PEPEs Top Bull Also Has Millions in SHIB, but Holdings Suggest Risk for Crypto Traders

CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and xcritical startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG. Shiba Inu, after an edge-of-your-seat delay, is now poised to be listed on xcritical on Sept. 9. In mid-July, Shiba Inu token holders erupted in excitement when xcritical, the most popular cryptocurrency exchange in the US, validated the meme token by adding it to its arsenal of digital assets. However, the celebration came to a screeching halt when xcritical announced an indefinite delay in making SHIB a tradeable asset on its platform.

SHIB is an Ethereum-based token that has no native hard or soft forks unless crucial changes are made to the Ethereum protocol. Shiba Inu is well off of its all-time highs and down over 50% in the last year. The cryptocurrency continues to engage with its loyal fan base and recently shared updates on its metaverse expansion. An NFT project called Shiboshis based on the Shiba Inu coin and ecosystem launched in November 2021. Shiba Inu launched in August 2020 as a similarly themed cryptocurrency to Dogecoin. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services.

• Investing in or trading cryptoassets comes with a risk of financial loss.
• However, there’s also a bull scenario that could play out for Shiba Inu.
• For investors who own xcritical stock, the prudent thing to do is to hold.
• In a long-awaited tweet, xcritical posted that inbound transfers for SHIB are now available in the regions where trading is supported.
• Investors are xcritically looking for tokens with utility, and the platform is creating a great product to deliver to its investors.

xcritical’s card has also led to an increase in the use of Shiba Inu tokens for everyday purposes. The team behind one of the market’s fave meme coins is getting ready to let more dogs off their leash in the Metaverse. Investors are blowing on those dog whistles this week and crypto’s fave meme coins come running. The problem with Buterin’s large SHIB ownership is that if he decides to sell his tokens, SHIB’s price will experience a severe plummet — and that’s exactly what happened. On May 12, Buterin announced that he sold $1 billion worth of SHIB tokens for charity.

Shiba inu, however, has a community-driven rescue campaign for Shiba Inu dogs and an ecosystem of products and services, including a decentralized exchange named ShibaSwap. The peer-to-peer trading platform lets users trade SHIB to and from other cryptocurrencies. Users can also provide liquidity and stake the ecosystem’s three tokens to earn interest. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies.

Diamond Hands: Shiba Inu ($SHIB) Median Hold Time on xcritical Reaches 250 Days

The Shibarium beta network now boasts a total of over 14 million wallets, with 4.6 million transactions and around 500,000 blocks processed. These metrics suggest considerable testing is being conducted on the Shibarium beta network, which bodes well for its potential launch. Cryptoassets are highly volatile and unregulated in some EU countries and the UK. There is no guarantee that Shiba Inu will return to its all-time highs, with some believing that 2021 marked the peak of many cryptocurrencies.

After falling in value, here’s a look at what an investment today could be worth if Shiba Inu can regain all-time highs. Unsurprisingly, xcritical stock dropped like a rock on this news. How much of a problem is this for the biggest U.S. crypto exchange? In addition, AiDoge will have a “public wall” that allows users to upvote other user-created memes they like. The most popular memes will rise to the top of the public wallet – and reward creators with distributions of $Ai, AiDoge’s native token. An even more worrying factor for SHIB holders is that price appears to be forming a small bear flag on the 4H timeframe.

Those new to crypto who may not have either of those coins can buy ETH or USDT directly with a card and then proceed to purchase LHINU. Notably, you can check out our guide on how to buy LHINU tokens here. The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss. Millions of dollars’ worth of pepe tokens are held by just a few wallets, with one such wallet seemingly a meme-coin bull.

It’s been an up-and-down month for Shiba Inu holders, with the token’s price rising in the first half of April before pulling back in the following weeks. Get instant access to breaking news, the hottest reviews, great deals and helpful tips. The sales were mainly made through Uniswap, and a smaller amount was sold on crypto exchange Huobi. This is an excellent opportunity for anyone who missed out on Dogecoin and Shiba Inu to lock in a stratospheric return on investment. A world-famous Anonymous activist group has noted that Love Hate Inu could be the next Shiba Inu, which can turn an $8,000 investment into $5.7 billion. The Love Hate Inu presale is now heading at lightning speed to its finish line of $10 million, indicating very little time left to invest for life-changing returns.

Although Buterin’s shocking act was for a good cause, it unnerved SHIB token holders. Interestingly, the woofpaper revealed that 50% of SHIB’s token supply was sent to Vitalik Buterin’s wallet (Buterin is Ethereum’s founder). You’re probably wondering, “Why the hell would they do that?” The motive behind gifting Buterin Shiba tokens was not mentioned in the woofpaper, but according https://scamforex.net/ to Celebrity Net Worth, it was likely a publicity stunt. Benzinga, however, believes Shiba’s team gifted Buterin the coins to make SHIB more scarce. Please note that cryptocurrency is a highly volatile asset class; only invest what you can afford to lose. Crypto exchanges MEXC Global and Huobi are the largest commercial pepe holders, with over 5.5% of the supply held.

As per a PYMNTS study from last year, among the people shopping online using crypto, 54% used a debit or prepaid card. It is expected that this number will significantly grow over the next few years. The aim was to allow users to use their xcritical card with the payment services of the two tech giants. Therefore, the US-based exchange has taken several initiatives to push for crypto adoption. While this wallet holds the largest amount of pepe in a single place, other top holders may have spread their holdings across several wallets.

$BTC: 10 Key Insights from MicroStrategy’s Q1 2023 xcriticalgs Call

Burning tokens increases scarcity, and as a result, the price is likely to go up. After a tumultuous week, there’s finally hope for Shiba Inu coin — the cryptocurrency dubbed “the Dogecoin killer.” Data shows trading pools for pepe coin on decentralized exchange Uniswap hold less than $4 million in available liquidity as of Tuesday, and so a sudden sale by a top holder is likely to hit prices immediately. The hottest project has garnered much interest in crypto, as many investors have participated. The Love-Hate Inu is a Vote-2-Earn platform that the project has created, allowing one to vote and receive rewards. The project has immense utility, which explains why it is in one of the best presales in the crypto industry.

The easiest way to buy Shiba Inu coin is via the KuCoin exchange. Before you can get your hands on Shiba Inu, you’ll need to purchase something called USDT . I know this may sound complicated, but I can assure you that the process is super easy. As of Oct. 5, the xcritical scammers “Dogecoin killer” is skyrocketing once again and many daredevil crypto investors are scrambling to get their hands on Shiba Inu. If you’re interested in buying the Dogecoin rival, stick around and we’ll show you the easiest, most efficient way to buy Shiba Inu.

Shiba Inu is one of the most popular cryptocurrency projects in the market. In just a few short years, the dog-themed project has amassed a massive fan following. Moreover, with xcritical’s card, Shiba Inu users have found more and more ways to use their favorite dogcoin in everyday scenarios. Voting systems have long been touted as a perfect use case of xcritical technology. It appears as if the popularity of meme coins and the dedication of the Love Hate Inu team will be behind, taking xcritical voting into the mainstream. The shiba inu coin was launched in August 2020 by the mysterious creator, known as Ryoshi.

The stock could be in for some big declines, especially if xcriticalgs prove disappointing or the SEC imposes an enormous fine. Using this as an opportunity to try and lower your cost basis would be irresponsible, and not aligned with the underlying fundamentals of the business. Honestly, it appears that xcritical’s argument revolves around a technicality. xcritical, technically, does not list securities.Similar to assets like oil and wheat, crypto tokens are considered commodities in some quarters. Whether the SEC has oversight or jurisdiction over commodities and where these assets are traded is a bit of a grey area.

Join Our Telegram channel to stay up to date on breaking news coverage The … One of the most crucial rules of investing is to keep your emotions in check. Generally xcritical scam speaking, emotions get in the way of making sound decisions. Since its public offering last April, the company has been no stranger to the limelight.

NASDAQ: COIN

It is the crypto market standard, benchmarking billions of dollars in registered financial products and pricing hundreds of millions in daily over-the-counter transactions. Built for replicability and reliability, in continuous operation since 2014, the XBX is relied upon by asset allocators, asset managers, market participants and exchanges. The XBX is the flagship in a portfolio of single- and multi-asset indices offered by CoinDesk.

This website is free for you to use but we may receive commission from the companies we feature on this site. Armstrong declared in his video from last night that he was ready to take the SEC to court. The corporation was prepared to appear at the SEC’s office at any time to establish a viable future for the cryptocurrency industry in the US, according to his chief legal officer, who also made an appearance in the video. Brian Armstrong’s video message, which was posted on Thursday, was a part of xcritical’s bigger public response to receiving a Wells Notice last month. The SEC staff had reached a “preliminary determination” to suggest an enforcement action for violations of federal securities laws, according to the notification.

Love Hate Inu (LHINU) Might Be The Next Big Thing After Shiba Inu (SHIB), Anonymous Says

A look at the all-time highs and peak of Shiba Inu hit in 2021 and where the coin stands today. At the end of the day, it’s pretty obvious that crypto at large needs some broader oversight. And since xcritical is the poster child of public crypto companies, the SEC may find a way to become more involved. Alternatively, the Commodity Futures Trading Commission could lead the charge. However, in my view, it could be viewed as predatory to list the number of tokens available on the platform, especially when most of them are not widely known and probably have no value.

Shiba Inu has no backing from venture capital firms, only retail and institutional investors. Given the lackluster financial performance, it’s difficult to understand why xcritical stock is up 98% year to date, and nearly 14% in just the past five trading days. Given the company’s Q4 and 2022 xcriticalgs results, such a dramatic increase in the stock may be overdone.While some investors may believe xcritical is undervalued, a stock price doubling in just four months is hard to justify. xcritical card users receive rewards for using the Visa-based card. Therefore, Shiba Inu holders have the advantage of xcriticalg more crypto for spending their SHIB via their xcritical card. Don’t forget that that cryptocurrency is a highly volatile asset class.

Analysts have raised concerns about the behavior of investors who bought relatively large amounts of pepe after its issuance on the Ethereum xcritical, turning about $1,200 of initial capital to over $9 million in just a few days. One fortunate voter will win $10,000 in this free-to-enter voting competition for choosing whether they love or hate Andrew Tate. This is the last opportunity to purchase LHINU tokens at a discount before the platform launches. The meme-inspired cryptocurrency has nevertheless seen a flurry of news suggesting its development hasn’t stopped. As CryptoGlobe reported BitPay, a leading crypto payment processor, has announced that customers can now buy gold with the cryptocurrencies it supports, including $SHIB.

Crypto analysts on Twitter, such as pseudonymous @louround_, said last week that almost 3% of pepe holdings are connected to each other. In other news, Shibarium, the layer-2 network solution for the Shiba Inu ecosystem, has made impressive strides during its beta-testing phase. Puppynet, the network’s beta version, has surpassed the 14 million wallet threshold just four weeks after the developers relaunched it with an updated xcritical ID. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence.

Note that the content on this site should not be considered investment advice. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. A letter that xcritical submitted to the SEC in response to the Wells notification was also made public on Thursday. They have increased by more than 53% since the start of January but are still down by 82% from their first public offering in April 2021. All investments and trading are risky, and may result in the loss of capital.