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TL;DR

SHIB is the Most Centralized?

According to a recent study conducted by Santiment, Shiba Inu’s top 10 wallets control a whopping 62% of the meme coin’s circulating supply.

The self-proclaimed Dogecoin-killers ranked first in that statistic, while the biggest stablecoin, USDT, came in second with 51.8%. Ethereum (ETH) is third, with its top 10 holders owning 49% of the supply, whereas PEPE is next with 39%.

SHIB might lead on this front, but that doesn’t necessarily mean that its investors and proponents should pop the champagne and celebrate. Controlling a significant portion of the supply contradicts the decentralized spirit of the crypto industry.

Additionally, this makes the asset more vulnerable to substantial price changes due to potential massive sell-offs or accumulation efforts.

“As a retail trader, it’s generally safer to hold coins with less supply held by the most elite whales. There is less risk of sudden dumps or price manipulation should an asset’s largest whales decide to exit their positions,” Santiment warned.SHIB Price Outlook

As of this writing, the price of the meme coin stands at around $0.00001159, which is a 3% decrease for the past day. Its market capitalization has slipped to just under $7 billion, making SHIB the 24th-biggest cryptocurrency in the entire market.

Essential metrics, however, suggest that the price may be gearing up for a renewed rally. In the last 24 hours, the Shiba Inu team and community have burned over 13.4 million tokens, representing a 4,000% increase compared to the figure observed on July 3.

The ultimate goal of the burning mechanism is to reduce the supply of SHIB and potentially increase the asset’s value through scarcity.

Next on the list is the decreased supply of Shiba Inu tokens on centralized exchanges. Over the past month, there has been an evident shift from such platforms toward self-custody methods, which reduces the immediate selling pressure.

Bitcoin may be breaking out—but don’t celebrate yet. Crypto analyst Cristian Chifoi warns that the current move is a deceptive setup likely to trap bullish traders before Bitcoin eventually surges toward $160,000. In his latest YouTube video titled “Bitcoin is breaking out! But why is it bad?”, Chifoi dismantles the optimism surrounding Bitcoin’s recent price action, arguing that this rally is not the start of a true bull run, but a temporary fakeout designed to mislead.

Don’t Trust The Bitcoin Pump

“From a technical standpoint, this could mean a real breakout, retest, and then continuation,” Chifoi admits. “But in my opinion, this is a false breakout which can get to a new shallow all-time high, maybe $113,000, maybe $120,000 until something like July 10 to 12—then we come back in this channel before July 20.” His thesis hinges on Bitcoin seasonality, a pattern he has explored in earlier videos, which suggests the real macro pivot will only arrive later in the month. “I’m more bullish from July 20 into the start of September,” he says.

Chifoi argues that retail traders are likely to pile in during the breakout retest phase, only to be shaken out as market makers use the liquidity to reverse the trend. “The majority of retail traders would go long here on a retest. The market makers will get their money,” he warns, predicting a trap that could drag Bitcoin down to levels near $97,000 before the real uptrend resumes.

His analysis extends beyond simple technicals. Chifoi points to macroeconomic sentiment and Fed policy as crucial context, particularly emphasizing that rate cuts would actually be a bearish signal—not bullish as commonly believed. “Rate cuts this year would not be bullish at all,” he insists. “It’s not Powell who decides, it’s the bond market who decides when the rate cuts should come… and when that is happening, it’s because they need to panic cut.”

Chifoi stresses that the best-case scenario for bulls is actually no rate cuts, at least for now. “Just keep the rates at 4.5% maybe until year end. If this happens, I’m 100% sure that the market will go higher and higher before this starts to happen.”

Beyond Bitcoin, Chifoi forecasts a synchronized move across the broader crypto market once the July 20 pivot takes place. He highlights Ethereum, XRP, DeFi tokens like CRV, and ISO-compliant coins such as IOTA, ADA, and Quant as potential beneficiaries. “Bitcoin would drag all the crypto space with it,” he says, adding that older players like Filecoin and Polkadot could also catch a bid.

Mid-Term Price Target

Looking further ahead, Chifoi describes the coming period as a “stablecoin super cycle,” with DeFi projects and yield-generating protocols positioned to gain the most from Wall Street’s hunger for yield. “In crypto, only DeFi projects get you yields,” he explains. “Wall Street is boiling up for yields.”

He also reaffirms his macro thesis that the current financial system is on track to be replaced, likening the transition to the 1930s move from gold to fiat. “After 100 years of this exact system, this should be replaced by another system with liquidity in it,” he says, envisioning a cryptographic banking future.

Despite the short-term turbulence he expects, Chifoi remains long-term bullish. His price target of $160,000 for Bitcoin by early September reflects a belief in accelerated expansion—fueled by seasonality, delayed policy pivots, and broader adoption.

In closing, Chifoi reminds his audience to zoom out and trust the high time frame signals. Referencing Bollinger Bands on the two-month chart, he notes the beginning of another expansion phase similar to late 2020. “After that, the bear market begins,” he cautions. But until then, the ride could be fast—and extremely volatile.

“The next time we cut [rates], it is a big deal and something is wrong,” he concludes. “For now, we just want the cuts going higher for longer.”

At press time, BTC traded at $108,848.

Today, July 4, 2025, total cryptocurrency market capitalization is taking a breath. Almost all of the top 100 assets, including the largest cryptocurrencies Bitcoin and Ethereum , are in the red. Meanwhile, two meme cryptos look particularly strong.

Top 100 cryptos are in red, these two meme coins outperform

NFT-linked meme coin Pudgy Penguins (PENGU) and Bonk (BONK) — one of the largest dog-themed meme cryptocurrencies — are almost unique top 100 cryptos that are in green today. Pudgy Penguins (PENGU) is surprisingly the best-performing asset in the category.CoinGecko">

PENGU price's overnight growth totals 4.5%. In a massive move, PENGU expanded weekly gains over 60% and exceeded $0.016.

Also, Bonk (BONK), a major dog-themed cryptocurrency with an active community, is in green. The BONK price added 0.6% and hit a local high at $0.00001635.

Other meme coins in the top 100 are far from demonstrating such gains. Shiba Inu lost 3.6% overnight and touched $0.00001136, while Dogecoin and Pepe are both down by 4.3%.

Net crypto capitalization sees large drop

Dogecoin , the largest meme cryptocurrency, reached $0.1631, setting a local low, while Pepe bottomed at $0.000009565.

Meanwhile, the aggregated capitalization of the cryptocurrency market sees far worse losses. In just 24 hours, crypto markets erased almost 5.5% of their value.

Bitcoin , the largest cryptocurrency, dropped by 1.5%, while Ethereum said farewell to 3% of its cap.

As of press time, Bitcoin is changing hands at $107,741, while Ethereum is sitting at $2,502 on low trading volume.

How ChatGPT helps analyze Bitcoin trends

ChatGPT is a generative AI model developed by OpenAI, built on the GPT‑4 architecture. It’s designed to generate human-like responses across a wide range of topics, using knowledge drawn from an enormous training set of text, books, code and online content.

When it comes to cryptocurrency, ChatGPT doesn’t have real-time access to Bitcoin price feeds or live market charts, but that doesn’t mean it’s useless for traders. With the right inputs — historical price data, sentiment indicators and technical metrics — ChatGPT becomes a powerful analytical tool.

It can help structure Bitcoin price forecasts, identify trends or even simulate crypto trading strategies when paired with the right data.

This is where ChatGPT Bitcoin analysis becomes useful. Its strength lies in interpreting context: combining past performance, technical indicators and market sentiment to support better decision-making.

Pepe , the frog-themed meme coin, has witnessed fluctuations in its price outlook within the last 48 hours. The meme coin, which shed one zero, has now reverted gaining gain as volatility hit the ecosystem amid a spike in selling pressure.

PEPE falls below key threshold

According to CoinMarketCap data, Pepe has added another zero in the last 24 hours as the price plunged by 10% following the massive sell-off on the broader market. As of press time, the PEPE price was changing hands at $0.000009658, representing an 8.58% decline from its previous value.PEPE Daily Price Chart | Source: CoinMarketCap">

Pepe’s performance had stunned the broader meme coin market as it soared to new highs. Notably, it peaked at $0.00001033 before profit-taking sentiment triggered sell pressure, resulting in rapid reversals.

This has also negatively impacted trading volume, as investors pulled back following the crash. Volume has declined by 47.41% to $751.56 million within the same time frame. This indicates very weak buying conviction among investors.

The massive drop in volume has dashed all hopes that PEPE could retest the price level that it achieved in May 2025. The frog-themed meme coin had soared to a high of $0.00001380 on the back of bullish sentiment some two months ago.

However, the current market has seen investors lean toward Bitcoin, whose dominance currently stands at 64.6%. This might explain the significant profit-taking move by market participants as they seek stability.

Can whales save PEPE’s price outlook?

Since May, when the Pepe price slipped, it has struggled to find stability above the $0.000010 level. The meme coin lost approximately 60% of its value relative to the all-time high (ATH) of $0.00002825 that it attained in December 2024. This made it one of the worst performers in the ecosystem in May.

Pepe’s poor performance might stand a chance at reversal if ecosystem whales stop dumping their holdings on exchanges. This action negatively impacts the price outlook due to increasing selling pressure. If these large holders opt to mop up a good volume of PEPE in circulation, the price might reverse.