Since the first week of December 2024, the Shibarmy has experienced a choppy market for Shiba Inu (SHIB) akin to Ethereum (ETH). The mid-cap dog-themed memecoin, with a fully diluted valuation of about $7.2 billion and a 24-hour average trading volume of about $169 million, has dropped more than 22 percent in the past four weeks to trade about $0.00001239 on Friday, March 14, during the mid-London trading session.
As the largest memecoin on the Ethereum network, Shiba Inu price has moved in tandem with Ethereum. Consequently, a potential V-shaped reversal for Ether in the near future could directly impact Shiba Inu price action and the wider altcoin market.
Shiba Inu Chart Insights
From a technical analysis standpoint, Shiba Inu price is currently retesting a crucial support range between $0.0000128 and $0.00001, which was established in the last year. Additionally, SHIB price has been retesting a crucial support weekly trendline, which must hold to invalidate further market correction.
In case of a sudden market reversal, SHIB price will be aiming for the next supply zone between $0.000021 and $0.000025.
Favoring Fundamentals
Shiba Inu has, over the years of existence, evolved to a utility-based memecoin through the Shibarium layer two (L2) ecosystem. The Shibarium ecosystem has grown to more than a dozen DeFi protocols, with a total value locked of about $1.71M at the time of this writing.As a result, the SHIB token has attracted more than 1.4 million on-chain holders, who have helped increase the network’s overall burn rate. In the past 24 hours, the burn rate of SHIB surged by 27,787 percent, according to on-chain aggregate data from Shibburn
Solana continues solidifying its leading position in the crypto market, achieving network revenue exceeding $271 million in Q2 2025.
This remarkable performance shows Solana’s dominance over other Layer-1 and Layer-2 chains. Its ecosystem and growing adoption continue to drive investor confidence.
Solana Revenue Rockets Past All Chains for Third Straight Quarter
Revenue charts from Q2 2016 to Q2 2025 show Solana maintaining steady growth, while other chains like Ethereum and Tron experienced sporadic spikes but lacked consistency. Total network revenue reached $685.97 million, with Solana accounting for nearly 40%, demonstrating its competitive edge.
Decentralized applications (DApps) on Solana have also led in weekly revenue for 10 consecutive months, proving that Solana excels in infrastructure and as an ideal developer environment.
Another highlight is Solana’s record-high Bitcoin trading volume in Q2 2025, reflecting increased cross-chain trading activity and its pivotal role in decentralized finance (DeFi).
Bitcoin trading volume on Solana. Source: SolanaFloor
The total value of tokenized real-world assets (RWA) on Solana rose to $418 million, a new all-time high. At this level, Solana trails Aptos (APT), which reached $538 million.
With fast transaction processing speed and low costs combined with the explosion of meme coin launchpads such as LetsBonk or Pump.fun, Solana continues to attract attention from both individual and institutional investors.
However, analyst RuzTV on X suggests SOL’s price may correct to $143 before a strong breakout. SOL is currently trading at $151.
Charts from Blockworks also indicate that chains like Arbitrum and Optimism are gradually closing the gap. Maintaining its leading position will require Solana to innovate continuously to stay ahead of competitors like Ethereum, which is improving its L2 scalability.
HTX, a leading global cryptocurrency exchange, has announced the launch of the sixth phase of its Crypto Gem Hunt program. Amidst a crypto market characterized by persistent volatility, with Bitcoin fluctuating between $100,000 and $110,000, market sentiment remains largely influenced by macroeconomic policies, regulatory developments, and speculative behavior. Against this backdrop, HTX’s Crypto Gem Hunt leverages rigorous data analysis and a meticulous selection process to spotlight seven standout projects. These projects are strategically positioned for growth and demonstrate strong community engagement. The selected assets span some of today’s most dynamic sectors—including RWA/DeFi, AI, Meme, LSD, and SocialFi—and feature both promising new entrants and well-established projects that have recently outperformed broader market trends.
New Listings Shine Across a Well-Balanced Sector Mix
In May, HTX listed 23 new assets, including six stablecoins, an approach that underscores its commitment to staying at the forefront of the stablecoin trend and expanding its asset offerings. Notably, USD1 made its global debut on HTX. The token, issued by World Liberty Financial (a company backed by the Trump family), focuses on building a DeFi lending ecosystem in the United States. USD1 quickly gained traction as one of May’s most discussed projects on social media and received an S rating.
Besides USD1, two other new assets in Crypto Gem Hunt #6 have stood out:
SYRUP (Maple Finance), a key player in the RWA/DeFi sector, experienced an impressive 117.7% surge following its listing on May 8, earning an A rating. SYRUP is the native token of Maple, a decentralized lending protocol that allows users to deposit USDC, receive syrupUSDC, and earn yield. All loans are collateralized by digital assets, ensuring both strong security and sustainable returns.
KAITO, an innovator in the InfoFi/AI sector, recorded a remarkable 263.6% increase since its listing on HTX on February 23, securing an A rating. KAITO is building an AI-driven crypto information network that streamlines content distribution among creators, users, and capital. By empowering the content ecosystem, KAITO is positioning itself at the forefront of the convergence between crypto and AI.
Despite continuous shifts in market dynamics, a select group of earlier-launched projects are demonstrating remarkable resilience. Backed by strong product fundamentals and vibrant community support, they’ve recently returned to the spotlight with evolving narratives and renewed momentum, capturing the attention of both investors and users.
Two Meme projects from last September, MOODENG and NEIROCTO, serve as notable examples:
MOODENG, built on the Solana (SOL) chain, surged an incredible 961.5% and received an A rating. Inspired by the famous pygmy hippopotamus from Thailand, MOODENG’s unique design, strong community, and viral momentum propelled it to a nearly tenfold increase post-launch.
NEIROCTO (First Neiro On Ethereum) is community-driven and carries on the spirit of Doge. Since its launch on September 7, 2024, it has seen a peak increase of 235%. Through consistent operational efforts and content-driven initiatives, NEIROCTO has cultivated a highly engaged Meme community.
ETHFI (ether.fi), launched in March 2024, emerged during the boom of the LSD sector and has since recorded a 258.7% increase. With rising interest in LSD solutions within the Ethereum ecosystem, ETHFI shows strong growth potential and a solid track record.
MASK (Mask Network), launched in 2021, is a SocialFi project that recently gained 187.3%. Acting as a bridge between Web2 (traditional internet) and Web3 (decentralized internet), MASK integrates decentralized applications into mainstream social media via a browser plugin. Recent feature updates and community efforts have significantly contributed to its price recovery.
HTX Crypto Gem Hunt Empowers Users Across Market Cycles
To date, HTX has launched six rounds of its Crypto Gem Hunt program. The latest selection features not only high-growth new assets from emerging sectors but also established projects that have recently delivered strong performance. Together, these assets offer users a well-balanced portfolio—combining defensive stability with high-upside potential.
Looking ahead, HTX Crypto Gem Hunt will continue to empower users through professional, intuitive asset discovery supported by robust data and forward-looking analysis.
About HTX
Founded in 2013, HTX has evolved from a virtual asset exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, research, investments, incubation, and other businesses.
As a world-leading gateway to Web3, HTX harbors global capabilities that enable it to provide users with safe and reliable services. Adhering to the growth strategy of “Global Expansion, Thriving Ecosystem, Wealth Effect, Security & Compliance,” HTX is dedicated to providing quality services and values to virtual asset enthusiasts worldwide.
As the debate over Trump’s Big Beautiful Bill reaches a fever pitch, Senator Cynthia Lummis is attempting to add an amendment to reduce taxes on crypto miners. The White House reportedly supports her efforts.
However, these last-minute amendments work both ways. Anti-crypto and anti-renewable modifications may actually hurt crypto miners, and it’s impossible to say what will become law.
Trump’s Big Beautiful Bill and Crypto Implications
Additionally, Senator Cynthia Lummis identified some apparent inconsistencies in these firms’ tax obligations. Aiming to fix this, Lummis is working to add some last-minute amendments to Trump’s Big Beautiful Bill:
For years, miners and stakers have been taxed TWICE. Once when they receive block rewards, and again when they sell it.
It’s time to stop this unfair tax treatment and ensure America is the world’s Bitcoin and Crypto Superpower.
The Big Beautiful Bill is a controversial budget reconciliation effort that’s growing to cover a huge range of topics. It passed the House of Representatives, and the Senate is in a flurry of activity to deliver on a workable version.
Amendments and backroom deals are going back and forth around the clock, leaving Lummis an opportunity to squeeze in mining tax reform.
Strictly speaking, her proposed reform seems fairly straightforward: remove one tax on US miners, either when they receive block rewards or sell them. The Big Beautiful Bill might be her best chance to pass them quickly.
However, the Big Beautiful Bill is becoming a convoluted mess. As the name suggests, it covers a huge range of topics, including tax policy, social issues, AI regulations, and more.
Prominent crypto advocates like Elon Musk staunchly oppose it, for one thing. Much like Lummis, several anti-crypto Senators are hoping to pass their own amendments at the last minute.
In other words, Senator Lummis can’t make the bill uniformly pro-crypto with a single amendment. Furthermore, even if Trump supports her effort, he has many other priorities.
For example, White House Press Secretary Karoline Leavitt discussed the Big Beautiful Bill in a press conference today, relaying Trump’s message that he is dissatisfied with Jerome Powell as Fed Chair.
This is just one of the many fights that may take the President’s attention away from mining tax reform.
All that is to say, it’s currently more or less impossible to say whether Lummis’ tax cuts will survive the negotiations. Indeed, the Big Beautiful Bill might even hurt crypto miners, depending on the successful amendments.
