Shiba Inu suffers a $2.4 million hack on its Shibarium network, and Dogecoin prepares for the launch of its first ETF. While these events create uncertainty for meme coins, a new altcoin is gaining attention for real-world use and adoption.
This emerging token is called Remittix (RTX). It focuses on cross-border payments and PayFi solutions, offering practical value beyond speculation.
Shiba Inu is currently priced at $0.0000129 and is facing a tough week after its Shibarium layer-2 network suffered a $2.4 million hack. The attack happened when malicious actors accessed validator signing keys and used a flash loan to buy 4.6 million BONE tokens. This gave them majority validator power and allowed them to move funds out of the bridge. In response, Shibarium paused stake and unstake functions and moved funds to a multisig-controlled hardware wallet.
K9 Finance, the protocol behind the bridge, has offered a 5 Ether ($23,000) bounty to the attacker, urging the return of stolen assets. The bounty will decrease in seven days if unclaimed and remain live for 30 days. Shiba Inu developer Kaal Dhairya said that authorities have been contacted, and the team is working with security firms, including Hexens, Seal 911, and PeckShield, to restore security. SHIB dropped 7% from $0.0000145 to $0.0000131, K9 Finance fell 10%, and BONE tumbled 38% in price since the hack.
Dogecoin is trading at $0.26365 as excitement builds over the upcoming Dogecoin ETF. Originally scheduled for September 12, the launch was delayed due to regulatory and administrative reasons, but it is now set to go live this week. Bloomberg analyst Eric Balchunas confirmed that the DOJE ETF will launch on Thursday, alongside a spot XRP ETF (XRPR).
Institutional adoption of DOGE is also rising. CleanCore Solutions announced it purchased 100 million Dogecoin, bringing its total holdings to 600 million. However, meme coin whales have been selling off. Over 680 million DOGE have been offloaded in the past four days, as the token failed to flip $0.3 from resistance into support. Investors are closely watching these moves, especially as altcoin season heats up and low-cap coins may see strong returns. Maxi Doge is also gaining attention ahead of its upcoming exchange listing.
While meme coins face volatility, Remittix (RTX) has emerged as the top-ranked pre-launch token by CertiK, attracting both retail and institutional attention. Unlike speculative meme coins, RTX is built for real-world adoption in cross-border payments and the PayFi sector. Some features include:
This week shows a clear contrast in crypto markets. Shiba Inu struggles to regain trust after the $2.4M Shibarium hack, and Dogecoin faces pressure despite institutional interest ahead of its ETF launch. Meanwhile, Remittix continues to gain momentum, with solid adoption metrics, exchange listings, and a functioning referral program. For investors seeking utility-driven growth and potential high returns, RTX is emerging as a strong choice amid the volatility of meme coins and altcoins.
