After a prominent rise last year, 2022 has not been too kind to the top meme coin asset dogecoin. Currently, the father of the meme coin economy, dogecoin, has lost 91% in value since the crypto asset’s all-time high. Despite the drop, dogecoin is still a top ten contender among the largest crypto market valuations today.
Those that have dabbled in the stock market during the pandemic, or followed the trending headlines, have probably ran into AMC and it’s massive jump during the 2020 pandemic. AMC now makes headlines once again in the crypto world, announcing it’s interest with hot crypto Shiba Inu. AMC Theatre CEO Adam Aron confirmed the company will begin accepting SHIB for online payment within the next two to four months.
Concerns over whale concentration heighten as data shows ETH whales hold a significantly high proportion of $SHIB.
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