What you'll learn 👉
- Rebel Satoshi will soon begin its quest to rebelliously take on the financial system as it plans to go live.
- Bonk DAO will invest $500,000 in an early-stage startup fund backing Solana-based projects.
- Shiba Inu maintains its long-standing ‘burning spree,’ having removed almost $90,000 worth of tokens last month.
Rebel Satoshi ($RBLZ) is a trending meme coin predicted to eclipse prominent names like Bonk (BONK) and Shiba Inu (SHIB). The project’s rally in its fast-selling presale is the first sign.
Yet, Rebel Satoshi offers much more; it’s a much-needed decentralized finance movement. Gain a quick dose of the latest developments among the top crypto coins in the meme token industry here.
Let’s learn about Rebel Satoshi before studying the pertinent developments for Bonk and Shiba Inu.
Rebel Satoshi Aims to Conquer The Modern Financial System
Rebel Satoshi is a rebellious meme token on a seemingly impossible task of conquering the modern financial status quo, ensuring decentralized finance takes center stage. Through its defiant community, it plans to take down the many centralized authorities plaguing the system.
This collective is growing by the day, contributing over $1.5 million in Rebel Satoshi‘s early funding stages. The contributions will go a long way for massive potential returns since Rebel Satoshi aims to be worth $100 million in market cap.
Achieving this goal offers the project the financial resources for its revolutionary goals and rewards for fellow rebels. The $RBLZ token is the key enabler for the latter, with incentives inspired by the best DeFi projects. These include staking income and entry into trading 9,999 symbolic NFTs in the form of collectibles and digital art characters in the Rebel Artefacts Vault.
The supply of $RBLZ available in the Rebel Satoshi presale, in its ultimate round, continues to dwindle. $RBLZ is worth $0.022, a 120% increase compared to the first stage when it exchanged hands for $0.010.
It’s not only that the token will rise 13.6% to $0.025 after the presale (expected to end this month) that’s enticing. Rebel Satoshi will gear up to officially launch and list $RBLZ on multiple exchanges for potentially higher valuations!
Bonk DAO Plans to Allocate $500,000 in Solana-Based Startup Fund
Few could have imagined that the jokey Bonk would pivot toward being a venture fund investor. The Bonk DAO is a 12-person council that is BONK’s largest ‘whale’ (with about $124 million worth of tokens).
This Cayman-based entity is responsible for management and community project funding within Solana. They have allocated BONK in numerous initiatives like hackathons and liquidity pools on the blockchain.
The DAO is now investing $500,000 in an early-stage startup fund (organized by startup accelerator Colosseum) to back Solana-built projects. Prior to this announcement, the DAO held a governance vote for this proposal, with no one voting against it.
Sadly, this development has done little to improve BONK’s massive fall, down 72% from an all-time high of $0.0000349804. From its current price of $0.0000098233, some forecasts suggest BONK could reach at least $0.000100 by 2025.
Nearly 10 Billion SHIB Burned By Shiba Inu in January 2024
Despite Shiba Inu being the second-most popular meme crypto to buy, it faces a common problem with many meme tokens of inflation. This is due to its unlimited circulating supply, which sits at about 590 trillion SHIB at the time of writing.
‘Burning’ tokens are a tried-and-tested solution that Shiba Inu has religiously practiced. The blockchain removed 9.9 billion SHIB (equivalent to about $89,793) last month, according to the latest Shibburn data. However, this figure pales compared to the 36 billion SHIB (worth $326,520) burnt in December 2023.
Speaking of large transactions, data from Etherscan shows an inflow of 307 billion SHIB to a Coinbase wallet. This often signals substantial selling in the future. Regardless, while a small jump, SHIB is up 7% from its yearly low of $0.00000843 (now worth $0.00000908). Based on forecasts, it could be worth a minimum of $0.000025 by 2025.
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