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Shiba Inu
Memecoins Reach $140B Market Cap and Gain Ground in Crypto Economy
The memecoin sector was worth 11.21% of crypto market capitalization, excluding bitcoin and ether, as of Dec. 1.
Institutional Holdings of Meme Coins Surged Since January
Institutional allocations to meme coins have surged over 300% this year, reaching a peak of almost $300 million in April, according to crypto exchange Bybit. Dogecoin and shiba inu were favored among institutional investors for their liquidity, and Solana meme token BONK emerged as the most popular of the new meme coins, attracting over $75 million in institutional bets. Holdings were tracked exclusively on Bybit and do not include those on other exchanges. CoinDesk's Helene Braun presents "The Chart of the Day."
DOGE, SHIB Spike After Elon Musk Tweet About Mascot Dog's Passing
The price action underscores Musk's market-moving sway on the canine-themed meme coins.
SHIB to Get More Scarce as Key Exchange Expands to Shibarium
Increased transactions on the Shibarium blockchain will lead to a higher burn rate for the SHIB token, reducing its circulating supply.
Shiba Inu Fetches $12M Investment in a Token Sale to Build Privacy-Focused Blockchain
The new network will be built on top of layer-2 network Shibarium and offer enhanced privacy for users.
Shiba Inu Joins CDSA to Battle AI-Driven Concerns Using Shibarium
Shiba Inu is the first layer 2 blockchain to join the media and entertainment association to develop blockchain technology for content security and distribution.
Meme Coin Frenzy Drives Ethereum Network Fees to Nearly 2-Year High: IntoTheBlock
The increased network activity is benefitting ether investors by burning the token's supply at a faster pace, but it has also made Ethereum "unusable" for many due to sky-high transaction costs, IntoTheBlock analysts noted.
Bitcoin Soars to New All-Time High Above $69K; What's Behind Shiba Inu's Price Drop on Coinbase?
"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines impacting the crypto industry today, as the price of bitcoin (BTC) has set a record high, rising above $69,000 on crypto exchange Coinbase, a level first touched on Nov. 10, 2021. Plus, insights into Shiba Inu's 50% price drop on Coinbase and VanEck's crypto plan in Europe.
Shiba Inu Prices Briefly Dropped 50% on Coinbase
The tokens have logged over $1.7 billion in volumes on the regulated exchange in the past 24 hours, the most among counterparts.
Shiba Inu Rings Greed Alarm as Bitcoin Eyes Record High
Open interest in SHIB futures has crossed above $100 million, hinting at speculative froth.
