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Though Congressional stock trading has been pervasive for decades to the point that the STOCKS Act was implemented to prevent politicians from investing based on information they receive thanks to their official roles, 2024 brought a new development to the trend: cryptocurrency trading. By press time on January 3, 2025, the most interesting and suspicious example came in the form of a series of meme coin purchases executed by Representative Mike Collins, Georgia’s 10th congressional district. Since December 1, 2024, Collins has bought up to $45,000 of a token called Ski Mask Dog (SKI), arguably helping the minor digital asset skyrocket in value. Picks for you Trading expert predicts Bitcoin and Ethereum prices for this ‘cycle top’ 43 mins ago ...

A cryptocurrency trader made a 3,329-fold return in four days while speculating in a Solana (SOL)-based meme coin. The accomplishment happens as these primarily speculative tokens regain market share and demand amid controversies and related discussions. On October 14, a trader started and ended up selling 5.7 million of the meme coin $GOAT for Solana. This rendered him 5,949 SOL, worth $931,000, when Lookonchain reported the activity from the Solana domain stupidmoney.sol. Interestingly, the crypto trader had bought 15.15 million $GOAT four days before, spending 5 SOL, worth $727. From the initial purchase and after the partial sales, stupidmoney.sol is left with $1.49 million worth of 9.5 million $GOAT – totaling $2.42 million in both realized and unrealized gains. Picks for you Is Gold accumulation trend by BRICS countries signaling in...

A widely followed crypto analyst believes that digital assets are in the “first stage” of a bull market. Crypto trader Michaël van de Poppe tells his 729,100 followers on the social media platform X that two trends are indicating a digital asset market with more upside potential. “The first stage of the bull is recognized by two different things: People are stuck in the bear market mindset. The price action is weak and slow. That’s the current stage. Prices are crawling upwards, but not as much. What does it mean? Buy the dip and hold on altcoins.” Next up, the analyst says that Solana (SOL) rival Sui (SUI) may retrace to $1.85 before having another massive breakout. “SUI did run away and printed a new all-time high. The first one! Didn’t allow me to enter, but it might be topped for now. Looking at the same region or $1.85 for entry zones. Massive runner.” Source: Michaël van de Poppe/X SUI is trading for $1...

A widely followed crypto analyst believes that Ethereum (ETH) and one of its competitors are setting up for big recovery rallies. Pseudonymous crypto trader Kaleo tells his 645,400 followers on the social media platform X that Ethereum could soon soar by double digits after testing the $2,100 level and then breaking out of a descending trendline. “High $2,100s / low $2,200s then bounce.” Source: Kaleo/X Looking at his chart, the trader suggests ETH could soar past $4,000 within months, a more than 64% gain from the current value. Ethereum is trading for $2,440 at time of writing, down nearly 3% in the last 24 hours. Next up, the analyst says that Solana (SOL) could revisit its yearly high after catching demand near the $120 range. “Nearly there.” Source: Kaleo/X Zooming out, the trader suggests Solana could increase by more than 186% of the current value, hitting $370 before the end of the year. Source: Kaleo/X Solana is trading for...

A closely followed crypto analyst says that one Ethereum (ETH) competitor may retest lower levels within weeks. In a new strategy session, pseudonymous crypto trader Altcoin Sherpa tells his 219,200 followers on the social media platform X that Solana (SOL) could decline at least 14% from its current value. “SOL: $125-$150 remains a good place to accumulate SOL. I still believe this will be one of the best retail chains this cycle and much of the memecoin action is still there. Strong reaction [August 6th] but I still think you get another shot at $125 or lower in a few weeks personally.” Source: Altcoin Sherpa/X The chart shared by the analyst shows Solana has over the course of several months retested the $125 level as a range bottom. Solana is trading for $145 at time of writing, down more than 1% in the last 24 hours. Next up, the analyst suggests that Bitcoin (BTC) may revisit the $40,000 range before soaring. “How I think the next few m...