a 70% failure rate. The persistent challenge in the crypto world lies in the high risk of project discontinuation.

However, there are signs of a shifting landscape. The year 2021 emerged as particularly challenging, witnessing 70% of its listed cryptocurrencies (5,724) becoming inactive, marking it as the worst year for cryptocurrency launches. In contrast, 2022 showed a slight improvement with a 60% failure rate, involving 3,520 inactive cryptocurrencies.

The trend in 2023, however, offers a glimpse of optimism. The failure rate significantly decreased, with only 289 out of the total 4,000 cryptocurrencies listed that year becoming inactive, registering a rate of less than 10%. This notable decrease suggests a potential maturation of the market or the implementation of stricter listing standards, indicating a more cautious and selective approach to new projects.

[coinatory]

FLOKI Memecoin Surges 4% Following Announcement of Hong Kong Marketing Campaign

The memecoin FLOKI, which has gained popularity, experienced a nearly 4% surge in value within an hour after announcing a two-month marketing campaign partnership with TokenFi in Hong Kong. This strategic initiative, scheduled to run from December 17 to February 13, coincides with the festive season, encompassing Christmas, New Year, and the Chinese New Year in 2024. The timing is particularly significant as it aligns with what many experts predict to be the start of an unprecedented bull run in the cryptocurrency market. Over the past month, FLOKI has seen several high-confidence initiatives in the market. Notably, leading market maker DWF Labs purchased $1.2 million worth of FLOKI tokens, demonstrating strong confidence in the memecoin. The token has risen by 18% in the past two weeks and an impressive 300% over the past

Read more on FLOKI Memecoin Surges 4% Following Announcement of Hong Kong Marketing Campaign

[ultragamerz]

Is the Memecoin season back already?

New Post has been published on https://www.ultragamerz.com/is-the-memecoin-season-back-already/

Is the Memecoin season back already?

Is the Memecoin season back already?

Mong coin, Jesus coin, Hosky coin, Trump coin, Doge coin, Shiba coin, Spgbb coin and Pepe

Meme Coins: The Unexpected Disruptors of the Crypto Landscape

In the often-serious world of cryptocurrency, a new breed of coins has emerged, challenging the status quo with a touch of humor and virality: meme coins. These tokens, often inspired by internet memes and popular culture, have captivated the market with their explosive growth and unpredictable behavior. While often dismissed as mere “pump-and-dump” schemes, meme coins have the potential to play a significant transformative role in the crypto space.

Transformative Power of Meme Coins:

1. Accessibility: Meme coins typically have lower entry points compared to established cryptocurrencies, making them more accessible to new investors and fostering wider adoption.

2. Community-driven: The success of meme coins is largely driven by passionate communities who actively promote and engage with the projects. This creates a strong network effect, amplifying their reach and influence.

3. Innovation: Meme coins often serve as testing grounds for novel concepts and technologies. Their experimental nature can lead to innovative advancements that benefit the broader crypto ecosystem.

Competition and Bull Market Potential:

Despite their unique features, meme coins face competition from established players and other emerging trends within the crypto market, including:

1. Utility-based coins: Projects focusing on practical applications and real-world use cases may overshadow meme coins purely based on speculation.

2. Regulatory uncertainty: The evolving regulatory landscape surrounding cryptocurrencies could pose challenges for meme coins if they are deemed unsuitable for mainstream adoption.

However, meme coins possess distinct advantages in a bull market:

1. Strong community support: Passionate communities can generate significant hype and drive demand, fueling exponential price growth.

2. Viral marketing: The inherent meme-based nature of these tokens allows for effortless viral marketing, attracting new investors and expanding the user base.

3. Unpredictable behavior: The unpredictable nature of meme coins can lead to sudden and explosive price surges, creating lucrative opportunities for investors.

Specific Meme Coins to Consider:

1. Mong Coin (MONG): This meme coin is aiming to be a decentralized digital currency that is fast, secure, and affordable. It also plans to have a focus on environmental sustainability, which could attract investors who are looking for environmentally friendly options.

2. Jesus Coin (JESUS): This meme coin is inspired by the Christian faith and aims to promote peace, love, and hope. It also plans to donate a portion of its proceeds to charities that support the less fortunate.

3. Hosky Coin (HOSKY): This meme coin is inspired by the popular dog breed, the Siberian Husky. It has a strong community and is aiming to develop a range of utilities, including a play-to-earn game and an NFT marketplace.

4. Trump Coin (TRUMP): This meme coin is inspired by former US President Donald Trump. It has a strong following among Trump supporters and has benefited from his tweets and endorsements.

5. Doge Coin (DOGE): The OG meme coin, DOGE enjoys widespread recognition and a strong community, making it a potential candidate for explosive growth.

6. Shiba Inu (SHIB): This meme coin has already experienced significant gains in the past and its growing ecosystem with projects like Shibarium could further propel its price.

7. Spgbb Coin (SPG): This meme coin is inspired by the popular cartoon series, SpongeBob SquarePants. It has a strong community and is aiming to develop a range of utilities, including a play-to-earn game and an NFT marketplace.

8. Pepe (PEPE): This meme coin is inspired by the popular internet meme, Pepe the Frog. It has a strong community and is aiming to develop a range of utilities, including a decentralized exchange and a social media platform.

Price Explosion Potential:

Predicting the price of meme coins is inherently difficult due to their volatile nature. However, several factors suggest a potential for explosive growth in December 2023 and January 2024:

1. Historical trends: Meme coins have historically experienced significant price surges during bull markets, with Dogecoin and Shiba Inu demonstrating massive gains in 2021.

2. Increased market awareness: The growing popularity of meme coins is attracting more attention from major media outlets and mainstream investors, potentially fueling further price increases.

3. Hype and speculation: The unpredictable and volatile nature of meme coins attracts risk-seeking investors who believe in the possibility of massive gains, further fueling the hype cycle.

[dtubein23]

This Buzzfeed

[koldfog92]

The Insider's Dilemma: Do You Really Want Crypto News to Succeed in Investing?

In the quickly-paced globe of cryptocurrency investing, the inflow of crypto news is like a double-edged sword. On one hand, keeping educated about the latest developments in the marketplace can give worthwhile insights that could possibly support traders make far better decisions. From Bitcoin updates to the fluctuating traits in electronic currencies, possessing obtain to well timed info is undeniably crucial for those navigating the risky waters of the crypto place.

Nonetheless, the sheer quantity and occasionally conflicting nature of crypto news can also pose a dilemma for buyers. With headlines continually vying for interest and sensational stories dominating the narrative, it can be difficult to individual the sign from the noise. The concern then occurs: do you genuinely require to immerse by yourself in the sea of crypto information in purchase to be successful in investing, or is there a much more discerning approach that can produce much better final results?

The Part of Crypto Information in Investment Good results

When it comes to investing in the volatile planet of cryptocurrency, being educated about the most current developments and trends can give worthwhile insights that may possibly impact your expenditure selections. Crypto news serves as a crucial resource of info for traders, supplying updates on market movements, regulatory adjustments, technological breakthroughs, and other elements that can influence the value of electronic assets.

Maintaining abreast of cryptocurrency information can support buyers anticipate likely price tag fluctuations and make educated conclusions about when to acquire or market their property. By keeping educated about market circumstances and emerging developments, buyers can much better assess the danger and reward of different expense options, in the long run leading to more strategic and profitable expense results.

Additionally, in the rapidly-paced and continually evolving crypto market place, having obtain to well timed and accurate information can give traders a competitive edge. By understanding the factors driving price tag movements and market place sentiment, investors can place on their own to capitalize on expenditure opportunities and navigate the risks connected with investing in digital currencies effectively.

Analyzing the Effect of Cryptocurrency News on Marketplace Movements

When it comes to the entire world of cryptocurrency, being knowledgeable about the most recent information and developments is usually noticed as essential for making informed expense selections. Traders and traders intently monitor crypto news for any updates that could probably drive marketplace movements, no matter whether it really is a new regulatory announcement or a main technological breakthrough.

Cryptocurrency news has the electrical power to impact marketplace sentiment, foremost to fast cost fluctuations in digital belongings these kinds of as Bitcoin. Positive news like partnerships with recognized organizations or advancements in blockchain technological innovation can bring about purchasing frenzies, driving charges upward. Conversely, negative information this sort of as protection breaches or regulatory crackdowns can direct to panic promoting and sharp declines in cryptocurrency rates.

However, it really is essential to observe that not all news is produced equal in conditions of its effect on market actions. Traders require to exercise warning and critical thinking when digesting crypto news, as the market place can at times overreact to sensational headlines or rumors. Distinguishing in between sounds and beneficial insights in the quickly-paced planet of cryptocurrency information is essential for making rational expenditure conclusions.

Techniques for Being Knowledgeable in the Crypto Area

Initial, consider subscribing to reliable crypto news internet sites or newsletters to obtain typical updates on market place tendencies, new regulations, and technological developments. These platforms can support you stay knowledgeable with no having to actively seek out data.

2nd, join on-line communities and message boards dedicated to cryptocurrency discussions. Partaking with other traders and fans can supply worthwhile insights and different views on the most current information and activities in the crypto place.

And lastly, stick to essential influencers and professionals in the crypto industry on social media platforms like Twitter and LinkedIn. By following thought leaders in the area, you can acquire access to actual-time updates and specialist opinions on crucial developments in the industry.

[primorcoin]

New Post has been published on https://primorcoin.com/genesis-files-for-bankruptcy-ftx-explores-a-reboot-and-bitzlato/

Genesis files for bankruptcy, FTX explores a reboot, and Bitzlato...

Top Stories This Week

Crypto lender Genesis files for Chapter 11 bankruptcy

FTX contagions continue to spread through the crypto industry, with Genesis Capital filing for bankruptcy protection in New York, estimating liabilities in the range of $1 billion to $10 billion, and assets at the same level. The company plans a “dual track process,” which will pursue “sale, capital raise, and/or an equitization transaction” and enable the business “to emerge under new ownership.” Genesis’ derivatives, spot trading, broker-dealer and custody businesses are not included in the proceedings, according to the company. In an effort to maintain liquidity, Genesis parent company Digital Currency Group suspended dividend withdrawals.

Bitzlato and its founder face enforcement actions from US authorities

United States authorities have taken enforcement actions against crypto firm Bitzlato, seizing the company’s website and labeling the business as a “primary money laundering concern” connected to Russian illicit finance. As part of the case, FBI officials arrested Russian national Anatoly Legkodymov in Miami. The criminal complaint claims the firm was a “crucial financial resource” for the Hydra darknet marketplace, allowing users to launder funds, including those from ransomware attacks.

Read also

Features

How to make a Metaverse: Secrets of the founders

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Are You Independent Yet? Financial Self-Sovereignty and the Decentralized Exchange

FTX CEO says he is exploring rebooting the exchange

New FTX CEO John Ray, appointed before the bankruptcy proceedings, has set up a task force to consider relaunching FTX.com. He noted in an interview that everything is “on the table” when it comes to the future of FTX.com, including a potential path forward with regard to rebooting the exchange. In another headline in the case, former FTX CEO Sam Bankman-Fried has been accused of using his influence in the crypto industry to inflate some coins’ prices through a coordinated strategy with Alameda Research. Bankruptcy proceedings are facing challenges, as liquidators of Alameda have suffered at least $11.5 million in losses since taking control of its trading accounts..

Iran and Russia want to issue new stablecoin backed by gold

The Central Bank of Iran is reportedly cooperating with the Russian government to jointly issue a new stablecoin backed by gold. The “token of the Persian Gulf region” would serve as a payment method in foreign trade instead of fiat currencies like the United States dollar, the Russian ruble or the Iranian rial. The new cryptocurrency would operate in a special economic zone in Astrakhan, where Russia accepts Iranian cargo shipments.

3AC, Coinflex founders collaborating to raise $25M for new claims trading exchange

Co-founders of collapsed crypto hedge fund Three Arrows Capital (3AC), Su Zhu and Kyle Davies, are trying to raise money for a new cryptocurrency exchange in partnership with Coinflex co-founders Mark Lamb and Sudhu Arumugam. According to a pitch deck, they are looking to raise $25 million. The new exchange will be called GTX, and it will target claims against bankrupt companies, allowing customers to use claims as collateral for trading. The initiative drew criticism from the crypto community.

Winners and Losers

At the end of the week, Bitcoin (BTC) is at $21,856, Ether (ETH) at $1,621 and XRP at $0.40. The total market cap is at $1.00 trillion, according to CoinMarketCap.

Among the biggest 100 cryptocurrencies, the top three altcoin gainers of the week are Frax Share (FXS) at 67.88%, Hedera (HBAR) at 45.32% and Convex Finance (CVX) at 44.01%.

The top three altcoin losers of the week are Gala (GALA) at -8.20%, Huobi Token (HT) at -6.34% and Trust Wallet Token (TWT) at -3.47%.

For more info on crypto prices, make sure to read Cointelegraph’s market analysis.

Read also

Columns

Wall Street disaster expert Bill Noble: Crypto spring is inevitable

Features

Are You Independent Yet? Financial Self-Sovereignty and the Decentralized Exchange

Most Memorable Quotations

“Crypto is getting very interesting because we’re finally starting to see the bear of regulation coming into play and I think, long term, that’s a good thing.”

Kevin O’Leary, venture capital investor

“I actually thought he [Sam Bankman-Fried] was the Mark Zuckerberg of crypto. I didn’t realize he was the Bernie Madoff. And that’s something I have to own. And so I own it.”

Anthony Scaramucci, co-founder of SkyBridge Capital

“What I’d like to do is to see the CFTC and other regulators provide more guidance this year and I’m very hopeful that perhaps we will see more clarity in the United States.”

Caroline Pham, commissioner of the Commodity Futures Trading Commission (CFTC)

“Bitcoin has just become a 24/7 VIX. It’s just a trading vehicle now for large funds who want to get in and out of risk on weekends and overnight trading hours.”

Jeff Dorman, chief investment officer at Arca

“The huge undertaking of [central bank] digital currencies is not worth the costs and risks.”

Tony Yates, former senior adviser to the Bank of England

“I don’t think DeFi is meant to attack TradFi. DeFi is supposed to complement TradFi, at least initially.”

Emin Gun Sirer, co-founder and CEO of Ava Labs

Prediction of the Week 

Bitcoin eyes $21.4K zone as analyst predicts BTC price will chase gold

Bitcoin rose toward new multi-month highs, with the BTC/USD pair preserving support at $21,000, according to data from Cointelegraph Markets Pro and TradingView.

Prices moving through support or resistance are affecting sentiment, but the trading range is well defined, noted on-chain analytics resource Material Indicators. “I view the lack of BTC liquidity below $18k and above $23k as a lack of sentiment for those levels at this time,” the firm wrote on Twitter.

FUD of the Week 

Silvergate reports $1B net loss in the fourth quarter of 2022

Silvergate Bank has announced a $1 billion net loss attributable to common shareholders in the fourth quarter of 2022. The digital asset bank saw significant outflows of deposits in the last quarter of 2022 mainly due to its relationship with FTX and Alameda Research. Silvergate faces a class-action lawsuit over its dealings with the crypto firms. Among the actions taken by the bank to maintain cash liquidity was wholesale funding and the sale of debt securities.

Nexo agrees to $45M settlement with SEC and states over Earn product

Crypto lender Nexo Capital has agreed to pay $45 million in penalties to the U.S. Securities and Exchange Commission and the North American Securities Administrators Association for failing to register the offer and sale of its Earn Interest product. According to the company, the regulators did not allege any fraud or misleading business practices. On Jan. 12, Bulgarian prosecutors began searching Nexo’s Bulgarian offices for alleged involvement in a large-scale money laundering scheme, as well as violations of Russia’s international sanctions.

CoinDesk could be up for grabs as parent company DCG scrambles for funds

A potential sale of cryptocurrency media outlet CoinDesk is being considered by parent company Digital Currency Group. Investment bankers from Lazard are helping the firm weigh options, including a full or partial sale. DCG has reportedly received multiple offers exceeding $200 million for the media firm over the last few months. DCG’s venture capital portfolio comprises 200 crypto-related businesses.

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Metaverse not the endgame, but ‘ongoing digital transformation‘: Davos 2023

Leaders in the Web3 space came together at the World Economic Forum in Davos to discuss the first outputs from the “Defining and Building the Metaverse” initiative.

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Editorial Staff

Cointelegraph Magazine writers and reporters contributed to this article.

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#CryptoExchange #CryptoNews #DogCoinNews #DogeCoin #Dogenews #Huobi #MemeCoin

[cryptotalemedia]

Vitalik Buterin Calls Out the Projects Trying to Leverage His Name for Promotion.

Vitalik Buterin Calls Out the Projects Trying to Leverage His Name for Promotion. #CryptoTale #CryptoNews #Crypto #Blockchain

Ethereum co-founder Vitalik Buterin asked projects looking to leverage his name for credibility to donate coins to charities rather than sending them to him. Anti-malaria, pandemic response, mitigating extreme poverty, life extension research, mitigating existential risks (including AI) and thinking about the multimillion-year future of humanity are all very important and undervalued issues and…

[viruscoin]

Virus Coin - Social Charity Crowdfunding Project under Blockchain.

$Virus Meme Coin ( $VIRUS ) A Social Community Meme Coin to Spread Decentralization to the World

[bitcoinreportitalia]

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Scan the QR for 10% off fees, up to $20 in Pepe coin and other cool stuff!

[mariacallous]

Donald Trump’s campaign claimed on Friday that it had raised more than $34 million immediately following the Thursday evening announcement of his conviction on 34 counts of falsifying business records.

The massive fundraising haul comes the morning after a jury found the former president guilty in a criminal hush money case filed in a Manhattan court. Shortly after the verdict was announced, the campaign set out to flip his political misfortune into cash, sending out a flood of fundraising emails, social media posts, and text messages.

“I was just convicted of a RIGGED political Witch Hunt trial: I DID NOTHING WRONG,” the first campaign email read.

Republican lawmakers like J. D. Vance, Eli Crane, and House speaker Mike Johnson linked out to the campaign’s donation page on WinRed. The campaign went as far as warning down-ballot candidates against fundraising for themselves off of Trump’s verdict, according to Politico. The dramatic uptick in donation traffic to Trump’s joint fundraising committee caused the site to shut down, according to the campaign. The joint committee shares some of its funds with the Republican National Committee.

“So many Americans were moved to donate to President Trump's campaign that the WinRed pages went down,” the Trump campaign wrote in an X post on Thursday. “We are working on getting the website back online as quickly as possible.”

WinRed did not respond to requests from WIRED to confirm the reason the platform went offline. The site came back online about an hour after it went down.

Larger donations from major Silicon Valley tech investors also started to come in Thursday night. Shaun Maguire, an investor for Sequoia Capital, posted a lengthy missive on X announcing that he would be donating $300,000 to the Trump campaign. Maguire declined to identify other donors who are also considering supporting Trump.

“There are many investors doing similar things but I can't out them,” Maguire told WIRED in an email Thursday.

David Sacks, a venture capitalist who is hosting a fundraiser for Trump next month, shared Maguire’s sentiment, suggesting that more wealthy Silicon Valley donors were beginning to shift their support to Trump.

“After Biden’s disastrous presidency, Trump has a lot of supporters in Silicon Valley; many are just afraid to admit it,” Sacks said in an X post replying to Maguire on Thursday. “But with each act of courage, like this one, the dam begins to break.”

The influx of cash wasn’t entirely surprising. Hours after Trump surrendered to the Fulton County jail last August in a separate case, his campaign brought in more than $7 million in donations. It also issued new merch, like shirts and mugs, featuring Trump’s mugshot.

Meanwhile, a Trump memecoin—in which the former president reportedly has significant holdings—reached an all-time high in value after initially dipping upon news of the verdict.

Far-right provocateurs and their followers referred to Thursday’s verdict as a declaration of war online, demonstrating that the case would not hinder their support for the former president.

Trump is scheduled to be sentenced on July 11, four days before the Republican National Convention.

“President Trump and our campaign are immensely grateful from [for] this outpouring of support from patriots across our country. President Trump is fighting to save our nation and November 5 is the day Americans will deliver the real verdict,” Chris LaCivita and Susie Wiles, Trump campaign senior advisers, said in a Friday statement.