Ethereum, TRUMP & Tokens – American Wrap 27 May

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The Official Trump (TRUMP) meme coin is trading broadly sideways at $2.85 at the time of writing on Tuesday. This follows last week’s rejection from $16.00, triggered by negative sentiment around the exclusive top TRUMP holders’ dinner with United States President Donald Trump on May 22. 

Ethereum (ETH) is up 4% on Tuesday following Sharplink Gaming’s plan to raise $425 million in a private placement, led by Consensys, to purchase ETH as its primary treasury reserve asset.

The Artificial Intelligence (AI) cryptocurrency sector is up 3% on Tuesday as market participants anticipate an 8% volatility swing in computing firm Nvidia’s (NVDA) market cap ahead of its Q1 earnings report.

 


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