The burn rate of Shiba Inu (SHIB) tokens hit a new record high, with over 55 million SHIB sent to dead wallets, marking a 283% increase in burn rate. More individual wallets are participating in burning small amounts of SHIB, indicating a decentralized deflationary process. Over 410.6 trillion SHIB tokens have been burned, approaching the circulating supply of 579 trillion tokens. The rate of burning Shiba Inu (SHIB) tokens has reached a new record high, data from Shibburn shows. Over 55 million SHIB were sent to dead wallet addresses overnight, representing a 283% increase in the burn rate ..read more

Memecoins adapt amidst shifting market trends and fierce crypto competition. Floki teases “FlokiFi” DeFi products with a boost in trading volume. Memecoins took center stage in the 2023 crypto landscape. In Q2, big names like Shiba Inu, Floki, and Pepe dominated discussions among traders and investors, leading to extraordinary price surges. Their social dominance reached new heights during this period. However, in the middle of Q3, a shift occurred. Other significant events, such as XRP’s victory over the SEC, the fluctuations in bear market prices, and the anticipation surrounding Bitcoin ..read more

57 new anonymous wallets, with no transaction history, have made the initial investment in PEPE, raising suspicions. Less common protocols, such as Fixed Float and Uniswap Universal Router, were deployed by the suspected insiders. In an exclusive investigation, Sasha, the co-founder of Arcanum Ventures delves into the mysteries surrounding PEPE, one of the most sensational memecoins of recent times. Building on his previous report, he scrutinized the early on-chain transaction data. Shortly after the complete token supply of Pepe was minted, a staggering 93% of these tokens were swiftly tra ..read more

Due to the Relative Strength Index (RSI) being so overbought at 93, caution is warranted. LOOM has gained nearly 24% in the last 24 hours as per data from CMC. The crypto market continues to struggle with major cryptocurrencies trading in red. However, investors have sought solace in the Loom Network (LOOM). The token has had a tremendous price increase, rising by almost 510 percent in the previous 30 days to its current value of $0.26. LOOM has gained nearly 24% in the last 24 hours as per data from CMC. Moreover, it has surged 54% in the last 7 days. Source: CoinMarketCap The optimistic p ..read more

FLOKI coin surges 8% in the past 24 hours. Mysterious “17.10.2023” post teases big FLOKI announcements. FLOKI, the meme coin sensation, is creating a buzz with its remarkable surge and an intriguing announcement that has the community abuzz. Over the past 24 hours, FLOKI has soared by 8%. And  The FLOKI team recently shared a cryptic post with the date “17.10.2023,” which immediately garnered a lot of attention. Insiders have hinted at a series of exciting announcements scheduled to kick off on October 17th. Notably, the mysterious post tagged “FlokiFi,” which is a suite of decentralis ..read more

Billy Markus, co-creator of Dogecoin, had $500 stolen during a visit to Japan. He expressed equal dismay over the theft and cultural shame, considering himself a Japanese-American. Markus accidentally left his fanny pack with the money in a public restroom with fancy amenities. Billy Markus, who co-created the Dogecoin cryptocurrency back in 2013, revealed via Twitter this week that he had $500 stolen from him during a visit to Japan. However, he expressed equal dismay over both the theft and the cultural shame it elicited as a Japanese-American. In a series of tweets, Markus explained that ..read more

The treasury has no DAI and the only liquid assets are an insurance fund. The popularity of the token was boosted by its incorporation into Aerodrome Finance. After its reserves of DAI were depleted, the value of the polygon-based stablecoin Real USD (USDR), which is backed by real estate holdings, plummeted to almost $0.51 within a few hours yesterday. On-chain data revealed by USDR’s creator, Tangible DAO, shows that the treasury has no DAI and that the only liquid assets are an insurance fund worth around $6.2 million on a circulating supply of 45 million USDR, or about $45 million at th ..read more

On-chain analyst Lookonchain tracked 33.9 million USDT stablecoins withdrawn from Circle and deposited into Kraken. The USDT originated as USDC and was swapped and routed to Kraken in two separate transactions. Santiment reported a spike in Tether stablecoin activity, with active wallets and exchange deposits reaching multi-month highs. On-chain analyst Lookonchain recently tracked two wallets withdrawing a combined 33.9 million USDT stablecoins from Circle and depositing them to major U.S. exchange Kraken. While the entity behind the wallets is unknown, Lookonchain suspects the same instit ..read more

Dogecoin whale activity surged 49.6% to $1.32 billion in 24 hours on October 10th, while trading volumes dropped 22% to $153.7 million. A discrepancy exists between retail and large-holder DOGE trading, indicating a tug-of-war in the market. Despite the current bearish trend, major holders are accumulating DOGE, suggesting long-term bullish expectations. Dogecoin has seen a divergence between lackluster prices and a spike in whale activity amid the latest crypto sell-off. Data from IntoTheBlock shows Dogecoin whale transactions jumped 49.6% to $1.32 billion over 24 hours as of October 10th ..read more

Shiba Inu has experienced a notable increase in large-holder inflows, despite a declining price in the wider crypto market. On October 7, whale inflows for SHIB were at 169 billion, and on October 8, they surged to nearly 3 trillion, marking a 1,587% spike. Large inflows can indicate accumulation and potential market bottoms as major players buy during dips. Shiba Inu is registering a surprising surge in large-holder inflows even as its price declines amid a wider crypto market selloff. According to on-chain analytics firm IntoTheBlock, SHIB saw whale inflows explode from 169 billion on Oct ..read more