Has the DOJ Already Sold Their Bitcoin? Market Analysts Think So

The DOJ was recently given clearance to sell $6.5 billion worth of Bitcoin – which got everyone in crypto nervous. Investors’ initial reaction was panic

The Department of Justice (DOJ) recently received approval to sell a substantial amount of Bitcoin, sparking concerns among crypto enthusiasts. Initially, investors feared that such a massive sale would lead to a drastic price decline.

However, Bitcoin’s price has remained relatively stable, prompting some renowned analysts to speculate that the DOJ may have already sold its Bitcoin stash. For instance, Bit Paine on Twitter highlighted that the ruling was actually made on December 30 – almost two weeks ago. He suggests that the selling has already occurred, and the market has "absorbed" it.

I bet the DoJ coins have already been sold. Court ruling was filed Dec 30. Market absorbed and is redistributing. SBR is a sure thing now IMO.Trump will see this as an insult and a shot across the bow of his administration.The man never takes an L. pic.twitter.com/3lPjWXKbzv

This scenario would be highly beneficial for crypto in general. It signifies that the market has averted a potential setback, and a new rally may be imminent. Experienced trader PostyXBT believes Bitcoin is completing a “V reversal” up to the $97,000 level. If Bitcoin again breaches this resistance and challenges for $100,000, it could lead to a broader market rally – uplifting altcoins and meme coins.

Top Cryptos to Buy Now

With the Bitcoin drama (hopefully) behind us, astute investors are now seeking the next big market move. Here are five of the best cryptos to buy if the market gains fresh momentum:

1. Wall Street Pepe (WEPE)

Among the hottest meme coins right now is Wall Street Pepe (WEPE). Rather than relying solely on hype, the team is constructing a platform that provides everyday traders with the tools and signals utilized by crypto whales. Additionally, the platform will feature a staking app offering APYs of 28%.

The presale of Wall Street Pepe has garnered immense interest, raising over $45.3 million thus far. During the presale, early investors can acquire WEPE, Wall Street Pepe’s native token, for as little as $000036645.

With a security audit from Coinsult already completed, Wall Street Pepe is emphasizing transparency as a top priority. Combine this with the coin’s practical utility, and there’s a strong case for WEPE being one of the top meme coins to buy this January.

Visit Wall Street Pepe Presale

2. Flockerz (FLOCK)

Flockerz (FLOCK) is taking a unique approach, setting it apart from other cryptos. The team has created a “Vote-to-Earn” system where holding FLOCK gives you a say in how the project is run – and also provides rewards for voting on proposals.

This forms a key aspect of the Flocktopia DAO. Investors seem to be particularly fond of this setup, as evidenced by Flockerz’s presale raising over $9.4 million. However, the presale will end in 12 days, presenting investors with one last opportunity to secure FLOCK at a fixed price before its first exchange listing.

The project now boasts a thriving community on both Twitter and Telegram. Plus, with a high ranking on the popular CoinSniper website, the signs look promising that FLOCK could rally after it hits the open market.

Visit Flockerz Presale

3. Meme Index (MEMEX)

For those interested in unique use cases, Meme Index (MEMEX) is the best crypto to buy now. They have created the first-ever decentralized index fund for meme coins – and this setup is attracting a lot of early attention.

Instead of buying individual meme coins, Meme Index lets community members invest in four different baskets of tokens. Each index has its own risk profile and potential returns, ensuring there’s an option for everyone.

The best part is that MEMEX holders get to vote on which coins are included, so the whole ecosystem is a collective effort. Meme Index even has a staking app offering huge yields of 1,070% per year – ideal for those seeking a passive income stream.

Visit Meme Index Presale

4. Solaxy (SOLX)

Solana has been encountering problems lately, but a new project called Solaxy (SOLX) might have the solution. They’re building a Layer-2 network to eliminate Solana’s congestion issues. The network is similar to the Base network but for Solana instead of Ethereum.

What’s also interesting is that the team is building a bridge between the Ethereum and Solana blockchains. This bridge has endless potential applications, ranging from cross-chain NFTs and DeFi to gaming and the metaverse.

WOW! $9,236,822! @SOLAXYTOKEN ✅ SOLAXY TOKEN - Presale 👉 https://t.co/GR9YK45OyQ pic.twitter.com