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- TARIFFS CAUSE ONE OF THE LARGEST CRYPTO LIQUIDATIONS EVER
TARIFFS CAUSE ONE OF THE LARGEST CRYPTO LIQUIDATIONS EVER
India's Newest Crypto Regulations + Decentralized Sustainability Introduced
Hype Train
February 03, 2025
Presented by Hype
Welcome to the HYPE TRAIN - a newsletter that breaks down what's happening in the crazy world of memecoins. We'll be breaking down the WTF moments, Best Trades, and much more, while trying to provide some humor to your day.
Disclaimer: Take none of this as financial advice & do your own research
Aaand here we go:
Pleasant day to be a degen! Welcome to today’s edition of Hype Train, where we will be covering our staples today:
TOP Memecoin Performances😇
TARIFFS CAUSE MASSIVE LIQUIDATIONS!!!
INDIA’S NEWEST CRYPTO REGULATIONS?!?!?! 😱
AND………………stories that will shake your head🙈
CRYPTO STAPLES🥇*As of 1:00 pm EST on February 3rd
Coin | Price | Market Cap | %Change(24hr) |
|---|---|---|---|
$BTC | $99,010 | $2 Trillion | +2% |
$ETH | $2,707 | $326 Billion | -8.6% |
$SOL | $207.47 | $101 Billion | +2.2% |
HYPE INDEX🐐
$0.00001891 | $1.4 Billion | -6% | |
$0.816 | $800 Million | -20.2% | |
$0.04619 | $443 Million | +6.3% | |
$0.0000009788 | $382 Million | +3.7% | |
$0.2499 | $244 Million | +7.9% | |
$0.03363 | $33.6 Million | +6.3% | |
$0.03821 | $21.2 Million | -6.8% | |
$0.004508 | $4.4 Million | +8.1% |
NEW SCHOOL OF TRADING
$0.02800 | $25.1 Million | +46.4% | |
$0.02262 | $22.4 Million | +47.2% | |
$0.0575 | $4.3 Million | +13.5% | |
$0.003054 | $2.9 Million | +10.5% | |
$0.00125 | $1.2 Million | +39.2% | |
$0.0005010 | $500 Thousand | +5.1% | |
$0.0004789 | $475 Thousand | -0.6% | |
$0.0002252 | $225 Thousand | +2.7% |
TARIFFS CAUSE HUGE LIQUIDATION🫡
$TARIFF | $0.0008146 | $814 Thousand | -32.6% |
Donald Trump's newly announced tariffs on Mexican, Canadian, and Chinese imports have triggered a widespread sell-off in both traditional and crypto markets. Investors fear these tariffs will drive inflation higher, forcing the Federal Reserve to maintain elevated interest rates, which has led to a risk-off sentiment. Stock futures fell sharply, while the crypto market saw steep declines across major assets like BTC ( Fell to $92,000) ETH (-8%), and $WIF (-20%). The total crypto market cap dropped significantly, with trading volume surging as traders scrambled to reposition their holdings.
The sell-off resulted in over $2.2 billion in liquidations, with hundreds of thousands of traders forced out of positions. Ethereum traders saw the largest losses, followed closely by Bitcoin traders. The Fear & Greed Index dropped, reflecting growing investor anxiety. Meanwhile, Canada, Mexico, and China have promised swift retaliation, increasing economic uncertainty. Amid the turmoil, the memecoin $TARIFF saw a temporary surge to $6 Million before falling back to $814 Thousand. With key U.S. economic data set for release this week, market volatility is expected to persist.
JUST IN: $1,000,000,000 liquidated from the cryptocurrency market in the past 24 hours.
— Watcher.Guru (@WatcherGuru)
10:46 PM • Feb 2, 2025
DECENTRALIZED SUSTAINABILITY🗣
$ALLOTT | $0.001105 | $1.1 Million | -31.9% |
Allott, a project initially planning to launch on Ethereum, has now shifted to Solana, integrating with its ecosystem to create a decentralized donation and sustainability platform. The team claims to be disrupting the billion-dollar philanthropy industry by ensuring that 100% of funds reach causes directly while leveraging blockchain for traceability. They emphasize a staking pool that rewards $ALLOTT holders, solar asset funding for renewable energy, and blockchain-verified carbon offset certificates. Future plans include a waste processing plant in India and deploying AquaPods in European waters, with businesses receiving ESG reports for their contributions.
However, skepticism is rising as Allott’s pivot to Solana appears opportunistic, with some viewing it as an attempt to capitalize on the ecosystem’s growth rather than a genuine strategic move. The project’s market cap has fallen to $1.1 Million after initial momentum to $22 Million, and concerns over its legitimacy have surfaced due to its sudden change in blockchain choice and unverified claims about its impact model. If crypto was a country, it would be the 34th highest energy consumption country in the world. There needs sustainability in it, but this is lowkey a lil fishy.
A little update ☀️
Our platform will be built on Solana and integrate with $ALLOTT, creating a decentralized ecosystem where donations reach causes directly and sustainably. We’re effectively disrupting a billion dollar industry by channeling funds 100% to the cause and using… x.com/i/web/status/1…
— Allott (@Allott_Deeds)
1:50 AM • Feb 3, 2025
INDIA CRYPTO POLICY!
India’s latest crypto tax policy introduces a retroactive 70% penalty on unreported digital asset gains, further tightening its already strict regulations. Effective since February 1st and applicable to gains from the past four years, this move places a heavy burden on traders who failed to disclose past profits. Additionally, crypto exchanges are now required to report user transactions to authorities, facing penalties for non-compliance. These measures build on India’s earlier 30% tax on crypto trading profits and reflect the government’s ongoing efforts to control the sector.
In response, major exchanges like Bybit have halted operations in India, pushing investors to relocate funds to more crypto-friendly markets such as Singapore and Hong Kong. Despite these challenges, India’s crypto sector continues to grow, valued at $2.6 billion in 2024 with projections reaching $13.9 billion by 2033. Meanwhile, the government is prioritizing the development of its central bank digital currency (CBDC), signaling a preference for state-controlled digital assets over decentralized cryptocurrencies. However, as global adoption increases, India may face mounting pressure to reassess its stance, especially as other nations integrate crypto into their financial systems.
🚨🇮🇳INDIA RECONSIDERS CRYPTO POLICY AS GLOBAL REGULATIONS SHIFT
India is reviewing its cryptocurrency stance, with officials noting that multiple countries have changed their approach to digital assets.
The policy shift could delay India’s crypto discussion paper, which was due… x.com/i/web/status/1…
— Mario Nawfal (@MarioNawfal)
2:00 PM • Feb 2, 2025
MEME OF THE DAY
what tf is this
🚨| Jaden Smith looks dumb as fuck at the #GRAMMYs .
— Lyric Vault (@LyricVault)
9:55 PM • Feb 2, 2025
HOT NEW COINS (24 Hr)📈
$BUTTCOIN | $0.005067 | $4.8 Million | +7,223% |
$MCVALUE | $0.001829 | $1.8 Million | +1,932% |
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That’s all for today’s edition, see you degens tomorrow!
DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.