The Shiba Inu burn rate has experienced a dramatic surge, exploding by an astonishing 7,240% in just one day. This massive surge has led to the removal of over 1.1 billion tokens from circulation, effectively reducing the token's significant supply.
Cryptocurrency markets are under pressure on Friday after President Trump's tariff announcement. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $101,924.10 -3.6% Ethereum (CRYPTO: ETH) $3,310.99 +1.5% Solana (CRYPTO: SOL) $228.96 -4.7% XRP (CRYPTO: XRP) $3.01 -4.2% Dogecoin (CRYPTO: DOGE) $0.3245 -3.1% Shiba Inu (CRYPTO: SHIB) $0.0000187 -0.6% Notable Statistics: IntoTheBlock data shows large transaction volume decreasing by 3.6% and daily active addresses growing by 4.3%.
The memecoin fund adds to Grayscale's growing suite of single-asset crypto products.
Dogecoin price has remained in a sideways trend despite three consecutive days of gains this week. The broader crypto market showed stability as Grayscale launched its DOGE Trust on Friday.
Grayscale Investments introduces a Dogecoin Trust, offering institutional investors regulated exposure to DOGE. The move signals growing confidence in the meme coin's long-term viability as a financial tool.
Crypto asset management firm Grayscale is announcing the launch of a new trust that would give investors access to the popular meme asset Dogecoin (DOGE).
Grayscale Investments announced the launch of the Grayscale Dogecoin Trust on Jan. 30, marking a significant milestone in institutional access to Dogecoin, the crypto initially created as a joke but now valued at billions.
Shiba Inu (SHIB) has recorded a 7,240% surge in burn rate within 24 hours, marking a drastic reduction in the meme coin's total supply. Over one billion SHIB tokens were removed from the circulating supply.
TL;DR Grayscale launched the Dogecoin Trust to enable investment in DOGE without the need to directly own the cryptocurrency. Dogecoin has evolved from a memecoin into an asset with potential in financial inclusion and global payments. Bitwise is also seeking approval for a DOGE ETF, reflecting the growing institutional interest in the crypto market.
Dogecoin has broken out of a symmetrical triangle pattern, signaling potential growth and higher resistance levels.
Bitcoin bulls are chasing after new highs but investor actions in equities markets and sellers at the top of BTC's range are keeping a cap on price discovery.
Grayscale has launched a new investment product that provides exposure to Dogecoin (DOGE), signaling a shift in how the asset manager views the once-dismissed meme coin.
DOGE is the largest memecoin and the eighth largest cryptocurrency, with a market capitalization of over $50 billion.
Grayscale has launched a dogecoin trust, signaling DOGE's evolution beyond meme status. With institutional backing and growing financial relevance, could DOGE be the next big crypto investment? Grayscale Introduces Dogecoin Trust Amid Growing Institutional Interest Crypto asset manager Grayscale Investments announced on Jan.
Dogecoin's price rose for three consecutive days this week as the cryptocurrency market stabilized and following the launch of a new fund for accredited investors by Grayscale.
Pepe (CRYPTO: PEPE) has surged 10% on Friday, catching traders' attention, who believe the meme coin is gearing up for a major rebound. ‘Dogecoin millionaire‘ Glauber Contessoto shared that PEPE has been his easiest trade yet, turning $100,000 into $130,000 in just three days.
Grayscale has launched a new trust designed to offer institutional investors exposure to Dogecoin (CRYPTO: DOGE), marking a notable step in the evolution of meme coins as investable assets. What Happened: The company announced the product on Friday, emphasizing the increasing demand for structured financial products tied to cryptocurrencies.
Pepe coin price has risen by 30% for three consecutive days. This rebound coincided with more upside of Bitcoin, which rose above $105,000 after the Federal Reserve interest rate decision.
Grayscale, a U.S.-based asset management firm, has shared the details of its new cryptocurrency-based product. With Grayscale Dogecoin Trust kicking off, the segment comes one step closer to DOGE ETF approval.
Grayscale Investments has announced the launch of a Dogecoin Trust fund to offer investors exposure to Dogecoin (DOGE), a cryptocurrency that has transitioned from its meme coin roots to a symbol of broader financial inclusion. Dogecoin, which started as a joke on the internet with its Shiba Inu mascot, has seen a remarkable journey.
From meme to financial instrument: the new role of Dogecoin in economic inclusion
Dog-themed cryptocurrency Shiba Inu (SHIB) is approaching a crucial resistance level, with 162 trillion SHIB marking a significant barrier that could determine its next market move.
In a latest development, Grayscale Investments, a leading crypto asset management firm announced the creation and launch of Grayscale Dogecoin Trust. Notably, the Trust offers investors the opportunity to gain exposure to DOGE.
Grayscale's Dogecoin Trust aims to promote DOGE's role in financial inclusion.
The firm said Dogecoin has morphed into a “tool for global financial inclusion, grassroots activism, and a viable means of payment."
Grayscale Investments has launched the Grayscale Dogecoin Trust, offering institutional and accredited investors exposure to Dogecoin. The move follows a surge in institutional interest and increasing demand for Dogecoin (DOGE) investment products, according to a Grayscale press release.
Grayscale Investments launched its newest crypto product today: the Grayscale Dogecoin Trust. It's a major step for the token that started as a joke and ended up in Wall Street's crosshairs.
American crypto asset manager Grayscale Investments has introduced its first Dogecoin Trust in a bid to expand its digital asset offerings. According to its announcement, the new product will offer investors a direct way to gain exposure to DOGE, the native coin of the Dogecoin network.
With the future of its support in jeopardy, Shiba Inu is currently trading at a crucial price level. The profitability metrics indicate that a significant support range is linked to a staggering 429 trillion SHIB tokens.
Asset manager Grayscale has announced the launch of its Dogecoin Trust, a fund that will provide institutional investors with exposure to the foremost meme coin DOGE. This move has also raised the possibility of the asset manager filing for a DOGE ETF at some point.
Grayscale's Dogecoin Trust could enhance financial inclusion and accessibility, potentially transforming Dogecoin's role in global finance. The post Grayscale debuts Dogecoin trust product appeared first on Crypto Briefing.
Shiba Inu price continues to trade below $0.00002 as the broader crypto market trades sideways. Despite the slowdown, SHIB has gained over 100% in the past year.
The total amount of burned SHIB tokens (since adopting the program) stands at more than 410.7 trillion.
The asset manager said the token has transitioned from a memecoin to a tool for global financial inclusion.
As Shiba Inu (SHIB) and Dogecoin (DOGE) are experiencing slowed momentum, this promising AI-driven altcoin shows significant growth potential, rising 720%.
Billionaire Elon Musk, Tesla boss and owner of the X social media behemoth, has reacted to a comment to his post made by a @DogeDesigner user (a member of the Dogecoin team, according to his bio).
Elon Musk's D.O.G.E.-linked announcement has reignited curiosity among Dogecoin enthusiasts amid the token's stagnant price movement.
As Shiba Inu price gears up for a historic rally ahead, DTX Exchange (DTX) has already delivered massive returns in January. Let's find out more about SHIB and DTX.
Historical data shows Shiba Inu (SHIB) has never recorded losses in February. While past trends aren't an assurance due to the crypto market's wild fluctuations, SHIB's consistent patterns have grabbed the crypto community's attention. Shiba Inu's Feb performance Cryptorank's stats show the dog-themed token has gained 21.1% on average in February, with 20.3% median returns.
Shiba Inu (SHIB) ecosystem witnessed the burn of 1 billion tokens amid the celebration of the debut of ShibTorch V2.
Shiba Inu (SHIB) has seen an astronomical burn rate surge, resulting in the wiping out of over 1.1 billion SHIB tokens. Data from Shibburn reveals that the burn rate spiked by 7,240.75%, accounting for 1,104,706,719 SHIB incinerated within the last 24 hours.
PEPE bulls are setting their sights on a breakout, but the $0.00001313 resistance level stands as a major obstacle. After a promising recovery attempt and momentum building, buyers must prove their strength to push the price higher.
The cryptocurrency market continues to show volatility, with meme coins experiencing significant price fluctuations. Dogecoin (DOGE) has seen a minor recovery after reaching a 2025 low earlier in the week, while several Solana-based meme coins have experienced substantial gains. This contrast highlights the shifting dynamics within the meme coin sector.
In a freshly shared four-hour chart of the DOGE/USDT trading pair on Binance, crypto analyst Carlos Garcia Tapia warns of potential downside for Dogecoin as weekend trading approaches.
Dogecoin shows signs of market recovery with increasing trading volume, rising open interest, and bullish technical patterns as price holds above $0.31 support level.
Whale movements often signal the next big trend in crypto. Right now, they have halted selling activity for the Cardano (ADA) coin. Analysts believe a price surge could follow suit soon. Meanwhile, these whales have diversified their holdings into the hot new altcoin, IntelMarkets (INTL).
Dogecoin price has once again caught the investors' attention despite it hovering near the flatline today. Notably, market attention has also shifted as Elon Musk reveals the target of the Department of Government Efficiency (D.O.G.E.