SHIB, WIF Climb 60% as Shorts Lose $50M Betting Against Meme | Cryptoneur on Binance Square

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SHIB, WIF Climb 60% as Shorts Lose $50M Betting Against Meme Coins#Write2Earn‬Pepe (PEPE), the frog-themed meme token on Ethereum, was up as much as 100% to set record highs.#Write2Earnn

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PEPE

0.00001779

+2.24%

WIF

1.928

+2.33%

SHIB

0.00002153

-1.10%

1.2k

0

Replies 0

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Bitcoin, Bitcoin… Is there anything new to say about this cryptocurrency at this point? Even people who have zero interest in the industry have heard its name. As the number one cryptocurrency, it enjoys unimaginably high prices (up to $60K), a lot of attention, and, of course, much scrutiny. #HotTrends Bitcoin, alongside the rest of the cryptocurrency market, is known for its ability to overcome any challenges and have strong comebacks despite everyone writing it off. Various financial experts have been predicting that the Bitcoin bubble will pop “in the near future” every month without fail for the past eight or so years. And yet, the coin still remains on top, and BTC investors enjoy high profits, patiently waiting for yet another meteoric BTC price rise.#HotTrends #BTC🔥🔥🔥🔥 However, the crypto industry is rapidly changing, and some crypto enthusiasts are starting to doubt whether Bitcoin is still worth investing in. Please note that this is our long-term Bitcoin price prediction. This article does not constitute financial advice, and we are not investment advisors. #HotTrends #BTCPricePrediction Bitcoin Overview

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In the aftermath, ETH dropped to $3,200. Bitcoin (BTC), the largest cryptocurrency, dropped to around $62,000 after bouncing to near $64,000 earlier. The broad-market CoinDesk 20 Index (CD20) fell 3%.#HotTrends "I do think this relates to the ETF … The SEC has been in an untenable position for some time with its position on ETH,” said Scott Johnson, general partner at Van Buran Capital in a post on X. “This is in my opinion either an attempt to maintain its ambiguity for just a bit longer or the SEC is going nuclear option.” #ETFs✅ #Ethereum✅ #HotTrends Designating ETH as a security could complicate efforts to create ether ETFs in the U.S. The SEC has a May deadline to decide on approval. An analyst at Bloomberg Intelligence on Tuesday said he doesn't expect such a fund to get approved by May, given the regulator's lack of engagement with potential issuers – a contrast to the active conversations around spot bitcoin ETFs before they got the green light in January. #HotTrends

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IT'S OFFICIAL: FLOKI DAO PASSES VOTE TO BURN 190,918,585,431.84 FLOKI TOKENS The #FLOKİ #Write2Earn‬ DAO has voted in favor of burning 190,918,585,431.84 $FLOKI tokens.$ #Write2Earn‬ At the current market value, this is worth over $24 MILLION. In line with the decision of the Floki DAO, the tokens will be burnt within a week.

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