KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 31 January 2025 – Memecoins were on the rise in 2024. Their overall market capitalisation increased from $20 billion last January up to $120 billion in December 2024. Such coins as DOGE, PEPE, or SHIB have thrived, primarily driven by community support and innovative strategies. Some experts have even acknowledged meme coins as a viable crypto trend. TRUMP, a meme coin created by Donald Trump, the 45th and 47th U.S. President, has emerged as a speculative and rather controversial asset. However, it may still signal mass adoption of crypto, regulatory warm-ups and new crypto trends. Global broker Octa explains how the meme coin may impact the market.

TRUMP: launch and accelerated growth
Donald Trump surprised society on 17 January 2025, three days before his inauguration, by launching the meme coin TRUMP based on the Solana blockchain. Trump announced the launch on his official X and Truth Social accounts. The coin’s value quickly surged, particularly when it was listed on several CEX (centralised crypto exchanges) like ByBit. Within two days, it increased from $7 on 17 January to $75 on 19 January. The next day, when the President entered the White House, the price soared significantly. The minimum was around $38 per coin. At one point, the coin became the 19th most valuable crypto globally during its peak on 19 January. At the moment of writing the article, the coin ranks 25th on CoinMarketCap in terms of market capitalisation, outperforming popular memecoins like PEPE and, notably, 10-year-old XMR.

TRUMP is considered a memecoin since it has no inherent value, and the asset’s price entirely depends on the market sentiment: buyers and sellers can manipulate the price. Nonetheless, Trump’s fans and crypto enthusiasts have actively supported the coin. The volume of daily traded coins reached its maximum on the inauguration day, 20 January, and surpassed $52 billion.

Currently, the circulating supply accounts for almost a fifth of the whole supply: 200 million tokens. Another 800 million are controlled by Trump-owned entities. The developers plan to release the remaining tokens gradually within three years. However, many experts are concerned because the owner can ruin the market by selling the controlled assets.

MELANIA meme coin: launch and impact on the market
Following the TRUMP coin hype, Melania Trump announced the launch of her own meme coin, MELANIA. While its value almost reached $13 on 20 January, and a lot of crypto traders abandoned TRUMP to trade MELANIA, the asset’s price has dropped since then. The First Lady’s coin was officially presented by her incorporated company, MKT World LLC.

The coin has contributed to the Trump family’s crypto hype. There were even rumours that another coin from Ivanka Trump, the daughter of the elected President, was about to see the world. However, no official news or proof was released, so this could be fake.

The future of TRUMP
TRUMP has been a controversial asset. Some believe it signals ‘a new regulatory era, where governments see crypto as a technology to reach out to the masses directly’. Others are sure that the launch has undermined the credibility of the industry, as the coin is rather volatile and speculative. For example, a popular Bitcoin investor, Erik Voorhees, has criticised the asset.

‘Although TRUMP may be considered as a ‘rug pull’—a quickly abandoned coin—it may have potential longevity. One of the deciding factors is the remaining 80% of the supply and its future’, comments Kar Yong Ang, a financial market analyst at Octa Broker. ‘For now, the future of the asset depends on the crypto society and its willingness to buy TRUMP. This is proved by the MELANIA launch, which shifted liquidity in its favour and significantly dropped the President’s token price.’

Considering the emotion-driven buying frenzy of the TRUMP coin, which potentially drove many newcomers to the crypto market, it’s likely to provoke another rise of memes from celebrities and influencers. While meme coins are known for their high returns, especially during the launch on CEX, they are very volatile and speculative. Traders should avoid quick decisions and overbudgeting to secure their funds.

What is more, it’s advised to beware of scams. For example, there are fake TRUMP tokens now. Moreover, hackers can try to capitalise on the meme hype. Just recently, scammers breached Nasdaq’s X account and promoted a fake meme coin, STONKS. It was launched the same day and was a copycat of a pre-existing memecoin on Solana. Despite this, the project’s market capitalisation reached $80 million. Several days later, the token’s price dropped.

Nonetheless, TRUMP can be considered an evidence of a crypto-favourable regulation. Since Donald Trump was elected as the U.S. President, crypto society has considered this as another proof of an anticipated bull run and crypto mass adoption. For example, Bitcoin hit another ATH (all-time-high) on the inauguration day. This is probably driven by the President’s crypto-related plans, such as industry deregulation or a potential strategic Bitcoin reserve.
Hashtag: #Octa

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Octa

Octa is an international CFD broker that has been providing online trading services worldwide since 2011. It offers commission-free access to financial markets and various services used by clients from 180 countries who have opened more than 52 million trading accounts. To help its clients reach their investment goals, Octa offers free educational webinars, articles, and analytical tools.

The company is involved in a comprehensive network of charitable and humanitarian initiatives, including the improvement of educational infrastructure and short-notice relief projects supporting local communities.

In the APAC region, Octa received the ‘Best Trading Platform Malaysia 2024’ and the ‘Most Reliable Broker Asia 2023’ awards from Brands and Business Magazine and International Global Forex Awards, respectively.

• American creators like Taylor Breanna, Alexis Elise Scott received major awards at the BIGO Awards Gala in Singapore.
• With over 1000 guests in attendance, this year’s gala highlights Bigo Live’s top priority of ensuring user safety while fostering freedom and innovation in content creation, offering content creators and viewers a diverse and harmonious experience.

LOS ANGELES, US – Media OutReach Newswire – 30 January 2025 – American creators including Taylor Breanna, Jarran Muse and Alexis Elise Scott, scored major wins at last Friday’s Bigo Live Awards. The highly anticipated BIGO Awards Gala is now in its sixth edition and organized by leading global social live-streaming platform Bigo Live.

This year’s theme, “LIVE YOUR OASIS,” reflects Bigo Live’s dedication to celebrating creativity, community and sustainability while fostering a safe and innovative digital ecosystem. The award ceremony was held at the iconic Marina Bay Sands, Sands Theatre, marking a significant milestone as it returns to Singapore, the birthplace of Bigo Live.

The gala welcomed an audience of over 1,000 in-person attendees from around the world, while more than 140,000 viewers tuned in online. The evening was a dazzling celebration of global connection and creative achievements. Attendees experienced an unforgettable night of recognition, entertainment and interaction, highlighting the platform’s ongoing commitment to fostering an inclusive and innovative environment for creators and audiences worldwide.

Co-hosted by renowned Singaporean actress and radio DJ Vernetta Lopez and stand-up comedian Rishi Budhrani, the evening kicked off with an electrifying opening song lit up by a spirited EDM performance. Thirty-five performers from around the world, including Jarran Muse from America, delivered a spectacular array of acts, ranging from pop, opera, hip-hop and rock music to acrobatics and dance. This dynamic celebration of cultural fusion underscores the universal power of the arts.

The Gala’s centrepiece is the recognition of exceptional content creators. Over 200 creators and families were honored across categories such as “Most Uplifting Livestream,” “Best Family Content,” and “Global Community Builder.” Categories like “Most Popular Host,” “Most Popular Family,” and “Gala Star” highlight the platform’s emphasis on community engagement and inclusivity.

American creators such as Taylor Breanna and Alexis Elise Scott received multiple accolades at the gala, a testament to their popularity. They received trophies and in-app rewards. Because viewers played an active role in the celebration by voting for their favorite creators in real-time during the event, this indicates the popularity of American creators not just in the United States but in other countries.

In 2025, Bigo Live will launch further community initiatives and programs to champion its creators. These include spotlighting the voices of our diverse community, fundraising campaigns for meaningful causes and masterclasses in partnership with non-profit organizations on content creation for education and advocacy.

“We are really glad to see creators like Jarran Muse, Trac Trac and Taylor Breanna have their time in the limelight at the BIGO Awards Gala 2025. Bigo Live is a platform that connects creators of common interests across the world, so it is heartening to see that our creators are connecting with people thousands of miles away, on another continent,” said Eric Kim, Senior Operations Director at Bigo Live.

Commitment to Safety, Innovation and Sustainability in Live Streaming

Digital content consumption continues to grow at an unprecedented pace, positioning livestreaming as a transformative force reshaping the social media landscape. Since its inception in 2016, platforms like Bigo Live have been at the forefront of this evolution, enabling creators to reach global audiences with ease. According to a recent report by Stream Hatchet, Bigo Live ranked as the 7^th most popular live-streaming platform worldwide in Q3 2024, reflecting its significant impact on the industry.

Through innovative tools such as a Virtual Live and tailored content incentives, Bigo Live has created a thriving ecosystem for creators and viewers alike. The platform’s continuous investment in technological advancements has empowered users to enhance digital interactions and explore new frontiers in creativity.

Through its User-Generated Content (UGC) policies, including stricter private stream verification, advanced moderation practices to reduce oversight gaps and locally relevant content criteria – Bigo Live strives to make the platform a true online oasis for creators and viewers alike, where creativity thrives and connections flourish.

In alignment with its commitment to a greener future, this year’s gala was a carbon-neutral event. By measuring carbon emissions from materials, transportation and electricity and offsetting them with carbon credits, this initiative marks the first step in identifying emission sources and hotspots. Bigo Live emphasizes its role as a responsible industry leader, setting new standards for environmentally conscious digital platforms.
Hashtag: #bigo #bigolive #bigoawardsgala

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Bigo Live

Bigo Live is one of the world’s fastest-growing live-streaming social communities where users broadcast in real-time to share life moments, showcase their talents and interact with people from around the world. Bigo Live has around 500 million users in over 150 countries and is currently the market leader in the live streaming industry. Launched in March 2016, Bigo Live is owned by Bigo Technology, based in Singapore.

Shattering Dual Records for Box Office and Attendance

SHANGHAI, CHINA – Media OutReach Newswire – 30 January 2025 – IMAX China set a record Chinese New Year opening day with a whopping $12 million in box office revenue, eclipsing the previous record set in 2021. Additionally, with 1.2 million admissions nationwide, IMAX achieved its highest day-one attendance in history, paving the way for a robust new year.

IMAX captured 5% of the Chinese New Year box office to date with 1% of the total screens, marking its highest percentage of first-day results ever. Notably, 7 out of the top 10 highest-grossing theaters nationwide were IMAX venues, highlighting the audience’s strong preference gravitating toward the IMAX experience.

This year’s Chinese New Year holiday is widely acclaimed as the strongest in history, with exceptional audiovisual effects recognized as a key factor in drawing audiences to theaters. Five blockbusters landed in IMAX theaters, marking the largest lineup in history, including “Creation of the Gods II: Demon Force,” featuring IMAX’s exclusive aspect ratio; “Operation Hadal,” a Filmed for IMAX title shot entirely with IMAX certified camera; “Nezha 2,” “Detective Chinatown 1900,” and “The Legend of the Condor Heroes.” With their strong IP appeal, diverse genres, and high-quality audiovisual spectacles, this robust lineup caters to a broad audience demographic, creating significant momentum for IMAX’s Chinese New Year holiday window.

Hashtag: #boxoffice #chinafilmmarket #chinafilm #Imax #ImaxChina #HK1970

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