On March 23rd in the cryptocurrency market, the top five gainers were Midnight (+11.84%), DeXe (+6.52%), Kite (+5.56%), Shiba Inu (+5.50%), and Pepe (+5.36%). The top five losers were River (-4.62%), Ethena (-3.41%), Decred (-3.15%), Kaspa (-3.04%), and TRON (-2.88%).

Gate News reports that on March 20, Shiba Inu's price has declined over 60% during 2025, despite the project launching Shibarium, a Layer 2 solution with DeFi capabilities. This case demonstrates that even when meme tokens are equipped with utility tools, it is difficult to sustain value support. Additionally, the co-founder of PEPE is building a new project based on exchange fee revenue, with relevant details not yet disclosed.

PEPE co-founder announced on March 20 the launch of a new project that will provide token holders with an income source based on exchange fee revenue model. Despite Shiba Inu's launch of Shibarium and integration of DeFi features, it has failed to stabilize token value, demonstrating that even with utility tools, Meme tokens' long-term value remains unstable. The specific name and mechanics of the new project have not yet been disclosed.

Elon Musk recently clarified that he does not hold Shiba Inu (SHIB) tokens, putting an end to market speculation about his potential SHIB accumulation. This statement has drawn investor attention to SHIB's price fluctuations. Although Musk has not invested in SHIB, his association with Dogecoin continues to influence market sentiment around SHIB. The SHIB price has declined approximately 93.55% from its historical high.

On March 10th, among the top 100 cryptocurrencies in the market, Shiba Inu rose by 9.10%, ranking first in gains. Among the top five declines, MemeCore and Humanity Protocol both dropped by 4.96%.

Gate News Bot Message, March 09 — According to CoinMarketCap data, BABY (Babylon) is currently trading at $0.01, up 29.28% in the past 24 hours. The price reached a high of $0.02 and a low of $0.01. The 24-hour trading volume is $74.2 million. The current market capitalization is approximately $40.3 million, an increase of $9.14 million from yesterday. Babylon is an infrastructure dedicated to building native application scenarios for Bitcoin. Babylon Genesis will be launched as the first Bitcoin Supercharged Network (BSN), providing cryptoeconomic security directly from Bitcoin through the Babylon Bitcoin Staking Protocol. Additionally, the Babylon Foundation is conducting an airdrop registration campaign, with registration open until February 25, Beijing time.

Although Bitcoin prices have fallen more than 50% from the 2025 peak, spot Bitcoin ETFs have attracted approximately $1.5 billion in net inflows over the past five trading days, mainly driven by continued buying from "Baby Boomer" investors and institutions. Currently, Bitcoin ETF holdings have exceeded $107 billion, with institutions holding about 12% of the Bitcoin supply, indicating that investor confidence remains strong.

A cryptocurrency investor from Dubai recently posted on X stating that she has sold all her XRP holdings and increased her Shiba Inu (SHIB) positions. This statement quickly sparked discussions within the community. She straightforwardly said, “I just sold all my XRP and bought more SHIB.” Since XRP has long been regarded as a utility token with cross-border payment and institutional application value, while SHIB originates from internet meme culture, this asset switch is seen as a radical risk reallocation. In fact, this is not the investor’s first expression of strong bullishness on SHIB. In January this year, she publicly predicted that SHIB could reach $1 by 2026. Although many consider this target highly challenging, it also highlights her high confidence in the high volatility potential of Meme coins. Her complete exit from XRP is interpreted as a typical case of shifting from “value logic” to “emotion and speculation-driven” strategies.

Bloomberg ETF analyst Eric Balchunas pointed out, "Baby Boomer" investors bought $500 million worth of Bitcoin ETFs yesterday, but the net inflow of Bitcoin ETFs this year remains negative. He believes the market is underestimating Bitcoin's future growth potential.

Gate News Bot news, on January 30, according to CoinMarketCap market, as of press time, DOGE (Dogecoin) is now trading at $0.12, down 6.58% in 24 hours, reaching a high of $0.13 and a low of $0.11, with a 24-hour trading volume of $1.873 billion. The current market capitalization is approximately $19.396 billion, down $1.367 billion from yesterday. DOGE is an open-source peer-to-peer digital currency backed by Shiba Inu enthusiasts worldwide. As an unexpected movement in cryptocurrency, Dogecoin is known for its unique community culture. It utilizes blockchain technology to achieve a highly secure decentralized information storage system through a public ledger maintained by a network of computer nodes. The DOGE community adheres to the principle of "Do Onl every day."