When it comes to meme coins, I'm not a big fan, but one coin has proven itself in my opinion, and that is:
$SHIB
In 2020, an unknown person named Ryoshi launched Shiba with a supply of 1 quadrillion coins. Back then, there were no Pumpfuns or anything; you had complete control over the coin.
He didn't gather investments or get involved with investment firms; it was just him and the coin 👇
1/🧵
He decided to send 50% of the total supply, which is (500 trillion SHIB), to Vitalik Buterin, the founder of Ethereum, without any prior notice, making him the largest holder of the coin.
By May 2021, the market cap of these coins reached 1B$ billion dollars, and Vitalik donated 50 trillion SHIB, worth 100 million dollars, to the COVID relief fund in India.
This is considered the largest donation in cryptocurrency history.
2/🧵
After that, Vitalik burned 410 trillion SHIB (6.7 billion dollars), which increased the value of the coin.
Ryoshi vanished in 2022, leaving only the project behind, and the coin reached its highest market cap of 40 billion dollars 👌
As of now, its market cap is 3.7B$ billion, and I consider it one of the strongest meme coins, with its founder still unknown and no one knows anything about him.
🚨🚨 A coin that people were clamoring for and waiting to hit $1 is now worth less than that.
$ONDO
Currently, the project has become a leader in the Tokenization space, allowing folks to trade shares/commodities on the blockchain.
Today, the locked value of tokenized assets in the project exceeds $1B, making it the first project to reach this milestone in the Tokenization sector.
In case of a slight dip or something like that, keep your eyes on it; I see it as a good entry at around $0.30. And this isn't investment advice—do your own research! Just keep an eye on the Tokenization space.
🚨 The stablecoin market just hit an all-time high 🚨
Liquidity has reached 322B$ billion dollars
Just the $USDT alone commands 189B$ billion dollars in liquidity
Following up, $USDC holds its share of 78B$ billion dollars only
There's no comparison, even though USDT doesn't publish reserve reports and there’s plenty of chatter about it, trust remains high and whales are using it more than USDC
The short sellers just got slapped successfully, what's next?
In my humble opinion, I expect a solid stabilization above 80,000$ for a short while, followed by a continuation of the upward trend, supported by the well-known institutional buying... Blackrock / Fidelity.
Regarding the strategy, Michael Saylor says he might sell Bitcoin to pay dividends to shareholders.
I see this move as something that will significantly impact Bitcoin, which is why I say stabilization followed by a continued rise, God willing.
From around 60,000$ , it was clear there was a strong selling saturation and despair among investors—Max pain. Therefore, it's crucial we see this rise in Bitcoin.
A bottom of 40,000$ and 30,000$ seems impossible given the current institutional adoption.
If you're suffering from losses, don't forget our buddy who literally bought 150,000$ of a coin named SCAM.
He bought at the peak, then it tanked and he lost all his cash.
Here we apply the saying: don't hold a knife while it's dropping, but he literally bought a coin called SCAM. What does he expect from it, for example? 🤨
One of the biggest blunders that happened to some big traders
Among them, Murad, a very famous content creator, bought $387K$ worth of $SPX currency through 4 wallets and turned it into $24M$ million dollars by promoting the currency.
After that, investigator Zach XBT looked into his wallet and exposed them in a thread that garnered 3.2 million views 😂
Our brother Murad has become unable to sell even $1$ because the currency might collapse since everyone now knows his wallets.
And from 2024 until now, he hasn't moved a single dollar from his wallet.
🚨🚨 The $TAO currency is experiencing a sharp decline 🚨🚨
What happened and what are the details? 👇
After being one of the strongest currencies, and personally I was recommending it, today it falls due to some news and disputes.
The matter is that the Covenant AI team, one of the strongest teams on the Bittensor network, announced its exit from the network.
This team was a key element because it built a massive artificial intelligence model on the network.
They also stated that the network is not decentralized as promoted, and they believe that control is concentrated in the hands of a single entity capable of:
Due to this, they decided to withdraw and continue working independently, and they also sold 37,000 $TAO which is approximately 10M$ million dollars.
Of course, it is very normal to see selling pressure and fear from other investors, and this is what caused the currency to wipe 900M$ million dollars from its market value in less than 24 hours 💀