Top 5 Most Viral Crypto Events in the US – May 2025

The crypto world is heating up again in the United States with a mix of high-level regulation, celebrity drama, and explosive memecoin action. Here are the five most viral crypto events shaking the industry this month:

1. Justin Sun Becomes the Largest Holder of $TRUMP Memecoin

Crypto billionaire Justin Sun claims to be the largest holder of the Trump-themed memecoin $TRUMP, launched by Trump-affiliated entities. Sun is even scheduled to attend a gala with former President Trump in Virginia.

This move has stirred controversy, with critics arguing it monetizes access to Trump and raises potential conflicts of interest around crypto regulation.
Source: Politico

2. The GENIUS Act: Stablecoin Regulation Passes in Senate

The U.S. Senate has passed the GENIUS Act, a landmark federal bill to regulate stablecoins. The legislation mandates that stablecoins must be fully backed 1:1 by liquid assets and comply with anti-money laundering laws.

Despite concerns about Trump family ties to the crypto industry, the bill moved forward and is expected to reshape the landscape.
Source: Business Insider

3. “Hawk Tuah” Girl’s Crypto Scandal: $HAWK Coin Collapse

Viral star Haliey Welch, a.k.a. the "Hawk Tuah" girl, admitted she didn’t understand crypto when she promoted $HAWK, a memecoin that quickly pumped then crashed.

Welch says she was exploited and made no money from the token. The SEC and FBI are now investigating, with Welch cooperating as a witness.
Source: NYPost

4. Coinbase Joins S&P 500 Amid Cyberattack Crisis

Coinbase became the first crypto firm included in the S&P 500, marking a major milestone. However, the good news was shadowed by a major cyberattack where third-party contractors were bribed to leak customer data.

Estimated losses reached $400 million, although no customer funds were reportedly stolen.
Source: The Guardian

5. Memecoins Are Exploding: $TRUMP, $HOUSE, $BONK

The memecoin mania is alive and well with $TRUMP, $HOUSE, and $BONK posting massive gains this month.

• $TRUMP soared with Sun’s backing.
• $HOUSE gained momentum after viral TikTok clips.
• $BONK, initially a Solana meme, saw record volume.

While speculative, memecoins remain a driving force in crypto culture.
Source: CCN

Final Thought:

Whether it’s memecoins, legislation, or celebrity controversies, May 2025 proves that crypto in the U.S. is anything but boring. Stay informed, stay cautious.