Crypto was supposed to “democratize” finance, but small buyers remain at a disadvantage when experienced traders cash in

Memecoins have long traded in crypto markets, with Dogecoin perhaps the best-known example. Launched as a joke, the crypto has exploded in popularity over the years, with its price often riding on the whims of its backers — the best known of which is Elon Musk.

The capital is embracing the crypto crowd with President Trump’s return to office, marking a reversal of the Biden administration’s legal pursuit of companies such as FTX.

A TRUMP whale just made a killing, walking away with $11.87 million in profit after cashing out 637,000 tokens eight hours ago, according to on-chain data from Arkham Intelligence.