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Jed McCaleb’s Ripple (XRP) Wallet Hits Zero Finally

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Jed McCaleb, the former creator of Ripple Labs, has finally stopped selling off all of his Ripple (XRP) assets after eight years, and now only has 46.7 XRP in his infamous “tacostand” wallet.

The former creator of Ripple sent out his final payment of 1.1 million XRP, valued at $394,742.18, at 6:31 AM UTC on Sunday, as per blockchain explorer XRP Scan.

The account showed an “ACCOUNT DELETE” transaction a few hours later, indicating that it will be deleted from XRP’s ledger.

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Jed McCaleb’s Ripple (XRP) Wallet Hits Zero Finally 2

The final transaction puts an end to the Ripple sell-off spree

The transaction completes a 9 billion XRP sell-off McCaleb started in 2014 after leaving Ripple Labs to co-found the competing Stellar payment technology.

The crypto community has welcomed McCaleb’s releases throughout the past eight years, which make up about 18.6% of the total XRP quantity that is now in circulation.

On Twitter, XRP whale, an advocate for the cryptocurrency, said to their 57,500 followers that after the last sell-off, it is now possible to hold more XRP than McCaleb.

Some were led to assume on Friday by a parody piece from The Crypto Town Crier that McCaleb had chosen to save his final five million XRP “just in case it moons.”

McCaleb, who has sold several billions of XRP since leaving Ripple in 2014, claimed he suddenly realized he couldn’t let the remainder of his assets go on Thursday night after waking up in a cold sweat.

Where truth counts more than accuracy is the slogan of the parody news website The Crypto Town Crier. XRP is now trading at $0.3652, an increase of 4 percent over the previous day. Since reaching an all-time high of $3.84 in January 2018, the asset has decreased by over 90%.

Since late 2020, the United States Securities and Exchange Commission (SEC) has initiated a lawsuit against Ripple Labs, alleging that Ripple and its officials sold XRP as an unregistered security.

Shiba Inu Team Provides Crucial Update on Bone Farms

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The team behind Shiba Inu published key updates on the minting rate of BONE. According to the blog post, the new minting rate is set at 1 BPB [BONE per block] to prevent the over-minting of the crypto asset.

Instead of halting the minting process completely, slowing the BPB, ensures not only the integrity of the DAO vote but also the reward system, while safekeeping the agreed minting ratios voted in by the community at 230 million BONE, the team claims.

Earlier the community decided to place a limit on the maximum supply at the original cap of 250 million BONE by stopping its minting at 230 million.

In addition to that, this adjustment would also streamline ShibaSwap rewards of the upcoming reward token TREAT, which is slated to enter the ecosystem soon.

We understand reducing the BPB down may seem like a drastic approach to the rewards system right now, but beginning streamlining the future of ShibaSwap will allow the team to focus on the tasks that will bring these systems to life sooner rather than later.

“Tokenomics for TREAT have yet to be revealed”, the blog added. It then concluded the post by urging users to stay tuned to https://blog.shibaswap.com for upcoming releases.

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Shiba Inu Team Provides Crucial Update on Bone Farms 4

For those new, BONE is the governance token of the Shiba Inu ecosystem & is about to become the ‘gas’ of the Shibarium Protocol, which means that the token would be necessary to perform every function on Shibarium SHIB’s Layer 2 Solution.

As per recent updates shared by Unification last month, the Shibarium Public Beta TestNet is planned for deployment in Q3, 2022.

Shiba Inu ‘Whale’ Transactions Have Spiked By 85%

Per IntoTheBlock data, Shiba Inu whales, or large-scale investors, are on the go, as large transactions have swelled by 85% over the past day.

Typically transactions of over $100,000 come under the large transactions and are sometimes linked with increased activity from whales who are either buying or selling.

Data from WhaleStats also revealed that the top 100 Shiba Inu holders showed a 33% surge in active address counts further contributing to the volume of large transactions.


Shiba Inu Now On RadioShack’s Radar

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Shiba Inu [SHIB] might soon land itself in one of the US’s iconic online electronic retailers. RadioShack recently posted a query on its Twitter handle tagging Shiba Army asking if it should accept the meme coin.

Users were quick to respond with affirmatives.

“At this point, is that even a question? Hell yeah!!”, “Always a good idea to keep up with the trends, correct? Do it! List shib!”, “The SHIBARMY welcomes anyone that wants to join our ranks. That would be a huge YES!”, etc are some of the replies.

RadioShack, formerly RadioShack Corporation, is a retail firm founded in 1921 by two brothers named Theodore and Milton Deutschmann as a supplier of the then-emerging area of amateur radio.

Over time, it grew to become a giant electronics retailer in collaboration with Tandy Corporation and now operates stores in the United States, Mexico, United Kingdom, Australia, and Canada.

Besides those territories, the retailer licensed other firms to use the RadioShack brand name in parts of Asia, North Africa, Latin America, and the Caribbean.

After its bankruptcy and subsequent acquisition, RadioShack decided to jump on the crypto bandwagon launching its own crypto exchange Radio Shack Swap. It also rolled out its native token called RADIO.

That said, the latest development would undoubtedly act as a major booster in Shiba Inu’s adoption.

Recently the popular token was accepted by another homegrown cryptocurrency exchange Bittrex as reported by TronWeekly. Late in June, the Switchere Exchange also announced the listing of the SHIB, LEASH, and BONE trio.

Shiba Inu’s Price Has Retraced

The meme coin has been dominating the top position as the largest token position by dollar value among the largest ETH whales.

Even though the Ethereum whales are still holding on to their Shiba Inu reserves, it still could not impact the price of the cryptocurrency.

At the time of writing this post, SHIB’s value dropped by 2.2 percent to trade at $0.000010, giving the 14th-ranked asset a market valuation of $5.81 billion.

As a result, there have been massive losses among the holders of the token.

Data from IntoTheBlock showed that the vast majority of SHIB investors have been drowning in losses currently, with only 24% of these investors in the profit territory.

Shiba Inu Bags Another Boarding; Gets Listed on Bittrex

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As another significant exchange joins the list, Shiba Inu (SHIB) is now formally listed on Bittrex, the leading cryptocurrency exchange in the United States. In September 2018, competitor Dogecoin was published on Bittrex.

Shiba Inu is presently tradable on a number of renowned cryptocurrency exchanges, notably Binance, Coinbase, Gemini, and others, as a consequence of numerous listings since last year.

SHIB was finally listed on the well-known cryptocurrency exchange Bitstamp in June, while stock trading platform Robinhood did so in April.

Late this month, the Switchere Exchange also revealed the listing of the SHIB, LEASH, and BONE Shiba Inu trio. As was previously reported, the German-based financial services company Vivid Money also endorsed SHIB around that period.

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Shiba Inu Bags Another Boarding; Gets Listed on Bittrex 6

Shiba Inu keeps burning away

Over 43,143,474 SHIB tokens have been burnt in the last day, according to the Shib burn Twitter handle, which reports 14 transactions.

Shiba Inu whales, or huge holders, are on the move, according to IntoTheBlock statistics, as large transactions have increased by 30% over the past day.

The average transaction is frequently in excess of $100,000, and notable spikes in transaction volume are periodically associated with increased activity by whales that are transacting heavily on SHIB.

SHIB has achieved a brand-new milestone that breaks records. There are now 1,202,755 Shiba Inu holders registered, according to WhaleStats. Among the top 100 ETH whales, SHIB now holds the position with the most number of tokens held.

SHIB’s price once again achieved the support level of $0.000010 after it had been broken on July 13. SHIB was trading up 5.8 percent at $$0.00001087 at the time of publishing.

Shiba Inu, DOGE, and Other Memecoins Witness Over $600M Trading Volume in 24 Hours

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Shiba Inu and Dogecoin have seen increased activity since investors are turning to extremely high risks and concerns.

Shiba Inu worth $332 million and somewhat less DOGE worth about $273 million were traded on the cryptocurrency market, according to Coin98 data. Eight additional coins are designated as “meme coins,” although their combined volume is still just approximately $20 million.

Shiba Inu ranks the highest traded among the meme coins

Shiba Inu overthrows DOGE to rank the highest traded in the last 24 hours. It is followed by ELON, BABYDOGE, FLOKI, AKITA, YDOSHI, KISHU, VINU and GOM.

DOGE has performed admirably in the first month of the summer, increasing in value by around 50% as the cryptocurrency market briefly saw a return to purchasing power. DOGE is still one of the most lucrative assets in June.

Unfortunately, the comparatively robust rise of 50% is insufficient to reverse Dogecoin’s severe downturn, which has persisted since November 2021.

Yesterday, Shiba Inu holders surpassed a new milestone. Shiba Inu’s enthusiasm has recently increased, and the number of owners appears to have reached a new high.

According to data from WhaleStats, the number of SHIB holders has surpassed a significant milestone. They found that the number of SHIB holders had surpassed the 1,200,000 mark, standing at 1,200,006.

Shiba Inu has been thriving thanks to its notoriety as current whale interest appears to have increased. The meme coin has a lot of advancements planned for this year, which may be linked to the increase in interest and the new milestone. Leading SHIB developer Shytoshi Kusama has stated the list of developments. One of the reasons for the increase in interest may be due to the developments he provided a sneak peek of.

Dogecoin Is Now Available for Japanese Investors Through FTX Japan

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Dogecoin is now officially listed on FTX Japan, which makes it the first local exchange to offer perpetual DOGE trading.

The information was made available on both FTX Japan’s website and on the company’s official Twitter account. According to the release, the exchange intends to conduct DOGE transactions at its exchanges and sales offices.

Starting at 11:00 a.m. JST on July 5, DOGE will be available for perpetual trading. Furthermore, the exchange claims to be the only domestic exchange offering Dogecoin perpetual transactions.

Dogecoin is enjoying soaring adoption

The project Dogecoin (DOGE), which started as a joke, has gained pace because Elon Musk, the CEO of Tesla, decided to support it. He recently revealed how he began backing the biggest dog-themed token available and added that he will continue to support the initiative despite a class action complaint being brought against him.

Individual investors have expressed interest in cryptocurrency over time, and several organizations and businesses have started using it as a form of payment. The dog-themed token has maintained a strong trend thanks to these and other events, including the decision to list on FTX Japan.

Intriguingly, according to WhaleStats, Dogecoin is now one of the top 10 tokens bought in the last day by the 100 largest Binance Smart Chain (BSC) whales. Yesterday DOGE came on the list of the top 1,000 BSC whales.

Dogecoin is now down 1.7 percent over the past 24 hours, trading at $0.067706. In the previous seven days, the meme coin’s value has increased by 2.6%. In terms of the coin’s overall performance, DOGE has fallen 90% from its all-time high of $0.7376.

Shiba Inu’s 410 Trillion Burn Rate Surpasses MATIC’s Market Cap

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According to the Shibburn tracker, more than $4 billion worth of Shiba Inu has been destroyed since the mechanism was implemented, exceeding the whole market cap of MATIC in terms of burnt coins on the Shiba Inu network.

The burn tracker indicates that, with the assistance of numerous enterprises and organizations using the token, the network effectively burnt over 410 trillion tokens. The SHIB burning mechanism was created by the developers to provide ongoing support for the token price, which should increase in line with the shrinking supply.

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Shiba Inu’s 410 Trillion Burn Rate Surpasses MATIC’s Market Cap 8

Shiba Inu’s burnt supply is more than that of currencies MATIC as a result of the burning mechanism’s implementation some months ago, which caused the overall value of burned coins to skyrocket even further.

Shiba Inu’s price seems unaffected despite the burns

The fundamental cause of Shiba Inu’s burning mechanism’s inefficiency is related to the enormous amount of money held by smaller investors, which frequently exerts enough selling pressure to negate all gain SHIB receives from frequent burning occurrences.

Fortunately, the memetoken had a very successful movement in the last month, increasing in value by over 35% in just a few days. But SHIB lost all its gain in the last week as it plummeted by 8% in a week.

In other news, the number of holders appears to have climbed despite the current unfavorable market conditions for the coin. The Twitter account called MILKSHAKE reports that there are over 1,190,350 SHIB holders.

According to recent data from WhaleStats, SHIB enters the leaderboard in a comparison of the top 500 ETH whales. SHIB holds the second position with over $575,314,716 in holdings.

https://twitter.com/WhaleStats/status/1543883586214019078

Community Favorites Shiba Inu And Apecoin Are Now Accepted by Coinbase Commerce

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Community favorites Shiba Inu (SHIB) and APE are among the seven new coins that Coinbase Commerce added to its payment options. Coinbase Commerce is a platform that allows businesses to accept bitcoin and crypto payments for products and services.

In response to consumer complaints about hefty fees, the business explained that it was determined in the most recent update to make cryptocurrency payments rapid and free if the buyer buys products and services from those merchants that are affiliated with Coinbase-Managed.

According to the firm, tokens received as payment will automatically convert into fiat so that merchants receive the precise amount they specified owing to the extreme volatility of the cryptocurrency market.

Concretizing the statement at the same time, the platform noted that auto conversion of cryptocurrency to fiat is only accessible for Coinbase-Managed businesses and operates within predetermined limits.

  • $1M: BTC, ETH, USDC, DAI
  • $500K: LTC, SHIB, USDT
  • $250K: APE, BCH, DOGE

Shiba Inu is witnessing mass adoption

Retailers of high-end accessories as well as airlines and supermarket chains are among the businesses that are embracing SHIB as a form of payment. These kinds of announcements must be commonplace by now among the Shib army, as the coin’s supporters are proudly known.

Even in the midst of the current financial downturn, Shiba Inu has seen a lot of adoption instances this year. It has repeatedly demonstrated that it is one of the most well-liked crypto ventures.

Shiba Inu is also a preferred breed among Ethereum (ETH) whales. It is the coin that the top 100 ETH whales own the most of, according to Whalestats.

On the other hand, Crypto.com tweeted that their rewards program, Crypto Earn, will no longer support 15 coins. The 15 tokens include Dogecoin (DOGE) and Shiba Inu.

Shibarium, the layer-2 protocol developed by SHIB, is also virtually ready for public release. Shibarium will be prepared for the public testnet by Q3 of this year, according to a blog post by Unification, the development team driving the program.

Shiba Inu Burn Portal Reward Distribution Day Is Nearing

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The much anticipated Shiba Inu burn portal prizes, also known as Ryoshi Vision rewards, may be given out over the next 48 to 72 hours starting on June 26, according to a recent announcement made by the ShibaSwap DEX Twitter account.

After the release of the awards and subsequent completion, the ShibaSwap DEX team pledges to give further updates.

Shiba Inu burn page will incentivize the burners soon

Together with the developers of RYOSHIS VISION, an ERC20 token aiming to grow the Shiba Ecosystem, the Shiba Inu burn page was developed in late April.

The burn gateway was created to provide SHIB burners with a passive income acknowledgment in the form of RYOSHI Rewards, according to the Shiba Inu team. Additionally, 0.49 percent of all RYOSHI transactions will go to the owners of burntSHIB.

Additionally, it introduced the Shiba Burn Smart Contract, which projects may utilize to establish a “BURN Pool” and provide incentives for SHIB token burning.

Once the SHIB burn site appeared, SHIB owners went to burn their tokens in great numbers, resulting in an astounding eight billion tokens being destroyed in less than 24 hours. Since the original burn, which took place about two months ago, more SHIB tokens have been torched.

More than 56 billion SHIB tokens have reportedly been burnt according to the data from the burn portal. Users can permanently delete SHIB tokens from the available supply by sending them to a burn address. It is possible to somewhat raise the token’s scarcity by doing this, which might improve the token’s value.

Dogecoin Emerges As The Biggest Winner Among Top 10 Crypto Assets

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Popular meme coin Dogecoin or DOGE, has become the biggest gainer on the weekly index among the top 10 largest assets by market cap. Data from coinmarketcap shows the asset is currently exchanging hands at $0.078, up by 30% in the last 7 days.

The tenth-largest crypto with a market capitalization of $10.2 billion, has moved ahead of Polkadot [DOT].

The recent price rally comes after Musk reiterated several times expressing his support for the coin despite the prolonged downturn in the broader market.

In a meeting at the Qatar Economic Forum in Doha, Musk told Bloomberg, “many individuals who are not that well off have urged me to purchase and support Dogecoin. I’m answering those individuals”.

Elon Musk continues to be a staunch proponent of Dogecoin. Back in May 2021, the meme cryptocurrency ascended to all-time highs of $0.76 thanks to Musk’s appearance on “Saturday Night Live.”

Coming to its on-chain indicators, as per IntoTheBlock data, Doge whales, has been on a steady rise as large transactions increased by nearly 45% in the span of just 24 hours.

Dogecoin’s On-chain Performance Has Been Impressive

Typically a surge in the large transactions is attributed to increased activity from whales either buying or selling, and that transaction is usually more than $100,000.

The increased whale activity comes after a staggering 600 million of these coins were transferred to Robinhood in four separate transactions.

Additionally, per WhaleStats’ report, the meme coin was ranked among the top 10 most purchased assets in the top 100 BSC whales category.

With regards to its real-world utility, Dogecoin gained immense popularity during the Russia-Ukraine war, as the token was accepted by Ukraine for donations.

That said, investors must always exercise caution as rallies don’t signify that the worst is over for cryptos, market experts caution. It’s even harder to tell if the current rebound is a dead cat bounce or a bear rally.

In a recent interview, Ipek Ozkardeskaya, senior analyst at Swissquote Bank stated,

“What we are seeing right now could actually be another dead cat bounce or short-covering as investors are actually preparing for the earnings season.”