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MYX Finance price surges again as funding rate points to a crash
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MYX Finance price surges again as funding rate points to a crash

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MYX Finance price went parabolic again as the recent short-squeeze resumed. However, the formation of a double-top pattern and the funding rate point to an eventual crash in the coming days.

Summary

  • MYX Finance price surged again on Wednesday.
  • The funding rate plummeted, pointing to more downside in the near term.
  • It has formed a double-top pattern on the daily chart.

MYX Finance (MYX) came in the spotlight earlier this month as it jumped from $1 to nearly $20 within a days. This surge pushed the token’s fully diluted valuation to over $20 billion.

Some cryptocurrency analysts noted that the surge was likely part of a market manipulation, potentially by insiders. In a post, Bubblemaps said that over 100 active addresses that received 1% of the supply during the airdrop were owned by the same entities, an allegation that its developers denied.

> be MYX Finance
> launch your token
> run an airdrop campaign
> 100 sybil addresses receive 1% of the supply
> go from 0 to $20B FDV overnight
> that 1% is now worth $200M
> people start asking questions
> drop a long, vague GPT-reply
> somehow make things even more suspicious
>… https://t.co/YHlo0Sl8xZ pic.twitter.com/5wujlNHXnm

— Bubblemaps (@bubblemaps) September 9, 2025

Another possible reason for the rally is that the MYX Finance platform is doing relatively well. Data compiled by DeFi Llama shows that the network has handled perpetual futures worth $5 billion this month so far. It handled volume worth $10.3 billion in July, making it one of the biggest players in the perpetual futures industry.

Still, whether the short squeeze is genuine or part of market manipulation, there are reasons why the token will crash soon.

One of them is that the funding rate in the futures market has plummeted to the lowest level since August. A falling funding rate is a sign that investors expect the future price to be lower than where it is today.

Also, the ongoing surge is happening in a low-volume environment, which is risky. CoinGlass data shows that the 24-hour volume was $626 million, much lower than $11 billion on Sep. 9. It was the lowest volume since the initial surge earlier this month.

The ongoing MYX surge also resembles that of OnyxCoin (XCN), which surged by over 2,300% within a few days in January. Since then, the token has plunged by over 76% to the current $0.011.

MYX Finance technical analysis 

MYX price chart | Source: crypto.news

The other reason why the MYX price may crash soon is that it has slowly formed the highly bearish double-top chart pattern at $19.13. Its neckline is at $9.92, its lowest level this week. This pattern often leads to more downside over time.

Additionally, the token has become highly overbought, with the Relative Strength Index soaring to 75. In most cases, a highly overbought asset tends to retreat as investors book profits.





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For Good' Wants to Crash That 'KPop Demon Hunters' Soundtrack Oscar Push
Product Reviews

For Good’ Wants to Crash That ‘KPop Demon Hunters’ Soundtrack Oscar Push

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KPop Demon Hunters is a huge hit—both the record-breaking movie itself and its record-breaking soundtrack album. No doubt Netflix has already started having Oscar dreams, with nominations all but guaranteed in the Best Animated Feature as well as Best Original Song categories. The biggest hit is even titled “Golden,” just like the statuette! But another musical on the horizon would like you to remember the votes aren’t tallied yet.

That would be Wicked: For Good, the follow-up to last year’s very successful Wicked—which notched 10 Oscar nominations and picked up a pair for its lavish costumes and production design. (It also answered fan demand by holding “singalong” screenings, as KPop Demon Hunters also did recently.)

But one category it didn’t enter into was Best Original Song, since Wicked‘s numbers all came from the long-running Broadway musical. That didn’t stop the Academy Awards from bringing stars Ariana Grande and Cynthia Erivo out to sing onstage, and now it seems Wicked: For Good is hoping for a return visit.

As Variety reports, confirming remarks Jon M. Chu made to Entertainment Weekly last week, Wicked: For Good‘s soundtrack will feature two new songs, one for each of its witchy leads. Stephen Schwartz, who wrote the original Wicked songs for the 2003 musical, penned both; today their titles were confirmed as “No Place Like Home,” for Erivo’s Elphaba, and “The Girl in the Bubble,” for Grande’s Glinda.

As Variety notes, both songs “are expected to be Oscar-eligible, unlike any of the songs from the first movie, which had added verses but did not feature any completely new songs.”

In a statement to the trade, Schwartz said, “In addition to two brand new songs, there is a lot that’s new in several other existing songs. So not only listeners coming to the score for the first time, but long-time fans of the original Broadway cast album, will have a great deal to discover.”

Don’t expect to get more than teases of the new material before the movie, though: Wicked: For Good and its soundtrack both release November 21. Do you predict either of the new songs will be a threat to KPop Demon Hunters when awards season rolls around?

Want more io9 news? Check out when to expect the latest Marvel, Star Wars, and Star Trek releases, what’s next for the DC Universe on film and TV, and everything you need to know about the future of Doctor Who.



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Crypto Market Prediction: Bitcoin Needs One Push for $150,000, XRP Lost $3 Again, Dogecoin (DOGE) Biggest $0.30 Crash From July
GameFi Guides

Crypto Market Prediction: Bitcoin Needs One Push for $150,000, XRP Lost $3 Again, Dogecoin (DOGE) Biggest $0.30 Crash From July

by admin


The market could be ready for solid growth if bulls provide just a little bit of help to Bitcoin, which is actually in a better position than may seem at first sight. Meanwhile, Dogecoin and XRP are struggling to keep their important psychological targets.

Bitcoin does not need much

The price structure of Bitcoin is preparing for what might be a significant surge toward all-time highs. After a significant decline in September, Bitcoin is currently trading just above $115,000 and is in a technically advantageous position. 

  • Moving averages, market structure and momentum indicators all point to the possibility that Bitcoin could spark a run toward the $150,000 mark with just steady inflows.

  • Following its breakout last week, the $114,000-$115,000 range has become near-term support, and Bitcoin is currently consolidating above it. With the 50-day EMA (~$113,400) and 100-day EMA (~$111,300) converging near the price, the daily chart displays Bitcoin trading above its major moving averages.

  • This support level clustering offers a solid technical foundation, lowering downside risks and promoting bullish sentiment. The 200-day EMA, which is much longer and sits at about $105,200, supports the current upward trend.

With the Relative Strength Index (RSI) at about 55, there is still opportunity for growth without running the risk of an overbought situation right now. Consistency in trading volume, as opposed to excess, points to controlled accumulation rather than speculative overheating. Crucially, there is not much of a barrier separating Bitcoin’s current levels from the $120,000-$125,000 range, and once that barrier is removed, the road to $150,000 will be comparatively clear. 

BTC/USDT Chart by TradingView

Bitcoin appears to be bullish on all fronts from a structural standpoint. It is devoid of consistent inflows, whether from retail buying pressure, institutional demand or ETF activity. Recent ETF flows have been encouraging but not particularly strong; a spike in these funds could give Bitcoin the boost it needs to start rising.

XRP loses it again

XRP has once again dropped below the crucial $3 threshold, disappointing bulls who thought the token’s recent breakout would signal the start of a more robust rally. This month, XRP briefly tested $3.20 before slipping back to trade around $2.99, casting doubt on whether its momentum can last.

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The breaking of a descending resistance line that has limited XRP’s movement since July’s highs was attempted on the daily chart. The breakout appeared promising at first, but sellers intervened near $3.20 as the move rapidly lost steam. The rejection has essentially turned XRP into resistance once more by forcing it back below the breakout line. Stronger support at the 100-day EMA (~$2.81) follows the short-term support at $2.96. XRP could decline toward $2.60, where the 200-day EMA offers longer-term structural support if these levels do not hold.

Along with declining trading volumes in comparison to the July surges, the chart also demonstrates waning bullish conviction. This lack of action highlights how flimsy XRP’s current upward trend is.

The cause was a weakness in the network. Fundamentals are exerting additional pressure beyond the technical picture. In recent weeks, network activity has been gradually decreasing, and daily payment counts have drastically decreased in comparison to August highs.

Dogecoin’s worst decline

After briefly reaching new multi-month highs, Dogecoin saw its steepest decline since July, plunging precipitously from the $0.30 level. It is unclear if this is merely a correction or the beginning of a more significant reversal, as the meme coin, which had been experiencing significant bullish momentum throughout early September, is currently finding it difficult to maintain above $0.27.

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This is the worst crash since July. DOGE has seen its largest single decline since mid-summer, when it last experienced comparable selling pressure following the steep rejection from the $0.30 resistance zone. During the pullback, trading volumes increased, suggesting that profit-taking was the main factor causing the movement. Although the setback has occurred, DOGE is still above critical moving averages, indicating that the overall upward trend is still in place.

DOGE may rebound toward $0.28 and retest $0.30 if it can hold above the $0.26-$0.27 support zone. At these prices, robust buyer interest would validate the pullback as a sound correction within a continuing upward trend. Another possible course is sideways consolidation, which would occur between $0.24 and $0.28. 

This would enable momentum indicators like the RSI, which had just entered overbought territory, to be reset and moving averages to catch up. Consolidation like this could strengthen the foundation for a future breakout above $0.30.

The token could drop toward the $0.22–$0.21 region, where the 100-day and 200-day EMAs align, if sellers push DOGE below the $0.24 support. A breakdown here might portend the end of the bullish trend that started in July and pave the way to a more significant correction.



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Cardano price set to crash as key DeFi metric plunges 45%
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Cardano price set to crash as key DeFi metric plunges 45%

by admin



Cardano price continued rising on Friday, Sept. 12, coinciding with the ongoing crypto market comeback.

Summary

  • Cardano price has formed a rising wedge pattern on the daily chart.
  • It has also formed a bearish divergence pattern.
  • The total value locked in the DeFi ecosystem has plunged by 45% since December.

Cardano (ADA) token rose to $0.90, its highest point in two weeks and about 80% above its lowest level in June. Still, technical analysis points to an upcoming crash as a key decentralized finance metric plunges.

Cardano price chart points to a plunge

The daily timeframe chart shows that the Cardano price is rising and slowly approaching the important resistance point at $1. However, there are signs that the ongoing rally will be short-lived.

ADA is slowly forming a highly bearish rising wedge pattern. The upper side of this pattern links the highest levels since March this year. On the other hand, the lower line connects the lowest swings since June.

The two lines are now nearing their confluence level, which may lead to a crash in the near term.

Technical indicators also point to a reversal. The Average Directional Index has dropped to 16, its lowest level since May 8 and much lower than the July high of 47.

Additionally, the Percentage Price Oscillator and the Relative Strength Index have continued moving downward. Therefore, the most likely outlook is a plunge to key support at $0.51, its lowest swing in June, about 45% below the current level.

This bearish outlook will become invalid if the coin rises above the important resistance level at $1.20.

ADA price chart | Source: crypto.news

Cardano DeFi TVL has plunged

There are three main reasons why the Cardano price may have a bearish breakout in the near term. First, the total value locked in its ecosystem has dropped sharply in the past few months. Its TVL has dropped by 45% from $720 million in December to $383 million today. 

Second, the upcoming Federal Reserve interest rate cuts may become a “sell-the-news” event. This is a situation where an asset rises ahead of a major event and then drops when it happens. 

Further, there are concerns about Cardano’s ecosystem as other chains have left it behind. For example, the amount of stablecoins in the network stands at $40 million, a tiny amount for an industry worth over $287 billion in assets.



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Why is the crypto market going up today? (Aug. 27)
GameFi Guides

Figure stock pops after IPO, but Klarna, Circle, Bullish crash call for caution

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Figure stock price surged by over 44% after its initial public offering, pushing its market capitalization to over $7.8 billion.

Summary

  • Figure Technology stock price jumped after its IPO.
  • The company’s market cap jumped to $7.8 billion. 
  • Recent IPOed companies like Klarna, Circle, and Bullish have erased initial gains.

Figure stock jumps after IPO

Figure Technologies shares were trading at $32 at press time, down from the intraday high of $36. This followed the company raising $787 million in the closely watched FIGR IPO.

Figure’s IPO is another major win for the cryptocurrency industry. It joins companies such as Circle and Bullish, which have raised millions of dollars this year by going public. Gemini, the crypto exchange owned by the Winklevoss twins, will go public on September 12.

Figure Technology’s core business is in the home equity lending industry, where it facilitated over $6 billion in loans in the first six months of the year. According to its S1 filing, the company’s revenue for the first six months of the year rose to $190 million from $156 million in 2024. Its revenue in 2024 was $340 million, up from $209 million the previous year. 

Most of its revenue came from the gains on the sale of loans followed by interest income and origination fees. Figure is profitable, generating a net income of $29 million in the first six months of the year. 

Klarna, Circle, and Bullish stock have crashed after the initial pop

The main risk that the Figure stock faces is that recently, public companies have not sustained their initial gains. Circle stock price has plunged by 56% from its highest point this year. 

Bullish, while the stock initially jumped to $117 after the IPO, has plunged by 56% to $53. Klarna’s stock price has crashed from $57 on Wednesday to $43 today. 

The same happened among other companies that went public this year, like CoreWeave, eToro, and WeBull. WeBull, a rival to Robinhood, was the most extreme as it jumped from $10 to $80 a few days after it IPO and then plunged to $13 today. 

Stocks plunge after IPO as their initial momentum and hype eases and as some of the early investors sell. For example, Cathie Wood was one of the top sellers of Circle stock after its stock surged.

Therefore, there is a likelihood that the Figure stock price will crash in the next few days. 



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XRP Volumes Crash 66%; Price Warning?
GameFi Guides

XRP Volumes Crash 66%; Price Warning?

by admin


XRP has seen its volume drop by 66% in the last 24 hours, sparking concerns in the market. According to CoinMarketCap data, XRP’s trading volume came to $2 billion, a 66% drop over the last 24 hours.

While this might be concerning, it may not be far from the norm, given often less trading volume during the weekends.

Despite the drop in volume, XRP saw significant whale activity in the week just ended. Given that whales are still participating in the market, the drop in volume may not be so much cause for concern.

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On Sept. 5, Whale Alert reported a move of 49,999,989 XRP worth $140,841,434 shifted between unknown wallets. A total of 250,000,000 XRP worth $703,901,147 was also transferred from Ripple to an unknown wallet. On Sept. 3, 50,000,010 XRP worth $140,699,855 was transferred from unknown wallet to an unknown new wallet.

Price warning?

The drop in volume might also be traders waiting on the sidelines to gain clarity in the new week before taking their positions, and might not necessarily be a price warning.

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XRP’s price is trading higher, up 3.03% in the last 24 hours to $2.89 despite the volume drop. XRP saw a significant surge to $2.92 in early Sunday session, extending its recovery from Sept. 1 low of $2.69.

A break and close above the daily SMA 50 at $3.04 might clear the path for a rise to $3.40 and then $3.66. On the other hand, a drop below $2.69 could cause XRP to drop toward $2.20.

In recent news, Bitwise has listed five new crypto ETPs on Six Swiss Exchange, including Bitwise Physical XRP ETP (GXRP) which allows investors to gain exposure to XRP in the same way that an ETF does.



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Marshallheadphone
Game Updates

Marshall Major V On-Ear Headphones Crash to Lowest Price Ever, Over 5x Cheaper Than AirPods Max

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Looking for the right pair of headphones? The three most important factors are do they look good do they sound good, and will they not empty my bank account? Well, you can go right ahead and check off all three boxes with the Marshall Major V on-ear wireless headphones. These Bluetooth headphones are stylish as heck, produce great sound, and pretty dang affordable. They’re normally listed at $160. However, Amazon has them as part of a limited time deal at the moment. They’re going now for as low as 38% off which drops the price by a solid $61. You’ll only be paying $99.

With the Marshall Major V headphones, you can expect to hear the signature sound Marshall is known for. You get a thunderous bass, smooth mids, and a crisp treble. Marshall is not like Samsung or Apple. They are exclusively in the audio business — a business they’ve been in for over 60 years, mind you. The brand has developed so many iconic product from huge amplifiers to headphones such as these. They’re priority is meeting the needs and expectations of musicians and anyone else who deeply cares about sound quality.

See at Amazon

Long Listening Time

A pair of Bluetooth headphones won’t really be worth that much to you if they can’t hold a charge, so how doe the Marshall Major V hold up? Well, these on-ear headphones are capable of lasting over 100 hours on one charge. You can listen to your music non-stop for over four days before you need to plug them in again. And when they do finally die on your, you can even choose to charge them wirelessly. You’ll get from zero percent back up to full is just about three hours.

The Marshall Major V are engineered knowing you’ll be schlepping them around with you wherever you go. That’s why they’re ruggedly durable. They can handle getting roughed up a tad. When they’re not in use, they fold up easily to nice, portable size so you can toss them in a bag without taking up much room.

These headphones even features a side button which you can customize to trigger a number of different actions. By default, this button will launch Spotify on the connected device.

Right now, Amazon has the Marshall Major V wireless Bluetooth headphones marked down by a solid $61. That 38% discount is bringing the price down from $160 to just $99 for a limited time. Pick between black, brown, cream, and midnight blue. Currently all are on sale, but the black and cream are sitting at the lowest price.

See at Amazon



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Bitcoin could crash to $50k in 2026 after October top, analyst warns
GameFi Guides

Bitcoin could crash to $50k in 2026 after October top, analyst warns

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Analyst Joao Wedson warns that an October “judgment day” could set Bitcoin up for a crash to $50,000 next year.

Summary

  • Bitcoin may be approaching a bear market that could send its price down to $50,000
  • A long-term chart suggests that Bitcoin is nearing its top, possibly at $140,000
  • Wall Street is likely to guide Bitcoin’s movements in the near future

Bitcoin (BTC) may be heading toward a “judgment day” in October 2025, according to a reading from a long-term pattern. On Wednesday, September 3, analyst Joao Wedson warned that the market is closing on its four-year cycle and approaching a bear market that could see it crash to $50,000.

Bitcoin fractal repetition cycle compared to its price | Source: X

While Wedson cautions against drawing a conclusion based on only that chart, which puts the market top one month ahead, he states that this may be possible. In this case, Bitcoin could dip to $100,000 before surging past $140,000 in weeks. After that, traders can expect a crash to $50,000 in the 2026 bear market.

Will Bitcoin crash to $50K in 2026?

Still, the real question is if the fractal remains reliable, Wedson asks, given the growing institutional demand and ETFs that are driving its price up. Still, there are potential headwinds that serve as a counter-narrative. Notably, macroeconomic pressures are still creating fears in the stock market.

Most of Wall Street is worried about the effects of tariffs on the stock market, while the Federal Reserve is concerned about their effects on inflation. Even Trump’s former ally, Elon Musk, as Wedson points out, warned that Trump’s tariffs would cause a recession in the second half of 2025, in a since-deleted post.

If stocks go into a bear market, Bitcoin will likely follow, especially due to the significant institutional exposure to the asset. If institutions start fleeing into safer investments, Bitcoin faces a significant liquidity crisis.



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Dogecoin crash
NFT Gaming

Dogecoin Price Crash Below $0.19 May Be Imminent If This Happens

by admin


Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Unlike larger-cap cryptocurrencies such as Bitcoin and Ethereum, the Dogecoin price remains low and is still a long way from its all-time high that was reached back in 2021. Now, especially with the crypto market seeing intense selling pressure all around, the Dogecoin price is still at risk of a massive decline, and this decline could trigger the next wave of losses. A 10% loss from here will already break the support at $0.2, and a crypto analyst has predicted more downside.

Why Dogecoin Price Is At Risk Of Decline

Crypto analyst MadWhale presented an analysis of the Dogecoin price chart that shows a possible price decline from here. This is attributed to both broader development on the Dogecoin network, as well as technical analysis that continues to point toward heightened weakness on the chart.

The first of these is that Dogecoin could be seeing a cut in its issuance. The DOGE supply is unlimited, meaning that the possibilities for inflation are endless. However, if there is a cut in issuance, i.e, how much miners are paid for confirming transactions on the blockchain, then the DOGE inflation rate could be greatly reduced. This would mean less supply to the demand.

But in this case, the crypto analyst does see it as a signal that would cause investors to exist. A reason for this could be that as miner rewards reduce, then exits from the miners to other, more profitable blockchains would mean that the network security of the Dogecoin network weakens. Thus, it could mount short-term pressure on price, leading to price declines, rather than gains.

On the technical side of things, the Dogecoin price has also continued to move inside a descending channel. This has cut across several sessions, and the decline has put it on a path to testing a key support level. If the support above $0.2 fails, then a quick 15% decline could follow.

As the crypto analyst explains, there is the possibility that the crash goes deeper than expected. In any case, a 15% crash would push the Dogecoin price back below $0.19, signaling a takeover by the bears, with the next major support level sitting at $0.1845.

Source: TradingView

Other Things To Know About DOGE

One bullish development that has emerged for the Dogecoin price is the proposed Dogecoin treasury. Alex Spiro, popularly known for being Elon Musk’s personal attorney, plans to raise $200 million to buy DOGE, suggesting that a lot of demand could be headed DOGE’s way, which could drive the price higher.

However, looking at the on-chain activity for Dogecoin, the prospects are not too good. Data from Santiment shows that development on the network has screeched to a halt. Trading volume has also remained muted for the meme coin, with Coinglass showing an average of less than $3 billion daily across all credits.

DOGE pushes against bearish pressure | Source: DOGEUSDT on TradingView.com

Featured image from Dall.E, chart from TradingView.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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Shiba Inu
GameFi Guides

Shiba Inu Exec Gives Reasons To Keep Going Despite SHIB Price Crash

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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Shiba Inu’s marketing lead, Lucie, has provided optimism for community members amid the SHIB price crash. She mainly alluded to the layer-2 network Shibarium, highlighting how it has maintained its strength over time. 

Shiba Inu Exec Breaks Silence Amid SHIB Price Crash

In an X post, the Shiba Inu marketing lead stated that Shibarium stands apart in the blockchain world as it has no VC funding, no massive exchange alliances, and no corporate safety net. Lucie further remarked that the layer-2 network is being built the hard way, by the community and for the community, which she claims makes the journey more “authentic” despite being demanding. 

Lucie also mentioned that the obstacles are real, as this is the longest bear market many have ever endured, with the SHIB price underperforming in this market cycle. She noted that as a result, some have lost patience and faith, and have even gone so far as to leave the Shiba Inu ecosystem in pursuit of other opportunities. 

However, the Shiba Inu marketing lead suggested that she is unfazed by everything that has happened so far, including the SHIB price’s underperformance. Lucie remarked that Shibarium was never meant to be a free buffet for takers and that the mission has always been about gathering those who build together. She explained that these should be builders who expand the table, attract newcomers, and create reasons for investors and partners to support the ecosystem long-term.

In line with this, Lucie stated that the solution is not complicated, as Shibarium’s future lies in welcoming new projects, supporting builders, and giving them space to grow. The Shiba Inu marketing lead also alluded to the meme coin’s decentralized nature, noting that there is no obligation and no single authority deciding what must be done. She added that it is a system where value flows naturally to what the community believes in most. 

The SHIB Price’s Underperformance and Decline In Notable Metrics

Lucie’s statement comes amid the massive decline in the SHIB price since the start of the year. Shiba Inu is down 44% year-to-date (YTD) despite the notable gains in the broader crypto market. As a result, the meme coin has continued to drop in the crypto rankings by market cap and is now the 23rd largest crypto by market cap, having climbed into the top 10 last year.

Meanwhile, Shibarium’s metrics, including daily transactions, paint a bearish picture for the Shiba Inu ecosystem at the moment. The daily transactions have dropped from an average of 4 million, recorded in early August, to just 8,750, recorded on August 31. These developments come at a time when the Shiba Inu ecosystem is seeking to transition to new leadership, with lead developer Shytoshi Kusama calling for elections. 

Lucie urged anyone interested in taking the lead to go ahead and bring new ideas, new liquidity, and new volume to the Shiba Inu ecosystem. She noted that the goal is to focus on finding solutions to the mistakes made and leading the ecosystem toward a stronger future for Shibarium. 

At the time of writing, the Shiba Inu price is trading at around $0.00001195, down over 3%, according to data from CoinMarketCap.

SHIB trading at $0.000012 on the 1D chart | Source: SHIBUSDT on Tradingview.com

Featured image from Getty Images, chart from Tradingview.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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