According to U.Today, the enigmatic leader of the Shiba Inu team, known by the pseudonym Shytoshi Kusama, has made a public appearance at the annual Web3 start-up event in Japan, IVS 2024. However, his identity remains a mystery as he was seen wearing two masks, making it impossible to see his face. A video from the event was shared by a Japanese SHIB fan, showing a man in black clothes, two masks, and a hood, interacting with IVS 2024 participants at the SHIB booth. The man's attire resembled a Batman costume, with a mask similar to a Black Death plague doctor mask covering the upper part of his face, on top of another mask that concealed his entire face. Earlier in the week, Kusama had hinted at his first public appearance at IVS 2024. He invited the SHIB army to his 'first ever meet and greet' via a tweet. Despite his public appearance, Kusama continues to remain pseudonymous. He has been hiding his real name and appearance since he took over from the founder Ryoshi in 2021. He revealed that 'Shy' represented his natural desire to avoid the public, 'toshi' was in honor of Bitcoin creator Satoshi Nakamoto, and Kusama was in reference to Japanese artist Yayoi Kusama, whom he admired. In the past, Kusama had considered revealing his identity after his mentor suggested it. However, despite promising to give a speech at the ETH Toronto event while presenting Shibarium, he only presented a recording of his speech processed by AI software. Following Kusama's public appearance, the SHIB price has shown a slight recovery. After a significant 15% drop overnight, the meme coin has regained 5% of its losses.

According to U.Today, Shiba Inu (SHIB) is currently facing a challenging situation as large holders, also known as whales, are exiting the market. This has led to a significant drop in large transactions, indicating that these whales have capitulated. As a result, a large amount of SHIB is left on the market, waiting for buyers. The cryptocurrency's value has dropped to $0.00001329, reflecting the negative sentiment in the market. The withdrawal of these large holders suggests a lack of trust among them, leading to an overall negative market sentiment. This trend is also reflected in the trading volume of SHIB, which exceeded 1 trillion in the last 24 hours. It reached a seven-day high of two trillion on July 3 and a seven-day low of 947 billion on June 29. The bearish outlook is further reinforced by on-chain signals. The 'In the Money' metric, which indicates that the majority of SHIB holders are losing money, adds to the unfavorable sentiment in the market. The volume difference between bid and ask suggests that buyers and sellers are exerting equal pressure. However, the absence of bullish signals from exchange metrics indicates a lack of buying interest at the current prices. Furthermore, the absence of futures contracts for SHIB leaves investors without a way to protect themselves from additional drops, which could potentially intensify the selling pressure. The flight of whales and the subsequent 15% decline in SHIB's value are significant indicators of the eroding market faith in this cryptocurrency.

According to U.Today, Shiba Inu, the dog-themed cryptocurrency, has experienced a significant 466% increase in weekly burns, despite a 22% drop in its price over the same period. The Shibburn X account reported that 364,382,742 SHIB tokens were burned in the past week, marking a 466.83% increase in the weekly burn rate. This surge in burns suggests a collective effort within the community to increase the coin's scarcity, potentially leading to a price boost. However, the reality has been quite different. Despite the high burn rate, the price of SHIB has fallen, showing a 22% decrease over the past week. This price drop could be due to a range of factors, including overall market conditions, investor sentiment, and profit-taking activities by investors. The cryptocurrency market has seen increased volatility since the beginning of the week, with many coins experiencing downward pressure. Bitcoin has fallen for the fourth consecutive trading session, as part of a larger crypto sell-off that contrasts with recent record highs in global stock markets. Shiba Inu has suffered higher losses, reaching 10%. The price of SHIB has been steadily declining from its July 3 highs of $0.0000173 and will mark the third consecutive day of losses if it closes in the red today. At the time of writing, SHIB was down 9.39% in the last 24 hours to $0.00001384 after hitting lows of $0.00001266. The token is down 22% weekly. Investors are now awaiting U.S. jobs statistics due later today for the latest insights into the Federal Reserve's policy stance. Recent weak economic indicators have strengthened the argument for the U.S. central bank to relax monetary policy in the coming months.

According to Odaily, BorpaToken, a Meme project, has announced its migration to a new token contract. The migration process is set to begin at 22:00 today. Prior to this announcement, BorpaToken had declared the termination of its collaboration with EntangleFi and completed snapshots for Solana, Ethereum, Base, BNB Chain, and Arbitrum. The official statement from BorpaToken indicates that the migration to the new smart contract is aimed at completely severing ties with EntangleFi. Holders recorded in the snapshot will migrate over the next few days. It is important to note that the BORPA token is now deemed worthless.

According to Odaily, the cryptocurrency industry has become a hot topic in this year's US presidential election. A meme coin named 'Kamala Horris', themed around the current Vice President Kamala Harris, has seen a staggering 1300% increase in the past week. It's worth noting that Kamala Harris has never officially taken a stance on cryptocurrencies or commented on the industry. The White House has not yet responded to requests for comment on this matter. Financial disclosures reveal that both Kamala Horris and her husband Douglas Emhoff have not ventured into the cryptocurrency domain. Instead, they prefer to invest in government bonds and emerging markets. This surge in the 'Kamala Horris' coin's value, despite the Vice President's lack of involvement in the crypto industry, highlights the unpredictable and volatile nature of meme coins and the cryptocurrency market as a whole.

According to Odaily, despite the current market downturn, a significant portion of Memecoin holders are still making profits. Data disclosed on the X platform by IntoTheBlock reveals that MOG and PEPE have the highest percentage of profitable holders, at 85.5% and 78.53% respectively. They are followed by FLOKI. Traditional Memecoin projects such as DOGE and SHIB have also demonstrated resilience, with a considerable number of holders making profits. This information suggests that even in a bearish market, certain cryptocurrencies can still provide profitable opportunities for investors. The resilience of these Memecoins could be attributed to their strong community support and the speculative nature of these assets. However, it's important to note that investing in cryptocurrencies, especially Memecoins, involves a high level of risk due to their volatile nature. Investors should therefore exercise caution and conduct thorough research before making any investment decisions.

According to U.Today, the cryptocurrency market is experiencing significant pressure, leading to a widespread sell-off and notable losses across various digital assets. PEPE and Dogwifhat, two meme coins, have recorded losses exceeding 10%, reflecting the broader market's bearish sentiment. PEPE, a frog-themed meme coin, saw its price slump by 11% in the last 24 hours, falling to $0.0000102. Over the last seven days, PEPE is down 18%. Dogwifhat (WIF), another meme coin that operates within the Solana ecosystem, experienced a steep decline, tumbling 12.73% in the last 24 hours. At the time of writing, WIF was trading at $1.95 and remains down 3.61% over the past seven days. The cryptocurrency market's pressure is attributed to several factors, including macroeconomic conditions and waning investor sentiment, which are among the key contributors to the current bearish trend. Recent movements by whales, or large holders, might have exacerbated the sell-off for Dogwifhat and PEPE, contributing to the sharp declines. In a surprising turn of events amid the ongoing cryptocurrency market sell-off, a long-dormant PEPE whale has come back to life. According to SpotOnChain, a PEPE holder, dimethyltryptamine.eth, which had been inactive with its PEPE holdings for over 10 months, recently executed a significant sell-off. The whale sold 10 billion PEPE tokens, valued at $112,000, for 32.73 ETH a few hours ago. This address was an early adopter of PEPE, buying into the token long before it gained its current popularity. The initial investment of $45,000 transformed into a staggering $26.7 million, marking an impressive 58,600% return on investment. This large Pepe holder now holds 1.99 trillion PEPE worth $21.9 million.

According to U.Today, Shiba Inu (SHIB) is currently experiencing a bearish trend, a surprising development given the positive start to the month and analysts' projections of a rally surpassing that of June. At the time of writing, SHIB is trading at $0.00001659, marking a 2.9% decrease in the last 24 hours, according to data from CoinMarketCap. Over the past month, the token has seen a significant drop in its price. After reaching its highest price of $0.00004501 this year, the token experienced an unexpected decline, impacting its volatility in the broader crypto market. An earlier report from U.today revealed that SHIB is lagging behind its top competitors, with over 50% of its holders in losses. However, Shiba Inu has seen a significant increase in its burn rate, a metric that represents the tokens sent to inactive wallets. This metric has risen by 8,596.57% within the last 24 hours, resulting in approximately 17.7 million Shiba Inu tokens being removed from circulation overnight. Analysts are focusing on the fact that burn activity creates scarcity for the token, which could potentially lead to a price surge if demand remains the same or increases. This expectation of a price rebound is also fueled by a recent announcement from Shiba Inu’s executive Lucie, who revealed that initiatives are underway to enhance user experience, including the rebranding of SHEB. Despite the current price action, Shiba Inu is technically on a path of positive growth. Past declines have often been followed by substantial recoveries, driven by strategic partnerships, technological advancements, and increased adoption. Interestingly, SHIB’s 24-hour trading volume has increased by 37%, suggesting renewed confidence from investors.

According to U.Today, Dogecoin (DOGE) is experiencing significant liquidation amid the ongoing downturn in the cryptocurrency industry. CoinGlass data reveals that Dogecoin is leading the meme coin liquidation, with over $4 million liquidated in a 24-hour period. Although this figure is small compared to Bitcoin's $90.06 million, it is still substantial for DOGE. A total of 41,554,054 DOGE has been liquidated so far, with long traders accounting for $4.87 million of the total. The focus on Dogecoin comes as the price of the first meme coin fell by 7.89% to $0.1121 in 24 hours, marking its lowest price in the past month with a drop of over 29%. The meme coin ecosystem is currently at a tipping point, with no positive growth among the most capitalized coins. PEPE also recorded over $4 million in liquidations, and the anticipated surge in the Shiba Inu (SGHIB) burn rate, which was expected to trigger a recovery across the ecosystem, did not materialize. This has left the meme coin sector vulnerable to the broader market, which has seen Bitcoin's price fall to $58,000. Despite the current negative price performance, Dogecoin and other meme coins have a unique ecosystem fundamental. Apart from whale accumulation and growing volume, meme coins serve as a litmus test for broad market volatility. It is expected that as the market continues to decline, these altcoins could reach their bottom soon. If this happens, the rebound of meme coins might be more significant compared to other altcoins. With DOGE, PEPE, and SHIB in the spotlight, the harder they fall, the higher their potential resurgence might be.

According to U.Today, Shiba Inu's significant price dip may find a crucial support range, as identified by on-chain data. The range between $0.000008 and $0.000014, where 155.15 trillion SHIB were purchased, could serve as a substantial buffer against further price drops. IntoTheBlock data reveals that 155.15 trillion SHIB were bought by 358,200 addresses within this range at an average price of $0.00001. This range represents a price level where a large number of investors have entered the market. These investors are likely to defend this range, possibly buying more SHIB to prevent the price from falling below their average entry point. This action could establish a floor for the SHIB price. A significant amount of SHIB was bought within this range, indicating strong buying interest, which could help maintain the price and potentially drive a rebound if market conditions improve. In the event of a price recovery, bulls may need to immediately push the SHIB price over $0.000020. If successful, SHIB may start to recover toward $0.000025. However, if the Shiba Inu price continues to fall, SHIB might drop to $0.000014, then to $0.000010. The Shiba Inu price is dropping amid a larger sell-off in the cryptocurrency market, with $321 million liquidated in the last 24 hours, as per CoinGlass data. At the time of writing, SHIB had fallen 9.51% in the last 24 hours to $0.00001526, and 10.25% in the last seven days. Bitcoin's price also fell below $58,000 as the majority of cryptocurrencies sold off. The overall drop, particularly in the price of Bitcoin, has been largely attributed to the defunct Japanese crypto exchange Mt. Gox, which is set to begin repaying around $8.5 billion in BTC to its creditors in early July.

According to Odaily, Solana's meme coin Dogwifhat (WIF) has raised nearly $700,000 in a community crowdfunding campaign in March. The funds are intended to be used for placing the token's mascot as an advertisement on the Las Vegas Sphere, a giant globe structure. Despite the long waiting time, the organizers are confident that the advertising deal will proceed smoothly. One of the five organizers of the 'sphere wif hat' official website, Mihir, expressed that he has '90% confidence' that the activity of placing the token mascot on the Las Vegas Sphere for a week will continue. Mihir stated that the representatives of the Sphere formulated new crypto-specific terms after hearing about this activity. In response to this initiative, they held an internal meeting to formulate crypto-related policies. 'We are still working with them to meet their standards and requirements,' he added. Mihir declined to comment further on the specific details of the discussions with the Sphere, citing concerns that it could affect ongoing negotiations or trigger unnecessary speculation about the WIF price. He also stated that if negotiations fail for any reason, all funds will be returned to the donors.

According to CryptoPotato, the meme coin DADDY has seen a 35% surge in its price following an announcement by Andrew Tate, a former kickboxer and popular online influencer. The coin is currently trading at around $0.15, with its market capitalization just shy of the $100 million mark. Tate urged DADDY holders to accumulate as many assets as possible in the next 72 hours, hinting at a 'grand plan' after that period. He has previously expressed support for DADDY in its competition with another meme coin, MOTHER, and promised to burn his stash of DADDY coins. However, DADDY has been the subject of controversy, with crypto analytics firm Bubblemaps claiming that insiders purchased 30% of the supply at launch. The firm also stated that Tate received 40% of all DADDY tokens, currently worth over $35 million. Last month, Tate introduced his own meme coin, RNT, which has also seen an 8% increase in its value. On the other hand, MOTHER, DADDY's rival coin announced by Australian model and rapper Iggy Azalea, has been underperforming, with its price down 14% on a daily scale and almost 50% in the last week. Ethereum’s co-founder Vitalik Buterin has criticized the celebrity involvement in the meme coin trend, expressing dissatisfaction with the current cycle of celebrity experimentation. He suggested that the downfall of MOTHER should serve as a reminder of the potential financial risks associated with the meme coin niche.

According to BlockBeats, Meme token BORPA experienced a sharp decline of over 90% on July 4th, with its current price standing at $0.006356. This drastic drop is attributed to the termination of its partnership with cross-chain DeFi protocol, Entangle. Previously, BlockBeats reported that the Meme token project, BorpaToken, announced the end of its relationship with Entangle. In an effort to protect the interests of its community and achieve its goal of becoming a blue-chip meme coin, BorpaToken will take a snapshot and undergo migration. The termination of this partnership has had a significant impact on the value of BORPA, leading to its steep fall in price.

According to Foresight News, Jupiter, a trading aggregator in the Solana ecosystem, has announced the launch of a Meme coin trading platform named Ape. The platform offers a secure wallet vault where users can start trading by simply depositing SOL. Ape, currently in its Alpha stage, includes features such as token discovery and dynamic slippage setting. The platform charges a promotional fee of 0.069%.

According to U.Today, Shiba Inu (SHIB) has seen a significant surge in its token burn rate, which has risen by 8,596.57% in the last 24 hours. This increase comes at a time when the SHIB price has been struggling to gain momentum. During this period, over 17.7 million Shiba Inu tokens have been burned. Furthermore, nearly 410 trillion coins have been removed from the initial supply. The current circulating supply of SHIB stands at 583 million tokens. The Shiba Inu team is aiming to positively influence the price and market capitalization by sending these coins to dead wallets, thereby reducing the circulating supply. This strategy also contributes to making the SHIB ecosystem more efficient and sustainable. Additionally, burning more SHIB tokens increases the scarcity of the coin, creating an imbalance in supply and demand. This makes the token deflationary in nature, which could potentially increase the coin's price over the long term. However, this is not a guaranteed outcome, as other factors also influence the price. Despite the significant increase in the token burn rate, the price of SHIB has not yet been affected. Currently, the meme coin is trading at $0.00001685, down 1.76% in the last 24 hours. Over the past 30 days, the Shiba Inu price has dropped by 32.80%, causing concern among the community. This bearish trend for SHIB reflects the broader market sentiment, which has been low due to certain macroeconomic concerns. The SHIB price will require more than an increased token burn rate to recover from its current levels. Furthermore, the impacts of token burning events are typically seen in the long term, so any major price movement from the coin may not be witnessed in the short term.

According to Odaily, Solana ecosystem's Meme project, Pandiana, has successfully raised $500,000 in a pre-seed funding round. The round saw participation from YNK Capital, AlphaEquity Capital, and Gateron Ventures. Pandiana plans to integrate the concept of Meme with the 'play-to-earn' model. The newly acquired funds will be used to expand the influence of the Solana ecosystem. Additionally, the company plans to launch the PNDA token presale this week.

According to Odaily, Shiba Inu community member Kuro has recently announced three new updates to the project's documentation. These updates include 'Build on Shibarium', 'Become a Validator', and 'Bridge Assets'. The first update focuses on providing instructions for developers on how to build and launch DApps on Shiba Inu's second-layer blockchain, Shibarium. This update aims to facilitate the development of decentralized applications on the Shibarium platform, further expanding the utility and functionality of the Shiba Inu ecosystem. The second update outlines the process for users to become validators on Shibarium. Validators play a crucial role in maintaining the security and integrity of the blockchain network. By allowing users to become validators, the Shiba Inu project is promoting decentralization and community involvement in the network's operation. The third update provides a detailed description of how users can move digital assets between Ethereum and Shibarium. This update is particularly significant as it enables the seamless transfer of assets between the two platforms, enhancing the interoperability and flexibility of the Shiba Inu ecosystem. These updates reflect the ongoing efforts of the Shiba Inu community to improve and expand the project's capabilities, fostering a more robust and versatile blockchain ecosystem.

According to BlockBeats, Meme project BorpaToken announced on July 3rd that it has ended its partnership with EntangleFi. A few hours prior to the announcement, snapshots had been completed on Solana, Ethereum, Base, BNB Chain, and Arbitrum. BorpaToken stated that the BORPA tokens will be migrated to a new smart contract to completely separate from EntangleFi. The holders recorded in the snapshot will undergo migration in the coming days. It is important to note that BORPA tokens are now deemed worthless. The termination of the partnership and the planned migration of tokens represent a significant shift for BorpaToken. However, the details of the new smart contract and the implications for token holders are yet to be clarified. The announcement has left many in the crypto community speculating about the future of BorpaToken and its relationship with other blockchain platforms.

According to BlockBeats, Four.Meme, a new Meme token issuing platform, was launched on July 3. The platform is dedicated to providing equal participation opportunities for issuers and the community on the BNB Chain. Users can mint custom Meme coins at a low cost by simply connecting their wallets. The platform's features include a fair issuance mechanism, a community-driven philosophy, integrated trading tools, and it is entirely built on the BNB Chain. Co-founder Ed stated that the goal of Four.Meme is to address the lack of Meme token issuing platforms on the BNB Chain, providing opportunities for the issuance of Meme coins in the BNB Chain ecosystem. Currently, the team is in deep discussions with the BNB Chain core team, planning to provide more features and support for Meme coin issuers.