ArbInu (ARBINU) is dead.
At least, that’s what the price action is suggesting.
Arbitrum’s “most popular memecoin” (according to ArbInu’s website) has been tanking in price in the last few days.
ARBINU/USD was last changing hands at only just above $0.001, having now shed around 90% of its value since setting record highs in March near $0.001.
Bear in mind that over the same period of time, the market capitalization of the broader crypto market has pretty much gone sideways in the $1.1 trillion area.
Sadly for ArbInu HODLers, the utility-lacking meme coin appears to have been nothing more than a pump and dump.
Only time will tell if the Arbitrum-based coin’s dedicated community and decentralized governance structure can breathe life back into the project.
In the meantime, a newer, utility-infused memecoin called Love Hate Inu (LHINU) has been generating a lot of excitement in the crypto space.
The excitement was such that famous anonymous hacker group Anonymous hinted that LHINU could be the next Shiba Inu.
Love Hate Inu is a new dog-meme-inspired social media polling platform that features revolutionary new stake-to-vote, vote-to-earn blockchain technology.
Users will be able to engage in discussions and vote on the world’s most contentious, debated issues.
For example, the platform, which will be powered by Love Hate Inu’s LHINU crypto token, will allow users to have a say on whether they love or hate divisive figures like Elon Musk, Cristiano Ronaldo and Donald Trump, as well as Andrew Tate.
Given it combines the virality of meme coins and controversial current affairs whilst offering a clearly articulated utility, many observers think Love Hate Inu will catch fire in 2023.
LHINU owners will be able to stake their tokens to get a
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