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PEPE, the amphibian-themed token that kickstarted the meme coin season in April this year, remains a subject of both fascination and volatility within the cryptocurrency landscape. Its journey, marked by highs and lows, offers insights into the evolving dynamics of this speculative market.
This week, we take a closer look at Ethereum, Ripple, Cardano, Shiba Inu, and SOL. Ethereum (ETH) The market took a sharp turn and ETH crashed by 8.6% this week with most of the loss registered yesterday in the span of a few hours.
Shiba Inu (SHIB), the meme coin that took the crypto world by storm, recently faced a significant setback. A staggering 35% of SHIB's gains evaporated during what is now being referred to as the "Shibarium correction.
The Shib army was disappointed after the much-anticipated launch of the Shibarium protocol failed to meet expectations that matched the hype as transactions got stuck just after the mainnet launch. With the team failing to beat everyone's expectations, there has been growing Fear, Uncertainty and Doubt (FUD) in the ecosystem.
Shiba Inu (CRYPTO: SHIB) on Friday experienced a significant decline of 12% in the last 24 hours, making it one of the worst-performing meme coins compared to Dogecoin (CRYPTO: DOGE) and Pepe Coin (CRYPTO: PEPE). What Happened: This downturn comes shortly after the Shiba Inu team launched the long-awaited Ethereum (CRYPTO: ETH) layer 2 solution, known as the Shibarium.
Meme coins have exploded onto the crypto scene, offering a delightful twist to the world of digital tokens. Inspired by internet memes and pop culture icons, these coins have created an energetic and vibrant subculture within the cryptocurrency universe.
Shibarium, an Ethereum layer-2 blockchain, activated its Fail Safe mode post-launch due to high traffic, ensuring fund safety. The team is scaling to meet user demands.
Shiba Inu's Layer-2 Shibarium network has restarted, producing blocks again after almost a day without transactions. Lead developer Shytoshi Kusama confirmed earlier that high-level traffic on the blockchain caused some issues, but the funds are safe.
Shiba Inu is having hard times, just like the rest of the market.
The recently launched Shibarium is facing issues as transactions are stuck in a pending state, resulting in over 1,003 ETH (equivalent to $1.79 million) being locked.
Several actions by whales suggest a possible “buy the rumor, sell the news” at the expense of SHIB, but in PEPE's favor.
The Shiba Inu (SHIB) ecosystem recorded a beehive of new activities on Thursday after the mainnet launch of the much-awaited Shibarium layer two (L2) scaling solution. However, the Shibarmy had a challenging time following initial reports of lost deposited funds through the Shibarium bridge.
The Shiba Inu community recently faced a whirlwind of emotions with the launch of Shibarium, its Layer 2 (L2) scaling solution. This highly anticipated event was marred by a significant setback: over 1,000 ETH became temporarily trapped in the bridge contract.
Shibarium's much-anticipated launch had a rocky start when bridging issues left $2.5 million worth of assets trapped on-chain. Shiba Inu's anonymous lead developer, Shytoshi Kusama, initially dismissed the concerns, but blockchain data suggest a different reality.
Beleaguered crypto lender Voyager is selling troves of its Shiba Inu (SHIB) holdings as it liquidates millions worth of the crypto asset on the US-based digital asset exchange Coinbase. Data from the blockchain analytics platform Lookonchain shows that in the last several days, Voyager sold 49 different tokens on Coinbase amounting to about $63 million.
It was guilt by association with a clunky new Layer 2 blockchain that went live on Wednesday.
According to the project's lead developer, Shibarium, the layer-2 scaling solution for the Shiba Inu (SHIB) has experienced a significant influx of users and transactions following its recent launch. Shibarium, the newly launched layer-2 scaling solution for the Shiba Inu (SHIB) cryptocurrency, has faced technical difficulties due to an unexpected surge in user activity and
A mysterious Shiba Inu (SHIB) whale is suddenly moving trillions of SHIB as the project launches its new layer-2 scaling solution, Shibarium. New data from whale-surveying platform Whale Alert reveals that a deep-pocketed SHIB investor has abruptly shifted a staggering 4,654,881,590,632 tokens, worth about $40.7 million, from one unknown wallet to another unknown wallet.
Shytoshi Kusama, co-founder of the Shiba Inu ecosystem, blamed a massive influx of transactions and user activity for technical difficulties in Shibarium.
In this week's issue, we cover Coinbase's launch of "Base," a layer-2 network atop Ethereum, along with the crypto community's reaction to PayPal's new stablecoin and the brouhaha over Matter Labs' use of Polygon-crafted open-source software. The Protocol is CoinDesk's weekly newsletter devoted to blockchain and crypto technology.
Shiba Inu's Shibarium launch promised to elevate SHIB and BONE beyond memes, but challenges surfaced. Amid hopes and hurdles, the community awaits Shibarium's evolution.
The Shiba Inu (SHIB) ecosystem was buzzing with anticipation as the Shibarium network launched. But instead of a triumphant entry, SHIB tokens nosedived by around 9%, catching many investors off guard.
These meme coins are in the trending section but not for the right reason.
The lead developer of memecoin Shiba Inu (SHIB) says that the project's new layer-2 scaling solution Shibarium is doing just fine after experiencing a “massive influx” of users.
