Despite a staggering 254,078% spike in Shiba Inu’s burn rate eliminating 5.63 billion tokens in 24 hours, historical patterns and current market indicators suggest limited potential for sustained price growth.
As Bitcoin surpasses $68,000, meme coins Woman Yelling At Cat (WYAC) and Phili Inu (PHIL) experience double-digit gains, while POPCAT shows signs of cooling off.
Pepe ($PEPE) outperforms major meme coins like Dogecoin and Shiba Inu, as the meme coin market experiences a significant uptick. Meanwhile, a new contender, Pepe Unchained ($PEPU), enters the scene with innovative Layer 2 technology.
A major crypto whale has purchased 420 billion Pepe (PEPE) tokens in two separate transactions, sparking interest in the meme coin despite its recent price struggles.
Solana-based meme coin dogwifhat (WIF) experiences a 20% price increase amid Bitcoin’s rebound to $57,000, reflecting broader market recovery and increased trading activity.
Elon Musk’s recent comments about his affinity for Dogecoin have rekindled speculation about the meme cryptocurrency’s potential to reach $1, despite his cautious approach to crypto promotion.
A massive liquidation of 41.5 million Dogecoins occurred within 24 hours, causing a 7.89% price drop and highlighting the volatility in the meme coin ecosystem amid broader crypto market declines.
Raoul Pal, the founder and CEO of Real Vision and Global Macro Investor, has disclosed his biggest meme coin investments, with Whiff and Bonk being his two equally weighted top bets. He also holds Dogecoin and believes it could potentially become the next meme coin ETF.
A report reveals that Solana became the fastest blockchain, outperforming Ethereum and Polygon, during the recent meme coin craze, reaching a record 1,504 transactions per second.
A Shiba Inu content specialist has reiterated her confidence in the meme coin’s potential to reach $0.01, fueling renewed optimism among investors. The recent market uptrend and SHIB’s impressive price rally have rekindled hopes of a significant price surge.
