310 Million Dogecoin (DOGE) Disappears into Unknown After Robinhood News Hits.

Today, the crypto space erupted with intrigue following the transfer of a whopping 310 million Dogecoin (DOGE), valued at $51.07 million. Whale Alert data revealed the movement from the address DEgDV^ prime prime to "DDuXG," igniting speculation within the popular meme cryptocurrency community.

What's catching everyone's attention is the potential tie to Robinhood, the U.S.-based brokerage giant. Sources suggest that the sender's address, holding 30.97 billion DOGE, worth $5.07 billion, could be linked to Robinhood. Meanwhile, the recipient address now holds 2.14 billion DOGE, valued at $350 million.

This transfer coincides with Robinhood's
recent announcement of its plans to
acquire Bitstamp, an old major European
cryptocurrency exchange, for
approximately $200 million in cash. The
acquisition, planned for completion by the
first half of 2025, adds an interesting layer
to the narrative.

What is clear is that this transfer marks a significant event in Dogecoin's journey, with the sender's address emerging as the largest DOGE holder, controlling around 23.4% of the total volume. This wallet's origin in May 2023 aligns with Dogecoin's surge in popularity, especially on platforms like Robinhood, which served as a gateway for many new cryptocurrency investors.

With major acquisitions and large-scale movements shaping the market, all eyes are on how this narrative will impact the DOGE price in the coming days.

XRP Bulls Eye Long- Overdue Price Rebound.

XRP has remained relatively stagnant this month, despite ambitions to curb the negative growth trends June has been known for over the past decade. While the reality is glaring, XRP bulls are eyeing what analysts labeled as a long-due price rebound that might help the coin retest its highest level over the past year, pegged at $0.8875.

What is XRP doing differently?

While pressing for price growth, fundamentals are typically associated with imminent price growth moves. In the case of XRP, most of the efforts of XRP Ledger developers have yielded little to no major price jumps.

Despite the release of the Automated Market Maker (AMM) engine and the emergence of several functioning pools on the Ledger, the price of XRP remains bound between the $0.4879 and $0.5561 price range over the past month.

The impact of the Ripple escrow lockup has also not impacted the price of XRP in the most preferred ways. With millions of XRP locked up and released from escrow monthly, there is an optimal level of dilution that has helped keep XRP in tune with meeting liquidity demands.

Overall, market observers are concerned about XRP's growth trajectory, especially with the lingering lawsuit between the United States Securities and Exchange Commission (SEC) and its associated blockchain payments firm, Ripple Labs.

More innovators are suing for more decentralized applications (dApps) on the XRP Ledger that can help drive the demand for XRP and ultimately its price.

Whale influence.

Many analysts considered the slow growth in the price of XRP as its latent period. This is because the coin is highly favored by whale transactions that generally see billions of XRP traded daily.

When these fundamentals converge, analysts are optimistic that the price of XRP will not only breach the $1 price level, but it might retest its ATH of $3.84.

Shiba Inu: Crucial Telegram Alert Issued to SHIB Holders, Here's Reason.

The Shiba Inu community is being urged to exercise caution following a crucial warning about an increasing number of scams on Telegram.

Fraudsters are impersonating official Shiba Inu ecosystem Twitter accounts on Telegram, particularly those related to Shibarium and Treat, in an attempt to deceive and defraud users.

Scammers are exploiting the popularity of the Shiba Inu ecosystem by creating fake Telegram accounts that mimic the official Shiba Inu X (Twitter) handles.

These fraudulent accounts have identical names to the official Shiba Inu X accounts and are intended to mislead users into believing they are engaging with legitimate Shiba Inu projects, thereby gaining their trust and potentially stealing their assets.

In this light, Shibarmy Scam Alerts, or @susbarium, an X account dedicated to exposing scams, has issued a safety warning for the Shiba Inu community to beware of fake Telegram accounts as scammers impersonate official Shiba Inu ecosystem accounts.

According to the Shiba Inu-focused X account, the Shiba Inu tea runs the @Shibariumnet and @Treatsforshib accounts on X. The story is different on Telegram as these accounts are run by scammers.

The Shiba Inu community is urged to stay vigilant and cautious when interacting with Telegram accounts. They should always verify identities as well as any announcements or offers against the official Shiba Inu website and X accounts. They should also never disclose personal information, private keys or wallet seed phrases to anyone purporting to represent Shiba Inu. This is because official representatives would never ask for such sensitive information.

As reported, the Shiba Inu team is not conducting token airdrops, nor are any giveaways planned for the immediate future; thus, the SHIB community is urged to remain skeptical of such claims.

Overall, the key message is to stay safe, never to click on suspicious links and to refrain from sharing wallet keys or personal information with anyone.

1.356 Trillion SHIB Suddenly Bought by 9
Wallets - What's Going On?

Analytics X account @lookonchain has reported that on June 5, a "crazy SHIB buy" took place as cryptocurrency whales accumulated a staggering amount of Shiba Inu meme coins.

It coincided with the price of the second largest meme cryptocurrency, SHIB, soaring by almost 8% within the past two days and a massive SHIB burn rate jump noted within the last 24 hours.

Trillions of SHIB absorbed by anon whales.

@lookonchain revealed that nine wallets, which belonged to two anonymous whales, purchased a mind-blowing 1.356 trillion Shiba Inu, paying $35.2 million in fiat for them at an average price of $0.00002596 per meme coin.

SHIB whales seem to have become more active this week. Aside from the above- mentioned massive SHIB buy, on June 5, the same analytics data source reported that an anonymous "super big SHIB whale" accumulated 715.9 billion SHIB meme coins. That cost him 4,849 ETH, valued at $18.44 million at the time of performing the transaction.

This second SHIB purchase was made by a whale who accumulated 5.5 trillion Shiba Inu in SHIB's early days for roughly $400 million and then sold that amount for approximately $121 million, when the SHIB price reached two peaks. Thus, he made more than $120 million of pure profit on those trillions of SHIB.

The above-mentioned purchases took place as SHIB whales became active this week and coincided with the meme coin's price soaring by more than 10% on June 5, reaching a peak of $0.00002630. Then a slight rebound followed, taking the price down by 2.65%.

As of this writing, Shiba Inu is changing hands at $0.00002258.

SHIB burns soar 3,895%.

In the meantime, according to the Shibburn explorer, overnight, the Shiba Inu burn rate demonstrated an impressive surge, skyroc keting by almost 3,895%. A total of 4,829,147 SHIB was transferred to unspendable wallets (i.e., burned) in total.

The largest burn transaction here carried 4,039,143 SHIB to a dead-end wallet approximately 15 hours ago.

Litecoin (LTC) Reaches Historic 250 Million
Transaction: Details.

Litecoin (LTC), one of the market's early cryptocurrencies, is celebrating a historic milestone as it reaches a quarter-billion transactions.

In a landmark achievement for the cryptocurrency, regarded as the "silver to Bitcoin's gold," Litecoin has exceeded 250 million transactions.

Litecoin, founded in 2011 by Charlie Lee, was created as a lighter and speedier alternative to Bitcoin, with faster transaction confirmations and cheaper fees. These qualities have made it a viable option for everyday transactions and micropayments, contributing to its widespread adoption.

The year 2024 has been especially remarkable for Litecoin, with over 40 million transactions processed in the year, demonstrating an increase in activity and interest in the cryptocurrency.

Over the years, Litecoin has been integrated into numerous payment processors and merchant services worldwide. Its acceptance by major platforms and retailers has expanded its usability, driving transaction volume and adoption.

According to current data, LTC has been used to pay for goods and services on BitPay, a crypto payment processor, over 133,000 times. In March, the Litecoin network received the Core 0.21.3 release, which brought significant improvements to the network, thus increasing its appeal.

Litecoin is currently the 20th largest cryptocurrency, with a market capitalization of $6.33 billion and a 1.22% price gain in the previous 24 hours to $84.94. This milestone of completing over 250 million transactions is more than a numerical achievement; it might suggest Litecoin's continued relevance and potential for future growth in the cryptocurrency market.

As Litecoin's growth accelerates, the crypto community celebrates this quarter- billion transaction milestone while anticipating the next big thing as its journey continues.

DOGE Price Prediction for June 6.

DOGE/USD.

The price of DOGE has declined by 1.49% over the last 24 hours.

On the hourly chart, the rate of DOGE might have found a local support level of $0.1617. Now, one needs to pay attention to the daily closure in terms of this mark.

If the daily closure happens far from that mark, there is a chance to see a bounce back to the resistance.

On the daily time frame, the price is trading within yesterday's bar, which means neither buyers nor sellers are dominating. An upward move may happen only if the breakout of the interim level of $0.1650 takes place.

From the midterm point of view, the picture is similar as the rate of DOGE is far from the key levels. In addition, the volume is falling, which means buyers are not ready yet to buy the coin at current prices. All in all, ongoing consolidation in the zone of $0.15-$0.17 is the more likely scenario.

DOGE is trading at $0.1627 at press time.

Solana (SOL) Maintains Bullish Trajectory Above 100- Day SMA, Rally Looms?

Solana (SOL) has shown remarkable market resilience by holding onto its position above the 100-day Simple Moving Average (SMA) in spite of notable market turbulence. SOL has seen a lot of volatility in the last several months, but it has found firm support at this pivotal moving average, indicating a persistent positive mood.

The ability of Solana to hold above the 100-day SMA shows that buying enthusiasm outweighs any downward pressure, providing a good basis for future upward momentum thereby attracting the attention of traders and investors.

As of the time of writing, SOL's price was down by -0.56%, trading at about $172. Its market capitalization was over $79 billion, and its 24-hour trading volume was over $1.9 billion. Both market
capitalization and the trading volume are down by -24% and -22.39% respectively.

Technical Analysis Of Solana.

This analysis was carried out using both the 4-hour and daily timeframe with the help of the 100-day SMA and the Relative Strength Index (RSI) indicators.

Solana is currently moving in a consolidation manner, building up momentum above the 100-day simple moving average in the 4-hour chart. Judging from the price movement, it can be suggested that SOL might move upward.

The 4-hour relative strength index is also actively positive as the RSI line is seen trending above the 50% level. From this RSI formation, it can be suggested that SOL will move down a bit closer to the SMA before making a good move in the upward direction.

SOL on the 1-day chart also looks bullish as it attempts to move upward after rejection at the $160 support level. Thus at this point, It can be suggested that the price of SOL can still potentially move upward.

Finally, we can see that the daily RSI is highly bullish because it rejected a downward move at the 50% level and started to rise again, indicating that the crypto asset is bullish and that the price could make a run for it.

Ethereum Whale Moves $33.55 Million in ETH to Coinbase: Details.

An Ethereum (ETH) whale has transferred 8,710 ETH, valued at approximately $33.55 million, to Coinbase, one of the leading cryptocurrency exchanges. The transaction was highlighted by Whale Alert, a service that tracks large crypto transactions. The transfer has sparked speculation that this whale might be preparing to sell a large portion of their holdings.

Such moves are closely watched by the crypto community, as they can significantly impact market dynamics. Given the recent rally in Ethereum's price, it is plausible that the whale intends to capitalize on the gains. Over the last 30 days, the ETH price has surged by 22.15%, and it is currently trading at $3,849, up 1.20% in the past 24 hours.

Market context and implications.

Ethereum's recent price performance has been robust, driven by a confluence of factors, including market optimism and broader adoption trends. The approval of spot Ethereum ETFs (exchange-traded funds) has been a major catalyst. These ETFs are expected to begin trading in the coming weeks, and many analysts believe that their introduction will further fuel Ethereum's price appreciation.

The approval of these ETFs marks a significant milestone for the leading altcoin, providing traditional investors with a new avenue to gain exposure to the cryptocurrency. This could potentially lead to increased demand and higher prices. Analysts are bullish on Ethereum's outlook, predicting that the price could surge as these ETFs launch and attract more institutional and retail investment.

Whale transactions, particularly those involving large amounts of cryptocurrency being moved to exchanges, are often seen as precursors to market volatility. Historically, large sell-offs have sometimes led to short-term dips in price, but the overall upward trajectory is driven by strong fundamentals, and increasing adoption tends to mitigate long-term concerns.

Charles Hoskinson Defends Cardano's Progress Against Media Claims.

Cardano's founder Charles Hoskinson strongly rejected recent media claims about the cryptocurrency ADA's decline, asserting that the network continues to make promising developments. Hoskinson's frustration was evident as he addressed what he sees as a significant disconnect between media perception and Cardano's actual progress and fundamentals. He highlighted several key developments underscoring Cardano's strength and bright future.

Hoskinson Expresses His Discontent.

Hoskinson took to the social media platform X to express his dissatisfaction with the current narrative surrounding ADA. "Throughout my career, I have never seen such a deep disconnect between the reality and perception of Cardano's true fundamentals against cryptocurrency influencers and media," he said.

The upcoming Chang Hard Fork forms one of the cornerstones of significant developments for ADA. This hard fork will burn all seven genesis keys, fully transferring protocol control to the Cardano community and marking a historic step towards full decentralization. The upgrade, as outlined in CIP-1694, will not only enhance on-chain governance but also introduce delegated representatives (DReps) to further decentralize decision-making processes.

Key Highlights for Hydra.

Beyond the hard fork, Hoskinson highlighted a series of initiatives designed to foster growth and innovation within the Cardano ecosystem. Among these is Hydra, a Layer-2 scalability solution poised to increase transaction speeds and reduce costs. This technology is now reaching maturity. Additionally, Cardano is expanding through sidechains like Midnight and Prism, exemplifying the network's collaborative and innovative potential.

Cardano's vibrant community is another
testament to its strength. This strength is clearly seen in the increasing number of
decentralized applications (DApps) and significant research efforts on blockchain scalability. Upcoming key events will further showcase Cardano's strong community and drive for innovation.

XRP Price Prediction for June 6.

XRP/USD.

The price of XRP has dropped by 0.47% since yesterday.

On the hourly chart, the rate of XRP is closer to the local support level than to the resistance. If the situation does not change, one can expect a level breakout, followed by a move to $0.52.

On the bigger time frame, the price of the altcoin is falling after a failed attempt to fix above the $0.53 mark. If buyers cannot seize the initiative until the end of the day, the correction may lead to the test of the $0.51 area soon.

From the mid-term point of view, it is too early to make any far price projections as a few days left until the candle closure.

In this regard, an ongoing sideways trading in the wide range of $0.50-$0.54 is the more likely scenario.

XRP is trading at $0.5235 at press time.

Shiba Inu (SHIB) and Cardano Explode With Whale Activity.

The cryptocurrency market has recently witnessed significant movements on Shiba Inu (SHIB) and Cardano (ADA) as both tokens experience substantial increases in large-scale transactions. Santiment reports indicate that this surge is largely driven by increased interest from whale investors, characterized by transactions exceeding $100,000.

This week, the number of such large transactions for SHIB and ADA has more than doubled compared to the average for 2024.

On a chart attached to the post, one can see that the current figure for such massive transactions for ADA token remains at 875, and for SHIB token at 321. However, even the day before, the numbers were much lower - around 455 for Cardano and 81 for Shiba Inu.

excessive whale activity regarding SHIB, as whales, who bought the token super early in 2021, recently accumulated more than 1.3 trillion Shiba Inu, equivalent to $33.28 million.

It remains to be seen if this is real accumulation by large players in these digital assets. As of now, the prices of ADA and SHIB are experiencing a slight downfall, with both of them quoting in red today.

However, if we look at the bigger picture,
we may see that since the beginning of the
week, in the last three days, the price of
Shiba Inu and the price of Cardano added
3.8% and 2.5%, respectively, amid the lack of volatility and rapid fluctuations. This fact may signal that whales are indeed here, and they are on the buying side.

Bitcoin (BTC) Paints Critical Pattern: Is Rally Over?

Bitcoin broke through the $70,000 barrier, a massive milestone, but not everything is so great. That being said, traders should be aware of a potentially dangerous pattern that is developing on the chart: a double top pattern around the $71,900 mark.

What exactly is a double top pattern? Generally speaking, this pattern is interpreted as a bearish reversal signal, suggesting that the asset may find it difficult to continue rising. It develops when the price reaches a peak, falls, then rises to the peak once more before beginning to decline.

The bullish momentum appears to be waning, as indicated by this double peak and a downward trend may ensue. The price of Bitcoin tried to rise after reaching $70,000, but it encountered resistance close to $71,900, as can be seen in the current chart.

The completion of the double top formation by Bitcoin might indicate the end of the current rally if it is unable to overcome this resistance and retreats. This cautious outlook is supported by a number of indicators. According to the RSI, a price correction is typically preceded by overbought levels, which Bitcoin is approaching.

Furthermore, the volume did not increase all that much during the most recent upward move, which may indicate that the buying pressure is waning. However, do not forget the larger picture. Even in spite of these red flags, in the past, Bitcoin has consistently displayed bullish behavior and resilience, frequently challenging technical analysis patterns.

Institutional interest and widespread adoption are both growing and the market sentiment at the moment is still mainly positive, thanks to the ETF. Traders need to be on guard. The double top pattern may be confirmed and a possible decline in price could result if Bitcoin breaks below the $70,000 support level.

XRP Plots Bullish Rebound on 2.4 Billion Traded Tokens.

XRP, the payment token associated with Ripple Labs Inc., is currently exhibiting a bullish rebound, with approximately 2.4 billion tokens traded within the last 24 hours. XRP's recent movement is quite notable as it follows a decline since May 21.

Factors fueling XRP's surge.

According to data from CoinMarketCap, XRP increased by 0.18% to trade at $0.5265. The market cap also increased by 0.29% to $29 billion, making XRP the seventh largest cryptocurrency in the world.

The current surge in XRP's price can be attributed to the current rebound on the broader crypto market. Top cryptocurrencies like Bitcoin (BTC), Ethereum (ETH) and Binance Coin (BNB) saw the price increase substantially in the past few days.

Additionally, expectations for the launch of a spot XRP ETF may have also influenced positive sentiment on the market. The anticipation is based on the recent approval of spot Ethereum ETFs by the U.S. Securities and Exchange Commission (SEC). Accordingly, some analysts and crypto enthusiasts believe XRP could be the next crypto to get regulatory ETF approval.

If this eventually happens, they claim XRP could see a supply shock that could fuel further price increases. Aligning with this view is Ripple's CEO Brad Garlinghouse. Garlinghouse said the launch of an XRP ETF is inevitable.

XRP bridges crucial aupport level.

Historically, the $0.51 mark has been a critical support level for XRP. Based on observation, XRP maintaining this price has led to price increases for the cryptocurrency in the past. On the other hand, a breach below this level resulted in price declines.

Therefore, XRP's price at $0.5265 means the token could be pushing for more increases soon. Traders should, however, look out for other metrics that could influence XRP's price before investing their money in the digital asset.

Toncoin (TON) Price Prediction for June 5.

TON/USD.

The price of Toncoin (TON) has risen by 4.95% over the past 24 hours.

Despite today's rise, the rate of TON is trading near the local support of $7.22. If the bounce back does not happen by the end of the day, there is a chance to see a decline, followed by a move to $7.

On the bigger time frame, bears are also dominating over bulls. If the daily bar closes around current prices, the correction may continue to the $7 area until the end of the week.

From the midterm point of view, the rate is in the middle of a wide channel, which means none of the sides has seized the initiative yet.

Thus, the volume has dropped, confirming the lack of buyers' and sellers' energy. All in all, sideways trading around $7 is the more likely scenario.

TON is trading at $7.24 at press time.

Solana (SOL) Price Prediction for June 5.

SOL/USD.

The price of Solana (SOL) has risen by almost 4% over the last day.

On the hourly chart, the rate of SOL is testing the local support level of $172.31. If it breaks out, bears may return to the game, followed by a test of the $170 zone.

On the daily time frame, the price of SOL has made a false breakout of the interim level of $173.93. At the moment, one should pay attention to the bar's closure.

If it happens far from that mark, there is a chance to see a correction to $170.

From the midterm point of view, it is too early to make any distant predictions. However, If buyers can hold the gained initiative and the candle closes near $176, the upward move may continue to the next resistance at $184.68.

SOL is trading at $173.06 at press time.

Michael Saylor Reacts as Bitcoin (BTC) Breaks Above $71,000.

Michael Saylor, cofounder of MicroStrategy business intelligence giant and a prominent Bitcoin evangelist, continues a series of BTC-themed tweets that he has been publishing daily. His recent tweet coincided with the world's leading digital currency reclaiming the much-anticipated $71,000 price level.

In an earlier tweet, however, Saylor made a Bitcoin-related prediction about the future of money.

Michael Saylor's statement as Bitcoin price jumps.

In a recent tweet, Saylor published an Al- generated photo of a bee inside a beehive with a Bitcoin mascot inside it. "Join the Swarm," the tweet invites, meaning the rapidly growing global community of BTC believers and holders.

His earlier tweet, though, contains a prediction of the future form of money. Saylor tweeted that he expects the future of money to be digital, concluding the tweet with a Bitcoin hashtag.

Bitcoin surged above the $71,240 level yesterday and then again recovered it today after a small rebound, as market participants look forward to potential interestrate cuts by the U.S. Federal Reserve as early as November. The Bitcoin price increase from Tuesday to today constituted 3.71%. The decline since then has been almost 0.9%, with Bitcoin changing hands at $70,680.

Aside from that, on Tuesday, spot Bitcoin ETFs saw massive inflows as they absorbed a whopping $887 million in BTC. BlackRock's IBIT scooped up $274 million, while Ark Invest increased its BTC holdings by $139 million. This happened to be the second largest daily inflow since the Bitcoin ETF approval by the SEC in mid- January.

Shiba Inu on Verge of Epic Breakout as Price Jumps 10%.

Dog-themed cryptocurrency Shiba Inu (SHIB) has executed a surprising reversal, breaking past the Simple Moving Average (SMA) 50 at $0.0000245. This move was accompanied by a significant price jump of nearly 10%.

At the time of writing, SHIB was up 8% in the last 24 hours to $0.00002577 after reaching intraday highs of $0.0000263.

The daily SMA 50 at $0.0000245 has been a resistance level for Shiba Inu, capping its price since mid-April and preventing a breakout. However, SHIB surmounted this barrier temporarily in late May, reaching highs of $0.0000294 on May 29.

Shiba Inu's price met resistance at this
high and began declining as profit-taking ensued. This decline caused SHIB's price to plunge below the daily SMA 50 after
four days of losses, reaching a low of
$0.00002284 on June 4.

However, in a price reversal, Shiba Inu sharply rebounded from this low, recovering past the daily SMA 50 in today's trading session. The sudden surge past this critical point might suggest a change in the tide, with the potential for SHIB to establish new support levels above the daily SMA 50.

The crypto community is now closely watching Shiba Inu's price movements, to see if it can maintain its position above the daily SMA 50. A steady hold above this level could pave the way for further gains and possibly initiate a new bullish phase for the token.

A fresh uptrend for the Shiba Inu price might aim for the $0.00003 and $0.000032 levels. all eyes are watching if Shiba Inu could flip the daily SMA 50 into immediate support to trigger a major jump.

Shiba Inu's present comeback above the daily SMA 50 at $0.0000245 remains significant, perhaps this could be the beginning of an epic breakout; however, this potential remains yet to be seen.

6.52 Billion Dogecoin (DOGE) in 24 Hours Reaches Weekly High.

Dogecoin is rapidly gaining traction as whale-tier transactions are on the rise, with 6.52 billion DOGE transacted in the last 24 hours. From a price perspective, Dogecoin is slowly moving in an uptrend, but it does not yet have enough conviction to break the upcoming resistance level of $0.174.

Hovering around $0.163 the daily chart of Dogecoin compared to Tether (USDT) shows slow growth from older lows. Moving averages like 50 and 100 are currently moving closer to the price and may act as support levels at any given moment.

Data from IntoTheBlock shows significant activity on major transactions. Large transaction volume has varied over the past week, peaking at 1,046 transactions on May 29, 2024, a seven-day period.

Though there was a notable decline to a seven-day low of 718 transactions on June 2, 2024, it rebounded to 975 transactions on the final day. This increase in significant transactions indicates that major market participants are becoming more interested.

Similarly astounding is the volume of these major deals. The volume reached 6.52 billion DOGE in just the last day and, on May 29, 2024, it reached a seven-day high of 8.65 billion DOGE. June 2, 2024, marked the lowest point at 4.06 billion DOGE. This increase in transaction volume may be a sign of a large holder accumulation phase which frequently precedes notable price movements.

With a weekly peak of $1.44 billion on May 29, 2024, the largest transaction volume in terms of USD value over the last 24 hours was $1.04 billion. On June 2, 2024, it was a volume of $726. Twenty-four million was the lowest ever recorded.

When Dogecoin encounters resistance at $0.174, it will take some serious purchasing pressure and ongoing optimism to break this level. Higher price targets and further confirmation of Dogecoin's bullish trend may be possible if it can overcome this resistance.

Sharp Warning to SHIB Haters Issued by Shiba Inu Team.

The official marketing expert of the SHIB developer team, Lucie, has published two posts on her X account, both of which are notable and of major importance. One of them was Lucie's warning to those crypto community members who continue to show hatred and FUD ("fear, uncertainty, doubt") against SHIB and Shibarium.

She also published an important recap of the key achievements the project has made so far this year.

SHIB team's response to haters.

Lucie issued a tweet, addressing those who keep directing critiques and FUD at the SHIB team and its products. She assured followers that SHIB is "here for the long haul," and this is not its first encounter with haters. Also, it is likely not the last time either, Lucie expects.

In the meantime, the SHIB team member added: "We keep pushing forward, with amazing things happening behind closed doors." Here she cited Winston S. Churchill who warned once that it is impossible to reach a destination "if you stop and throw stones at every dog that barks."

2024 recap, with major Shibarium developments published.

In another recent tweet, Lucie shared a recap of key developments that have been made on or related to layer-2 blockchain solution Shibarium this year so far to send an update to the SHIB community.

This update included the progress that has been made on Shibarium as the developers managed to enhance scalability and efficiency within the ecosystem and integrate the Shibdentity initiative "to create a new era of digital identity."

Aside from this, earlier this year, the SHIB team managed to raise an impressive $12 million of funding to support the development of the layer-3 blockchain on top of Shibarium. This chain is designed to be focused on privacy, on improving the speed of transactions and the reduction gas fees. Prior to raising this signifiant sum, SHIB lead Shytoshi Kusama traveled to various locations around the globe to negotiate with potential investors.

Bonk (BONK) Skyrockets 60% in Volume - What's Happening?

In a remarkable turn of events, Bonk (BONK), a meme coin operating on the Solana blockchain, has captured the market's attention with a substantial surge in its trading volume. According to the latest data, Bonk's 24-hour trading volume has spiked by 64%, reaching a remarkable $701.83 million. This uptick indicates growing interest among traders in this volatile asset.

As of now, Bonk is trading at $0.00003435, reflecting a 5.86% increase over the past 24 hours. Over the last 30 days, the BONK price has appreciated by 28.34%, underscoring a sustained bullish momentum that has captured the enthusiasm of the crypto community.

Several factors could be contributing to this dramatic rise in Bonk's trading volume and price. The meme coin sector often experiences rapid shifts in sentiment, influenced by social media trends, endorsements and community activities. Positive sentiment around Bonk might be driving its current performance.

Active community engagement and ongoing developments within the Bonk ecosystem could also be contributing to the increased trading volume. Meme coins often thrive on strong community support and active developer engagement.

BONK gives bullish signals.

Bonk's technical indicators are reinforcing its bullish trend. The coin is trading above its 100-day Simple Moving Average (SMA) and 100-day Exponential Moving Average (EMA), suggesting prolonged market momentum. These averages provide insight into the coin's longer-term trends, suggesting that BONK has been experiencing consistent buying pressure.

Additionally, the Relative Strength Index (RSI) of Bonk stands at 56.97, which falls within the range typically considered to signal bullish conditions. RSI values between 30 and 70 are typically seen as neutral, with values above 70 indicating overbought conditions and values below 30 indicating oversold conditions.

Bonk's RSI indicates that it is neither overbought nor oversold, but rather in a healthy position to continue its upward trajectory.