Meme Moguls raises $1.9m in presale, USDT on Tron surges while XRP faces pressure

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Tron’s USDT Circulation Hits New Heights

As the digital currency space continues to expand, Tron’s (TRX) version of Tether (USDT) has reached a significant milestone. For the first time ever, the Tron blockchain is circulating over 50 billion USDT, indicating a growing trust and adoption among users. The number of TRC20-USDT holding accounts has surpassed 36 million, with an impressive count of over 1.49 billion transfers, signaling a robust and active network.

XRP Struggles Amidst Market Challenges

XRP, on the other hand, is facing a downward trend, influenced by a mix of factors including negative ETF developments, significant whale transactions, and technical patterns that suggest bearish sentiment. The cryptocurrency has broken through key support levels at $0.600 and $0.550, and is now teetering on the edge of the $0.500 support line. Ripple’s ongoing legal tussles with the SEC further contribute to the wary outlook from investors.

Spotlight on Meme Moguls

Meme Moguls is not just a meme exchange leveraging blockchain technology; it’s a burgeoning community for enthusiasts to engage with their favorite internet culture artifacts. The platform goes beyond simple trading, offering educational and strategic development opportunities for its members. The inclusive nature of Meme Moguls allows anyone to partake in its offerings, which include a Fantasy Trader play-to-earn (P2E) game and a metaverse called Moguls Land, where participants can contribute to liquidity pools or engage in token mining.

The Rise of MGLS Token

The MGLS token stands at the core of Meme Moguls, functioning as the utility token that facilitates all activities within the ecosystem. From staking to governance, MGLS provides a versatile tool for users to maximize their engagement with the platform. Currently in stage 5 of its presale, MGLS is available at a price of $0.0036, with the project having successfully raised over $1.9 million. New users can also benefit from a 30% registration bonus, adding to the appeal of the burgeoning platform.

Disclosure: The information provided in this article is for educational purposes only and should not be considered as investment advice.

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