Altcoin
Shiba Inu (SHIB) Whales Invest $1M Into New SHIBASHOOT Rival MPEPE Priced $0.001777
In a significant move that has captured the attention of the cryptocurrency community, Shiba Inu (SHIB) whales have invested a whopping $1 million into Mpeppe (MPEPE), a new memecoin rival to SHIBASHOOT. Priced at just $0.001777, Mpeppe (MPEPE) is quickly gaining traction as a potential game-changer in the world of digital assets. With its unique blend of humor and professionalism, Mpeppe is poised to attract a diverse audience, leveraging the viral nature of internet memes and popular culture. Here’s why Shiba Inu (SHIB) whales are betting big on Mpeppe and how it stacks up against SHIBASHOOT.
Shiba Inu (SHIB) Whales Make a Bold Move
Shiba Inu (SHIB) has long been a dominant force in the memecoin space, riding the wave of its viral appeal and strong community support. SHIBASHOOT, another contender in the meme-driven cryptocurrency market, has also made waves, drawing attention for its innovative approach. However, the recent $1 million investment by Shiba Inu (SHIB) whales into Mpeppe (MPEPE) signals a potential shift in the landscape.
These major players in the Shiba Inu (SHIB) ecosystem are known for their strategic investments, and their decision to back Mpeppe (MPEPE) suggests they see significant potential in this new token. The move indicates confidence in Mpeppe (MPEPE)’s ability to replicate the success of Shiba Inu (SHIB) while offering something fresh and appealing to the rapidly evolving cryptocurrency market.
Why Shiba Inu (SHIB) Whales Are Betting on Mpeppe (MPEPE)
Mpeppe (MPEPE) is more than just another memecoin; it’s a platform that blends the light-hearted nature of internet culture with the serious business of digital assets. Priced at an accessible $0.001777, Mpeppe (MPEPE) provides an entry point for a wide range of investors, including those who may have missed out on the early success of Shiba Inu (SHIB) and SHIBASHOOT.
The decision by Shiba Inu (SHIB) whales to invest $1 million into Mpeppe (MPEPE) is driven by several key factors. First and foremost is Mpeppe’s potential to harness the power of internet memes to create a viral brand. Memecoins have demonstrated time and again their ability to spread rapidly across online platforms, attracting a diverse audience and driving up demand.
Mpeppe (MPEPE)’s light-hearted yet professional approach to the world of digital assets is also a significant draw. In a market that can often be seen as complex and intimidating, Mpeppe offers a refreshing balance, making it accessible and appealing to a broader audience. This inclusive approach aligns with the investment strategies of Shiba Inu (SHIB) whales, who recognize the value of a cryptocurrency that can engage a wide range of users.
Mpeppe (MPEPE) vs. SHIBASHOOT: A New Rivalry in the Making
With the influx of investment from Shiba Inu (SHIB) whales, Mpeppe (MPEPE) is quickly emerging as a formidable rival to SHIBASHOOT. Both tokens operate within the memecoin space, leveraging the viral power of memes to build their brands and engage their communities. However, Mpeppe’s unique blend of humor, professionalism, and strategic engagement with popular culture gives it an edge that could see it rise to prominence in the coming months.
SHIBASHOOT, known for its innovative approach, has already established a strong presence in the market. However, Mpeppe’s ability to tap into a younger demographic and spread its message quickly across various online platforms may allow it to outpace its competitors. As Mpeppe continues to gain traction, the rivalry between these two tokens could drive innovation and growth in the memecoin space, benefiting both projects and their investors.
Conclusion: Mpeppe (MPEPE) – A New Powerhouse in the Memecoin Space
As Mpeppe continues to rise, it offers investors a unique opportunity to be part of a new movement in cryptocurrency, one that leverages the power of internet culture to create wealth and drive community engagement. For those looking to diversify their portfolios and capitalize on the next big thing in memecoins, Mpeppe presents a compelling case for investment. With $1 million already invested by SHIB whales, the future of Mpeppe (MPEPE) looks promising, and its potential to become a leading cryptocurrency in the digital age is undeniable.
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Donald Trump’s decentralized finance (DeFi) project World Liberty Financial has purchased a massive 14,403 Ethereum in the last 24 hours, cementing further confidence in the altcoin. The project made a fresh investment of $16 million in buying these coins and is already sitting on profit as the ETH price surged 5% to $3,4000.
World Liberty Financial Stashes More Ethereum
Trump’s World Liberty Financial (WLFI) has continued to accumulate Ethereum, spending a total of 48 million USDC to acquire 14,403 ETH at a price of $3,333 in the past 12 hours, as per data from Arkham Intelligence.
The organization now holds 40,765K ETH, valued at approximately $138.5 million. Additionally, World Liberty has a significant amount of ETH stored on Coinbase, which they recently deposited.
This recent accumulation puts behind the doubts that the Donald TrumpDeFi Project was offloading its ETH. As World Liberty Financial clarified, it was just part of routine transfers to new wallets and not part of their selling.
More Ethereum Purchases Coming?
On the other hand, Eric Trump, the executive vice president of the Trump organization has hinted that there’s more to come ahead.
Wait until you see what they do tomorrow! 🚀🚀 @worldlibertyfi https://t.co/v8eRDFImHo
— Eric Trump (@EricTrump) January 20, 2025
Commenting on the recent development around the TRUMP meme coin launch as well as the MELANIA meme coin launch, Donald Trump Jr. wrote:
“We are all extremely proud of what we continue to accomplish in crypto. $Trump is currently the hottest digital meme on earth and I truly believe that World Liberty Financial will revolutionize DeFi/Cefi and will be the future of finance. We are just getting started!”
ETH Price Surge to $4,000 Begins
Looking past last week’s underperformance, Ethereum bulls have charged in once again! In the last 24 hours, the ETH price has surged 5.11% moving past $3,400 levels with daily trading volumes jumping 117% to $68 billion. In the last 24 hours, the total ETH liquidations have shot up to $209 million as per the Coinglass data.
Popular crypto analyst CrediBULL crypto stated that ETH has bounced back from the strong support levels of $3,100 and is on the way to its immediate target of $4,000.
Popular analyst Ali Martinez highlights that during every bullish cycle, Ethereum (ETH) has traded above the 3.2 MVRV Pricing Band, a level that currently stands at $7,000.
In every bullish cycle, #Ethereum $ETH has traded above the 3.2 MVRV Pricing Band. This level currently sits at $7,000! pic.twitter.com/AgCIgexQJH
— Ali (@ali_charts) January 20, 2025
World Liberty Financial (WLFI) Token Sale
World Liberty Financial, has successfully completed the pre-sale of its token and is now offering more at a 230% markup due to overwhelming demand. Launched in September, the platform initially planned to sell 20% of its total 100 billion. However, the project is now offering an additional 5 billion for sale at 5 cents each. The official announcement from the project notes:
“We’ve completed our mission and sold 20% of our token supply! Due to massive demand and overwhelming interest, we’ve decided to open up an additional block of 5% of token supply”.
Tron founder Justin Sun took this opportunity with TRON DAO boosting its investment in World Liberty Financial by adding an additional $45 million. With this new injection, TRON DAO’s total investments in the DeFi venture now reach $75 million.
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.
In an effort to uplift market sentiment, Coinbase CEO recently announced plans to offer ‘tier 1 support’ to Solana following transaction glitches on the crypto trading platform. Notably, the exchange’s CEO, Brian Armstrong, revealed that the transaction glitch on the network was fixed. Further, efforts to prevent such issues ahead were also underway.
As a result, the crypto exchange giant now eyes increased support for the network, mirroring the same level offered to Bitcoin and Ether.
Coinbase CEO Reveals Tier 1 Support Underway
In an X post by Brian Armstrong dated January 22, the Coinbase CEO revealed that the crypto exchange is aiming to provide “tier 1 support for Solana, with the same level of support as Bitcoin, Ethereum, and Base.” This statement indicated that after recent withdrawal issues faced by users on the crypto exchange, efforts to prevent such events in the future were in the pipeline.
Notably, Armstrong stated, “It’s clear we need to step up our game on Solana, scale our infrastructure, and provide native support for common use cases like DEX/memecoin trading.” Although, the CEO’s statements underscored that although the crypto trading platform is currently unable to tackle the surge in activity, a positive outlook for users lies ahead.
SOL Transaction Glitch Fixed: Coinbase CEO
Meanwhile, the Coinbase CEO has also revealed that the exchange has “the Solana backlog triaged, and transactions should generate quickly again.” This statement comes against the backdrop of a SOL withdrawal halt, wherein leading crypto exchanges Coinbase and Binance halted withdrawals for the crypto amid high withdrawal volumes.
In turn, some traders remain unhappy due to the loss incurred amid the network glitch, whilst others look to withdraw funds as the issue is fixed amid a broader crypto market recovery.
SOL Price Surges Over 7%
As of press time, SOL price pumped nearly 7.5% intraday and is sitting at $257.48. The coin’s 24-hour low and high were $236.36 and $259.83, respectively. Intriguingly, the crypto’s rising trajectory in tandem with the transaction trouble fix, as revealed by the Coinbase CEO, has ignited significant investor enthusiasm. Moreover, the current pump also mirrors the broader crypto market trend, as mentioned above.
Also, it’s worth mentioning that the Solana network saw a huge surge in activity amid the meme coins TRUMP and MELANIA’s recent launch, a potential reason why withdrawal volumes on Coinbase surged. In light of this activity surge, a recent SOL price analysis by CoinGape revealed that the token may experience significant growth ahead. In turn, crypto market watchers continue to eye the token with bullish long-term prospects amid recent developments.
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.
Tron founder Justin Sun has laid out an ambitious plan to drive Ethereum (ETH) price towards a $10,000 price point. Sun’s proposal includes halting ETH sales, taxing Layer 2 solutions, and focusing on Layer 1 development. These bold steps are designed to strengthen the token position in the crypto market and ensure long-term growth.
Sun’s strategy aims to not only optimize ETH supply but also create a deflationary system to build market confidence and attract further investments. His plan comes as the token market dynamics continue to evolve.
Justin Sun’s Bold Plan to Boost ETH Price
On January 22, Justin Sun shared his plan on X to push Ethereum price to $10,000. The Tron founder proposes ceasing Ethereum Foundation (EF) sales of ETH for the next three years. By halting the sale, Sun believes supply will remain stable, supporting a deflationary market model.
Additionally, Sun plans to leverage AAVE lending, staking yields, and stablecoin borrowing to cover operational costs, ensuring long-term sustainability. His vision includes restructuring the ecosystem and creating a more efficient system to fuel ETH’s price growth.
Justin Sun’s Vision for Ethereum and Layer 2 Solutions
Justin Sun has been vocal about his plan and making waves within the crypto community. He also expressed admiration for newly elected US President Donald Trump, highlighting the potential for crypto-friendly policies. Sun’s proposed tax on Layer 2 solutions is a key strategy, aiming to generate at least $5 billion annually.
President @realDonaldTrump consistently delivers remarkable results every day. We should strive to keep up and learn from his ability to achieve outcomes. 🫶
— H.E. Justin Sun 🍌 (@justinsuntron) January 22, 2025
All collected taxes will be used to repurchase and burn ETH, helping to drive the token’s deflationary nature. Tron founder plans to focus on bolstering Ethereum’s core development, ensuring its long-term scalability, and reinforcing its value proposition.
ETH Price Context and Market Update
Ethereum price has remained steady, trading within a range of $3,265 to $3,366 in the past 24 hours. Its 24-hour trading volume was $26 billion, reflecting a slump of 36%. Notably, Ether Futures Open Interest stayed near the flatline today.
However, despite the fluctuation, ETH remains a focal point for large investors. Recent Coingape reports indicate that whales have accumulated over $1 billion in ETH over the past few days.
Adding to the market dynamics, Tron founder Justin Sun has deposited a total of 227,000 ETH to the crypto exchange HTX over the past few months. This move by Sun, in conjunction with his ambitious plans for Ethereum, could further influence ETH’s price trajectory.
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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