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Mandy Williams



Articles by Mandy Williams

Mercado Bitcoin’s Parent Company 2TM Secures $50 Million to Push Expansion

4 days ago

2TM Participacoes, the parent company of Brazil’s largest cryptocurrency exchange, Mercado Bitcoin, has recently raised $50 million from investors to further its expansion project.
Crypto Service Expansion in LatAm
According to a Tuesday report by Bloomberg, the company will use the funds to increase its product offering and expand its services to other Latin American markets, including Chile, Argentina, Mexico, and Colombia.
2TM’s funding round received support from several notable investors. These include the popular US private equity firm 10T Holdings, San Francisco-based venture capital fund Tribe Capital, Brazilian venture capital company PIPO Capital Gestao de Investimentos Ltda, Sao Paulo-based firm TC Traders Club SA, and Endeavor Brasil.
Speaking on the latest

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Korea’s Hashed Raises $200 Million for Web3 Investments

5 days ago

Leading South Korean blockchain company Hashed has announced that it has raised a $200 million investment fund.
Hashed Venture Fund II
Per a press release shared with CryptoPotato, the $200 million fund dubbed Hashed Venture Fund II will be geared toward the growth and development of Web3, the decentralized internet.
The new fund, according to the project, will be investing in companies that are dedicated to revolutionizing the internet.
“As we take our second step in solidifying our position in the global blockchain and technology sector, we are excited that our team’s vision is coming into reality,” Simon Kim, CEO & Managing Partner of Hashed.
Growing Institutional Interest in Web3
Hashed noted that there has been a growing interest in Web3 from institutional investors,

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Bancor Protocol Announces Features of Its Long-Awaited V3

7 days ago

Bancor Protocol, a decentralized staking platform that allows investors to earn with single-token exposure and full protection from impermanent loss, has released snippets of its highly-anticipated third version.
In an official press release shared with CryptoPotato, the project noted that the new version, dubbed “Bancor 3,” will introduce several new features geared toward increasing trading volumes and allowing users to earn their favorite tokens seamlessly.
Features of Bancor 3
Some of the new features that will be introduced in Bancor 3 include an Omnipool that will allow all trades on the network to be carried out in one transaction, reducing gas fees and increasing efficiency.
Additionally, the Infinity Pool will remove deposit limits on Bancor liquidity pools, along

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Workflow Automation Platform PARSIQ Integrates Polygon Network

7 days ago

Blockchain monitoring and workflow automation platform PARSIQ has recently completed the integration of the Polygon network into its ecosystem.
PARSIQ Integrates Polygon
According to a Monday press release shared with CryptoPotato, investors, traders, and development teams can now access several Polygon blockchain data in real-time via the PARSIQ platform, acquire immediate feedback, and explore various monitoring solutions concepts.
PARSIQ employs several cutting-edge technologies designed to help users create custom workflows from real-time data streams.
Leveraging PARSIQ’s Smart Triggers feature, a reverse oracle solution, project developers can easily gather on-chain data and allow blockchain activities to trigger predefined actions on real-life applications while

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Axie Infinity Plot of Land Sells for $2.3 Million Worth of ETH

9 days ago

The NFT market and metaverse have once again been thrown into a state of euphoria as a single plot of digital land on the most popular NFT game in the crypto space, Axie Infinity, sold for 550 ETH.
$2.3M for Axie Infinity Plot
The plot of land in question is one of the Genesis plots on Axie Infinity, which are considered to be extremely rare as there are just 220 of them in existence.
Going by today’s ETH prices, that single piece of land would be worth a whopping $2.3 million, considering that ETH is trading around $4,100 at the time of writing.
Launched in 2018, Axie Infinity has gained dominance over time and has become the most popular play-to-earn NFT game in the crypto industry.
The play-to-earn business model allows gamers to earn income while playing their favorite

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Privacy Startup Nym Raises $13 Million in Third Funding Round Led by a16z

18 days ago

European privacy-focused startup, Nym Technologies, has recently raised $13 million from industry investors in its third investment round.
a16z and Others Invest In Nym
According to an official press release shared with CryptoPotato, the just-concluded investment round was led by the leasing Silicon Valley firm – Andreessen Horowitz (a16z).
Nym noted that the fresh cash injection will be used to expand its community and add a dedicated project team just before the launch of its decentralized mixnet mainnet.
Speaking on the latest funding, Ali Yahy, General Partner at Andreessen Horowitz, said:
“Nym’s network-level technology is essential for any blockchain that strives to offer privacy for its users, and its clever incentive structures set it apart from other solutions.

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Gemini Eyes $400 Million Funding Round аt Potential $7 Billion Valuation

18 days ago

The popular New York-based cryptocurrency exchange, Gemini, has recently revealed that it is seeking to raise about $400 million in a new funding round. Thus, its total valuation could rise to $7 billion.
A Potential $7B Valuation
Citing unnamed sources on Thursday, Bloomberg reported that the fundraising will bring the exchange’s valuation to $7 billion.
Gemini, spearheaded by the Winklevoss twins, Cameron and Tyler, is set to join the growing list of top crypto-related companies, including Coinbase and ConsenSys, in taking advantage of favorable market conditions and increasing interest from mainstream investors to raise fresh capital.
As per the report, the plans have not been finalized, so the terms of the fundraising can still change.
Gemini IPO Endeavors
As the bull

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Binance CEO Changpeng Zhao Owns Only Bitcoin (BTC) and Binance Coin (BNB)

19 days ago

Changpeng Zhao (CZ), the CEO of the world’s biggest cryptocurrency exchange, Binance, has revealed that he has a personal stash of bitcoin in his investment portfolio.
CZ Bought Bitcoin in 2014
Speaking in a recent interview with the Associated Press, CZ noted that although a significant percentage of his net worth is made up of his Binance Coin (BNB) holdings, he still has some BTC that he purchased a few years after Bitcoin’s launch.
The Binance boss admitted that he had bought an undisclosed amount of the primary cryptocurrency back in 2014. Although he had spent a portion of them over the years, he noted that he still holds most down to this day.
“I bought some bitcoins in 2014. I spent a little bit of it over time, but I held onto most of it. I did not sell,” he

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Marathon Digital’s Shares Plunged 27% Amid SEC Crackdown

20 days ago

Shares of the U.S. leading crypto mining company Marathon Digital Holdings (MARA) went on a downward spiral, plunging by nearly 30% within 24 hours amid a recent crackdown by the country’s Securities and Exchange Commission (SEC).
MARA Down 27% in 24 Hours
Since Marathon is primarily a Bitcoin miner, the recent bull run in the crypto market had a positive effect on the company’s stock.
In the past month alone, the miner’s stock, MARA, went up by more than 40%. However, the past 24 hours have seen the shares plunge by a massive 27%.
In a recent filing, Marathon revealed that it had received a subpoena from the SEC, demanding that it and some of its executives present all relevant documents and communications related to its Hardin, Montana data center facility.
As per the

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Bitcoin’s Taproot Upgrade is Finally Here: Went Live Successfully

22 days ago

The Bitcoin network made history today as its most ambitious upgrade, Taproot, went live at block 709,632, 5:15 UTC on Sunday – November 14, 2021.
Taproot Upgrade is Live
The implementation is a milestone for Bitcoin, considering that Taproot is the first significant upgrade in the network since August 2017 after the Lightning Network and Segregated Witness (SegWit) upgrades.
While SegWit and the Lightning Network focus on making transactions faster and cheaper, Taproot brings a lot more than just improving scalability and reducing fees. As explained in a previous report, the latest upgrade aims to increase privacy and security for the protocol.
Taproot brings Schnorr Signatures to reduce some of the burdens on the network while enhancing simplicity, efficiency, and

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Circle Supports Government Plans to Regulate Stablecoin Issuers Like Banks

24 days ago

USDC issuer Circle has declared support for the Presidential Working Group on Financial Markets’ proposal to regulate fiat-backed cryptocurrency issuers like banks, stating that the move would foster ecosystem growth.
Jeremy Allaire, CEO of Circle, told Yahoo Finance that it is imperative to regulate stablecoin issuers because the growth of such tokens could see the asset class widely adopted by many.
“We’re supportive of that recommendation. We think [this] represents significant progress in the growth of this industry,” Allaire said.
Stablecoins Regulation Proposal
Circle’s CEO comment comes weeks after the United States president’s Working Group on Financial Markets proposed that Congress should regulate stablecoins like banks.
The major focus of the regulatory

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Report: Alameda and Cumberland Acquired Nearly 55% of USDT’s Total Supply

24 days ago

According to recent research published by the independent cryptocurrency outlet Protos, two companies have been responsible for buying two-thirds of Tether’s USDT total supply since its inception.
The organizations, Alameda Research and Cumberland Global, had so far been the recipients of at least $60.3 billion USDT out of the $108.5 billion of Tether’s outbound transfers between 2014 and October 31, 2021, the report said.
A majority of the volume, representing $49.2 billion worth of USDT (60% of Tether’s total supply), was acquired in 2020 alone, indicating the period when interests in cryptocurrencies surged tremendously.
However, the companies’ closest competitors in terms of receiving USDT from Tether’s treasuries, such as Binance, Bitfinex, Nexo Finance, among others,

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Tether’s Blockchain Expansion Continues as USDT Goes Live on Avalanche

25 days ago

Months after indicating plans to expand the USDT stablecoin support to Avalanche blockchain, popular stablecoin issuer Tether has finally launched its dollar-pegged cryptocurrency on the eco-friendly network.
USDT Now Available on Avalanche
With USDT launching on Avalanche, users can now transfer the largest stablecoin by market capitalization at a relatively lower cost, and the transactions will be settled instantly, as Tether’s CTO, Paolo Ardoino, explained:
“We’re excited to launch USDT on Avalanche, offering its growing and vibrant community access to the most liquid, stable, and trusted stablecoin in the digital token space.”
Notably, Tether’s USDT integration on Avalanche would contribute to the growth and sustainability of the network, as well as foster the usage of

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Ripple to Assist Financial Firms Seeking to Offer Crypto Trading Services

26 days ago

San Francisco-based blockchain company Ripple recently announced that it will launch a product that will allow financial services companies to offer their clients access to crypto trading.
Ripple Liquidity Hub
In an official blog post, the company noted that the new product, dubbed the “Ripple Liquidity Hub,” will grant enterprise clients access to digital assets from a wide range of providers, including market makers, exchanges, and over-the-counter (OTC) trading desks.
The service will leverage smart order routing to provide enterprise clients with digital assets at the best possible rates in the market.
The announcement also revealed that the Liquidity Hub will initially provide support for six of the most prominent cryptocurrencies in the industry, with more digital

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Robinhood Hacked with Over Seven Million Users Affected

27 days ago

The popular investment app Robinhood announced recently that it experienced a data security breach on November 3, 2021. The incident gave the attackers access to personal information belonging to millions of users on the platform.
The “unauthorized party” gained access to the customer support system via a social engineering technique, Robinhood stated in a blog post.
Although the security threat has been contained according to the investment platform, the attackers had already gained access to a limited amount of customers’ information.
Caleb Sima, Robinhood Chief Security Officer, said:
“As a Safety First company, we owe it to our customers to be transparent and act with integrity. Following a diligent review, putting the entire Robinhood community on notice of this

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Man Behind Twitter’s Infamous 2020 Hack Charged With Crypto Theft Worth $784,000

November 4, 2021

Joseph James O’Connor, one of the perpetrators of the massive Twitter hack last year, has been charged with yet another crime that involves the theft of $784,000 worth of cryptocurrencies via a SIM swapping scam.
Charged With Crypto Theft
Reuters reported that U.S. prosecutors in Manhattan said the fraudulent scheme, which ran from March to May 2019, saw the 22-year-old alongside his accomplices targeting three cryptocurrency company executives.
The prosecutors noted that after the accused had successfully conducted the SIM swap, they stole bitcoin, ether, and litecoin from two clients and laundered the loot.
Notably, the charges leveled against O’Connor and his gang include identity theft, conspiracies to commit money laundering, wire fraud, and computer hacking. If

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Australian Senator Says Clear Crypto Regulations Will be Introduced Within a Year

November 4, 2021

Andrew James Bragg, Australia’s senator for New South Wales, recently acknowledged that cryptocurrency enthusiasts in the country are very eager to receive regulations on their activities in the country.
Demand for Regulation Continues to Increase
In an official statement on Tuesday, Bragg noted that a clear and comprehensive regulatory framework for digital assets will increase market stability, among other things.
Bragg, who is currently serving as the chairman of the Senate Select Committee on Australia as a Technology and Financial Center, said the country’s crypto sector has grown even more eager for robust regulation as the industry progresses to the mainstream adoption stage.
“To my surprise, I’ve never seen an industry so keen for regulation. Almost everyone I’ve

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Morgan Stanley Publishes Comprehensive Cryptocurrency Guide for Wealth Management Clients

November 2, 2021

As the cryptocurrency industry progresses to mainstream adoption, investors seek to understand more about this rapidly growing industry and how they can increase their exposure to it.
On Monday, Nov. 1, 2021, the American multinational investment bank Morgan Stanley published a report on cryptocurrencies for its wealth management clients.
Incoming Regulations
In the document, strategists at Morgan Stanley Research gave a detailed analysis of the various activities, sectors, and trends that currently make up the highly speculative crypto industry.
Earlier in September, the Wall Street giant launched its crypto research division that is focused on analyzing the impact of digital assets on equities and several treasury bonds, led by Sheena Shah.
Morgan Stanley Cryptocurrency

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Happy Birthday: 13 Years Ago Satoshi Nakamoto Released Bitcoin’s Whitepaper

October 31, 2021

October 31, 2008, marks the birth of Bitcoin as we know it today after Satoshi published a paper titled: Bitcoin: “A Peer-to-Peer Electronic Cash System.”
The Bitcoin whitepaper explains the problem with centralized electronic payment systems like banks and financial institutions while also proposing how a tamper-proof, decentralized peer-to-peer protocol solves the issue.
Put simply, Satoshi’s solution in the paper was to completely eliminate the centralized third-party system, which will allow people to become their own bank and transact with each other without relying on a “third-party” to process the transaction.
The proposed protocol is built on a cryptographically secure system that lays the foundation of what is known as the back-bone of cryptocurrencies today –

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Axies and Other Play2Earn Coins Surge as Facebook Changes Name to Meta

October 29, 2021

Following the decision made by the American multinational tech company, Facebook, to change its parent company name to Meta Platforms Inc, the prices of several metaverse gaming cryptocurrencies have experienced a significant increase.
Facebook Rebrands to Meta
The California-based company officially changed its corporate name to Meta Platforms Inc. yesterday, to move beyond the social media business concept.
Facebook’s CEO, Mark Zuckerberg, noted the company is trying to introduce the “next wave of computing” and move away from its highly controversial social media app, which will continue to be known as Facebook.
The name change will also not affect Facebook’s other social networking platforms, WhatsApp and Instagram, just the parent company.
The Facebook founder pointed

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Launch Platform CoinList Now Valued at $1.5 Billion Following $100 Million Fundraiser

October 27, 2021

Crypto exchange and token listing platform CoinList has recently announced the completion of its Series A funding round, which raised $100 million from industry investors.
In an official blog post, CoinList noted that the funds will be geared toward scaling its services and operations and supporting its global community of early adopters.
A $1.5B Market Valuation
Graham Jenkins, the company’s CEO, commented that the company will look to “deepen” its relationships with its existing community following the fundraising round.
“And our community is truly global. While we have some great U.S. investors, our new investors are mostly active users and partners in the regions where we are growing fastest – Asia, Europe, and the Middle East. We’re very excited to have them join us.”

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Minima Secures $6.5M in Series A Funding Round to Accelerate Mainnet Launch

October 26, 2021

Minima, a scalable and decentralized blockchain network for value and information transfer, has recently bagged $6.5 million from notable investors in a Series A funding round.
Accelerating Mainnet Launch
According to a press release shared with CryptoPotato, the funds acquired from the just-concluded funding round will be used to facilitate the launch of Minima’s Mainnet in 2022. 
Minima’s system is designed to seamlessly fit on a mobile or IoT device, allowing every user to run a full constructing and validating node.
Although the network uses the proof-of-work (PoW) consensus mechanism, it employs a variation that requires very little computing power, which makes it easy to run on mobile phones. 
The goal of the project’s developers is to ensure that Minima becomes the

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Blockstream CEO Adam Back Goes Against Meme Coins: A Low Res Gif of a Rock Has No Merit

October 24, 2021

The belief system between Bitcoiners and “Shitcoiners” continues to widen. While the two groups agree every once in a while, they are often completely on separate pages criticizing themselves.
For clarity, “shitcoiner” may have varying meanings, depending on who’s speaking, but it is mostly used by Bitcoin maximalists to describe people who trade in other cryptocurrencies.
Recently, Blockstream co-founder and CEO Adam Back blasted Shitcoiners, saying that they are terrible at making memes and the reason for that is unclear. The Bitcoin proponent went further to say that the popular and expensive ETHRocks which sold for as high as $2.1 billion are nothing but “a low-resolution gif that has no merit.”
How it started
As with most altercations between Bitcoiners and

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Twitter CEO Jack Dorsey: Hyperinflation Will Change Everything, It’s Already Happening

October 24, 2021

With inflation already here, Twitter founder and Bitcoin proponent Jack Dorsey believes it will continue at a fast rate, which will lead to hyperinflation, not just in the United States but around the rest of the world.
Hyperinflation Will Change Everything
The Square CEO shared his thoughts on the matter on Twitter, stating: “Hyperinflation is going to change everything… It’s happening.”
While inflation is a decrease in the purchasing power of money, reflected in the general increase in the prices of goods and services in an economy, it becomes hyperinflation when the inflation rate exceeds 50%, according to Investopedia.
Dorsey’s tweet comes after the United States Labor Department earlier this month reported that consumer prices rose more than expected, nearing a

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Report: Over 3 Million Email Addresses of CoinMarketCap Users Leaked

October 23, 2021

Leading cryptocurrency price tracking platform CoinMarketCap (CMC) recently had email addresses of over 3 million users leaked.
According to a fresh report by a website that tracks several cybersecurity threats, including hacks and compromised online accounts, about 3,117,548 email addresses of CMC users were leaked on October 12.
However, the leak remained unknown until the email addresses were discovered on several hacking forums where they were being traded.
Coinmarketcap Confirms Data Leak
The report further revealed that the passwords to these leaked email addresses were not compromised in the hack.
Speaking on the matter, a CMC representative said:

“CoinMarketCap has become aware that batches of data have shown up online purporting to be a list of user accounts.

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Australian Senate Report Recommends Crypto-Friendly Regulations

October 23, 2021

Following the growing interest in cryptocurrencies globally, the Senate’s Committee on Australia as a Technology and Financial Center has recommended that the country should establish favorable digital asset regulations to promote the development of the industry.
Fostering Crypto Growth
The committee said in a report published by Reuters today that the proposed laws should focus on issuing tax discounts for crypto trading and establishing a licensing regime for exchanges, among others.
According to the recommendations contained in the paper, the new regulations should provide clarity on how various digital currencies should be categorized to identify the relevant rules applicable to them.
The proposed regulatory clarity will also guide banks’ decisions when considering

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Less Than 17% Addresses Control Over 80% of NFTs on Ethereum: Report

October 22, 2021

A new report has revealed that a significant portion of all Ethereum-based non-fungible tokens (NFTs) is in the possession of a small number of addresses on the network.
The report, which was published on October 21 by the open-source blockchain analytics firm, Moonstream, focused solely on NFTs with the ERC 721 token standard. It was conducted on more than 7 million NFT transactions on the Ethereum blockchain between April 1 and September 25, 2021.
Inequality in NFT Distribution on Ethereum
Moonstream’s document shows that about 16.71% of all addresses conducting NFT transactions on the Ethereum blockchain hold a whopping 80.98% of the NFTs.
It also noted that the 16.71% represents the several NFT platforms and exchanges that deal with thousands of these digital tokens at

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Popular F1 Team McLaren Racing Launches NFTs Platform on Tezos

October 20, 2021

British motor racing team, McLaren Racing, has recently announced the launch of its non-fungible tokens (NFTs) platform, where fans and digital art collectors can purchase its digital collectibles. The new endeavor will be built on the popular Tezos blockchain.
McLaren Joins the NFT Craze
According to a press release shared with CryptoPotato, the NFT platform, which is dubbed “McLaren Racing Collective,” will serve as a way for the team’s fans and other enthusiasts “to own a piece” of the motor racing giant.
The first NFT drop will feature different digital parts of the MCL35M 2021 Formula 1 race car built from the official McLaren Racing CAD, which fans and collectors can purchase.
Commenting on the launch, Lindsey Eckhouse, Director, Licensing, eCommerce and eSports,

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Crypto Asset Manager Bitwise Launches Polygon (MATIC) Fund

October 20, 2021

San Francisco-based digital asset management firm – Bitwise Asset Management – has announced the launch of its Bitwise Polygon (MATIC) Fund.
According to an official press release shared with CryptoPotato, the Fund will serve as a professionally managed investment vehicle that will give Bitwise’s wealthy clients access to MATIC, the Polygon network native cryptocurrency.
The firm noted that only accredited Bitwise clients can qualify for private placement subscriptions to the new product, with a minimum investment of $10,000 and weekly redemptions.
A Rising Star
Commenting on the development, Matt Hougan, the Chief Investment Officer at Bitwise, said the firm chose to launch a Fund for MATIC because of Polygon’s breakthrough in solving Ethereum’s inability to

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Shiba Inu’s Wallet Addresses Surge by Over 9% in Two Weeks

October 19, 2021

The popular meme-inspired coin and self-proclaimed DOGE killer, Shiba Inu (SHIB), has continued to gain popularity, recording more than 9% growth in the number of holders within the last two weeks.
SHIB Addresses Surpass 738k
Amid an impressive price performance since October 2nd, retail demand for SHIB remains at large as the meme coin has managed to accumulate more than 60,000 new holders, representing about 9.11% increase in a little over two weeks.
There are currently over 742,000 unique addresses holding the SHIB token, which is more than double the number of unique holders the coin had earlier in May when it was trading at its peak and hit an all-time high (ATH).
Price Slides Do Not Deter the SHIB Army
The meme coin has a strong retail user base popularly known as

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