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SHIB Flippened DOGE With $160M in ‘Smart Money’ Backing Latest Pump
Shiba Inu, the self-proclaimed dogecoin killer, briefly surpassed DOGE in market value Wednesday, backed by “smart money” worth about $160 million from the past seven days. This comes as ads for Floki, a meme-based coin named after Tesla CEO Elon Musk’s shiba inu dog, have appeared on London’s transportation network in recent weeks.
Why Shiba Inu Has Been More Resilient Than Some SHIB Haters Would Like to Admit
While institutional investors have largely ignored dogecoin killer shiba inu (SHIB), the meme-token is rising thanks to its SHIB Army grassroots community. “The Hash” squad discusses the SHIB phenomenon and why this is a continuing story to watch.
Dogecoin Foundation Returns With Ethereum’s Vitalik Buterin as Adviser
The Dogecoin Foundation, a nonprofit organization that aims to support the development of DOGE, has been re-established with Ethereum co-founder Vitalik Buterin as its “blockchain and crypto adviser.” The foundation is now hoping to secure a three-year budget to hire a small staff to work on dogecoin full-time.
There’s Now Almost Zero Correlation Between Dogecoin and Bitcoin
Dogecoin has taken on a life of its own. The memecoin used to be correlated with the price of bitcoin, but data gathered by CoinDesk’s research team shows the correlation between the two cryptocurrencies has dropped to nearly zero. “All About Bitcoin” host Christine Lee breaks it down in the Chart of the Day.
Vitalik Buterin's Re-Gift of Shiba Inu Coin Sends Memecoins Plummeting
The creator of Ethereum, Vitalik Buterin, sent memecoin prices spiraling after he made a massive donation of an unsolicited dogecoin knockoff, Shiba Inu (SHIB), to charity. "The Hash" panel discusses the impact of Buterin's move on the crypto markets.
