June 22 (Cointime) - The burn rate of Shiba Inu coins has increased by a staggering 6,936% within the last 24 hours, with 341 million SHIB coins being moved to dead wallets. The majority of the burned coins were transferred in a single transaction to an anonymous wallet.

June 22 (Cointime) - The cryptocurrency market has seen a resurgence, with a combined market capitalization of $1.18 trillion following a 3.85% surge in the past 24 hours. While Bitcoin and other altcoins have seen significant growth, meme coin PEPE has seen the most growth within its niche, with a 38.29% increase.

June 16 (Cointime) - Binance, the largest digital currency trading platform, has removed PEPE as a borrowable asset from its Flexible Loan program. The delisting will take effect on June 21, and all outstanding PEPE loan positions will be closed. Binance is urging users to pay off their outstanding PEPE loans to avoid direct liquidation, with a 2% liquidation fee for those who get liquidated. Despite the delisting,

June 16 (Cointime) - The popular meme coin Pepe (PEPE) has suffered a significant decline, losing almost 90% of its gains and facing bearish market sentiment. This drop was triggered by the sudden sale of one trillion PEPE tokens by a potential insider, causing a sharp contraction in its market value.

A trader of memecoins lost $453,000 worth of PEPE to a phishing scam after clicking on a link that approved a malicious transaction on their wallet. The scammer siphoned over 356 billion PEPE tokens from the victim's address. The phishing scammer is associated with Inferno Drainer, a scam-as-a-service provider that specializes in multichain scams and charges 20% of the stolen assets. The scammer has stolen assets worth over $7 million from more than 5000 victims and has created about 700 phishing sites since March 27. The emergence of scam-as-a-service providers highlights the sophistication of phishing scams in the crypto ecosystem.

PEPE's market remains stagnant as traders await a catalyst. The coin's volatility is currently low, with both buyers and sellers seemingly absent from the market. Support levels are at $0.0000013 and $0.0000011, while resistance is at $0.0000020.

Meme coins have gained popularity in the world of cryptocurrencies, with Shiba Inu Coin (SHIB) being a well-known example. However, a new contender called Hollywood X PEPE is emerging and gaining momentum. Hollywood X PEPE is unique in that it is the first meme coin backed by big names in the entertainment industry, and aims to create an ecosystem where Hollywood stars and fans can interact on a blockchain platform. The team behind Hollywood X PEPE is demonstrating a solid business model and transparency, and their YouTube channel offers valuable insights into the coin and its vision. As with any investment, it is important to do your due diligence before diving in, but Hollywood X PEPE is definitely worth watching as it vies for a place in the meme coin hall of fame.

Meme-inspired cryptocurrencies, such as PEPE, have gained significant attention in the market. However, their hype has been short-lived, and projects like Avorak AI, which offer real utility, are entering the market. PEPE Coin is a meme coin built on the Ethereum blockchain, but it has no intrinsic value or utility. In contrast, Avorak AI offers decentralized utility focused on DeFi, with innovative features such as staking and powerful AI tools. Avorak AI aims to revolutionize the digital world by combining the power of AI and crypto into one project.

Altcoin Sherpa, a popular cryptocurrency trader, is optimistic about the future of Pepe (PEPE), a memecoin that he believes is bottoming out and could see a double-digit percentage increase. Using Fibonacci retracement levels, Sherpa predicts that PEPE could rise from its current level of $0.00000150 to $0.00000235, an increase of 57%. Sherpa also suggests that many altcoins have bottomed out in the near term, including Ethereum scaling solution Arbitrum (ARB), smart contract blockchain Sui Network (SUI), and non-fungible token market Blur (BLUR), and could potentially rally 20-50% in the future. However, Sherpa cautions that any rally may be short-lived.

Can BIBI become the king of the sky in MemeCoin?