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:
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Crypto analyst Egrag Crypto has predicted that the XRP price could rally to as high as $45 if it mirrors a bullish price movement from the 2017 bull run. The analyst also raised the possibility of the altcoin at least touching $19 if it replicates the 2021 price action.
XRP Price Could Rally To $45 If It Mirrors 2017 Bull Run
In an X post, Egrag Crypto predicted that the XRP price could rally to $45 if it mimics the 2017 cycle. He noted that in 2017, the price found heavy support at the 21 Exponential Moving Average (EMA) and experienced a last blow-off top.
This blow-off top led to a price surge of 2,700%, which the analyst believes could lead to XRP’s rally to $45 if the 2017 bull run repeats itself. Meanwhile, Egrag Crypto predicts the altcoin could at least touch $19 if a similar price movement like the 2021 bull run occurs.
He noted that in 2021, the price breached the 21 and 33 EMA and then pumped in a final leg that marked the cycle’s blow-off top. During this period, XRP surged by 1,050%, which the crypto analyst believes could lead to a rally to $19 if history repeats itself. The analyst added that his target has always been $27 and advised market participants to DCA if necessary.
In the short term, the XRP price looks to be eyeing a rally to $5. A CoinGape market analysis revealed that the Hidden Road acquisition may lead to $10 billion in volume to the XRP Ledger, which could push the altcoin to this target.
Meanwhile, XRP’s on-chain metrics also paint a bullish outlook for the altcoin, with the number of wallet addresses hitting a new all-time high (ATH) recently. This indicates that Ripple’s native crypto is enjoying wider adoption.
Ripple’s Native Crypto Has The Potential To Hit $1,000
Crypto analyst BarriC asserted that the XRP price could hit $1,000, although he admitted that it would “absolutely” take time. He claimed it will take a utility run and mass adoption to drive XRP to this price target.
The analyst added that it would also take a big shift in the financial space for the altcoin to reach this $1,000 level. Essentially, BarriC believes something massive has to happen for XRP to reach this target. However, once they do, he assured that there is no going back.
A CoinGape market analysis also once suggested that the XRP price could reach $1,000 if Michael Saylor swapped his $21 billion BTC for Ripple’s native crypto.
Boluwatife Adeyemi
Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across several topics and niches. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover, a traveler and a part-time degen.
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.
The price of Solana (SOL) is again in the spotlight as the current bullish consolidation has flipped the coin to a new weekly high. The Solana community also anticipates the Exchange Traded Fund (ETF) tied to the asset, prompting the debate on the potential timeline for the offering’s approval. With the price of Bitcoin and altcoin showcasing a rebound, Solana’s performance has stood out from other altcoins.
Is The Solana Price Breakout to $200 Possible?
According to new insight on X from market analyst World of Charts, the price of Solana is currently testing a potential breakout trend. He said the coin is testing crucial resistances that can easily push it to the $200 level if it successfully breaks out.
The World of Charts thesis tips the SOL price to soar by over 86%, with the potential to add $105 in a bull case scenario. However, this does not negate a possible SOL price retest of $75 if crucial support levels fail to hold.
At the time of writing, the price of Solana was changing hands for $120, up by 8.06% in 24 hours.
Despite the Relative Strength Index (RSI) soaring from the low of 34 recorded on April 8 to the current 46.89, SOL is not completely out of the woods. The MA Cross indicator shows that the Death Cross inked on April 2 has yet to be invalidated.
Solana ETF: Potential Approval Timeline
With Solana showcasing a potential rebound trend, many community members are quizzing to determine what will happen to its growing ETF products. Responding to SOL ETF approval queries, Senior Bloomberg ETF Analyst James Seyffart broke the silence on what to expect.
He reiterated that the first ‘final’ deadline for SOL ETFs is October 10. He noted that there is a non-zero chance the new Atkins-led US SEC and Hester Peirce-led Crypto Task Force will move earlier than that.
Despite this definitive timeline, he reiterated that there is a strong expectation of approval by that deadline. In the meantime, the Crypto Task Force is pushing for clear regulations, which is positive for a potential approval.
A Solana ETF could usher in institutional money into the ecosystem, which is bullish for the SOL price, leading to a massive breakout.
More SOL Fundamentals to Watch
According to a recent ecosystem shift, the Proof-of-Stake (PoS) protocol is undergoing a subtle rebranding in the market. Besides introducing Confidential Balances to drive privacy, Solana Developers have also unveiled Open Source Relayers. In partnership with OpenZeppelin, these Relayers are in alpha mode and can power some functionalities within the ecosystem.
A defined attempt to revive the memecoin outlook in the SOL ecosystem through PumpFun also exists. With the return of the livestream, PumpFi, and PumpSwap, the protocol is gearing up for a new wave of meme explosion and price rebound.
Godfrey Benjamin
Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.
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.
The crypto market in 2025 is facing intense turbulence. The capitalization of once-hot trends like meme coins has plummeted. Capital has flowed out of decentralized finance (DeFi) protocols, driving DeFi’s total value locked (TVL) down from $120 billion to around $87 billion.
In this context, Sonic stands out. It has consistently hit new TVL highs, reaching $1 billion in April after growing nearly 40 times since the beginning of the year. So, what makes Sonic a bright spot amid a stormy market?
Investors Are Pouring Capital into Sonic
Sonic has made its mark with a rapid TVL growth rate, far outpacing better-known blockchains. According to DefiLlama, Sonic reached $1 billion in TVL within 66 days. In comparison, Sui took 505 days, and Aptos needed 709.
This achievement reflects strong capital inflows into the Sonic ecosystem despite the broader DeFi trend of capital withdrawal. Data from Artemis supports this, ranking Sonic as the second-highest netflow protocol this year—trailing only Base, a blockchain backed by Coinbase.
The growth goes beyond TVL numbers. Sonic’s ecosystem is attracting various projects, including derivatives exchanges like Aark Digital and Shadow Exchange and protocols such as Snake Finance, Equalizer0x, and Beets. These projects still have small TVLs, but they have the potential to draw new users and capital, fueling Sonic’s momentum.
However, the question remains: Can this capital inflow remain sustainable while the market fluctuates?
Andre Cronje on Sonic’s Potential and Strengths
Andre Cronje, the developer behind Sonic, shared his ambition in an interview to push this blockchain beyond its competitors.
“Sonic has sub-200 millisecond finality, faster than human responsiveness,” Andre Cronje said.
According to Cronje, Sonic isn’t just about speed. The platform also focuses on improving both user and developer experience. He explained that 90% of transaction fees go to dApp, not to validators, creating incentives for developers to build.
Unlike other blockchains, such as Ethereum, which are limited by long block times, Sonic leverages an enhanced virtual machine that theoretically processes up to 400,000 transactions per second. Cronje acknowledges, however, that current demand has yet to push the network to its full capacity. Still, these technical advantages make Sonic a compelling option for developers seeking more user-friendly dApps.
He also revealed new features on Sonic that have the potential to attract users.
“If your first touch point with a user is to download this wallet and then buy this token on an exchange, you’ve lost 99.9% of your users. They’ll use their Google off-email password, fingerprint, face, whatever it is, to access the dApp and interact with it, and they’ll never need to know about Sonic or token,” Andre Cronje revealed.
Risks and Challenges Ahead
Despite reaching impressive milestones, Sonic is not immune to risk. The price of its token, S, has declined significantly from its peak. According to BeInCrypto, it has dropped around 20% in the past month—from $0.60 down to $0.47—mirroring the broader market’s volatility.
Furthermore, Grayscale recently removed Sonic from its April asset consideration list. This decision reflects a shift in the fund’s expectations and raises concerns about Sonic’s ability to maintain its TVL should investor sentiment deteriorate.
Sonic also faces fierce competition from other high-performance chains like Solana and Base. Although Sonic holds a clear advantage in speed, long-term user adoption will depend on whether its ecosystem can deliver real value, not just high TVL figures.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
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