The alleged laundering via meme coins highlights the growing need for regulatory oversight in the volatile cryptocurrency market.
The post LIBRA & MELANIA insiders allegedly launder funds via meme coin amid DOJ probe appeared first on Crypto Briefing.
After recording a bearish weekend, the bearish influence over the crypto markets escalated. With the huge drop in the S&P 500, the crypto markets also slashed, wiping out over $200 billion. The major tokens like Bitcoin, Ethereum, and Solana faced huge pullbacks, forming fresh bottoms. In the times when these prices continue to flash bearish …
Just a few days after the unpleasant ‘rise and fall’ of LIBRA, a meme coin backed by Argentinian president Javier Milei, another meme coin has triggered discussions in the cryptocurrency market. This time, American rapper, designer, and entrepreneur Ye, formerly known as Kanye West, is the one who is preparing to try his luck in …
The once dominant Shiba Inu (SHIB) is enduring a severe cryptocurrency downturn, seeing a significant 26% price reduction in the last month. Current data indicates the meme token is trading at $0.00001476, with a market capitalization of around $8.7 billion. Despite a slight 1.35% increase in the past 24 hours, SHIB’s general trend remains bearish, indicative of larger market concerns. Related Reading: Chainlink Activity Spikes—2,300 Fresh Addresses In Last 7 Weeks Whale Exodus Endangers Shiba Inu Stability Despite concerns over bearish indicators, some analysts spot optimism in SHIB’s price action. Crypto specialist Javon Marks highlighted an Inverse Head & Shoulders pattern, a formation that typically signals a potential price reversal. According to Marks’ estimate, this configuration might raise SHIB by 400%, bringing its value to $0.000081. However, considering the state of the market today, such projections require careful interpretation. $SHIB (Shiba Inu) prices maintaining the structure of a large Inverse Head & Shoulder and with the $0.000081 target still in play, an over 402% run to reach it could come out of this! https://t.co/WwgfDoTpcU pic.twitter.com/wuZ6c2yrlY — JAVON⚡️MARKS (@JavonTM1) February 22, 2025 Technical Analysis Paints Contrasting Picture With $111 million worth of trades every 24 hours, SHIB controls 0.30% of the entire market. But investors don’t seem to be as sure of themselves because large transactions on the Shiba Inu network have dropped by more than 80% in the last 12 weeks. The sharp decline in whale activity shows that big players’ trust is fading, which makes crypto advocates worry about the short-term future of the coin. Critical Support Levels Under Examination Market analysts are attentively observing two critical support levels that may dictate SHIB’s outcome. The primary support level is set at $0.000011, with a secondary support established at $0.000008. These price levels signify essential thresholds where purchasing demand has traditionally arisen to mitigate negative tendencies. A break beneath these thresholds could precipitate a more pronounced decline, whereas effective defense may restore buyer trust. Related Reading: Against The Tide: SEI Climbs 16% As Market Wobbles Post Bybit Hack The Road Ahead For SHIB The next few weeks will likely make or break Shiba Inu’s market situation. With a drop of 8% this week and a monthly loss of the same amount, the token is facing mounting challenges. The significant disparity between the diminishing interest in whales and the positive technological forecasts has created ambiguity. A decline in large-scale transactions indicates that traders may exercise increased caution, while some maintaining optimism for an unexpected reversal. As investors and holders monitor these developments, SHIB’s short-term trajectory may hinge on its ability to maintain its present price within a secure range. Featured image from Gemini Imagen, chart from TradingView
Dogecoin is holding firm above major support at $0.22 despite repeated threats to break below in the just concluded week. Amidst these fluctuations, an interesting technical indicator suggests that Dogecoin’s long-term rally is still intact. This technical indicator’s outlook was pointed out by crypto analyst Trader Tardigrade, who used the Gaussian Channel, a popular momentum tool, as evidence that Dogecoin’s bullish momentum is still in play despite the current selling pressures. Related Reading: Dogecoin Whales Go On A 110-Million Memecoin Buying Spree—What’s Next For DOGE? Gaussian Channel Shows Continued Bullish Strength For Dogecoin Dogecoin’s price trajectory has been highlighted by a decline since mid-January. This decline has seen Dogecoin fall by as high as 47% from a lower high of $0.4159 on January 18. The price correction is even more pronounced when considering its multi-year high of $0.475, which it achieved on December 9, 2024, from which Dogecoin has now corrected by approximately 54%. This notable correction has also seen the development of a few bearish signals on the Dogecoin price chart. One such bearish development is the rejection at a macro resistance and the failure to reclaim the macro golden pocket in the recent week. However, despite the notable correction in the Dogecoin price, the meme coin seems to be still trading in an uptrend in the longer term. This long-term outlook is revealed through the analysis of Dogecoin on the weekly candlestick timeframe using the Gaussian Channel. The Gaussian Channel is a lesser-known technical analysis tool that helps identify trends and cycles in price movements by highlighting green and red zones in different market cycles. The green zones represent periods of upward momentum, where the price is expected to keep growing. On the other hand, red zones indicate periods of correction or consolidation, during which the market pauses before resuming its upward trajectory. According to a Dogecoin price chart shared by crypto analyst Trader Tardigrade on social media platform X, Dogecoin entered into its most recent green zone on the Gaussian Channel in 2024. However, despite the recent correction, it has remained in this green zone, indicating that Dogecoin’s uptrend is still active in the long term. Image From X: Trader Tardigrade Long-Term Price Target For DOGE With the Gaussian Channel still indicating the green zone for Dogecoin, the rally could resume anytime soon. According to Trader Tardigrade’s projection, this rally will be enough to push DOGE above multiple resistance levels at $0.3, $0.4, and the recent multi-year high of $0.475. If momentum builds and buying pressure increases, Dogecoin may even retest its all-time high of $0.7316, which has remained unchallenged since the peak of the 2021 bull run. Related Reading: Bitcoin’s Grip Tightens — CZ Says There’s ‘No Escape’ From Crypto Beyond these immediate targets, Tardigrade’s analysis suggests that the meme coin’s long-term trajectory could extend well beyond the $1 mark. The forecast envisions an even more aggressive rally that could see Dogecoin climbing as high as $4.1. At the time of writing, Dogecoin is trading at $0.247, up by 1.5% in the past 24 hours but down by 25% since the beginning of February. Featured image from TheStreet, chart from TradingView
Dogecoin (DOGE) has once again captivated the crypto market, as significant investors have initiated transactions that suggest a potential price increase. Related Reading: Bitcoin’s Grip Tightens — CZ Says There’s ‘No Escape’ From Crypto DOGE billionaires have amassed approximately 110 million tokens in the past 48 hours, indicating a significant level of interest in the meme-inspired cryptocurrency. Although some analysts interpret this as a positive sign, technical indicators show the path ahead may not be as smooth as some might expect. Whales Make A Splash With 110 Million DOGE Wealthy buyers has recently loaded up their bags with millions of Dogecoin tokens. Although this buying has led to rumors of a possible breakout, it is common for whales to gather assets before big price changes. The price of DOGE is about $0.244862 right now. Its high point for the day was $0.247588 and its low point was $0.243102. It looks like whales are getting ready for a possible upswing during this accumulation phase, but it’s not clear if this will lead to a continuous rise. Key Resistance And Support Levels In Focus A technical study shows that Dogecoin is now facing strong resistance between $0.2556 and $0.2650. If the bulls break through these levels, a bigger rise could start. Even so, the fact that it failed to break through support could lead to a retracement or more stabilization. The most critical support zone for #Dogecoin $DOGE is between $0.19 and $0.16. If this level holds, the $3 target remains a strong possibility. pic.twitter.com/VZyqSM2p8U — Ali (@ali_charts) February 22, 2025 DOGE’s weakness is that it needs strong support at $0.19 and $0.16. According to crypto analyst Ali Martinez, it is very important for the meme coin to stay above these support zones in order to keep any positive progress going. If this support doesn’t cave in, the $3 target for the meme coin remains a strong possibility, Martinez said. But, if DOGE drops below these values, a more severe correction may be on the way. Technical Indicators & Mixed Signals Despite the buildup of whales, technical signs suggest a more cautious stance. At the moment, the Relative Strength Index (RSI) is close to neutral. Meanwhile, the Moving Average Convergence Divergence (MACD) is showing signs of bearishness, indicating that there can be pressure to the downside. In order to ascertain whether whale activity will be enough to reverse the present negative momentum, traders are keeping a careful eye on these indications. Because of the contradicting messages, it is unclear what DOGE will do next. Could Dogecoin Ever Make It To $3? Related Reading: Dogecoin Whales Go On A 110-Million Memecoin Buying Spree—What’s Next For DOGE? The idea of Dogecoin hitting $3 has the cryptocurrency community excited, but this is still only a theoretical goal. Although considerable accumulation indicates confidence among large participants, the feasibility of such a price hike will ultimately depend on market conditions and technical resistance levels. Featured image from Pexels, chart from TradingView
Kanye's controversial crypto venture highlights the potential for celebrity influence to disrupt and polarize the digital currency space.
The post Kanye West plans ‘Swasticoin,’ eyes blockchain launch, and claims ‘only broke boys rug pull’ appeared first on Crypto Briefing.
Shiba Inu (SHIB) the top meme coin is showing strong bullish potential with a confirmed double-bottom pattern and rising open interest. Shiba Inu (SHIB) Price Prediction for February 23 After a notable price drop following Bybit’s $1.4 billion crypto heist, the overall cryptocurrency market appears to be recovering. Amid this, Shiba Inu (SHIB), the popular …
Ye's crypto venture could reshape celebrity influence in digital finance, challenging traditional platforms and sparking regulatory scrutiny.
The post Kanye West says he drops coin next week, claims all current ones are fake appeared first on Crypto Briefing.
The crypto market is paying attention to a massive Dogecoin (DOGE) transaction. A whale transferred 100 million DOGE, or about $25.42 million, to Binance. The move has raised questions about whether a sell-off is about to happen or if this is just another typical shift in holdings. Related Reading: Bitcoin Ready For ‘Take Off’—Analyst Reveals Key Signals Whale Activity Sparks Concerns When a major cryptocurrency holder moves a sizable amount of their holdings to an exchange, it usually means they want to sell. The price of DOGE may drop as a result, which would cause smaller investors to react. However, cryptocurrency expert Ali Martinez noted a decline in whale activity overall, suggesting that major investors are not acting aggressively for the time being. Whale activity on the #Dogecoin $DOGE network has declined by nearly 88% since mid-November! pic.twitter.com/6X4CIH3mf8 — Ali (@ali_charts) February 17, 2025 DOGE’s present market performance points to vagueness. As of the time of writing, the price is $0.255622; an intraday high is $0.257605 and a low is $0.250725. These swings imply a rather limited trading range; but, if more significant holders decide to sell their shares, volatility might increase. Market Sentiment Remains Divided According to certain traders, the whale transfer is a bearish signal, while others believe that its influence may be negligible unless an influx of additional coins occurs. Dogecoin has a history of reacting sharply to whale movements; however, the aggregate selling pressure appears to be subdued this time. The ongoing discussion regarding a potential DOGE exchange-traded fund (ETF) is another significant factor that affects sentiment. If an ETF acquires momentum, it may attract institutional investors, potentially counteracting any selling pressure from whales. Nevertheless, the market is currently in a state of supposition, as no official approvals or timelines have been announced. The Road Ahead For Dogecoin Despite the whale move, the price of DOGE continues to remain steady, but if market sentiment shifts, there could be a further drop. Further dumping may occur if the price of DOGE drops below $0.25, which might further lower the price. On the other hand, strong purchasing activity may act as a barrier to further decrease. Related Reading: Solana Faces Double Trouble: 55% Network Drop And Price Woes Investors’ Options The whale movement reminds us of the speed with which retail trade’s market dynamics could shift. Some people might decide to keep their positions since they hope that possible catalysts like the ETF will raise prices, while others take a more cautious approach, looking for signs of increased whale activity before deciding on what to do next. Featured image from Medium, chart from TradingView
Brian Armstrong, the CEO of Coinbase, has recently made an audacious statement regarding Bitcoin that has caused quite a stir in the crypto industry. He recently proposed that Bitcoin could be regarded as “somewhat of a meme coin,” which sparked a debate among enthusiasts, analysts, and investors. Related Reading: XRP Bulls Return—Will This Be the Breakout to $3? The Power Of Collective Belief Like meme currencies, Armstrong pointed out that the value of Bitcoin is essentially derived from popular or collective belief. He explained that unlike conventional assets, Bitcoin lacks inherent value connected with actual objects or direct use. Instead, its value is swayed by societal trust and the shared perception of its significance. He also likened Bitcoin to the US dollar, noting that although the dollar’s value has persisted mostly due to mass acceptance and faith in its purchasing power, and it is not connected to the gold standard. This comparison highlights Bitcoin’s status as a store of value rather than a commodity with inherent worth. The Emergence Of Meme Coins Armstrong did not intend to undermine Bitcoin’s credibility; however, his statements underscored the expanding influence of meme coins. Shiba Inu (SHIB) and Dogecoin (DOGE) are two cryptocurrencies that have amassed substantial followings despite possessing minimal fundamental utility. On memecoins… Memecoins have generated a lot of buzz recently, and I’ve gotten some questions on how I think about them. I am personally not a memecoin trader (beyond a few test trades), but they’ve become hugely popular. Arguably, they’ve been with us since the beginning –… — Brian Armstrong (@brian_armstrong) February 19, 2025 For example, Dogecoin, which originated as a joke, experienced a price increase of over 15,000% in 2021 as a result of social media publicity and endorsements from prominent figures such as Elon Musk. Shiba Inu reached an all-time market cap of around $40 billion. This trend is a reflection of how sentiment and viral appeal can push asset valuation up, much like what Armstrong suggests applies to Bitcoin. Bitcoin’s Status Remains Unchallenged Armstrong agreed that, in spite of the comparison, Bitcoin is still the most well-known cryptocurrency. The crypto continues to dominate institutional adoption, regulatory discussions, and long-term investment strategies. Meanwhile, the legitimacy of Bitcoin has been strengthened even more by the trust big financial firms like BlackRock and Fidelity have in the crypto asset. Its limited supply of 21 million coins and decentralized nature also sets it apart from the typical meme coin phenomenon. Related Reading: Solana Faces Double Trouble: 55% Network Drop And Price Woes A Conversation Far From Over Armstrong’s statement has fueled discussions about how cryptocurrencies derive their value. Some critics argue that equating Bitcoin to a meme coin undermines its role as “digital gold,” while others believe it accurately describes the evolving nature of financial assets in the internet era. Featured image from PC World, chart from TradingView
In a seemingly dull market, whales and crypto investors found ideal conditions today, as evidenced by Dogecoin (DOGE) investors. A prominent crypto expert on X (formerly Twitter) posted that crypto whales have purchased nearly 110 million DOGE meme coins in the past 48 hours. Whales bought 110 million #Dogecoin $DOGE in the last 48 hours! …
Ye's YZY token launch, despite his criticism of hype-driven coins, highlights the tension between celebrity influence and ethical responsibility.
The post Kanye West plans to drop $YZY token and owns 70% of stake after saying ‘coins prey on fans with hype’ appeared first on Crypto Briefing.
SOL, the native token of the Solana network, is one of the worst-performing cryptos in recent days. Once the darling of the meme coin crowd, the popular blockchain is facing its toughest test yet with its massive price drop and dip in network activity. SOL is currently trading at $173, but it’s down nearly 10% from last week’s price and 15% from two weeks ago. If we zoom out on its price history, the token is down 27.5% from last month’s price. Related Reading: XRP Bulls Return—Will This Be the Breakout to $3? Last Tuesday, Solana shed 10% in 24 hours, triggering concerns among holders and long-term investors. According to on-chain data, the token drop was partly driven by the embarrassing launch of LIBRA, which is currently under investigation. LIBRA’s dump after its launch caused panic among meme coin holders, with SOL as one of its most prominent victims. Network Activity Drops 55% With Low Volume Solana’s current woes go beyond the recent price action. According to data shared by crypto analyst Ali Martinez, the chain’s activities are slowing down. A Twitter/X post shared on February 17th noted that the number of active addresses on the network dropped to 8.4 million today from 18.5 million in November 2024. This data reflects a 55% drop, an alarming sign that developers are leaving the platform in droves. Also, the total volume transferred to the network dropped from $2 billion in November to just $26 million this week. This 99% drop reflects the project’s loss of momentum. The total volume transferred on the #Solana $SOL network has dropped from $2 billion in November to just $26 million today! pic.twitter.com/qgCOmjd2It — Ali (@ali_charts) February 17, 2025 More Challenges Up Ahead For SOL Crypto analysts are bracing for the worst for SOL in the next few weeks. Over the next three months, around 15 million SOL tokens valued at $7 billion will be unlocked. And putting the 4.715% inflation rate in the equation, the increased supply of SOL tokens in the market will create selling pressure. SOL is currently up, but its price is way below its peak. The token is down 27.5% from last month’s price and boasts a market capitalization of around $84 billion. Now, insiders and investors hope the spot SOL ETFs will be approved in the short term. Are SOL Meme Coins Next? The SOL price action benefitted from the surge of newly minted meme coins on the platform. However, the number of tokens minted on the platform has decreased considerably in the last few months. Solana was the platform of choice for degens and developers then, thanks primarily to its fast transactions and low cost. However, recent events affected the platform’s reputation, particularly the launch of SOL-based meme coins like MELANIA and LIBRA. Related Reading: Bitcoin Buying Pressure Wanes—Chart Reveals 60-Day Downtrend For example, LIBRA was launched with much fanfare, with Argentine President Javier Milei sharing a post and recommending the project. However, minutes after making his post public and pushing the new token past $5, it immediately crashed, leading many to say it was a classic “rug-pull.” MELANIA is also linked to LIBRA; some analysts say they share the same development team. Featured image from Shutterstock, chart from TradingView
The crypto market is having a hard time gaining positive movement, and meme coins are particularly suffering. This has caused the price of PEPE to stabilize within a bearish region for an extended period. Also, on-chain metrics indicate a possible 20% drop in value because buyers couldn’t overcome resistance levels. Pepe’s Volatility Faces Steady Decline …
Solana’s recent price behavior has sparked anxiety in the the digital currency market. The once-soaring blockchain has fallen significantly as a result of a widespread slump. Solana native token (SOL) has been down 32% in the last four weeks, trailing Bitcoin’s 10% decline and Ethereum’s 15% dip. As the network suffers with the fallout from a meme currency frenzy that left investors reeling, a sudden sell-off occurs. Related Reading: Think XRP Is ‘Crashing’? Analyst Says You Deserve A Slap! Meme Coin Mania Turns Into Disaster Solana has been the epicenter of an explosive meme coin growth. Although this initially stimulated trading volume and interest, it has since led to severe negative repercussions. Rug pulls and failed initiatives on the network have reportedly resulted in a loss of more than $26 million. Many developers abandoned projects immediately after raising funds, leaving investors with tokens that were of no value. The issue has escalated at an alarming rate. In the span of 30 days, the Solana ecosystem has lost at least 12 meme coin initiatives. The token’s price has declined as a result of this surge of failures, which has also negatively impacted investor sentiment. It’s over for Solana Worse than the FTX collapse$LIBRA, #MELANIA changed everything ????: Here’s what went down and what’s next… pic.twitter.com/mo6TMBpift — Xremlin (@0x_gremlin) February 17, 2025 Is Solana In Trouble? Crypto trader Xremlin recently declared on X that “it’s over for Solana,” comparing its decline to the FTX collapse—only worse. He pointed out that Solana’s recent surge in popularity was driven by speculation and the rise of meme coins. Much of this activity stemmed from low transaction fees, attracting traders to platforms like Pump.fun. However, many of these tokens are seen as pump-and-dump schemes, adding to the negative sentiment around Solana’s ecosystem. Ray Of Hope? Meanwhile, Glassnode data indicates that Solana surpassed Ethereum on 23 of 49 days since the beginning of the year. Nonetheless, Solana has demonstrated greater susceptibility to market declines. Since the beginning of the year, #Solana outperformed #Ethereum for 23 out of 49 days. However, $SOL has been more sensitive to recent drawdowns, with 30D price change clocking in at -32% as of Feb 17 (#ETH: -17%, #BTC: -8%) https://t.co/7p1xFARDLD pic.twitter.com/GE7WaV4hBi — glassnode (@glassnode) February 18, 2025 Negative Impact On Network Solana’s appeal as a low-cost, high-speed blockchain has attracted traders who are interested in leveraging speculative ventures. The proliferation of meme coins that resemble scams has, however, prompted grave apprehensions. Currently, numerous analysts are cautioning that Solana is at risk of becoming a breeding ground for pump-and-dump schemes, rather than an ecosystem that fosters sustainable development. Congestion issues on the network is also another big issue. Because meme currencies are so popular, the system has seen a drop in transaction speeds and occasional spikes in fees. This has caused some users to be frustrated and has made many wonder if Solana can sustain spikes in activity without slowing down. Related Reading: Cardano Soars Nearly 130% To $30 Billion, Climbs To 9th In Market Cap Rankings Bitcoin And Ethereum Exhibit Resilience Bitcoin and Ethsereum have weathered the latest slump with comparatively little damage, while Solana is having trouble. Bitcoin has fallen by 10% in the last month, whereas Solana has fallen by 33%. Even while it is still in a better position than before, Ethereum, which has also been under selling pressure, has seen a 17% drop. During periods of uncertainty, investors are progressively gravitating toward established assets. Bitcoin and Ethereum have been able to maintain a higher level of market confidence by primarily avoiding the chaos that has been caused by meme coin implosions, in contrast to Solana. Featured image from Gemini Imagen, chart from TradingView
Portnoy's actions highlight the volatility and speculative nature of meme coins, raising concerns about market manipulation and investor vulnerability.
The post Dave Portnoy crashes $GREED by 99%, then launches $GREED2 amid controversies appeared first on Crypto Briefing.
The incident highlights potential vulnerabilities in political systems to financial manipulation, raising concerns about governance and transparency.
The post Milei’s meme coin advisor allegedly paid president’s sister to influence him appeared first on Crypto Briefing.
The LIBRA scandal highlights the risks of crypto ventures in regions with a history of financial fraud, potentially impacting future blockchain projects.
The post LIBRA scandal brings Nigerian meme coin plans to light appeared first on Crypto Briefing.
After Argentine President Javier Milei endorsed the LIBRA meme coin launched on February 14, 2025, it has become the subject of investigations by experts due to a pump-dump scam. When insiders quickly sold off their shares, they withdrew $107 million, causing the coin’s value to crash and wiping out over $4 billion from its market …
The crypto-verse constantly fails to regain momentum with top tokens erasing significant valuation from their portfolios. Moreover, top tokens have plunged below their important support levels, indicating rising uncertainty in price action. With the market turning extremely volatile, investors are closely watching the charts of the top memecoins. In this article, we at CoinPedia have …
The market dynamics for memecoins appear to have changed to a large extent as they are displaying a vibrant price action. While some manifested a monstrous rally like TRUMP, others like WIF maintain a calm upswing, and memecoins like Dogecoin are stuck within a range waiting for the right time to trigger a breakout. In …
A known crypto investor made a bold claim that Dogecoin is the king of all cryptocurrencies, stirring a debate and discussion among members of the cryptocurrency community. Global Macro Investor founder and CEO Raoul Pal believes that the popular meme coin is capable of becoming “the hardest money ever created,” citing how Dogecoin has outperformed Bitcoin historically. Related Reading: TRUMP Coin Spikes 17% As Arthur Hayes Says It Could Outperform Bitcoin ‘Greatest Chart Of All Time’ Pal asserted the superiority of the prominent meme coin to Bitcoin, saying that its dominance could make it the “hardest” currency ever created. The top executive’s recent statement made ripples in the crypto community by making a strong argument that Dogecoin is better than the firstborn cryptocurrency, Bitcoin. One of the most WILD things in all of crypto is that $DOGE has proven to be harder money than $BTC and has outperformed by 550% since launch (10 years!) and looks like it might even to continue to outperform over time!???? What a time to be alive… pic.twitter.com/3EXQFEzPsb — Raoul Pal (@RaoulGMI) November 24, 2024 In a recent broadcast on his X account, the Global Macro Investor CEO showed the chart of Dogecoin, which he described as super-bullish, branding it as the “greatest chart of all time.” Pal is known to be a staunch supporter of Dogecoin and previously revealed that the popular meme coin is among his favorite assets. The advisory publication executive has disclosed in previous interviews that he owns a large concentration of Dogecoin in his portfolio. Join me for Drinks… https://t.co/yl7VSaYeHt — Raoul Pal (@RaoulGMI) February 11, 2025 Dogecoin Superiority Theory The former hedge fund manager believes that the meme coin is “the king of all cryptocurrencies”, saying that Dogecoin trumping Bitcoin is a possibility that could happen in the future. Pal considers the popular token as superior to Bitcoin, rooting his claim on Dogecoin outperforming Bitcoin historically. He further supported his Dogecoin superiority theory by noting that the meme coin has outdone the largest cryptocurrency in terms of market capitalization, outperforming Bitcoin’s by an astounding 500% since it was created. CEO Foresees Dogecoin Extending Its Gains Data shows that Pal’s assumption is accurate since the numbers do not lie. Statistics indicate that Dogecoin has outperformed the flagship cryptocurrency since its debut in 2013. When it was launched, DOGE’s price was $0.00056 per coin but now that price has skyrocketed by 461,407%. In comparison, during Dogecoin’s launching, the Bitcoin price was pegged at $1,210 per coin. Now, the crypto is being traded at $96,340, a 7,862% increase since then. Related Reading: Cardano Price Balloons 107% As Whales Scoop Up 1.41 Billion ADA On The Verge Of A Breakout Pal predicted that Dogecoin could potentially experience a breakout, a situation that would further stamp its superiority against Bitcoin. As of writing, DOGE is being traded at $0.269 per token with a market cap of $39 billion. Pal argued that once Dogecoin scores a breakout against Bitcoin, it will earn the title of the hardest money in the world, claiming DOGE will become the new standard and dethrone Bitcoin as the cryptocurrency top dog. Meanwhile, some analysts take the prediction with a grain of salt. They say that Pal’s predictions might be too ambitious, considering the gap in quality between the two digital assets. Featured image from Gemini Imagen, chart from TradingView
The number of Shiba Inu millionaires continues to decline as the recent market crash puts a damper on holder’s profits. Notably, on-chain data reveals that the total number of Shiba Inu millionaires has fallen below 1,000. However, they still control a significant portion of the meme coin’s supply. SHIBMillionaires Drop Below 1,000 Following a broader market crash that significantly impacted meme coins like SHIB and DOGE, new reports reveal that the number of Shiba Inu millionaires, with wallets between $100,000 and $10 million, has declined severely. IntoTheBlock, a blockchain analytics company, has reported that the number of addresses holding $10,000 to $10 million worth of SHIB tokens has dropped to 2,470. These deep-pocketed token holders collectively control over $3.5 billion worth of SHIB. Related Reading: Shiba Inu Whale Transactions Spike 265% In Last 24 Hours, Can SHIB Drive Toward $0.00004? Breaking this down, ITB’s data shows that wallets holding over $100,000 to $1 million have plummeted to 1,059 addresses. For wallets with $1 million to $10 million worth of SHIB, ITB highlights that only 880.25 addresses remain. This would mean that all addresses with over $1 million in SHIB have a total balance of $2.8 billion. Earlier this week, 75 addresses held exactly or above $10 million worth of SHIB tokens, with a combined network surpassing $13 billion. However, at the time of writing, it has declined to 74, with a network of $11.69 billion. While the number of addresses for this staggering amount of SHIB tokens may appear small, these investors, often called whales, tend to impact the market when they make significant moves. Moreover, this select number of addresses controls a large amount of Shiba Inu’s supply. While it doesn’t even come close to half of the meme coin’s total supply, it is still a considerable stash that could impact its market dynamics. The recent decline in Shiba Inu millionaires is reflected in past data from ITB. Just two weeks ago, 93 addresses, 19 more than the current count, held SHIB tokens valued at over $10 million. Furthermore, 905 wallets held between $1 million and $10 million worth of SHIB, compared to the current 880.25 addresses holding the same amount. This notable decrease in the number of Shiba Inu millionaires in both high-value and mid-value SHIB holdings suggests a shift in the market, with holders possibly selling their holdings and exiting positions. The decline is also attributed to the recent Shiba Inu price crash and ongoing volatility. Shiba Inu Price Attempts A Recovery At press time, the price of Shiba Inu is trading at $0.0000165. Despite experiencing major market declines that pushed its price down by more than 20%, Shiba Inu remains resilient, attempting to break through the bearish trend to initiate a recovery. Related Reading: Shiba Inu Large Transaction Volume Up 40%, Burn Rate Crashes 71.5%, What’s Going On? Over the past week, Shiba Inu has increased by over 9.8%, reflecting gains of almost half its 22% loss in the last month. Based on CoinMarketCap’s data, the meme coin is still in the green, recording a 1% increase. However, SHIB’s trading volume remains relatively low, marking a 41% decline. Featured image from Adobe Stock, chart from Tradingview.com
The newly launched Trump (TRUMP) meme coin is capturing significant attention, with a notable 24% upside momentum over the past 24 hours. Data from CoinMarketCap shows TRUMP currently trading around $20.15, following a breakout above the strong resistance level of $19.70. TRUMP Price Action and Upcoming Level This massive upside momentum has caused a breakout …
Today, February 14, 2025, the overall cryptocurrency market seems to be recovering, including Bitcoin (BTC) and Ethereum (ETH), which are currently influencing other major cryptocurrencies. PEPE Price Momentum Amid this bullish market sentiment, Pepe (PEPE), the most popular and third-largest crypto meme coin, soared significantly and is on the verge of breaking out with bullish …
The crypto space experienced a major setback during the first half of February, highlighting increased volatility. However, the market has displayed a significant recovery this week. Following this, the memecoin segment has recorded the highest gains. By evaluating the present market statistics, top investors are curious with questions like “Is this a good time to …
A crypto whale scooped up 40 million Broccoli tokens, spending $5 million to become its largest holder. This triggered a 160% price surge, fueled by social media hype and increased investor interest. Inspired by Binance founder CZ’s dog, Broccoli-themed meme coins have flooded the market, with one even hitting a $1.5 billion market cap. DOGE, …
While the top crypto coins are bloodstained, the TRUMP meme coin is making waves again, jumping 5% to $16.40 after former BitMEX CEO predicted it could outperform Bitcoin. TRUMP meme coin is on a strong rally, surging 13% in the past 24 hours to $16.87. It recently outperformed top meme coins like SHIB, DOGE, and …
CZ's decision not to launch a meme coin himself shifts focus to community-driven initiatives, potentially fostering innovation on the BNB Chain.
The post CZ lets his dog’s name out, nixes meme coin launch rumors appeared first on Crypto Briefing.