Key Notes
- Shibarium hack drains $2.4 million, shaking confidence in Shiba Inu and triggering sharp meme coin sell-offs.
- Dogecoin, Shiba Inu, and different meme cash tumble as giant transfers and panic promoting hit the market.
- Meme cash stay extremely delicate to information, with complete market worth falling 8% in 24 hours.
Meme cash are going through one other spherical of losses after a hack on Shiba Inu’s
SHIB
$0.000013
24h volatility:
4.2%
Market cap:
$7.70 B
Vol. 24h:
$308.89 M
Shibarium community took greater than $2.4 million from the mission.
The assault has shaken confidence out there and has pulled down costs of the largest names within the area, together with Dogecoin
DOGE
$0.26
24h volatility:
4.8%
Market cap:
$39.93 B
Vol. 24h:
$5.94 B
and Shiba Inu.
Shibarium Hack Sends Shockwaves
The downturn started when Shibarium, a layer-2 community linked to Shiba Inu, was struck by a flash mortgage assault. The attacker used 4.6 million BONE
BONE
$0.20
24h volatility:
2.5%
Market cap:
$48.76 M
Vol. 24h:
$4.13 M
tokens to take management of the keys which can be supposed to approve transactions on the community.
As soon as they’d that management, they slipped by pretend approvals and pulled cash from the bridge that hyperlinks Shibarium with Ethereum
ETH
$4 523
24h volatility:
1.6%
Market cap:
$546.58 B
Vol. 24h:
$34.92 B
.
About $2.4 million in Ethereum and Shiba Inu was taken earlier than the crew froze the 4.6 million BONE. Builders stopped the injury from spreading additional, as a few of the BONE tokens used within the assault had been locked below staking guidelines.
UPDATE 13/09/25
What we all know to this point in regards to the latest incident 👇
How the exploit was executed:
• The attacker used funds from the bridge hack in the identical block because the assault to purchase 4.6M BONE to briefly acquire validator voting energy, making an attempt to do it in a single… https://t.co/4Ft1VMxeBv
— Shib (@Shibtoken) September 13, 2025
The influence was quick, although. Shiba Inu fell over 5% in 24 hours, transferring from $0.000014156 to about $0.00001359. At one level, it touched a low of $0.000013547.
Greater than 1 trillion SHIB tokens traded fingers in a single day, displaying clear promoting strain. BONE additionally slipped, dropping again to 20 cents after briefly spiking.
Dogecoin, the largest meme coin by market worth, additionally tumbled. It’s at present down almost 8.75% in 24 hours and is buying and selling round $0.2645.
The decline was made worse by an enormous switch of greater than 119 million DOGE, value over $34 million, despatched to the OKX trade.
Large strikes like this often imply somebody plans to promote, which provides to worries of extra losses. Meme cash similar to Pepe
PEPE
$0.000011
24h volatility:
4.3%
Market cap:
$4.53 B
Vol. 24h:
$856.10 M
, Bonk
BONK
$0.000023
24h volatility:
6.6%
Market cap:
$1.78 B
Vol. 24h:
$424.43 M
, and Floki
FLOKI
$0.000095
24h volatility:
5.3%
Market cap:
$918.28 M
Vol. 24h:
$103.97 M
additionally dropped sharply, dropping about 8-10% in a day. Altogether, the entire worth of meme cash fell to round $76.2 billion, down greater than 8% in simply 24 hours.
The selloff reveals how fragile meme cash are. In contrast to bigger cryptocurrencies, they rely totally on hype and on-line communities. That makes them far more delicate to dangerous information, whether or not it’s a hack or a giant holder transferring cash to an trade.
For now, consideration is on the Shiba Inu crew and whether or not they can restore belief in Shibarium. Merchants are additionally watching Dogecoin carefully, as extra giant transfers may preserve strain on the complete meme coin market within the days forward.
PepeNode Presale Raises $1.15M as Mine-to-Earn Meme Coin Takes Off
Whereas the broader meme coin market struggles, PepeNode (PEPENODE) is capturing the crypto world’s consideration. Its distinctive digital mining system lets holders construct and improve digital rigs to earn rewards, making it the primary true mine-to-earn meme coin within the trade.
The PEPENODE ecosystem combines meme cash with digital mining, providing customers alternatives to earn, burn provide, and develop their rigs. With its revolutionary method, it’s rapidly changing into one of many best crypto presales of 2025.
Present Presale Stats of PepeNode
Present worth: $0.0010575
Quantity raised to this point: $1.15M
Ticker: PEPENODE
PEPENODE will supply customers up to 1396% in staking rewards. Purchases might be accomplished utilizing credit score or debit playing cards, in addition to cryptocurrency. Take a look at our information on how to buy PepeNode in order for you to be a part of the presale!
Disclaimer: Coinspeaker is dedicated to offering unbiased and clear reporting. This text goals to ship correct and well timed info however shouldn’t be taken as monetary or funding recommendation. Since market circumstances can change quickly, we encourage you to confirm info by yourself and seek the advice of with an expert earlier than making any selections based mostly on this content material.
Benjamin Godfrey is a blockchain fanatic and journalist who relishes writing about the true life functions of blockchain know-how and improvements to drive common acceptance and worldwide integration of the rising know-how. His need to educate folks about cryptocurrencies evokes his contributions to famend blockchain media and websites.
