Is ArbInu Dead? Crypto Whales are Accumulating This New Meme Coin as the Next Cryptocurrency to Explode

cryptonews.com:

Meme coins have risen to popularity following the 2021 crypto boom. 

Led by Dogecoin, meme tokens are some of the most widely accepted digital asset ecosystems due to their fun-filled themes and relatable ideology. 

However, the majority of these coins lack real-world utility. 

However, things are fast changing and a number of meme coins are used as tools for generating awareness around a blockchain network. 

One such is ArbInu which aims to introduce individuals to the Arbitrum ecosystem.

The token has leveraged the power of meme tokens and community-driven content creation to help create awareness about the layer-2 scaling solution as a whole.

Meanwhile, a new crypto project is pushing an entirely different narrative. 

Instead of being tied to an ecosystem, the Love Hate Inu project seeks to gather public feedback on trending issues around the world. 

Given its immense potential, Love Hate Inu has secured a major investment less than two months after its debut. 

At press time, the token sits at $0.001592 with a 6.07% increase over the past 24 hours indicating a promising uptrend.

The crypto asset stands at a 24-hour trading volume of $178,818 with a slight 6.80% downtrend in the past day. 

Although the meme token recorded a considerable downtrend from the past week, the uptrend looks promising for the token. 

Some feature unique to this Arbitrum network is a 1% burn of the 4% token tax to prevent and ensure a steady decrease in the tokens with time.

Here's the thing about meme coins, they have little to zero utility and are usually fun and community-driven. 

But the apparent lack of utility of these coins reduces their potential of having real-world value and usage. Coins like Dogecoin and a host of others fall into this category. 

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