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Cryptocurrency shiba inu
LEASH, or “Doge Killer”, was originally a rebase token pegged to dogecoin, where its supply was automatically adjusted by the protocol to keep its price in line with doge at a ratio of 1:1000. That is no longer the case today, as the rebasing algorithm was removed, meaning LEASH now acts as a store of value coin in the Shiba ecosystem with a limited supply of just 107,647 coins.
The burn address Vitalik Buterin used to destroy 40% of the SHIB supply is an outlier, but the next biggest wallet holds 6% of the supply (60 trillion SHIB), followed by two wallets with over 3% and another pair with over 2%. Thirteen wallets in total have more than 1% of the total supply.
According to the team, the goal is to create a fun, immersive and interactive environment where users can explore, earn passive income and collect in-game resources. Importantly, the metaverse will allow users to develop and launch their own projects. In total, there are 100,595 plots of land on SHIB: The Metaverse. Of the total, 36,431 digital lands were unlocked on April 13, 2022 – the launch date of the introductory phase of the metaverse.
Working both for and against SHIB is its 1 quadrillion token supply. However, investors enjoy seeing that they own huge numbers of a token, as opposed to Bitcoin, where owning even one whole coin is impossible for many.
However, greater congestion on Ethereum means that transactions can get slower and more expensive in terms of gas fees. As a result, many scaling solutions have been launched that take care of both of these problems.
SHIB has made incredible strides and, in fact, ‘flipped’ Dogecoin by overtaking its market capitalization value in October 2021, not long after one major exchange listing and upon speculation of another.
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Her manager told the Hollywood Reporter in July that she was unique in not having sought out internet fame, having been off social media for mental health reasons for several months before appearing in the now-viral “Hawk Tuah” video.
In the episode, she was joined by FaZe Clan’s founder, Banks, who comforts her as she breaks down in tears over the ordeal.However, the episode was soon deleted and Banks hit out at Welch’s team on X, raising suspicions about how the now-deleted podcast made it online, when he hadn’t green-lit it.
CoinTelegraph reported about 80 to 90% of the Hawk Tuah supply was controlled by insiders or snipers—or entities that purchase large amounts of a coin’s supply at its launch—citing blockchain data from Bubblemaps and DexScreener, though Welch said in a post on X her team had not sold any tokens and they “tried to stop snipers as best we could.”
Before Tuesday (March 25), there had not been a post on Instagram from Welch for five weeks, the previous X / Twitter post from her was December 20, and there hasn’t been a new episode of the Talk Tuah Podcast since December 3.
A December 19 court ruling states that the lawsuit “arises from the unlawful promotion and sale of the Hawk Tuah cryptocurrency memecoin, known as the ‘$HAWK’ token, which Defendants offered and sold to the public without proper registration.”
