From Nasdaq:

The week saw a variety of crypto news, with Dogecoin’s value surging, Trump making significant moves in the Ethereum and MAGA Coin markets, a Colorado pastor admitting to fraud charges, and an increase in Shiba Inu’s burn rate. Dogecoin gained 10% value after X App announced a dedicated account for its planned payment feature.

Trump sold more than 1,000 Ethereum and made $2.4 million. He mainly sold Ethereum from royalties for his NFT projects. The NFTs remain in high demand despite the sale, with the cheapest one listed for over $600.

Colorado pastor Eli Regalado admitted to fraud charges, confessing that he and his partner Kaitlin Regalado misappropriated $1.3 million. He faces accusations from the Colorado Securities Commission and made a public confession in a video.

Trump reportedly reaped a 15,000% return from his initial $7,100 investment in the MAGA (TRUMP) coin, now estimated at over $1.07 million. The meme coin’s value has skyrocketed.

The ‘Dogecoin killer,’ Shiba Inu (SHIB) token burn activity saw a 4,200% surge, with a reduction of 15.72 million SHIB tokens from the actively traded supply due to three anonymous entities sending 13 million SHIB tokens to an unrecoverable address.



Read more: Trump Dumps Ethereum, ‘Dogecoin Killer’ Shiba Inu’s Burn Rate Soars And More: This Week In Cryptocurrency