Dogecoin Up 6%, Shiba Inu Surges 14%: What’s Going On With The Meme Coin Kings?
Meme coin leaders Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) are picking up steam and could rise even further, according to predictions.
What Happened: Shiba Inu’s burn rate increased by 640.7%, as around 1 million SHIB coins were burned in a single transaction, according to Shibburn data. Over the past 24 hours, the Shiba Inu ecosystem removed 5.56 million SHIB coins.
Lucie, Shiba Inu’s marketing lead, announced the SHI stablecoin, which will be the key development for stability and utility for the Shibarium ecosystem. SHI was first launched by Ryoshi in 2021 to function as a stable, decentralized currency.
Crypto chart analyst Ali Martinez stated that over the past 48 hours, Dogecoin whales purchased more than 1.4 billion DOGE, worth $140 million. A significant movement in …
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