While it’s not actually big news, everyone is talking about it for one reason or another… so screw it.
From one meme trend to the next, Shiba Inu (SHIB) just surpassed Dogecoin (DOGE) in market capitalization after a gnarly ~993% run-up over the past month. Despite the overall market slumping today, SHIB is up a staggering ~63%! Go figure.
Simply put, another virtually useless meme coin has launched into the top 10 coins by market cap. That’s it. There’s really no news, no articles we want to point you to, no breakdown on why it’s pumping. Funny games aren’t our cup of tea.
What we can do, however, is still voice our opinion…
👌 If you were ballsy enough to ride this meme coin to new heights, congrats. Right about now, literally, right now… we’d be selling if we were in your shoes.
⚠️ If you are thinking about jumping on the hype train, or perhaps gaining some more exposure to SHIB, well… good luck. We’ve seen how this ultimately plays out before.
On the other hand, we just watched Hertz go bankrupt, raise $4 billion, announce the intent to buy $4 billion worth of Teslas with taxpayers funding 30% of the cost, causing Tesla’s (TSLA) market cap rise by $100 billion.
And people think crypto is a scam…