Shibarium Bridge Flash Loan Attack Details 

On September 14, the Shibarium cross-chain bridge became the target of a sophisticated flash loan attack. The hacker borrowed 4.6 million BONE tokens and gained control of 10 out of 12 validator signing keys, achieving a two-thirds majority. Using this power, the attacker attempted to withdraw approximately 224.57 ETH and 92.6 billion SHIB. 

Shiba Inu developers acted quickly to suspend staking and unstaking functions, locking the BONE tokens and removing majority control from the attacker. In addition, the hacker held about $700,000 worth of KNINE tokens from the K9 Finance DAO project. The K9 Finance DAO denylisted the attacker’s address to prevent KNINE token liquidation. LEASH, ROAR, TREAT, BAD, and SHIFU coins were also affected but have not been moved or sold. 

UPDATE 13/09/25

What we know so far about the recent incident

How the exploit was executed:

• The attacker used funds from the bridge hack in the same block as the attack to acquire 4.6M BONE to temporarily gain validator voting power, attempting to do it in one… https://t.co/4Ft1VMxeBv

— Shib (@Shibtoken) September 13, 2025

Developer Actions and Security Measures 

The Shiba Inu team secured investor funds by transferring them from proxy contracts to a multisig cold storage wallet. They collaborated with security firms Hexens, Seal911, and PeckShield to conduct a thorough investigation. The developers confirmed that the 4.6 million BONE tokens remain locked, and all validator assets are secure. They continue monitoring and freezing attacker-linked funds while preparing a full incident report. 

Market Impact and Token Performance 

Despite the attack, BONE token surged by 40% while SHIB gained over 8%. These movements reflect investor confidence following the team’s rapid intervention. The Shibarium attack highlights DeFi ecosystem risks, but Shiba Inu’s swift measures ensured all funds stayed safe. 

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What is Cat in a Dogs World (MEW)?

MEW is a cat-themed memecoin project built on the Solana blockchain. With its “Cat in a Dogs World” name, it presents a narrative representing the independence and uniqueness of cats in a market dominated by dog-themed memecoins (like Dogecoin and Shiba Inu). MEW goes beyond being just a memecoin, aiming to become a lifestyle brand that blends the crypto world with pop culture. The project stands out with its community-driven approach, creative tokenomics, and real-world integrations.

MEW’s story is based on a narrative that everyone can relate to: the journey of a lone cat named MEW, struggling in a world ruled by dogs. The story revolves around MEW defeating the dog leader Shibatoni and his henchmen to overthrow the evil SHIBEX corporation. This fun and creative narrative is one of the key features that sets MEW apart from other memecoins.

MEW’s Key Features

MEW is not just a memecoin but also a project supported by a strong community and innovative features. Here are MEW’s standout features:

1. Speed and Low Cost with Solana’s Power

MEW operates on the Solana blockchain, which provides significant advantages. Solana’s fast transaction capacity and low transaction fees enable MEW to offer a user-friendly experience. Compared to tokens on slower networks, MEW provides more efficient and economical transactions.

2. Strong Community Engagement

MEW is a community-driven project and encourages active participation from its users. Users who create creative content such as emojis, posters, and stickers can contribute to the project. Additionally, storytellers who write inspiring cat-themed stories are an important part of the community. MEW’s fun branding and strong community support play a key role in the project’s success.

3. Real-World Integrations

MEW has a vision of blending the crypto world with pop culture. The project makes notable strides with innovative steps like co-producing a 3D animated series with Locus Animation Studios. Additionally, with approximately 70+ collaborations and integrations with entities like RainFi, Solchat, PIP, and AssetDash, MEW transcends being just a memecoin to become a lifestyle brand. Its conference booths, which attract significant interest, especially among female users, demonstrate MEW’s appeal to a wide audience.

4. Market Position and Liquidity

MEW reached a market capitalization exceeding $900 million shortly after its launch, earning the title of the project that sparked the “cat season.” It is currently the second-largest memecoin in the Solana ecosystem after POPCAT. With over $38 million in on-chain liquidity, MEW is listed on more than 31 exchanges, including Revolut, Coinbase, Binance, OKX, Upbit, Bithumb, and Moonshot. Additionally, in 2024, it became the first cat-themed memecoin to offer a KRW trading pair on South Korea’s largest exchanges, Bithumb and UpBit.

5. Copyrights and Studio-Quality Media

MEW is one of the rare memecoins that owns the copyrights to its content, eliminating risks related to copyright issues. Additionally, it has changed the memecoin meta by entering the market with studio-quality digital media and artwork. The 3D animated series co-produced with Locus Animation Studios strengthens MEW’s creative approach.

Cat in a Dogs World (MEW) Tokenomics

MEW’s tokenomics model is focused on long-term value and stability:

• Total Supply: 88,888,888,888 MEW tokens.

• Liquidity Pool Burn: At launch, 90% of the liquidity pool tokens were burned. This aims to limit the token supply, enhance price stability, and prevent pump-and-dump scenarios.

• Airdrop: The remaining 10% of tokens were distributed to the Solana community via airdrop. This strategy boosted community engagement in the early stages, contributing to the project’s growth.

This tokenomics approach allows MEW to operate with less volatility in the market and offers a trustworthy structure for long-term investors.

Official Links

• Website
• X (Twitter)

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Why Is Shiba Inu’s Price So Volatile?

• Token Burn Mechanism
  Thanks to the second-layer infrastructure called Shibarium, the burn topic has become even more critical. Some sources report that burn rates have reached hundreds of thousands to millions of Shiba Inu daily, and even a 1.581% increase has led to the removal of nearly 100 million SHIB tokens from circulation. This deflationary strategy has the potential to support token value by reducing supply, while also triggering speculative movements in the short term.

• Shibarium Expansion and Ecosystem Usage
  With Shibarium beginning to integrate more dApps, staking, and NFT ecosystems, hopes are rising for real-world utility scenarios. If adoption increases, the token could evolve from being just a memecoin to a practical cryptocurrency product.

• Market Sentiment & Whale Movements
  Analysts are also closely monitoring the speculative positions of large investors (whales) in SHIB. At times, high-volume transactions can create both strong demand and price pressure. These factors are among the key elements that could influence SHIB’s direction in the short term.

This article may also interest you: Will Justin Sun Sell 60,000 ETH?

Analysts’ 2025 Price Predictions

• Conservative estimates generally suggest a range between $0.00001 and $0.000035. Some analyses indicate that prices could remain stuck within this band throughout the year.

• Moderate-to-high projections point to a peak between $0.00003 and $0.000045. For example, the InvestingHaven model presents a minimum of $0.0000101 and a maximum of $0.0000455.

• More ambitious approaches ($0.00005 and beyond) are based on SHIB’s potential market value, the effectiveness of the burn strategy, and possible bull market scenarios. Platforms like StealthEX are evaluating targets between $0.00005 and $0.001.

• Especially Changelly forecasts that SHIB could reach around $0.000059 by mid-2025, while ChatGPT based on CoinMarketCap data considers the possibility of hitting $0.0001.

In summary:

• Min: ~$0.00001

• Average/conservative: $0.000012–$0.00003

• Aggressive target: $0.00004–$0.00006

• Highly ambitious but possible in the long term: $0.0001+

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Memecoin Trading Volume Breaks Records

According to data from CoinMarketCap, trading activity in the memecoin space soared in July compared to the previous month. On Thursday, July 11, daily trading volume topped $18 billion — the highest in the past 30 days. The second-highest daily volume came just days earlier, with $17.09 billion recorded on Saturday.

Top memecoins such as Dogecoin, Shiba Inu, and Pepe saw notable gains over the past week. However, the biggest weekly winners were Floki (up 45%), Pudgy Penguins (PENGU) with a 58% increase, and most impressively, Bonk (BONK), which surged by a staggering 72%.

Bonk’s Rally Fueled by LetsBonk Launchpad

A key catalyst behind Bonk’s explosive performance is the emergence of LetsBonk, a new Solana-based launchpad tailored for memecoins. On July 7, LetsBonk overtook Pump.fun — previously the dominant launchpad on Solana — in daily volume, disrupting the memecoin launch ecosystem.

In the past seven days alone, data from DefiLlama shows LetsBonk generated $8.25 million in protocol revenue, far surpassing Pump.fun’s $4.91 million. This sharp contrast signals a potential shift in dominance within the memecoin infrastructure space.

LetsBonk Takes the Lead in Volume and Market Share

Analytics from Jupiter, a leading decentralized exchange (DEX) aggregator, reveal that LetsBonk captured 51.9% of the launchpad market share in the past 24 hours, compared to Pump.fun’s 39.5%. In terms of volume, LetsBonk processed $838 million — beating Pump.fun’s $638 million.

However, Pump.fun still maintains an edge in several core metrics. With $29 million in 30-day protocol revenue, it remains the top-earning launchpad. Additionally, Pump.fun leads in daily active users with 413,000 traders, while LetsBonk trails with 275,000. In terms of liquidity, Pump.fun is still dominant, holding $510 million compared to LetsBonk’s $53 million.

Ethereum Rally Boosts Broader Memecoin Market

While Solana-based developments are driving much of the current memecoin boom, the recent surge in Ethereum (ETH) is also believed to be contributing to the broader altcoin rally.

At the time of writing, ETH was trading above $3,476 — marking a weekly gain of over 24%. This bullish momentum is likely lifting sentiment across the crypto market, including the high-risk, high-reward memecoin sector.

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According to Bloomberg ETF analyst Eric Balchunas, the answer is likely yes. On June 7, he stated that there’s a “really good chance” we’ll see active memecoin-focused ETFs soon, possibly by 2026.

Memecoins Enter the ETF Arena

Memecoins have exploded this year, particularly among retail traders. As interest grows, ETF providers are exploring ways to tap into this speculative but lucrative market. Balchunas expects that before we see a pure memecoin ETF, several active crypto ETFs will roll out first, setting the stage for more niche products.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

His remarks came in response to a post by the team behind “Vladcoin,” suggesting that ETFs should actively trade memecoins—buying the strong, selling the weak.

Spotlight on Dogecoin ETF Filings

Interest in a potential Dogecoin ETF is already high. Major players like Grayscale, Bitwise, 21Shares, Osprey Funds, and Rex Shares have filed with the SEC to launch ETFs based on Dogecoin, Bonk, and Official Trump (TRUMP).

However, the SEC has yet to approve any memecoin ETFs—or even altcoin-based ones like Solana, XRP, and Litecoin—despite dozens of applications filed this year.

Memecoin Market: Boom to Bust?

While early 2024 saw memecoins skyrocket, recent months have brought steep corrections. TRUMP is down 86%, Dogecoin by 75%, Shiba Inu (SHIB) by 85%, and Pepe (PEPE) has lost nearly 60%. Despite the downturn, the push for ETFs suggests long-term faith in the sector.

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Shibarium’s TVL Growth and Shiba Price 

If Shibarium captures 10% of Ethereum’s $90 billion TVL, its TVL could hit $9 billion—a 2,000-fold increase. Experts deem this challenging, but such growth could push SHIB’s price to $0.0001–$0.00075, driven by increased token burns reducing supply. SHIB’s weekly chart shows bullish signals: a rounding bottom formed, breaking the $0.000016 neckline. A weekly close above this could trigger a 55% rally to $0.000024, matching the pattern’s height. 

Weekly RSI crossed above 50 for the first time since mid-January, signaling growing bullish strength. The Awesome Oscillator (AO) bars may turn green from red, confirming weakening bears and rising bullish momentum. 

Shibarium’s Long-Term Impact on Shiba Price 

Shibarium offers faster transactions and lower fees, burning Shiba with each transaction. This reduces the 589 trillion circulating supply, supporting price growth. Experts suggest sustainable Shibarium growth could drive SHIB to $0.0001, though capturing 10% of Ethereum’s TVL requires mass adoption. Solana’s $11 billion TVL is nearby, yet network growth continues to positively impact SHIB’s price. 

Shibarium’s TVL growth is a key catalyst for SHIB’s price. While capturing 10% of Ethereum’s TVL is ambitious, increased adoption could push SHIB to $0.0001. Technical analysis supports a $0.000024 target, with RSI and AO confirming bullish strength. Shiba is evolving beyond a meme coin, building a robust ecosystem. 

****NOT INVESTMENT ADVICE*** 

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In April 2025, SHIB futures open interest surged from approximately $97 million to $190 million. This increase indicates growing investor interest in future price movements. 

SHIB Wallet Count and Whale Movements 

In April, wallets holding at least $1 million in value rose by 14.5%, from 751 to 860. Large transactions (over $100,000) increased by 95.91%, with 18.51 trillion tokens transferred. CoinGlass data shows a 1.32% rise in open interest to $35.66 million, indicating strong investor engagement. A TradingView analyst noted that a $1 price target is unattainable, requiring a market cap of $589 trillion.

Token presents mixed signals from technical and fundamental indicators. The rise in futures open interest and whale activity suggests potential price movements. However, market volatility and regulatory uncertainties warrant caution. According to IntoTheBlock data, 85.22% of Shiba holders are currently at a loss, with only 10.59% in profit and 4.19% breaking even. This indicates that most investors bought at or above the 2021 peak. 

SHIB’s whale activities point to short-term targets of $0.000037–$0.000085. Medium-term targets of $0.0001–$0.001 are feasible, but $0.01–$1 is unrealistic. Bitcoin dominance and volatility pose risks to the price. 

Market Cap: Approximately $7.46 billion USD, ranking 18th–21st in the crypto market. 

Trading Volume: The 24-hour trading volume ranges between $110.7 million and $298.5 million USD, reflecting a 9.6%–104% increase compared to the previous day. 

***Not Investment Advice ***

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The United Arab Emirates Strengthens Its Global Leadership with Web3 Technologies

The UAE Ministry of Energy and Infrastructure (MoEI) has formed a strategic partnership with Shiba Inu to accelerate digital transformation in energy, infrastructure, and public services. This collaboration aims to enhance the adoption of Web3 technologies, improving public service efficiency, promoting green infrastructure projects, and supporting citizen-focused governance models.

Shiba Inu’s ShibOS operational system will unify digital projects under MoEI, creating a more integrated framework. This partnership is seen as a significant step in reinforcing the country’s global leadership in the digital sector.

Officials Speak on the Shiba Inu Partnership

MoEI’s Undersecretary for Energy and Petroleum Affairs, Eng. Sharif Al Olama, emphasized that this partnership is a critical step in redefining government services. He stated, “We are delighted to deepen our commitment to pioneering digital services. By embracing innovative technologies, we aim to set a global benchmark. Through this collaboration, we are shaping a future built on sustainability, connectivity, and digital excellence.”

Shytoshi Kusama, Lead Visionary of the Shiba Inu team, expressed his satisfaction with MoEI recognizing Shiba Inu as a cornerstone of next-generation infrastructure.

Kusama noted, “This partnership highlights Shiba Inu’s strength in delivering groundbreaking solutions. Together, we will redefine how businesses and citizens interact within a transparent, eco-friendly digital ecosystem.”

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This unexpected launch sent Solana’s native token (SOL) soaring to a new all-time high of $270, sparking questions about the sustainability of its rally. With Solana’s $120 billion market cap, some analysts are debating its implications for Ethereum (ETH), traditionally seen as Trump’s preferred blockchain due to its ties with the World Liberty Financial project.

Reshaping the Crypto Landscape

The launch coincided with the high-profile “Crypto Ball”, a Trump-honoring event held in Washington, D.C., featuring industry leaders such as Michael Saylor, Coinbase CEO Brian Armstrong, and the Winklevoss twins. The timing of the token launch and its subsequent $6.9 billion market cap made waves across the industry.

TRUMP Token launched with 200 million tokens in circulation and a total supply of 1 billion, with 80% allocated to the issuers. The token saw immediate listings on major exchanges, including Bybit, Bitget, and KuCoin, and significant activity on decentralized exchanges (DEXs) like Meteora and Jupiter DEX.

Solana’s Dominance Strengthened

With trading volumes exceeding $7 billion, TRUMP outperformed established memecoins such as Dogecoin (DOGE), Shiba Inu (SHIB), and PEPE, causing these tokens to lose market share. Notably, Dogecoin dropped 6%, Shiba Inu fell 7.5%, and PEPE declined by 10.5%.

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More than 200,000 users purchased TRUMP directly via its app, Moonshot, which facilitated nearly $400 million in trading volume. As a result, Solana’s decentralized finance (DeFi) ecosystem, particularly platforms like Meteora and Raydium, experienced significant growth.

Challenges for Ethereum

The launch of TRUMP reinforced Solana’s position as a dominant ecosystem for token launches. For Ethereum holders, this posed a dual challenge: the loss of Trump-related market sentiment and Solana’s rising appeal among traders and institutional investors.

For Solana (SOL) to sustain its momentum and breach the $300 mark, the network will need to expand institutional adoption and potentially secure a spot ETF approval from the U.S. Securities and Exchange Commission (SEC)—a key factor for long-term growth.

Will the Official Trump Memecoin maintain its price above $20? The answer may shape the future of both Solana and the broader memecoin market.

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Key Intraday Levels for Bitcoin

The BTC/USDT pair has dropped 5.87% in the past 24 hours and is currently trading at $95,709. Bitcoin (BTC) has lost the previously identified support at $97,362, leading to a significant correction. If it rebounds, the resistance level to watch is $97,362, while the support levels are $94,703 and $93,138.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

Ethereum (ETH): The ETH/USDT pair has dropped 8.69% over the last 24 hours and is currently trading at $3,361. Resistance levels for ETH are $3,440 and $3,535, while the support levels are $3,290 and $3,217.

SPX6900 (SPX): The SPX/USDT pair has gained 0.94% in the last 24 hours and is trading at $1.44. Resistance levels are $1.453 and $1.56, while support levels are at $1.34 and, if the decline deepens, $1.24.

Helium (HNT): The HNT/USDT pair has lost 5.58% in the past 24 hours and is trading at $5.87. Resistance levels for HNT are $5.91 and $6.25, while support levels are $5.72 and $5.45.

Shiba Inu (SHIB): The SHIB/USDT pair has dropped 10.14% in the last 24 hours and is currently trading at $0.00002167. Resistance levels for SHIB are $0.00002192 and $0.00002312, while support levels are $0.00002133 and $0.00002052.

Trending Coins

The most trending coins in the crypto market over the past 24 hours include Sonic SVM (SONIC), Virtuals Protocol (VIRTUAL), and Hyperliquid (HYPE). The top gainers are Sonic SVM (SONIC), QuantixAI (QAI), and Ultima (ULTIMA), while the biggest losers are Swarms (SWARMS), Horizen (ZEN), and CHEX Token (CHEX).

Bitcoin Liquidation Map

On the 12-hour liquidation map for Bitcoin, notable liquidations are seen at $96,696 on the upside, totaling $34.48M, and at $94,818 on the downside, also with $34.48M.

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