
April 15th, 2025
The Shiba Inu meme coin has dropped after facing major resistance through a confluence of factors while breaking down under major support zones.
Cyvers had detected the suspicious transactions and attempted to contact WazirX 30 minutes prior to their public announcement, but received no reply.
Kusama has been able to conceal his real identity for years, causing many people to suggest that he might secretly be Elon Musk.
As the crypto community awaits an ETH ETF, Shiba Inu’s marketing head has noted a few advantages and disadvantages of a SHIB ETF.
The decline of these three tokens has also affected the entire meme coin market. The meme sector is currently valued at around $43.21 billion.
The delisting of these four tokens comes a week after the company announced that it added 11 different cryptocurrencies, including Balancer (BAL) and Cortex (CTXC), to its watchlist for potential removal.
Despite exiting the top 10 list of largest cryptocurrencies, SHIB continues to maintain its position among the big players in the meme coin market.
The meme coin crypto industry led by Pepe and Shib has dramatically reduced in valuation in the past four weeks to around $47 billion on Tuesday.
The bear market has taken a toll on the cryptocurrency world, and memecoins are feeling the impact. Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe Coin (PEPE), some of the best-performing meme assets of the year, are retesting their previous lows.
The Sandbox, one of the most popular metaverse platforms based on the Ethereum ecosystem, has joined the meme coin frenzy with the purchase of six different tokens including DOGE and SHIB.
The significant adoption of the Shiba Inu (SHIB) ecosystem in the recent past has been fueled by the notable Shibarium growth.
Despite selling a significant portion of his holdings, the whale retains 28% of his wallet in Trump tokens, valued at approximately $372,000.
Nearly all DOGE liquidation activity in the past 24 hours stemmed from long positions, with only about $600,000 worth of shorts, or bets against the token, being liquidated.
Bitcoin’s decline triggered a chain reaction, impacting other cryptocurrencies, including Ethereum, which dropped 2.18% to around $3,440, while meme coins like Shiba Inu, PEPE, Dogwifhat, and Floki fell over 10%.
Coinbase announced similar listings in May, which included Bonk, FLOKI, and Shiba Inu perpetual futures on the leading crypto exchange.