Pepe

April

Shiba Inu

Trillion

<figure> 
 <figcaption>
   Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a> 
 </figcaption> 
</figure> 
<p>Check out the top three news stories from the past weekend presented to you by U.Today.</p> 
<h2 id="only-76-trillion-shib-left-for-shiba-inu-s-price-to-move-forward">Only 76 trillion SHIB left for Shiba Inu's price to move forward</h2> 
<p>According to recent on-chain data, for the past seven days, <a href="https://u.today/only-76-trillion-shib-left-for-shiba-inus-price-to-move-forward" rel="noopener noreferrer nofollow">Shiba Inu</a> has been hovering around the $0.00000813 price level. This absence of price movement could signal the beginning of a major shift. The insight into this could be revealed by IntoTheBlock's global in/out of the money (GIOM) metric, which identifies the average cost at which tokens were purchased for any address with a balance. The address is "in the money" if the current cost exceeds the average cost; if it is less, it is "out of the money." According to this metric, only 76 trillion SHIB tokens are left for the price to move forward. This implies that many SHIB owners are currently "in the money," which may serve as a resistance level for the cryptocurrency.</p> 
<h2 id="pepe-15-million-drama-puts-it-among-top-trending-assets-on-market">Pepe $15 million drama puts it among top trending assets on market</h2> 
<p>Pepe, a meme coin launched in late April 2023, has recently found itself at the center of a <a href="https://u.today/pepe-pepe-responds-to-unexpected-transactions-that-led-to-price-crash" rel="noopener noreferrer nofollow">scandal</a>. On Aug. 26, Pepe's official X handle wrote that former project team members allegedly stole roughly $15 million worth of tokens and sent them to various crypto exchanges to sell. The incident struck the already struggling asset, which hit its bottom on June 16 and lost all of its summer gains. After removal of such a substantial amount of tokens, it is expected that Pepe would face even more erratic price movements. However, the <a href="https://u.today/pepe-16-million-drama-puts-it-among-top-trending-assets-on-market" rel="noopener noreferrer nofollow">drama</a> has also partially worked for Pepe's benefit, as it has propelled the token to the top trending assets on the market on CoinMarketCap, increasing its visibility among potential investors.</p> 
<h2 id="shiba-inu-shib-and-shibarium-achieve-two-big-milestones">Shiba Inu (SHIB) and Shibarium achieve two big milestones</h2> 
<p><a href="https://u.today/shiba-inu-shib-and-shibarium-achieve-two-big-milestones-details" rel="noopener noreferrer nofollow">Shiba Inu</a> has broken another record in terms of total addresses. Per IntoTheBlock data, on Aug. 26, this metric hit a new high of 3.56 million. The achievement can be attributed to the relaunch of Shibarium, which attracts new users on a newly appeared wave of enthusiasm. Shibarium is now live on GeckoTerminal, a real-time DEX tracker powered by the crypto ranking platform CoinGecko, allowing users to track all Shibarium tokens. It is currently producing blocks and running smoothly. According to blockchain explorer <a href="https://www.shibariumscan.io/" rel="noopener noreferrer nofollow">Shibariumscan</a>, Shibarium has also recorded a major milestone, with the total number of transactions reaching 381,770 at the moment of writing.</p>

Only 17 Trillion SHIB Left for SHIB's Price to Move Forward, PEPE $15 Million Drama Puts It Among Top Trending Assets, Shiba Inu and Shibari...

Table of Contents

U.Today

Other articles published on Aug 28, 2023

Binance's Risk Management Unveiled: Navigating Low-Cap Altcoin Challenges

Supra Introduces a Cross-chain Bridgeless Technology — HyperNova — that Enables Secure Blockchain...

Indian PM Modi calls for global cryptocurrency framework at G20 Summit

Binance Resumes Services in Belgium!

XRP Now Available on New Exchange

$BLUR Price Went Up 15.51% Over the Last 24 Hours

Join our free newsletter for daily crypto updates!