Meme coin market roundup: Shiba Inu price slides, while Sonik Coin launches presale

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In this article, we look at the top memecoin news stories making headlines - including one new memecoin that has now raised over $24.5 million in investor funding

The price of leading memecoin Shiba Inu has retreated over 20% in the past five days, despite the long-awaited launch of the Shibarium layer-2 network.This decline comes as the rollout of the Shibarium mainnet hit some technical snags.showed leaked screenshots from a Shiba Inu developer Telegram chat where the developers were discussing apparent issues with retrieving bridged assets on the new Shibarium network.

Wall Street Memes’ team has hinted at significant exchange listings once the presale concludes, although no specific details have been released yet.that major exchange partnerships are in the pipeline, given that the project’s roadmap notes plans for “Tier-1 CEX listings”. As its name suggests, the token features accessible branding around cats and memes, appealing to a broad demographic of memecoin enthusiasts.With a vast one quadrillion token supply, the developers aimed to make CAT accessible to the masses – but the token didn’t initially take off as they’d hoped.

 

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