The crypto market is rebounding from a volatile week that saw sharp corrections and losses across many altcoins. However, renewed investor optimism is offering crucial support to select tokens that continue to perform strongly. 

BeInCrypto has identified two crypto tokens that have achieved a new all-time high (ATH) despite the prevailing bearish-neutral market conditions.

GateToken (GT)

GT reached a new all-time high of $23.43 within the last 24 hours before slightly retreating to $23.39. This price action highlights strong momentum for the altcoin, with traders closely monitoring its ability to sustain gains near these record levels.

The week-long rally was fueled by a 6.7% increase over the past day, supported by a solid floor at $19.89. If GT maintains its current trajectory, it could extend its uptrend, attracting further interest from both retail and institutional investors.

However, concerns over profit-taking remain a significant risk. A potential wave of sell-offs could push GT back to its established support level of $19.89, temporarily halting its bullish momentum and prompting caution among traders

WhiteBIT Coin (WBT)

WBT reached a new all-time high during intra-day trading over the last 24 hours, hitting $28.76 before retracing slightly to $28.16. This recent surge highlights the altcoin’s strong performance amid a volatile market.

Currently, WBT is holding firm above its key support at $27.88. A rebound from this level could propel the altcoin beyond $28.76, potentially setting a new record high. Sustained buying pressure and favorable market conditions will be crucial for this bullish scenario to materialize.

However, if WBT loses the critical $27.88 support, it could decline further to $27.07. This drop would invalidate the bullish outlook and may increase selling pressure.

Ivanka Trump has addressed rumors of association with a meme coin bearing her name, firmly denying any involvement. 

The President’s daughter has also issued a warning to investors, urging them to avoid the coin and remain cautious of potential scams.

Ivanka Trump Addresses IVANKA Meme Coin

In a recent statement, Ivanka Trump refuted rumors of her involvement with the IVANKA meme coin. The businesswoman took to X (formerly Twitter) to clear the air.

“It has come to my attention that a fake crypto coin called “Ivanka Trump” or “$IVANKA” is being promoted without my consent or approval. To be clear: I have no involvement with this coin,” the post read.

She further warned that the coin poses a risk to unsuspecting consumers, potentially defrauding them of their hard-earned money. She criticized the unauthorized use of her name and likeness as a violation of her rights. 

“This promotion is deceptive, exploitative, and unacceptable. My legal team is reviewing and will be pursuing measures to stop the continued misuse of my name,” she added.

Notably, multiple fake IVANKA coins are available for trading in the market right now.

Meanwhile, Ivanka Trump is not the first member of the Trump family to be linked to unauthorized cryptocurrency ventures. In July 2024, a meme coin featuring Barron Trump’s name and image was launched. 

Neither Barron Trump nor any other member of the Trump family has publicly acknowledged any association with the token.

TRUMP and MELANIA Lose Momentum

This follows the launch of President’s Official Trump (TRUMP) and Melania (MELANIA) meme coins. Both coins skyrocketed in value post-launch before shedding their gains.

TRUMP has dropped 6.3% in the past 24 hours, trading at $34.5 at the time of writing. This represents a decline of more than 50% from its all-time high. Similarly, MELANIA has dropped 4.8% in the last day, with a press time value of $2.76—down a staggering 79% from its peak price.

Despite being officially endorsed, the TRUMP meme coin has not been immune to scams. As previously reported by BeInCrypto, scammers capitalized on the hype surrounding TRUMP, resulting in $857 million in stolen funds within the past week alone.

The rise of Trump-themed meme coins has also led to regulatory scrutiny. Senator Elizabeth Warren and Representative Jake Auchincloss recently sent a letter raising serious concerns about the TRUMP and MELANIA coins, calling for stricter rules to oversee such assets.

This follows an earlier letter from US Representative Gerald Connolly. In it, Connolly pushed for an investigation into President Trump’s possible connections to cryptocurrency projects and any related conflicts of interest.

Morgan Stanley is taking a proactive approach to the growing crypto market. The bank apparently plans to work closely with the US Treasury and other regulatory bodies to ensure it can offer crypto services.

In a recent CNBC interview, Morgan Stanley CEO Ted Pick shared his thoughts on the current state of crypto under the Trump administration and the bank’s crypto plans.

Morgan Stanley Plans Crypto Services, Focuses on Regulatory Compliance

Pick addressed the broader implications of the surge in crypto activity, including the rise of speculative assets. When asked about the new TRUMP and MELANIA meme coins, he pointed to the increasing liquidity in the crypto markets.

“Well, I think there is liquidity and the liquidity, you know, express itself in all kinds of different ways. I think the broader question is whether some of this has come of age, whether it’s hit escape velocity,” Pick said.

Pick seems to suggest that the longevity of these coins will ultimately determine whether they’ve reached “escape velocity.” In other words, Pick is cautious but open to the idea that crypto could evolve into a stable part of the financial system.

“Time is the friend,” Pick added. He emphasized that as cryptocurrencies continue to trade and gain mainstream attention, their value will become clearer.

For established financial institutions like Morgan Stanley, Pick highlighted that their main concern revolves around operating within the regulations.

“For us, the equation is really around whether we, as a highly regulated financial institution, can act as transactors. We’ll be working with Treasury and the other regulators to figure out how we can offer that in a safe way,” Pick explained.

Morgan Stanley’s crypto plans were considered massively bullish by the crypto community, with many voicing their thoughts on X. One user even said, “This move cements crypto’s place in the global financial system.”

It was reported earlier this month that E-Trade, Morgan Stanley’s online brokerage division, is considering offering crypto trading services. However, this plan is still in the exploratory stage.

Also, the CEO of Goldman Sachs has previously said that the investment bank is open to engaging with cryptocurrencies. However, this is possible only if the regulatory environment changes. At present, banks like Goldman Sachs are not allowed to own or engage principally with Bitcoin.

Moreover, Ted Pick’s comments come at a pivotal time for the crypto market. Under the Trump administration, there has been a noticeable shift in attitudes toward digital currencies. Trump has also signed an official executive order to create a “national digital asset stockpile.”