Shiba Inu Loses Second Spot Among Meme Coins to MemeCore
- —SHIB market cap at $3.37 billion, MemeCore (M) overtook it at $3.5 billion
- —M gained 35% over the month while SHIB added just 3%
- —SHIB exchange reserves hit 87.6 trillion tokens, highest since early August
- —Shibarium activity remains negligible despite an RPC update
Why it matters: Rising SHIB exchange reserves point to mounting sell pressure, while losing the top-2 meme coin spot weakens the asset's narrative.
Source: CryptoPotato