Crypto Highlights: Musk's X App Boosts Dogecoin, Trump's Moves, and Shiba Inu's Surging Burn Rate

Dogecoin's Meteoric Rise on Musk's X App Buzz

The value of Dogecoin (DOGE) surged over 10% after Elon Musk's X app introduced a dedicated account for its planned payment feature. Analysts predict a potential rally, with DOGE possibly reaching $0.10. Speculation is rife that X/Twitter may adopt DOGE as a universal payment method.

Trump Sells Over 1,000 Ethereum, NFT Demand Remains High

Former President Donald Trump reportedly sold more than 1,000 Ethereum (ETH), earning over $2.4 million. The Ethereum came from royalties for Trump's NFT projects. Despite the sale, demand for the NFTs remains strong, with the cheapest one listed at over $600, a significant increase from the original $99.

Colorado Pastor Confesses to Crypto Scam

Online pastor Eli Regalado, founder of INDXcoin, based in Colorado, admitted to fraud charges amounting to $1.3 million. Facing accusations from the Colorado Securities Commission, Regalado and his partner Kaitlin Regalado confessed to misappropriation in a video.

Trump's MAGA Coin Investment Soars

Apart from Ethereum, Trump gained a remarkable 15,000% return on his investment in the MAGA (TRUMP) coin. Arkham Intelligence reports Trump's initial $7,100 stake in the meme coin has skyrocketed to an estimated value exceeding $1.07 million.

Shiba Inu's Token Burn Sees Astonishing Surge

The 'Dogecoin killer,' Shiba Inu (SHIB), experienced an unprecedented 4,200% surge in token burn activity within 24 hours. This substantial reduction of 15.72 million SHIB tokens from the actively traded supply is attributed to three anonymous entities sending 13 million SHIB tokens to an unrecoverable address.