Recent data highlights significant activities involving Shiba Inu (SHIB) tokens, with large holders or “whales” moving trillions of tokens to various cryptocurrency exchanges.
From mid-May to the end of the month, the volume of SHIB on trading platforms escalated from 144 trillion to over 147.5 trillion coins.
This transfer of over four trillion SHIB, valued at approximately $103 million, suggests notable market behaviors.
On May 29, a significant price fluctuation was observed as SHIB’s price spiked to $0.000029, marking a 21% increase.
This peak was followed by a decline of 12.16%, likely influenced by substantial sell-offs. The latest trading data shows SHIB at around $0.00002584.
The Shibburn tracking platform has also reported an uptick in SHIB burning activities.
In recent efforts, nearly 9.85 million SHIB were sent to irretrievable addresses in 13 transactions.
Notable among these were burns of 2.92 million, 2 million, and 1.5 million SHIB.
These actions are part of an ongoing effort by the SHIB community to reduce the circulating supply and potentially boost the token’s value.
READ MORE: Binance Founder Changpeng Zhao Begins Prison Sentence, Plans Return to Crypto Post-Release
Highlighting the history of such activities, three years ago, Ethereum co-founder Vitalik Buterin performed a significant burn of 410 trillion SHIB, a move that decisively impacted the SHIB ecosystem.
This event took place in 2021 after Buterin received half of the total SHIB supply from its anonymous creator, Ryoshi.
Buterin decided to destroy most of these tokens, allocating the remainder—90 trillion SHIB—to a crypto charity supporting pandemic relief in India.
This monumental burn is often mentioned as a crucial moment that enhanced SHIB’s reputation in the cryptocurrency market.
In summary, the recent movements of SHIB by whales and the community’s burning initiatives represent strategic maneuvers aimed at affecting the token’s market dynamics.
As the cryptocurrency environment evolves, these activities are expected to continually influence SHIB’s valuation and its standing in the digital asset realm.
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.
Musk’s Cyborg could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did.
Musk’s Cyborg (MUSKCYB), a new Solana memecoin that was launched today, is poised to explode over 14,000% in price in the coming days.
This is because MUSKCYB has announced its first centralized exchange listing, which will be on KuCoin.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.
Currently, Musk’s Cyborg can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Musk’s Cyborg could become the next viral memecoin.
Musk’s Cyborg launched with over $6,000 of locked liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
To buy Musk’s Cyborg on Raydium or Jupiter ahead of the KuCoin listing, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Musk’s Cyborg by entering its contract address – zA67dhDYz4AzQ2rtfySpq7SNCo8aopw64AjuDbGfo6q – in the receiving field.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like MUSKCYB.
Doge Loves Trump (DOTRUMP) could become a viral memecoin, like Shiba Inu (SHIB) and Dogecoin (DOGE).
Doge Loves Trump (DOTRUMP), a Solana memecoin that was launched this week, is aiming to challenge other memecoin giants, such as Shiba Inu (SHIB) and Dogecoin (DOGE).
Early investors in SHIB and DOGE made astronomical returns, and Doge Loves Trump presents a similar opportunity.
Doge Loves Trump has a market cap below $10,000 at the moment, meaning that when it just reaches a modest market cap of $400,000-$800,000, early investors would generate returns of 2,000%-5,000% in a matter of days or hours.
The exciting memecoin is poised to rally 11,000% in the coming two days, and Doge Loves Trump could potentially reach a multi-million dollar market cap within a few weeks.
Currently, Doge Loves Trump can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
To buy Doge Loves Trump on these platforms, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Doge Loves Trump by entering its contract address – AQSeJZGNc2UD9okyyy6uWmUGdxKK1DYrr7eEQ9mstQbc – in the receiving field.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like DOTRUMP.
Coinbase has accused the U.S. Securities and Exchange Commission (SEC) of employing a regulation-by-enforcement strategy to deliberately stifle the cryptocurrency industry.
In a May 31 filing with the U.S. Court of Appeals, Coinbase critiqued the SEC’s reluctance to establish clear and equitable regulations for the crypto sector, which they argue is intended to “choke” the industry’s growth.
In the document, Coinbase expressed frustration with the SEC’s approach, stating, “The SEC is serious about the destruction of digital assets.”
The filing highlighted the agency’s apparent disinterest in negotiating fair rules, noting that giving the SEC more opportunities to clarify its position would be “both pointless and exquisitely undeserved.”
Coinbase also argued that the SEC does not see it as its responsibility to ensure compliance is feasible, claiming that the agency finds its current rules “workable enough” as evidenced by its litigation against various firms for rule violations.
This stance was reinforced by the mention of other SEC Commissioners who agree that the SEC’s actions are detrimental to the progress of digital assets and innovation.
The situation has been further complicated by legal actions the SEC has taken against firms like Coinbase. In June 2023, the SEC sued Coinbase for operating without proper registrations as a broker, securities exchange, or clearing agency.
Despite efforts to dismiss the lawsuit, Coinbase has faced opposition from the SEC at every turn.
READ MORE: Biden Vetoes Repeal of Controversial Crypto Guidelines, Sparking Criticism from Senator Lummis
Even with a forecast by Bloomberg’s senior litigation analyst Elliott Stein, suggesting a 70% likelihood of a full dismissal, the case remains unresolved.
Amidst these tensions, SEC Commissioner Hester Pierce has proposed solutions like a cross-border sandbox program to facilitate cooperation between U.S. and U.K. firms experimenting with tokenized securities.
During a panel at Consensus 2024, Pierce criticized the SEC’s unyielding bureaucracy, noting, “One of the problems that we’ve had is that people have tried to come into the SEC to get relief, but, you know, you sort of come in, and nothing happens.
“This would […] force the SEC’s hand a little bit.”
While Coinbase acknowledges that the SEC’s stringent rules might only affect a small portion of the market, it argues that the overall approach remains oppressive.
The company and other stakeholders in the crypto industry continue to push for fairer regulatory treatment as the SEC maintains its stringent stance.
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.
Early investors in memecoins like Shiba Inu (SHIB), Bonk (BONK) and Dogecoin (DOGE) made astronomical returns, and Pepe Loves Solana (PEPELSOL) presents a similar opportunity for a limited time.
Pepe Loves Solana (PEPELSOL), a newly launched Solana memecoin, is poised to explode over 14,000% in a matter of days, as former Shiba Inu (SHIB), Bonk (BONK) and Dogecoin (DOGE) investors pour funds into this new token.
PEPELSOL will be listed on KuCoin, one of the largest centralized exchanges in the world, within a few days – and this is a massively bullish development for the token, as millions of new investors will easily be able to buy Pepe Loves Solana.
Currently, Pepe Loves Solana can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
To buy PEPELSOL on these platforms, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Pepe Loves Solana by entering its contract address – 5wjHhZyWzpCgCr7DtSwctAEH8ujGkJYuyXG9DeQKnX6R – in the receiving field.
PEPELSOL currently has a market cap of just under $10,000, with over $4,000 in locked liquidity, meaning it has huge upside potential.
Early investors could make returns similar to those who invested in Shiba Inu (SHIB), Dogecoin (DOGE) and Bonk (BONK) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The recently introduced Telegram-linked cryptocurrency, Notcoin (NOT), has been making waves in the crypto market due to its notable price surge.
On May 30, 2024, a significant milestone was announced via X (formerly known as Twitter), stating that Notcoin’s onchain holder count has surpassed that of other popular meme tokens like Shiba Inu, Bonk, and Pepe.
The announcement detailed that Notcoin now boasts 1.6 million onchain holders, surpassing Shiba Inu’s 1.4 million, Bonk’s 731,000, and Pepe’s 235,000.
This substantial increase is a testament to the growing investor interest and confidence in Notcoin.
The rise in Notcoin’s onchain holders coincides with a sharp increase in its price.
Over the past 24 hours, the price of NOT has soared by 28%, currently trading near $0.0116.
This surge is part of a broader trend observed over the past week, with NOT experiencing a 130% increase, despite a 20% decline over the past month.
The positive price movement of Notcoin is partly attributed to a recent promotional staking offer, which has since concluded, signaling strong market demand.
READ MORE: Franklin Templeton Fires First Shot in Ether ETF Fee War with 0.19% Sponsor Fee Disclosure
Technical analysis suggests that NOT is on a bullish trajectory, evidenced by a significant breakout and the closing of its first daily candle in positive territory.
The optimism surrounding Notcoin is further bolstered by external factors such as the U.S. Securities and Exchange Commission’s (SEC) approval of a spot Ethereum ETF.
Given that NOT is built on the Ethereum blockchain, this development could have indirect positive implications for its value.
In contrast, other major meme coins are struggling to maintain momentum.
Dogecoin (DOGE), Shiba Inu (SHIB), Pepe (PEPE), dogwifhat (WIF), and Bonk (BONK) have seen declines of 3.54%, 2.5%, 4.5%, 7.5%, and 10% respectively over the same period.
This comparative performance emphasizes Notcoin’s recent success not only in expanding its onchain holder base but also in achieving substantial price gains, distinguishing it from its peers in the volatile meme coin market.
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.
Musk’s Cyborg could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did.
Musk’s Cyborg (MUSKCYB), a new Solana memecoin that was launched today, is poised to explode over 14,000% in price in the coming days.
This is because MUSKCYB has announced its first centralized exchange listing, which will be on KuCoin.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.
Currently, Musk’s Cyborg can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Musk’s Cyborg could become the next viral memecoin.
Musk’s Cyborg launched with over $6,000 of locked liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
To buy Musk’s Cyborg on Raydium or Jupiter ahead of the KuCoin listing, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Musk’s Cyborg by entering its contract address – zA67dhDYz4AzQ2rtfySpq7SNCo8aopw64AjuDbGfo6q – in the receiving field.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like MUSKCYB.
Doge Loves Trump (DOTRUMP) could become a viral memecoin, like Shiba Inu (SHIB) and Dogecoin (DOGE).
Doge Loves Trump (DOTRUMP), a Solana memecoin that was launched today, is aiming to challenge other memecoin giants, such as Shiba Inu (SHIB) and Dogecoin (DOGE).
Early investors in SHIB and DOGE made astronomical returns, and Doge Loves Trump presents a similar opportunity.
Doge Loves Trump has a market cap below $10,000 at the moment, meaning that when it just reaches a modest market cap of $400,000-$800,000, early investors would generate returns of 2,000%-5,000% in a matter of days or hours.
The exciting memecoin is poised to rally 11,000% in the coming two days, and Doge Loves Trump could potentially reach a multi-million dollar market cap within a few weeks.
Currently, Doge Loves Trump can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
To buy Doge Loves Trump on these platforms, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Doge Loves Trump by entering its contract address – AQSeJZGNc2UD9okyyy6uWmUGdxKK1DYrr7eEQ9mstQbc – in the receiving field.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like DOTRUMP.
Ripple remains steadfast in its commitment to blockchain technology despite regulatory hurdles, exemplified by its $25 million investment in Fairshake.
This move aligns perfectly with their goal of driving global crypto adoption.
In a recent interview at Consensus 2024, Ripple CEO Brad Garlinghouse highlighted the urgent need for improved U.S. policies and regulatory frameworks for cryptocurrencies.
Garlinghouse stressed the importance of clarity in regulation, criticizing the SEC’s inconsistent approach to the crypto industry:
“For the U.S. to remain competitive, it is crucial to establish clear and consistent crypto regulations. The SEC’s contradictory lawsuits create confusion.”
He argued that updated policies are essential to keep up with the rapidly evolving financial landscape, especially in the realm of cryptocurrencies.
The discussion at the conference also touched on the potential for cryptocurrencies like XRP, Solana [SOL], and Cardano [ADA] to be included in ETFs.
Garlinghouse expressed confidence in the inevitability of such financial products:
“The introduction of ETFs for XRP, Solana, and Cardano is just a matter of time. Such advancements are favorable for the market.”
This viewpoint is supported by other industry experts. Brian Kelly from CNBC’s ‘Fast Money’ speculated that a Solana spot ETF might soon be approved in the U.S.
Cathie Wood, CEO of ARK Invest, also noted the significance of Ethereum ETFs’ approval, signaling wider acceptance of cryptocurrency investments.
READ MORE: 21Shares Updates Ethereum ETF Application and Ends Partnership with ARK Invest
Garlinghouse also commented on the increasing role of cryptocurrencies in political discussions, especially as elections approach.
He criticized the SEC’s approach under Gary Gensler, which he believes complicates participation for both institutional and retail investors:
“It’s not surprising to see crypto becoming a focal point in presidential debates. The lack of clear regulations hinders market growth.”
He concluded by calling for the U.S. to formulate sensible and transparent regulations to match the pace of global economic leaders in the cryptocurrency space.
In summary, Ripple’s proactive approach towards regulatory clarity and substantial investments in blockchain technology highlight its ongoing commitment to the crypto industry.
The ongoing discussions about crypto-ETFs and regulatory frameworks underscore the intersection of U.S. politics and cryptocurrencies, emphasizing the need for modernized regulations to foster innovation and market expansion.
Clearer and more comprehensive guidelines will be crucial for the continued development of the digital asset market.
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.
Doge Loves Trump (DOTRUMP) could become a viral memecoin, like Shiba Inu (SHIB) and Dogecoin (DOGE).
Doge Loves Trump (DOTRUMP), a Solana memecoin that was launched today, is aiming to challenge other memecoin giants, such as Shiba Inu (SHIB) and Dogecoin (DOGE).
Early investors in SHIB and DOGE made astronomical returns, and Doge Loves Trump presents a similar opportunity.
Doge Loves Trump has a market cap below $10,000 at the moment, meaning that when it just reaches a modest market cap of $400,000-$800,000, early investors would generate returns of 2,000%-5,000% in a matter of days or hours.
The exciting memecoin is poised to rally 11,000% in the coming two days, and Doge Loves Trump could potentially reach a multi-million dollar market cap within a few weeks.
Currently, Doge Loves Trump can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
To buy Doge Loves Trump on these platforms, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Doge Loves Trump by entering its contract address – AQSeJZGNc2UD9okyyy6uWmUGdxKK1DYrr7eEQ9mstQbc – in the receiving field.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like DOTRUMP.