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Shiba Inu Whales Secure Their 1000x Profits From New ICO Rival
Shiba Inu (SHIB) has captured the imagination of the crypto community with its unique branding and dedicated following. However, recent events have highlighted some challenges for SHIB investors. Despite an extraordinary increase in the token burn rate, with over 81 million SHIB tokens burned, the price of Shiba Inu (SHIB) has experienced a decline. This burn event, while initially sparking optimism, also raised concerns about the token’s long-term value and stability.
SHIB Burn Rate Surge: Implications for Investors
Recently, the burn rate of Shiba Inu (SHIB) surged by 4000%, leading to the destruction of 81 million tokens. This dramatic increase in token burning was intended to reduce supply and potentially increase the token’s value. However, despite this significant burn, SHIB’s price has fallen to $0.00001579, marking a 4% decline over the past week. The burn event has created a mix of optimism and uncertainty among investors, with some questioning whether SHIB can ever reach the $1 mark.
Market Reactions to SHIB Burn
The market reaction to Shiba Inu’s (SHIB) aggressive burn strategy has been mixed. While some investors see the burn as a positive step towards increasing scarcity and value, others are concerned about its immediate impact on price and market dynamics. The dramatic increase in the burn rate has altered investor sentiment and led to a re-evaluation of SHIB’s market position relative to other meme coins.
Enter Mpeppe (MPEPE): The New ICO Rival
As Shiba Inu (SHIB) faces these challenges, a new contender has emerged: Mpeppe (MPEPE). Currently in Stage 2 of its presale, Mpeppe is trading at 0.00107 USDT per token, with over 75% of the tokens already sold, raising an impressive $589,695. This rapid uptake reflects strong investor confidence and excitement about Mpeppe’s potential to deliver substantial returns.
The Appeal of Mpeppe (MPEPE)
Mpeppe (MPEPE) is not just another meme coin; it offers tangible utility through its integration with decentralized finance (DeFi) and gaming platforms. This unique blend of entertainment and practical use makes Mpeppe an attractive option for investors seeking both enjoyment and profit. The token’s innovative approach and strong community support have positioned it as a promising alternative to Shiba Inu (SHIB).
Whales’ Influence on Shiba Inu (SHIB)
Whales, or large holders of Shiba Inu (SHIB), have had a significant impact on the token’s market dynamics. Recently, a whale moved a substantial amount of DOGE, worth approximately $11 million, to Robinhood, causing panic among investors. This movement highlighted the volatility and the influence that large holders can have on the market. The substantial sell-off contributed to a 24% decline in SHIB’s price, pushing it down to the tenth position among the largest cryptocurrencies.
Shifting Focus: From SHIB to MPEPE
As Shiba Inu (SHIB) continues to grapple with market volatility, whales and other large investors are beginning to shift their focus to Mpeppe (MPEPE). The new ICO rival offers promising returns and practical utility, making it an attractive option for those looking to diversify their investments and secure high profits. Mpeppe’s potential for 1000x returns, driven by its innovative approach and strong community engagement, is drawing significant interest from investors.
The Future of Shiba Inu (SHIB) and Mpeppe (MPEPE)
The future of Shiba Inu (SHIB) remains uncertain, with the token needing to navigate significant market challenges to regain its former glory. In contrast, Mpeppe (MPEPE) is poised for substantial growth, with its current presale success and practical applications setting the stage for a promising future. Investors looking for high returns and innovative solutions should consider adding Mpeppe to their portfolios.
Conclusion: Diversifying with Mpeppe (MPEPE) and Shiba Inu (SHIB)
In the dynamic world of cryptocurrencies, diversification is key to managing risk and maximizing returns. While Shiba Inu (SHIB) offers a well-established market presence, Mpeppe (MPEPE) brings innovation and practical utility to the table. Together, they represent a balanced approach to investing in the ever-evolving crypto landscape.
For those interested in exploring Mpeppe (MPEPE), the smart contract address is 0xd328a1C97e9b6b3Afd42eAf535bcB55A85cDcA7B. As always, conducting thorough research and considering the risks is essential before making any investment decisions.
For more information on the Mpeppe (MPEPE) Presale:
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Crypto Prices Today (April 4): The broader market sentiment remains uncertain this Friday as Bitcoin (BTC) price held around the previous day’s levels, at $83K. Moving on to other metrics, the global cryptocurrency market cap jumped slightly by 0.20% to $2.6 trillion. The fear and greed index stood at 25, signaling a cautious sentiment in the market at the moment.
Major league altcoins like Ethereum (ETH) and Solana (SOL) also retained a trading session near the previous day’s levels in the interim. However, Cosmos (ATOM) and Filecoin (FIL) surfaced as the day’s top gainers by defying the broader trends.
Crypto Prices Today: BTC At $83K, Altcoins Resilient
Despite the broader market turmoil caused by Donald Trump’s announcement of reciprocal tariffs, crypto prices today have showcased resilience by preventing major downturns. After slipping to as low as the $81K mark, BTC price regained a hold above $84K today. ETH also faced heightened turbulence, although it maintained a hold above $1,800.
Conversely, ATOM and FIL tokens have defied the broader market trend to secure a spot among the day’s top gainers.
BTC Price Sits At $84K
At the time of reporting, the flagship crypto’s price chart indicated a roughly 1% increase in value and closed in at $84,211. Its market dominance was up by 0.09% intraday, reaching 62.01%. Notably, BTC has outperformed major league altcoins, as indicated by its market dominance.
Coinglass data further signaled rising market interest in the asset. Bitcoin futures OI jumped roughly 4% over the past day, reaching $54.61 billion.
Nevertheless, traders and investors reflect an uncertain stance over future price prospects as Trump’s tariffs have rattled broader markets globally. CoinGape previously reported that BTC is expected to mimic stock market actions amid global trade war tensions.
All eyes are now set on the next U.S. Fed meeting, as it could pave the way for a market sentiment shift.
ETH Price At $1,800
ETH price traded at $1,820 after recovering from $1,751 over the past day. The second-largest crypto by market cap boasted an evaluation of $220.35 billion.
Ethereum’s futures OI shot up by 3.5% to reach $20.68 billion, per the latest Coinglass data. This statistic indicated that the coin’s derivatives market is seeing heightened activity. Another buzzworthy update for Ethereum is that the Pectra upgrade is set to go live on May 7 next month.
XRP Price Jumps 2% & Defies Crypto Market Trend
Ripple’s coin XRP managed to gain over 2% despite the broader crypto market turmoil to reach $2.08. Its 24-hour bottom and peak were recorded as $1.97 and $2.10, respectively.
The latest buzz within the Ripple community remains Coinbase’s XRP futures listing. Notably, CoinGape reported that the crypto exchange behemoth filed an application with the CFTC for this listing.
On the other hand, the U.S. SEC’s recent closed-door meeting solidified the chances of an imminent settlement of the Ripple lawsuit.
SOL Price Today
Solana price hovered around the previous day’s levels and is trading at $119.27. Its 24-hour low and high were registered as $112.48 and $119.13 in the past 24 hours.
Intriguingly, Coinglass data revealed a 3% surge in Solana’s futures OI to $4.84 billion, underscoring burgeoning trading activity in the derivatives market. Solana’s market cap jumped nearly 1% from yesterday to $61.44 billion.
Recently, the U.S. SEC made a favorable approach toward crypto by acknowledging Fidelity’s SOL ETF filing.
Let’s take a look at the market’s leading gainers for the day.
Crypto Prices Today: Top Gainer
Cosmos (ATOM)
Price: $4.83
24-Hour Gains: +9%
ATOM’s price surged alongside a new trade offering unveiled by eToro recently. The social investing platform launched staking options for the crypto, paving the way for investor interaction with assets.
Filecoin (FIL)
Price: $2.95
24-Hour Gains: +8%
FIL price soars against the backdrop of its recent listing on S. Korean crypto exchange Upbit.
Pendle (PENDLE)
Price: $3.14
24-Hour Gains: +8%
PENDLE price soars alongside heightened whale accumulations, as reported by CoinGape recently.
Crypto Prices Today: Top Loser
Pi Network (PI)
Price: $0.5477
24-Hour Loss: -13%
Berachain (BERA)
Price: $5.81
24-Hour Loss: -10%
Toncoin (TON)
Price: $3.52
24-Hour Loss: -7%
Overall, the broader market sentiment remains uncertain amid macroeconomic heat. Crypto market traders and investors eagerly await major price action shifts.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Pi Network’s native cryptocurrency Pi Coin price is down by another 15% today, slipping all the way to $0.55 and another 60% surge in daily trading volumes to $477 million. With this, the PI cryptocurrency has extended its weekly losses to more than 33% as investors are losing hope of any recovery to $1. As a result, the community is now pinning hopes on a Coinbase listing for any revival.
Will Pi Network Make Way to Coinbase Anytime Soon?
Although the Pi Network listing on Binance has faced multiple delays, the community is still hopeful for a Coinbase listing. On March 14—Pi Day—Coinbase’s Chief Legal Officer, Paul Grewal, posted a tweet featuring Pi’s logo, stating, “We take Pi Day very seriously at Coinbase.”
A Coinbase listing could provide a major liquidity boost, pumping up the Pi Coin price higher to $1 and beyond. The exchange often considers community engagement when adding new assets, making Pi Network’s 60 million+ user base a strong factor in its favor.
Additionally, such a listing could significantly boost PI cryptocurrency’s adoption in both U.S. and global markets. This would be a historic milestone for the ecosystem, increasing the visibility and accessibility to millions of crypto users worldwide.
While Coinbase stirs speculation, Binance has yet to make any official comments regarding a potential $PI listing.
Pi Coin Price Drop to $0.3 Coming?
As the Pi Coin price continues to lose crucial support levels, analysts are turning pessimistic about it moving ahead. Crypto analyst Moon JEFF has projected that Pi Network price could drop to $0.30 if exchange deposits continue at their current rate.
More than 375 million PI tokens have already moved to exchanges. Moon JEFF notes that with total supply reaching 500 million $PI, the token’s price could stabilize around $0.30. This is similar to our Pi Coin price prediction, which shows that altcoin to trade under $0.40 for the month of April.
A Major Challenge for the Core Team
The Pi Community backlash is growing stronger with every passing day as the altcoin selling pressure increases. Popular community member Dr Altcoin stated: “Pi’s price has been in free fall, hovering around $0.5. If this was the end goal, why did the Pi community wait six years? Pi could have easily reached this value if it had launched in 2022”.
He further stated that major cryptocurrency exchanges are unlikely to list PI crypto unless the Pi Core Team (PCT) provides full transparency regarding its tokenomics. The two major challenges as highlighted by Dr Altcoin, are:
- At current low prices, Pi holders may struggle to engage with decentralized applications (DApps) within the Pi ecosystem.
- If these challenges persist, a significant portion of Pi users could sell off their holdings and migrate to other crypto projects.
The analyst added that the only viable path forward for the Pi Core Team, without relying on major exchange listings, is to burn billions of Pi coins from the Pi Foundation wallets.
Bhushan Akolkar
Bhushan is a FinTech enthusiast with a keen understanding of financial markets. His interest in economics and finance has led him to focus on emerging Blockchain technology and cryptocurrency markets. He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Solana price has extended weekly losses to 14% amid heightened selling pressure for the cryptocurrency. Whale data on Friday revealed that roughly $46M worth of SOL was unstaked and offloaded to exchanges in recent days. The outcome? Crypto market traders and investors are speculating if a recovery is even possible ahead as the broader market faces turmoil amid Trump’s reciprocal tariff announcement.
Solana Price Takes Bearish Turn Amid Rising Whale Dumps, What’s Happening?
As of press time, Solana price traded at $115.91, down slightly over 3% in the past 24 hours. The weekly chart for the crypto showcases a 14% decline, further accompanied by a monthly drop of over 18%. This waning action falls in line with the recent broader market trends and heightened selling pressure for the cryptocurrency.
Data from the tracker Lookonchain suggested that crypto whales are on a SOL dumping spree in tandem with the coin’s slumping action. Notably, 4 wallet addresses collectively unstaked and offloaded $46 million worth of coins in the past 24 hours, per whale data.
Here Are The Addresses & Amounts of SOL Dumped
- ‘HUJBzd’ – $30.3 million worth of coins.
- ‘BnwZvG’ – $9.47 million worth of coins.
- ‘8rWuQ5’ – $3.53 million worth of coins.
- 2UhUo1′ – $3 million worth of coins.
For context, usual market sentiments reflect bearishness in light of such massive dumps as the selling pressure for a crypto increases. Solana’s waning price action has contributed to investors’ cautious outlook toward the coin amid negative market dynamics.
SOL Price Faces Pressure Amid Broader Trends
It’s worth pointing out that SOL is currently facing immense heat due to broader macro trends presenting risk assets with uncertainty. CoinGape recently reported that Bitcoin price saw an offsetting movement with Donald Trump’s reciprocal tariffs commencement. In turn, even the altcoin market mimicked a bearish movement lately.
Another report revealed that BTC price is expected to follow the stock market action in light of the new reciprocal tariffs. Matrixport strongly asserted that the broader crypto market could potentially sustain volatility in the short run as BTC price is expected to mimic stock market movements.
Analyst Forecasts Bullish Outlook Despite Downtrend
However, a crypto market analyst named ‘Brandon Hong’ has conversely highlighted a bullish outlook for Solana price regardless of the broader turmoil. The analyst recently posted on X, stating, “SOL is about to have its biggest breakout ever.”
This bullish anticipation rides the back of the coin about to break its 400-day range. “Buy now or regret later,” the analyst concluded, sparking contrary speculations. Crypto market participants continue to extensively eye the token for price action shifts amid uncertain dynamics.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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