Altcoin
Trump’s Tariffs, AI Meme Coins, P2E Games
We’re back with our weekly crypto recap.
If Trump’s presidency means one thing, it’s that there’ll be no shortage of crypto news.
This past week, the newly inaugurated president (along with his immediate family and friends) continued to make headlines in crypto circles. We also witnessed noteworthy developments in AI and gaming.
Here’s a recap of what happened in crypto recently:
- Trump’s tariffs shook the crypto and stock markets
- Eric Trump says buy the dip as $ETH lost over 20% in value
- Trump established the first federal wealth fund, and Lummis hinted it could hold $BTC
- Musk proposed moving all US Treasury operations onto the blockchain
- Google announced a $75B AI investment plan while its stock dropped 10%
- Crypto gamers anticipate three exciting new projects
Now, let’s zoom in a little.
1. Trump’s 25% Tariffs Shake Up the Market
The crypto market faced turbulence, with Bitcoin ($BTC) briefly touching $92K after Trump announced 25% tariffs on Canadian and Mexican imports.
Canada immediately imposed a counter-tariff, whereas Mexican President Claudia Sheinbaum took a more cautious approach.
The Crypto Fear & Greed Index entered the Fear zone for the first time since October 2024 and hasn’t yet recovered. The impact rippled through traditional markets as well, with the S&P 500 futures dropping 1.9% and the Dow Jones Industrial Average falling 1.5%.
However, there may be more strategic depth to Trump’s tariffs threats than immediate market reactions suggest. Specifically, it could be an attempt to weaken the dollar while maintaining low yields, thus forcing countries to shift from short-term dollar reserves to long-term Treasury bonds.
2. Eric Trump Endorses $ETH in an Attempt to Recover WLFI Portfolio
Eric Trump appears to be his father’s main crypto advisor, as evident from his involvement with World Liberty Finance (WLFI) and the official $TRUMP meme coin.
Last Monday, the presidential son tweeted ‘it’s a great time to add $ETH’ as the token dipped some 20% (on the back of Trump’s tariff war, that is). $ETH’s price subsequently rose from $2.3K to $2.7K.
Eric Trump’s $ETH advocacy makes sense given WLFI’s substantial holdings of the asset. The company purchased over $100M in $ETH and $WBTC in January and an additional $5M $ETH last week.
With an average $ETH purchase price of $3.3K, WLFI currently faces an unrealized loss of approximately $31M.
3. Trump Creates a Sovereign Wealth Fund, $BTC in Focus
Trump signed an executive order to establish America’s first federal sovereign wealth fund. Senator Cynthia Lummis then tweeted it’s a ‘₿ig deal,’ with the Bitcoin ₿, possibly hinting at an upcoming $BTC investment.
Unlike traditional strategic reserves that focus on stable assets, sovereign wealth funds have the flexibility to diversify into more dynamic investments – like crypto.
This approach would mirror Norway’s sovereign wealth fund strategy, which already has indirect $BTC exposure through investments in companies like MicroStrategy.
While Alaska and Texas have been successfully operating state-level sovereign wealth funds for some time, this is an uncharted territory for the federal government.
4. Musk Wants to Move the $1.5T US Treasury on the Blockchain
Musk raised eyebrows with his proposal to put the US Treasury on the blockchain – all $1.5T of it. We’re talking about a blockchain that would handle everything from social security checks to federal employee paychecks.
In line with the D.O.G.E mission, this would make Treasury management more efficient and enhance transparency, as you could track every dollar the government spends.
However, many are skeptical about the idea.
Either way, this transition would force over 3M federal employees to start using blockchain technology and push crypto adoption to levels never seen before.
5. Google’s ‘Small’ $75B AI Investment Rattles Wall Street
Google CEO Sundar Pichai plans to invest $75B in AI, which he called a ‘small expenditure.’
It’s clear that AI is taking center stage in Google’s strategy, especially given how much of the company’s $95B revenue last year was tied to AI-related services.
While Google’s yearly revenue increased 12%, Wall Street seemed jittery about this spending plan, which sent Alphabet Inc. shares down 10%.
However, Google has no other option to stay ahead of the Silicon Valley AI race. Microsoft isn’t far behind with its $80B AI infrastructure plan. Meta and Amazon are also pouring substantial resources into AI.
Capital inflows into the AI sector mean that AI meme coins and AI agent tokens might see more upside this year.
6. New in Crypto Gaming: Super Bowl NFTs, GTA 6, StepMania
In other crypto news, Mythical Games launched a Super Bowl promotion for NFL Rivals, its NFT mobile football game. The two-week event features 30 new player cards from the Kansas City Chiefs and Philadelphia Eagles.
Meanwhile, streamers Adin Ross and FaZe Banks plan to create a crypto-focused custom server for the upcoming GTA 6. However, they might face challenges given Rockstar Games’ 2022 ban on crypto and NFTs in GTA Online servers.
In other crypto game news, a new move-to-earn (M2E) fitness app, StepMania, is now available on Telegram. It takes inspiration from StepN, a 2021 M2E game that attracted 5.6M users with its unique mechanic and sneaker NFTs.
7. MIND of Pepe ($MIND) Could Benefit From the AI Race and Trump’s Policies
Trump’s pro-crypto strategy, shared by Eric Trump and Elon Musk, is bullish for the entire altcoin sector. That’s particularly true for AI tokens like MIND of Pepe ($MIND) in light of the current Big Tech AI race.
MIND of Pepe is a self-sovereign agent that runs on Ethereum. It can analyze market data, deliver exclusive insights to its token holders, engage in discussions on social media, and even launch its own projects (including crypto games).
Currently on presale, one $MIND token costs $0.0032924, but the price will increase in 14 hours. The project has raised $5.6M so far, and early adopters have staked 859B tokens at a 407% APY.
After $MIND hits the ground running and lists on DEX, it could surge 10X, especially now that Eric Trump has endorsed the Ethereum ecosystem.
This Week in Crypto – The Low Down
This week, all eyes are on Trump’s crypto agenda and the AI sector. The effect of federal policy decisions on market movements is undeniable, so we can only hope the upcoming days will bring good news.
Uncertainty forces investors to seek utility-focused projects like MIND of Pepe. Its data-backed market insights and ability to autonomously launch new projects make it one of the best presales in 2025.
As always, however, be sure to DYOR and keep a cool head. The current crypto market is extremely volatile, so diversify your portfolio and only invest as much as you can afford to lose.
Several big stories and developments have occurred in the crypto space this week, including innovations in the Pi Network ecosystem, Grayscale updating its list of investible altcoins, and Donald Trump’s crypto play.
In case you missed these developments, among others, the following is a roundup of what happened in crypto this week.
Pi Network Introduces PiDaoSwap
Pi Network took a key step in decentralized finance (DeFi) this week, revealing the development of PiDaoSwap. This community-driven decentralized exchange (DEX) is designed to counter price manipulation.
PiDaoSwap aims to stabilize Pi Coin’s value and enhance trust within its ecosystem by ensuring fair trading mechanisms.
“Once completed, the Pi price will be reflected at its true value and will no longer be manipulated by current external exchanges,” Pi Network VietNames claimed.
Another positive development in the Pi Network ecosystem this week is the integration with Telegram’s crypto wallet. This move could provide access to up to one billion users and expand the controversial project’s mainstream adoption.
While this move reflects Pi Network’s growing influence, questions around decentralization and exchange listings continue to loom large. Specifically, the Pi Network remains under scrutiny due to concerns about its centralization, particularly its SuperNodes.
Critics argue that a heavily centralized network undermines the core principles of blockchain technology. Adding to the debate, analysts have pointed out that Pi Network’s absence from major exchanges like Binance and Coinbase stems from concerns over its operational transparency.
Another hot headline this week in crypto was Trump Media’s announcement of a partnership with Crypto.com. The collaboration lays the groundwork for launching new ETFs (exchange-traded funds) based on Cronos, Bitcoin, and other assets.
The report inspired a nearly 20% surge in the Cronos (CRO) token, the powering token for the Crypto.com ecosystem. This collaboration added to the list of notable shifts as Trump’s media venture embraces cryptocurrency.
However, blockchain investigator ZachXBT raised concerns about Crypto.com’s token manipulation practices, souring sentiment for this partnership. Citing its re-issuance, the blockchain sleuth suggested the exchange may engage in opaque financial maneuvers.
Despite these concerns, Crypto.com emerged unscathed as the US SEC (Securities and Exchange Commission) concluded its investigation without filing any charges.
“The SEC’s investigation into Crypto.com has been closed with no action being taken against Crypto.com. I continue to be proud of how this industry and its community have weathered storm after storm… The fact that we not only persevered but became stronger is a testament to our vision and the community supporting it,” wrote Kris Marszalek, CEO of Crypto.com.
The announcement led to a notable jump in CRO’s price, reaffirming investor confidence in the exchange despite previous regulatory scrutiny.
BeInCrypto data shows CRO was trading for $0.11 as of this writing, up by over 4% in the last 24 hours.
GameStop’s Bitcoin Announcement
GameStop, the once-legendary meme stock, also made headlines this week in crypto. It announced an update to its investment policy, revealing that it had added Bitcoin as a Treasury Reserve Asset. In the immediate aftermath of this announcement, the company’s stock prices jumped 12% before profit booking set in.
While this could have been a bullish catalyst, Bitcoin’s price remained largely unmoved. Analysts suggest the announcement lacked crucial details to trigger excitement and provoke a significant market reaction.
“The announcement lacked key details —most importantly, how much Bitcoin they’re actually buying. While they’re sitting on about $4.8 billion in cash, we’ve seen no indication of what portion, if any, will be allocated to BTC,” Mati Greenspan, Founder and CEO of Quantum Economics, told BeInCrypto.
Further, the price impact for BTC was muted, given that Bitcoin payments are becoming more common among retailers.
Grayscale Updates Investment List
Adding to the list of what happened this week in crypto, Grayscale updated its list of investable altcoins for Q2 2025. The institutional crypto asset manager added three new tokens, Maple Finance (SYRUP), Geodnet (GEOD), and Story Protocol (IP), to its top 20 crypto investments.
“…We believe the revised Top 20 list may offer more compelling risk-adjusted returns for the coming quarter,” the firm explained.
This move reflects the company’s ongoing strategy to diversify its holdings and identify emerging digital assets with strong growth potential. At the same time, it truncated three altcoins from the same list- Akash Network (AKT), Arweave (AR), and Jupiter (JUP).
Binance Embraces Studio Ghibli Meme Coins Frenzy
Elsewhere, a new meme coin craze emerged this week in crypto, drawing inspiration from the beloved Studio Ghibli brand. Binance Alpha responded to the trend by listing two Ghibli-themed tokens, Ghiblification and GhibliCZ.
These tokens have gained rapid traction as part of a broader wave of AI and pop culture-driven crypto speculation. The Ghibli meme coin phenomenon follows a pattern in previous meme-inspired tokens, where hype and social media engagement drive price action more than actual utility.
While some traders see opportunities for quick gains, others caution against speculative bubbles that could lead to rapid market corrections. Nevertheless, Binance’s involvement reflects how major exchanges capitalize on trending narratives to attract trading volume.
This strategy, which continues to shape the DeFi space, has also drawn criticism as users challenge the listing standards of centralized exchanges (CEXs).
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A new technical analysis on TradingView suggests that Shiba Inu’s recent price movements may be echoing a familiar structure from earlier last year, raising the possibility of history repeating itself. The analyst examined Shiba Inu’s chart from November 2024 to the present and pointed out a sequence of patterns that also appeared between March and November 2024, patterns that preceded a significant rally.
The analysis outlines a clear path that could lead to a notable price surge towards $0.00003 if these price patterns continue to play out.
Pattern Analysis Suggests Shiba Inu May Be Ready For A Big Upside Move
The entire analysis is grounded on the idea that crypto markets are cyclical and exhibit recurring behaviors, crowd psychology, and recognizable chart patterns. Notably, this analysis uses four distinct pattern stages that played out on the Shiba Inu daily candlestick timeframe chart.
The TradingView analyst began by highlighting the completion of a falling wedge pattern in SHIB’s price chart, which is a classic bullish reversal setup. The analyst noted that this same structure played out from March 2024 to September 2024, acting as a precursor to a breakout in the weeks that followed.
As of now, Shiba Inu seems to have moved past that initial wedge stage, making way for the second stage, which has been identified as a cup-and-handle pattern. This pattern, which was observed and confirmed recently, also mirrors the meme coin’s formation back in August 2024, when a brief consolidation phase eventually gave way to an upward move.
The analyst believes that the chart has now entered what they describe as “Stage 3,” a phase where a W-shaped formation may emerge. Historically, this pattern aligned with a powerful uptrend in September 2024 when SHIB experienced a multi-week rally.
Breakout Could Be Coming Next
Although pattern repetition isn’t guaranteed, the analyst’s comparison of current and past formations presents an interesting narrative that bullish traders will be interested in. If the final stage plays out as the analyst expects, Shiba Inu could soon form an inverted head-and-shoulders pattern, which is one of the strongest bullish reversal signals in technical analysis. This pattern was last spotted as stage 4 just before a rally that brought the Shiba Inu price above $0.00003 in December 2024.
Based on this four-stage progression, the trader is projecting a 91% rally from here, which could lift SHIB to $0.0000335. At the time of writing, SHIB is trading at $0.00001340, meaning the token is still in the early phase of this anticipated pattern sequence.
However, Shiba Inu’s short-term performance has recently shown weakness. Over the past 24 hours, the token has slipped by 7.3%, losing ground after a brief push above the 100-day moving average it had only recently reclaimed a week ago. This dip now sees Shiba Inu retesting that same moving average, which could either act as a springboard for the next upward move or become broken.
Featured image from iStock, chart from Tradingview.com
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A TRUMP crypto whale extended its overall losses to over $15 million as the PolitiFi token crashed roughly 10% this Friday. On-chain metrics indicated that the whale recently sold 743,947 tokens, worth almost $8 million, amid an ongoing price slump. This trade maneuver is what slammed the whale’s total losses to over $15 million with the token.
TRUMP Crypto Whale Dumps Heavily Amid Sluggish Price Action
According to an X post by Lookonchain on March 28, a TRUMP crypto whale sold $7.92 million worth of coins in the past 24 hours. This trade maneuver presented the trader with a severe $3.3 million loss. Meanwhile, it’s noteworthy that the selloff occurred at an average price of $10.66.
Further, data suggested that this whale only profited on his first trade with the PolitiFi token. All other trades made subsequently brought losses to a total of $15.7 million.
TRUMP Coin: A Fall From Grace
The U.S. President-themed token gained significant traction across the market promptly after its inception. The PolitiFi token saw its price rise from $8 level to $74 within a week of its launch, securing a prominent spot on crypto traders’ radars.
However, the buzz was short-lived as the TRUMP crypto’s price crashed to a $10 level to date. As of press time, TRUMP price cracked 9% intraday and exchanged hands at $10.35. The PolitiFi token slammed nearly 20% over the past month.
Overall, the broader waning action appears to have prompted the whale’s selloff. Meanwhile, market watchers reflect a cautious approach as the dumps signal a loss of confidence in the asset’s future potential.
Can TRUMP Price Recover?
It’s worth mentioning that a recovery to previous highs remains highly questionable, given the current market scenario. Nevertheless, a renowned market analyst has recently conveyed a highly bullish outlook for the coin’s future price action.
Analyst Crypto Gems on X revealed that the crypto’s price chart shows a double bottom pattern, whilst the potential for a bullish reversal also persists. The next price target for TRUMP crypto remains at $13, per the analyst. A sustained break above this level could fuel a rally to $18 or even $25.
Nevertheless, a trading session above $50 and near previous highs remains out of the question as the token even slipped from one of the top cryptos by market cap to 45th.
Additionally, a recent TRUMP price prediction by CoinGape revealed that the 3-month bias indicator remains 61% in favor of bears. This stat added to market concerns surrounding the coin’s future price prospects.
Nevertheless, as Donald Trump continues to usher pro-crypto movers in the U.S., market watchers anticipate some relief in price movements ahead. Notably, TRUMP price previously rallied 10% in just a day, CoinGape reported last week. However, the token failed to sustain this bullish movement, only adding to investor concerns.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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