Altcoin
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:
Visit Mpeppe (MPEPE)
Join and become a community member:
https://x.com/mpeppecommunity?s=11&t=hQv3guBuxfglZI-0YOTGuQ
As the cryptocurrency market evolves, it’s becoming evident that hype alone can’t sustain a token’s value. This realization has led some of the largest Bonk (BONK) holders, known as “whales,” to diversify their portfolios by investing in GoodEgg (GEGG). Experts are now predicting a potential 100x return on GoodEgg (GEGG), with some of the most prominent Bonk (BONK) whales taking early positions in the token’s presale.
More Than A Memecoin: Bonk Whale Shift to GEGG
One of the largest Bonk (BONK) holders, previously known for their substantial investments in the meme coin space, has recently made headlines by becoming an early investor in GoodEgg (GEGG). This shift comes as Bonk (BONK) continues to face declining momentum, losing 2% in value over the last 24 hours, with weekly losses stacking up to 10%. The whale’s move reflects a growing sentiment that the current meme coin market is becoming oversaturated, with investors searching for projects that offer more than just speculative gains.
Bonk (BONK), once a rising star on the Solana network, has seen a significant reduction in trading volume, and many analysts believe that its future will depend heavily on finding new utility or partnerships to maintain investor interest. While the Bonk (BONK) community remains hopeful, the shift of whales to projects like GoodEgg (GEGG) highlights a growing trend among larger investors who prioritize long-term growth over short-term gains.
GoodEgg’s Strong Fundamentals
In contrast, GoodEgg (GEGG) offers more than just hype. It is a utility-driven project with an AI-based dating platform that leverages blockchain for security and privacy. The project’s innovative approach to online dating has sparked interest from investors who see it as a real-world solution with significant potential for user adoption.
GoodEgg’s presale has already raised over $495,000, showing that investors are eager to get in early on this project. The platform’s combination of blockchain security and AI matching technology provides a fresh approach in a saturated online dating market, which is expected to grow significantly in the coming years.
Experts Predict 100x Gains and Long-Term Scalability
Market analysts are now predicting that GoodEgg (GEGG) has the potential to generate 100x returns for early investors, particularly as its platform begins to attract more users and integrates additional features. The scalability of GoodEgg (GEGG) in the dating industry, combined with its AI-driven capabilities, gives it an edge over traditional meme coins like Bonk (BONK).
While Bonk (BONK) struggles to maintain its market position, GoodEgg (GEGG) is gaining traction among both retail and institutional investors. The whale’s entry into GoodEgg (GEGG) has further validated the project’s potential, with many now looking at it as the next big thing in the crypto space.
As the presale continues, those who missed out on Bonk (BONK) during its early days are now looking at GoodEgg (GEGG) as their next opportunity for massive gains. With strong fundamentals and a clear roadmap, GoodEgg (GEGG) is positioned to become a major player in the crypto market, leaving Bonk (BONK) in the dust as it builds a long-term, sustainable future.
Join GoodEgg (GEGG) For More Information On Presale, Use links below to join our community:
Visit GoodEgg (GEGG)
Telegram: https://t.me/GEGG_OFFICIAL
X/Twitter: https://x.com/GoodEggToken
FIDA and MEW, cryptocurrencies based on the Solana blockchain, saw noteworthy positive sentiment on Thursday as they secured vital listings. Solana Name Service (FIDA) secured a listing on Binance, whereas cat in a dogs world (MEW) scored a listing on Upbit. These listings have garnered significant attention globally as the tokens’ prices skyrocketed 25%-30% in tandem with the announcement.
Solana Tokens FIDA & MEW Secure Vital Listings On Binance & Upbit
According to official announcements by the mentioned exchanges on September 19, both the tokens are set to witness particular listings today. As per Binance’s official announcement, the crypto exchange is set to launch FIDAUSDT USD-Margined perpetual contract today at 12:30 UTC. Simultaneously, Upbit’s announcement revealed that it listed MEW with BTC and USDT pairs on the same day.
Intriguingly, Binance revealed that it listed FIDA with up to 75x leverage for users on the platform. Further, the crypto exchange set the capped funding rate at +2.00% / -2.00%.
Simultaneously, Upbit Korea listed cat in a dogs world within BTC and USDT markets. The Asian crypto exchange revealed that it will also add transaction support starting today.
The Solana coins listings have primarily sparked market optimism over future movements, paving the way for new money inflow into the tokens.
Tokens’ Prices Rocket Over 25%
Simultaneously, FIDA price gained nearly 45% against the backdrop of Binance’s listing announcement. The coin rested at $0.3243 today with an intraday low and high of $0.2204 and $0.3297, respectively.
Similarly, MEW price pumped nearly 26% to reach $0.00533 riding the back of Upbit listing. The coin’s 24-hour low and high were $0.00407 and $0.005728, respectively.
Meanwhile, the rising price action primarily aligns with today’s listing announcements, as seen with numerous tokens previously. CoinGape Media reported Kadena (KDA) price surged nearly 30% with its futures listing on Binance.
Also, another report reveals that PEPE and BRETT prices pumped notably on their listings on Upbit. Altogether, the exchanges’ listings rationalize today’s massive price gains.
Simultaneously, Coinglass data illustrated an 82% surge in MEW’s futures OI to $76.31 million. Additionally, the coin’s derivatives volume skyrocketed 531% to $735.63 million today. This surge has projected further optimism for the Solana-based token. Also, it’s worth noting that Solana (SOL) price upsurged 8% to trade at $140 today.
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.
XRP News: Ripple-partner SBI Holdings has confirmed participation in Project Agora, a joint initiative led by the Bank for International Settlements (BIS) and seven central banks. XRP community reacted to the development due to speculation of potential integration or alignment for the cross-border payments over a unified ledger initiative.
Ripple Partner SBI Reveals Participation in BIS-Led Project Agora
In a press release on September 19, SBI Holdings revealed participation by the bank in Project Agora. Ripple’s partner participation the initiative brings XRP in the spotlight as the bank is a key partner for XRP and XRP Ledger adoption.
Project Agora is an initiative jointly led by the Bank for International Settlements (BIS) and central banks to improve the functionality of cross-border transactions through tokenization. The central banks are Banque de France, the Bank of Japan, the Bank of Korea, the Bank of Mexico, the Swiss National Bank, the Bank of England, and the Federal Reserve Bank of New York.
“Through this project, we hope to improve the functionality of the financial system while maintaining the two-tiered structure of central bank money and private bank deposits, and provide new solutions that utilize smart contracts and programmability, thereby providing highly convenient services in cross-border transactions.”
The BIS/SWIFT-led initiative uses digital tokens representing assets, on a unified ledger, with smart contracts. The Institute of International Finance has convened 41 private sector institutions such as JPMorgan, Standard Chartered, Sygnum Bank, Visa, Mastercard, Citi, and HSBC.
XRP News: Token and XRPL In the Spotlight
While the initiative to revolutionize cross-border payments through tokenization doesn’t specifically mention XRP and XRP Ledger, the community believes Ripple’s technology aligns with Agora Project.
Ripple has focused on exploring the possibilities of tokenization on the XRP Ledger. In June, the company partnered with Archax to bring tokenized real-world assets (RWA) onto the XRP Ledger.
Moreover, the unified ledger concept resonates with Ripple’s Interledger Protocol (ILP), which connects banks and blockchains. This suggests a potential role for Ripple’s technology in the framework, if not XRP directly.
XRP community claims Ripple and BIS and several central banks have collaborated earlier for developments including central bank digital currencies (CBDC). Currently, Ripple CEO Brad Garlinghouse said that the company is seeking adoption in traditional finance.
XRP price jumped 2% in the past 24 hours, with the price currently trading at $0.58. The 24-hour low and high are $0.563 and $0.589, respectively. Furthermore, the trading volume has increased by 25% in the last 24 hours, indicating a rise in interest among traders.
Notably, Ripple is also a leader in remittance. If it captures 50% of the global remittance market, which is projected to reach $11.53 trillion in 2024 and $16.59 trillion by 2028, XRP price could even hit $5.
Varinder Singh
Varinder has 10 years of experience in the Fintech sector, with over 5 years dedicated to blockchain, crypto, and Web3 developments. Being a technology enthusiast and analytical thinker, he has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers. With CoinGape Media, Varinder believes in the huge potential of these innovative future technologies. He is currently covering all the latest updates and developments in the crypto industry.
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.
Crypto Analyst Predicts Dogecoin Will Outperform Bitcoin In 2025, Here’s Why
Is Cardano Price Set to Break $0.47?
$1.6 Billion in Bitcoin and Ethereum Options Expire After Fed Cut
CFTC Appeals Decision Favoring Kalshi On Election Betting Contracts
Crypto Pundit Predicts Historical 9,468% Pump To $27
Coinbase CLO Debunks SEC Crypto Asset Security Claims Before Gensler Hearing
TON Foundation’s Plan to Onboard 500 Million Users
Are Solana, Cardano, Polygon Commodities As US SEC Ends Ethereum Investigation?
CFTC Appoints Dr. Ted Kaouk as First Chief AI Officer
New And Upcoming NFT Projects
2.52 Million Altcoins Are Ruining Crypto’s Future
BLUR Is Down 30%, And Whales Are To Blame–Here’s Why
TON Foundation’s Plan to Onboard 500 Million Users
Are Solana, Cardano, Polygon Commodities As US SEC Ends Ethereum Investigation?
CFTC Appoints Dr. Ted Kaouk as First Chief AI Officer
New And Upcoming NFT Projects
2.52 Million Altcoins Are Ruining Crypto’s Future
BLUR Is Down 30%, And Whales Are To Blame–Here’s Why
-
Market3 months ago
TON Foundation’s Plan to Onboard 500 Million Users
-
Altcoin3 months ago
Are Solana, Cardano, Polygon Commodities As US SEC Ends Ethereum Investigation?
-
Regulation5 months agoCFTC Appoints Dr. Ted Kaouk as First Chief AI Officer
-
NFT3 months agoNew And Upcoming NFT Projects
-
Altcoin3 months ago2.52 Million Altcoins Are Ruining Crypto’s Future
-
NFT3 months agoBLUR Is Down 30%, And Whales Are To Blame–Here’s Why
-
Blockchain5 months agoHong Kong’s Securities Association Tips Authorities On Crypto Self-Regulation
-
Market3 months agoEthena (ENA) Whale Faces $13M Loss With 30% Token Drop
✓ Share: