Don't Forget This Bot Telegram. PIXELVERSE Coming Soon Backed by Binance. Be the First to Earn in PIXELTAP.

Next Binance_launchpad upcoming.

Total Supply: 5B $PIXFI
✔️Network: ETH
✔️Backed by #binance #Ton
✔️Partner #trust_wallet #Param
✔️Miss #NOT- Grab #PixFi

📱 Earning From #TELEGRAM Bot (10%).

FOR Register : Put this link on google browser.

🔗 https://t.me/pixelversexyzbot?start=1304403528

💥Next Booming #Crypto_coin #PixFi_token

Coming Soon #PIXFI_TOKEN
🔥Backed by #Binance   
🔥Partner #Trust_wallet & #Param
🔥Support #Ton
✅Total Supply: 5B $PIXFI
🪩Network: ETH

📱 Earning From Mining TG Bot (10%).

FOR Register : Put this link on google browser.

🔗 https://t.me/pixelversexyzbot?start=1304403528

⌛Enter E-Mail
⌛Submit OTP ' That will send your E-Mail '
⌛Enter Ref code➕ 👉eriahnrplu
⌛Go Task and complete All task
⌛Add pet and feed pet
⌛Connect metamask
🛡Done.

🟢Check (#PIXFI) #Binance💯 in the last week of this month.
🟢Now is the competition time so work hard.
💥#PIXEL_VERSE on fire.

ArbitrumDAO Discusses Reputation NFTs, Here Are Criteria.

A new proposal has already raised much controversy in the cryptocurrency community. Crypto Twitter is discussing whether Arbitrum's (ARB) Reputation NFTs can be used for claiming retroactive airdrops in the future.

ArbitrumDAO introduces Reputation NFTs: Here's how they work.

The Reputation NFT system might go live on Arbitrum (ARB) soon, as TogetherCrew analysts received a corresponding grant from ArbitrumDAO. This statement was shared on Arbitrum's main community forum by Daniel Ospina of RnDAO.

Incubated by RnDAO, TogetherCrew is going to build a system that measures and verifies the real social media activity of this or that Arbitrum (ARB) enthusiast.

The Reputation NFTs will be created by contributors minting (for free) a nontransferable NFT via the TogetherCrew UI.

The algorithm will analyze conversations and map social graphs. They, in turn, will be used to calculate how much context someone has on the community. This is a Sybil-resistant approach that can be used for rewards, as a portable credential (proof of membership/participation), etc.

The grant request mentioned Discord, Discourse, Telegram and Github as potential platforms to be analyzed by the mechanism, while the exact list of social media platforms eligible is yet to be disclosed.

$210,000,000: Arbitrum (ARB) launches massive Gaming Catalyst Program.

While the project is fully funded through grants, the exact timeline of its activation has not been unveiled yet. The platform behind Arbitrum's Reputation NFTs already created those systems for Aave and other actors on the crypto market.

Yesterday, the Arbitrum (ARB) community greenlit the launch of a massive gaming- centric initiative. The project transferred 225 million ARB tokens to the newly launched Gaming Catalyst Program (GCP).

The program is focused on "immediate" adoption of Arbitrum (ARB), its L3 development framework Orbit and language-agnostic SDK Stylus in the segments of Play-to-Earn and GameFi.

#TopCoinsJune2024

Uniswap Acquires Major Crypto Gaming Title.

Crypto: The Game's recent season 2,
"Anon Island," was played by over 800
crypto enthusiasts across the globe, while
the net prize pool exceeded $281,000. The game was widely discussed on Crypto
Twitter and includes various engaging in-
app mechanics.

Crypto: The Game acquired by Uniswap Labs.

According to the official statement by Uniswap Labs, it has acquired Crypto: The Game, an interactive online survival game with integrated cryptocurrency mechanics. The exact sum of the deal has not yet been disclosed by the two parties as of June 11, 2024.

Within the framework of the acquisition process, all members of the CTG team will join Uniswap Labs to continue their work on the highly anticipated season 3.

Also, Uniswap and Crypto: The Game contributors will experiment with on-chain activations for the Uniswap community.

Uniswap founder Hayden Adams is excited by the opportunities unlocked by the acquisition and highlights that this step is a natural one for Uniswap's expansion strategy:

If we want to bring the world onchain, we need more engaging onchain experiences. I'm incredibly excited to welcome the CTG team to Uniswap. As part of the team, they'll continue their work on Season 3 and also cook up onchain experiments for Uniswap users.

Uniswap, the largest multi-chain decentralized crypto exchanges for EVM, accomplished the 3.2 million user milestone last April.

Season 3 to be released with novel on-chain features.

These users are employing Uniswap's interface for on-chain trading on Ethereum, Arbitrum, Celo, BNB Smart Chain, Base, Polygon and Avalanche.

Uniswap representatives stressed that operational workflow for Crypto: The Game wll remain untouched, while new themes, twists and on-chain features will be activated in the coming season 3.

In previous seasons, contestants bought in with 0.1 ETH, joined tribes, participated in daily challenges and voted each other out over 10-day seasons until one person won the entire prize pool.

#TopCoinsJune2024

Dogwifhat (WIF) Skyrockets 103% in Volume - What's Happening?

Dogwifhat (WIF), a meme coin based on the Solana blockchain, has captured the attention of traders with a remarkable surge in trading volume. According to the I atest data from CoinGlass, WIF's trading volume has skyrocketed by 103.44% in the last 24 hours, now standing at an impressive $1.05 billion. This surge is notable across multiple exchanges, with Binance contributing $565.85 million, Bybit $213.27 million and OKX $134.89 million.

Despite the surge in trading volume, the price of WIF has experienced a slight decline. As of the latest data, WIF is priced at $2.68, marking a 1.82% decrease over the past 24 hours. This price dip occurs against a backdrop of broader market bearishness, driven by anticipation of the Federal Reserve's policy decision and forthcoming consumer price inflation data.

The increased trading volume, however, indicates strong interest and bullish sentiment among traders toward WIF. This trend is particularly significant given the current bearish environment on the wider cryptocurrency market. The surge in volume suggests that traders are actively buying and selling WIF, possibly positioning themselves for potential future gains.

Neutral market sentiment.

On the technical front, WIF's Relative Strength Index (RSI) stands at 40.70. The RSI is a momentum oscillator that measures the speed and change of price movements. It is typically used to identify overbought or oversold conditions on a market. An RSI below 30 is generally considered oversold, while an RSI above 70 is considered overbought. With WIF's RSI at 40.70, it suggests that the token is neither overbought nor oversold, indicating a relatively balanced trading environment.

Meanwhile, several factors may be contributing to the significant increase in WIF's trading volume. As a Solana meme coin, WIF likely attracts speculative traders looking to capitalize on short-term price movements. The high volatility associated with meme coins can lead to substantial trading volumes as traders seek quick profits.

XRP Price Prediction for June 11.

XRP/USD.

The rate of XRP has declined by almost 2% since yesterday.

Even though the trend is bearish, the price of XRP has made a false brekaout of the local support level of $0.4793. If the daily bar closes far from it, there is a chance to see a test of the resistance by tomorrow.

On the bigger time frame, the rate of XRP keeps going down after yesterday's bearish closure. If the bar closes near $0.48 or below it, the decline is likely to continue to the $0.46 zone.

From the midterm point of view, the picture is quite similar. The price has once again failed to fix above the vital zone of $0.50. If buyers cannot seize the initiative by the end of the week, one can expect a test of the resistance of $0.4309 soon.

XRP is trading at $0.4831 at press time.

#TopCoinsJune2024

Is LTC Set for Epic Rally? Litecoin Network Activity Says Maybe.

Litecoin (LTC) has seen a major increase in network activity, which may indicate a potential price rally. Recent data from Santiment shows that Litecoin had an average of approximately 704,000 unique addresses interacting on the network over the past week.

This is a significant increase from the approximately 345,000 addresses observed over the entire month of May. The more than doubling of active addresses indicates growing interest and usage of the popular cryptocurrency.

Network growth on the crypto market often precedes price increases. When more unique addresses are active, it indicates a higher number of transactions and greater overall usage. This increased activity can drive demand and push the price higher.

Additionally, when a network has a high number of active addresses it often reflects positive investor sentiment and interest in the native asset.

Is Litecoin really undervalued?

Litecoin, often referred to as the silver to Bitcoin's gold, is a peer-to-peer cryptocurrency created by Charlie Lee in 2011. While both coins share the same basic principles, LTC offers faster transaction times and a different hashing algorithm. These differences make Litecoin more suitable for smaller transactions and a viable option for everyday use.

The Relative Strength Index (RSI) of Litecoin is currently in an optimal zone for potential gains. RSI is a momentum indicator that measures the speed and change of price movements. An RSI well into the opportunity zone indicates that Litecoin is currently undervalued and may be poised for a price increase.

Currently, Litecoin is trading at $79.03 per LTC. Since the beginning of the year, the cryptocurrency has risen 8.5%, although it still lags behind Bitcoin and Ethereum in terms of price performance.

#TopCoinsJune2024

Three Key Reasons Why Bitcoin (BTC) Is Below $70,000.

Bitcoin has failed to regain its footing above $70,000, but what are the key reasons behind it? The most recent liquidations cluster data, ETF inflows and market evidence might give us some answers.

First the liquidation heatmap data shows notable sell-offs that have aided in the decrease in the price of Bitcoin. The graph shows that the $72,000, $69,000 and $66,000 levels saw significant clusters of liquidations. These liquidations show strong selling pressure because the price was forced lower by the forced closure of leveraged positions. The recent price action of Bitcoin shows that this cascading effect from liquidations frequently results in a swift and steep decline.

Second, the departure from the U.S. ETFs that track Bitcoin have been very important. After 19 days of inflows, these ETFs saw a net outflow of $64.93 million on Monday. This is noteworthy because it shows that investors are moving away from accumulation and toward profit-taking or taking less risk.

Grayscale's GBTC had the highest outflow, totaling $40 million, followed by Invesco Galaxy Digital's BTCO, Valkyrie's Bitcoin ETF and Fidelity's FBTC. The money that has been taken out of Bitcoin ETFs indicates a decline in institutional interest, despite the relatively low volume of outflows.

Third, the dynamics of the market show a general decline in enthusiasm. Though recent outflows suggest a shift, there has been a 19-day streak of net inflows totaling over $4 billion, bringing the total net inflow for spot Bitcoin ETFs since January to $15 billion.

The overall trend has turned negative even though the only funds to record net inflows of $6 million and $8 million, respectively, were Bitwise's BITB and BlackRock's IBIT. This shift in sentiment is probably the result of profit-taking following an extended period of positive inflows, not only among institutional investors.

#TopCoinsJune2024

600 Billion SHIB Mysteriously Kicked off Robinhood - What's Happening?

Popular cryptocurrency tracker Whale Alert, which tracks down large crypto transfers, has spread the word about several hundred billion SHIB meme coins getting withdrawn from major trading platform Robinhood. The destination of this transfer is an anonymous wallet.

Aside from this massive SHIB transfer, Whale Alert also spotted two other large meme crypto transactions, as 326 million Dogecoin were moved from the same platform.

600 billion SHIB and 326 million DOGE on move.

The enormous transfer of more than half a trillion Shiba Inu meme coins was detected by the aforementioned data source approximately 13 hours ago. In fiat, this constitutes an equivalent of $13,713,299. The transaction was made to a blockchain
wallet tagged by Whale Alert as unknown.

This transaction was made between two large transfers of another popular meme cryptocurrency - Dogecoin: 200,000,000 and 126,705,738 DOGE (almost 327 million DOGE in total), valued at $28,790,166 and $18,431,371.

Overall, SHIB whales' activity has seen a drastic increase as of late; over the past week, a staggering 17 trillion SHIB have been transferred, according to data shared by Into TheBlock.

Still, a deeper look at all three of these transactions made from Robinhood show that the three meme coin lumps ended up nowhere but back on Robinhood, with the destination wallets belong to this trading venue, indicating that Robinhood has been reshuffling its SHIB and DOGE holdings.

Key SHIB metric soars 2,814%.

According to the Shibburn explorer, since yesterday morning, the SHIB community has made significant progress in reducing the SHIB circulating supply. Their joint efforts in burning SHIB have helped to raise the burn rate by 2,814%, sending a total of 7,912,388 Shiba Inu meme coins into unspendable blockchain addresses.

There have been seven burn transfers overall so far, with the three largest ones carrying 4,320,587; 1,538,128 and 1,031,814 SHIB. The small burn transfer here constituted 5,683 SHIB.

#TopCoinsJune2024

Ethereum (ETH) Faces Bearish Phase as Futures Traders Aggressively Sell.

Recent data from CryptoQuant indicates a bearish outlook for Ethereum (ETH), suggesting that the current downward trend might continue if prevailing conditions persist. Ethereum, struggling to maintain momentum above the $4,000 mark, is facing significant pressure from futures market participants.

The provided chart illustrates the seven- day moving average of the Taker Buy Sell Ratio, an indicator used to gauge the aggressiveness of buyers versus sellers on the futures market. This metric is crucial for understanding market sentiment and potential future price movements. A value above one indicates buyer dominance, suggesting more aggressive buying activity. Meanwhile, a value below one signals seller dominance, pointing to more aggressive selling activity.

In the context of Ethereum, the chart reveals a troubling trend. The ratio has consistently failed to climb above one and has been on a sharp decline recently. This decline indicates that the majority of futures traders are selling ETH aggressively. This selling could be driven by speculative strategies or the need to realize profits amid market volatility.

Implications of current trend.

The significant drop in the Taker Buy Sell Ratio is a bearish signal. It suggests that sellers are outweighing buyers, leading to increased downward pressure on Ethereum's price. If this trend continues, ETH might struggle to break through resistance levels, potentially leading to further price declines.

Several factors could be contributing to this aggressive selling behavior. For instance, the overall bearish sentiment on the crypto market could be influencing ETH traders to sell off their positions in anticipation of further declines. Moreover, traders might be realizing profits from previous gains, contributing to increased selling pressure.

Notably, futures traders often employ speculative strategies that can amplify market movements, both upwards and downwards.

#TopCoinsJune2024

SHIB Price Prediction for June 11.

SHIB/USD.

The price of SHIB has decline by 2.39% over the last 24 hours.

Despite today's fall, the rate of SHIB is looking bearish on the local chart. If the breakout of the support occurs, one can expect a test of the $0.000022 zone. Such a scenario is relevant until tomorrow.

On the bigger time frame, bears keep controlling the situation on the market. If the situation does not change, traders ay witness a test of the $0.000021-$0.00002150 range within the next few days.

From the midterm point of view, the rate of SHIB is on its way to testing the support of $0.00002078.

If the wekely candle closes near it, the accumulated energy might be enough for a breakout, followed by a move to $0.000018.

SHIB is trading at $0.00002216 at press time.

#TopCoinsJune2024

Shiba Inu (SHIB) Burns 7,912,388 Tokens as Burn Rate Shoots up 2,814%.

Shiba Inu (SHIB) is on a very tight leash as the price continues to nosedive in consonance with the broader digital currency ecosystem. At the time of writing, Shiba Inu is down by 2.37% in 23 hours to $0.00002234, but this slump is buoyed by the 2,814% surge in the token's burn rate.

Data from Shibburn pegs the actual Shiba Inu burnt at 7,912,388 SHIB, a figure that is a massive liftof from around 200,000 tokens incinerated earlier on Monday. At least three wallets featured prominently in the burn rate jump as they contributed more than 1 million SHIB each to the dead wallet.

The biggest of the three wallets '0×608...9fe80' helped incinerate a total of 4,320,587 SHIB. Also wallets 'Oxc66...650ae' and '0×608...9fe80' added 1,538,128 SHIB and 1,031,814 SHIB respectively. More smaller SHIB contributions were also made to the burn address bringing the total number of Shiba Inu tokens burnt from initial circulation to 410,726,546,023,229 SHIBВ.

Shiba Inu is currently at the mercy of the broader digital currency ecosystem. With the price of Bitcoin dropping below the $68,000 mark, both Shiba Inu and other tokens with a higher correlation to BTC have a relatively lower chance of printing a solo recovery.

Besides the burn rate metric, Shiba Inu is now gradually faring better in its other core performance markers. At this time, the daily trading volume underscores the ongoing mild revival in its community with a surge of 33.35% in 24 hours to $624,883,442.

Besides this the whale transaction has blown up, surging by 438% in what has seen a total of $172.5 million traded overnight. While Shiba Inu fundamentals remain bullish, the recovery in the short term might come down to its on-chain figures across the board.

#TopCoinsJune2024

Solana Meme Coin Creator Bought 95% of His Own Supply.

Solly meme coin is one of the latest additions to the Solana meme coin landscape. However, a look into the project's on-chain activity reveals a worrying fact. Its developer has made an enormous purchase, capturing 95% of the meme's supply in his own hands, as reported by LookOnChain, which opens up numerous ways to manipulate the market.

Based on recent data, four wallets connected to the Solly development team purchased 950 million SOLLY tokens for 152 SOL, or about $24,000. With this acquisition, which accounts for 95% of SOLLY's total supply, the developer gains almost total control over the token's market dynamics. For users it is risky that a single entity controls such a large portion of the token supply.

With such a high degree of control, the developer can create pump and dump schemes, artificially inflate prices or have undue influence over the distribution and liquidity of tokens. The 950 million SOLLY tokens that were purchased were then divided among several wallets.

This division into several wallets can
increase the opacity and possible risks for
investors by making it difficult to follow the
precise movements and intentions behind
these transfers. It keeps the actual control centralized while generating the
appearance of decentralization. The Solly developers are anonymous and can take any kind of action without facing any
consequences, so it is important to stay
cautious if you hold any tokens.

Projects where one company controls a disproportionate amount of the supply should raise red flags for investors because these situations frequently involve increased risks of unfair business practices and market manipulation. Despite the fact that even top-tier projects can have a distribution where one entity holds a respectable amount of the supply, none of their shares reach the extreme of 95%.

#TopCoinsJune2024

BTC, ETH and XRP Price Prediction for June 10.

BTC/USD.

The price of Bitcoin (BTC) has declined by 0.14% since yesterday.

Despite today's drop, the rate of BTC keeps trading sideways, gaining energy for a further move. However, if buyers lose the $69,000 zone, one can expect a dump to the $67,000-$68,000 range soon.

Bitcoin is trading at $69,951 at press time.

ETH/USD.

Ethereum (ETH) has followed the drop of BTC, going down by 0.67%.

On the daily chart, the price of ETH is rather more bearish than bullish as it is closer to the support than to the resistance. At the moment, one should pay attention to the $3,600 level.

If its breakout happens and the candle fixes below it, the correction may continue to the $3,500 mark.

Ethereum is trading at $3,697 at press time.

XRP/USD.

Meanwhile, XRP is the exception to the rule, rising by 0.52%.

Despite today's slight rise, the rate of XRP has not accumulated enough strength for a continued upward move. This statement is confirmed by falling volume. In this regard, ongoing sideways trading in the zone of $0.49-$0.51 is the more likely scenario for the current week.

XRP is trading at $0.5042 at press time.

#TopCoinsJune2024

PIXELVERSE Coming Soon Backed by Binance. Be the First to Earn in PIXELTAP.

Next Binance_launchpad upcoming.

PixFi #airdrop from #Trust_wallet #Bitget & #Bybit_exchange all ready done🛡.

✔️Total Supply: 5B $PIXFI
✔️Network: ETH📱
✔️Backed by #binance #Ton📱
✔️Partner #trust_wallet #Param
✔️Miss #NOT- Grab #PixFi

📱 Earning From #TELEGRAM Bot (10%).

FOR Register : Put this link on google browser.

🔗 https://t.me/pixelversexyzbot?start=1304403528

💥Next Booming #Crypto_coin #PixFi_token

Coming Soon #PIXFI_TOKEN
🔥Backed by #Binance   
🔥Partner #Trust_wallet & #Param
🔥Support #Ton
✅Total Supply: 5B $PIXFI
🪩Network: ETH

📱 Earning From Mining TG Bot (10%).

FOR Register : Put this link on google browser.

🔗 https://t.me/pixelversexyzbot?start=1304403528

⌛Enter E-Mail
⌛Submit OTP ' That will send your E-Mail '
⌛Enter Ref code➕ 👉eriahnrplu
⌛Go Task and complete All task
⌛Add pet and feed pet
⌛Connect metamask
🛡Done.

SHIB Rivals BRETT, FLOKI, BONK in Red as Meme Coin Segment Plunges.

As the cryptocurrency segment demonstrates pale performance, meme coins are underperforming. One of the largest meme cryptocurrencies, Floki Inu (FLOKI), is dangerously close to leaving the top 50 digital assets by market capitalization.

BRETT, FLOKI, BONK amid worst performing top 100 cryptos.

Today, June 10, 2024, all of the largest meme coins are in the red zone amid a stable cryptocurrency market. "Based Brett" (BRETT), a flagship meme coin on Coinbase's Base, marketed as "Pepe's friend on Base," is the only top 100 cryptocurrency that lost more than 10% overnight.

Based Brett (BRETT) lost 10.2% in the last 24 hours. Floki (FLOKI) is down by 5.2% and is extremely close to being replaced by The Graph (GRT) as the 50th largest crypto by market cap, CoinGecko data says.

Bonk (BONK), the most overhyped meme cryptocurrency on top of Solana (SOL), is down by 4.3%. Top-tier meme coins Dogecoin (DOGE) and Shiba Inu (SHIB) lost around 1% each, which is close to the market benchmark for today.

Meanwhile, amid the news about Base (BASE) surpassing OP Mainnet by total value locked (TVL), some of its meme coins expanded their rallies.

ChompCoin (CHOMP) added over 40% in one day, while Basenji (BENJI) is up by 14% and is targeting a $90 million valuation for the first time ever.

Al coins under pressure as well.

In total, the category of Base meme coins added 12.1% overnight, CoinGecko data shows.

The segment of Al cryptocurrencies is yet another underperforming segment today. As interest in Al crypto vanishes, they are mostly losing capitalization.

Flagship Al coin Fetch.AI (FET) is down by 2.6%, just like its rival Oraichain (ORAI), while Cardano-linked Al protocol Singularity.NET (AGIX) lost 4%.

Bitcoin (BTC) is changing hands at $69,510, up by 0.8% in 24 hours.

#TopCoinsJune2024

SHIB Skyrockets by Massive 15,654% in Crucial Metric as Price Surge Fails.

Shibburn shared recent data that shows astounding growth in one of the key SHIB metrics - the burn rate. Since last morning, it has suddenly skyrocketed.

Meanwhile, a SHIB team executive has shared her take on the potential launch of SHIB ETF in the future. In the meantime, SHIB has failed to recover after a recent price decline.

Shib burn rate explodes.

The aforementioned platform, Shibburn, tracks SHIB transactions made to dead- end wallets on Etherscan and then accumulates them on its own website for the Shiba Inu community.

After the latest update, the web page showed that over the last 24 hours, the SHIB army has succeeded in raising the SHIB burn rate by a whopping 15,654%. Still, there is a catch here, since the amount of meme coins that have been transferred to unspendable blockchain wallets totals merely 1,752,654 SHIB.

It has taken five transactions to remove this amount of meme coins from the circulating supply. The largest one carried 1,031,814 SHIB to an "inferno" wallet. The second biggest one moved 449,369 SHIB to the same destination to be locked there forever.

Is SHIB ETF from BlackRock likely?

The official social media marketing lead of the SHIB team, Lucie, has published a post on the popular X platform to share her take on the prospects of a SHIB-based exchange-traded fund (ETF) emerging in the near future.

In her tweet, Lucie suggested that in order for a SHIB-based futures or spot ETF to be launched, financial institutions need to understand "how important SHIB is to people and their future finances." In particular, the marketing lead mentioned BlackRock (tagging it in her tweet), sharing hope for this leading investment giant to gradually understand "the magic and power of SHIB" and suggested that the community watches them to "see how visionary they are."

However, Lucie underscored that for the SHIB team the most important thing so far is to "grow and stick to our initial vision.”

#TopCoinsJune2024

Shiba Inu Exec Gives Crucial Statement on SHIB Metaverse.

Shiba Inu (SHIB) ecosystem marketing lead Lucie recently made a significant announcement on X regarding the future of the SHIB Metaverse. She highlighted the potential adoption of fully homomorphic encryption (FHE) privacy layers, a technology that could revolutionize the way users interact in the virtual world.

Lucie suggested that the SHIB Army might
consider incorporating fully homomorphic
encryption (FHE) privacy layers into its
operating system. She mentioned that FHE
technology, specifically Zama in their case, allows data analysis to be performed
directly on encrypted data without
revealing the private data to the analyzing
party. Lucie added that this technology
could be applied in the SHIB Metaverse to
ensure that users' interactions remain both private and secure by embedding FHE technology within the virtual world.

While the option for public interaction will
remain, the addition of FHE technology will
allow users who prefer to build and engage
privately to do so without compromising
their data security. This dual approach is
expected to enhance the overall user
experience, catering to a broader range of
preferences within the community.

Excitement around Shiba Inu Metaverse.

Lucie's tweet also recalled her earlier excitement in March, when she hinted at significant plans for the Shiba Inu Metaverse, including the introduction of a new token, TREAT. Notably, TREAT is set to play a crucial role in the ecosystem, designed to serve multiple purposes, including providing rewards within the SHIB Metaverse.

The development and integration of TREAT
are anticipated to bring substantial
benefits to the Metaverse, fostering
engagement and incentivizing
participation. As the Shiba Inu Metaverse
continues to evolve, these technological
advancements and strategic developments
underscore Shiba Inu's commitment to
creating a secure, rewarding and inclusive virtual environment for its community.

#TopCoinsJune2024

Final Decision: Solana Removes Validators Accused of Sandwich Attacks.

While even the validators in question can still operate on the network, they will not be subsidized by Solana Foundation nonprofit any longer, as explained by Helius cofounder Mert Mumtaz.

Solana Foundation penalized validators involved in sandwich attacks.

Starting from today, June 10, 2024, an unknown number of validators was removed from the pool of Solana Foundation for being involved in sandwich attacks against other on-chain SOL accounts. Violators will not be supported by SOL injections from Solana Foundation, seasoned ecosystem dev and entrepreneur Mert Mumtaz (@0xMert_) says on X.

Mumtaz explained that the malicious validators were detected thanks to using specific modifications. MEV practices on Solana (SOL) are not allowed natively as its clients do not access mempools.

Removing bad validators from the pool supported by Solana Foundation does not mean their termination or further penalties. Instead, the foundation is just stopping backing them with money:

Since people are abusing the system to rob retail and then keep the profits all for themselves, Solana Foundation is not interested in retail users being robbed, especially with their own stake.

To provide context, Mumtaz stressed that Solana Foundation is only responsible for 16% of the validator pool in its consensus.

SOL, Solana's core native cryptocurrency, lost 0.8% in last 24 hours. The asset is changing hands at $158,65 on spot crypto exchanges.

Solana (SOL) still has "ton of other forms of MEV," dev says.

The effects of this step by the Solana Foundation are limited as, just as with other permissionless networks, all validators can still do what they want to.

As a result, there are still many possibilities for MEV attacks on Solana (SOL), Mumtaz admitted.

MEV (abbreviation for "maximum extracted value," or "miners extracted value") is a technique that takes advantage of on- chain traders by sniping mempools.

#TopCoinsJune2024

Is Shiba Inu (SHIB) About to Lose 15% of Its Value?

The main reason behind the thesis you see in the title is the fact that Shiba Inu is actually very close to dropping below the 100 EMA, which will likely lead to a move toward the 200 EMA, which is 15% down from the current price level.

The price is perilously close to the pivotal
100-day Exponential Moving Average
(EMA), a significant level of support that
has historically offered stability. SHIB could
be in trouble if it falls below this level and
moves closer to the 200 EMA, which is
about 15% below the current price.

Shiba Inu's price has been declining over the previous few weeks, pushing some investors into selling the asset. Since the 50-day EMA is already above the price, there has been a bearish crossover that has strengthened the downward momentum. For now, the price is just on the edge, moving below and above the level in a matter of hours.

A lack of significant buying interest is also indicated by volume trends. The volume has been declining recently during price reductions, which implies that fewer buyers are stepping in to support the price, leaving it more vulnerable to additional declines.

For those anticipating a swift recovery, this lack of demand is the worst thing imaginable. Another important metric to keep an eye on is the RSI. The RSI is currently close to the lower end of the range, suggesting that SHIB is getting close to the oversold area.

A surge of selling pressure may push the price of Shiba Inu down to the 200 EMA if it falls below the 100 EMA. This action would signify a substantial 15% drop from the current levels, which might frighten investors and result in more losses, especially considering that SHIB is coming closer to the edge of the $0.00002 threshold.

#TopCoinsJune2024

Solana About to Change: Here's Why.

In order to improve the fairness and integrity of its network, Solana is taking major action. Recent action by the Solana Foundation to unstake validators discovered to be sharing mempool transactions was somewhat unexpected.

This measure is a component of a larger initiative to lower Maximum Extractable Value (MEV) and preserve an ecosystem that can be trusted.

Due to sharing mempool transactions, a number of operators in the Solana Foundation Delegation Program were eliminated. Sharing these may result in MEV-related actions such as sandwich attacks, in which a malicious actor encircles a victim's transaction in order to take advantage of price fluctuations.

Enforcement actions are still pending in relation to the Solana Foundation's final decision to remove these validators.

What makes this significant?

On blockchain networks, MEV is a crucial problem. By rearranging, adding or removing transactions within a block, validators can maximize their profit from blockchain transactions. The Solana Foundation seeks to improve network security and guarantee fair transaction processing by opposing validators who engage in such actions.

As a result, Solana becomes a more appealing platform and helps investors and users gain trust. Regarding impact on the market, there is talk that some validators may carry on with MEV procedures in spite of these precautions if they do not have access to specialized tools like Jito.

The Solana Foundation and investors, however, provide a sizable portion of the funding for Solana validators. These parties have the power to affect validators' actions, possibly prohibiting them from executing MEV.

In the short term, the decision of the foundation may seem too erratic, but at the same time, it is clearly a commitment to making the network safer and more secure. Long-term benefits will make the whole ecosystem more transparent and trustworthy. Of course, some can easily argue that this decision goes against the ethos of decentralization.

#TopCoinsJune2024