U.S. rapper Robert Rihmeek Williams, known to fans as Meek Mill, announced that he was about to buy some Shiba Inu coins
After buying BTC and DOGE, the U.S. rapper Robert Rihmeek Williams, aka Meek Mill plans to buy some Shiba Inu coins.
Popular US rapper Meek Mill seems to be into Shiba Inu coins as he continues his foray into cryptocurrencies
Cryptocurrency and hip hop industry continue to intertwine as popular rapper Meek Mill plans to expand his portfolio with Shiba Inu. This happened right after he bought Bitcoin and Dogecoin.
The skyrocketing popularity of the meme coin, led by Dogecoin, has attracted the attention of many celebrities. This trend, perhaps started by Tesla CEO Elon Musk, continues to snowball and is now deeply connected to the US hip hop scene.
Robert Rihmeek Williams, better known by his stage name Meek Mill, hinted at his first crypto purchase in January of this year. Although he entered the game through a more traditional option like Bitcoin, he entered the coin meme craze in May by pointing out on Twitter:
I just grabbed some doge I’m tired of missing out
— Meek Mill (@MeekMill) May 4, 2021
During the weekend, the rapper highlighted plans to buy a portion of Dogecoin’s main competitor – Shiba Inu. As previously reported, the token is advertised as the “DOGE-killer,” and its popularity blossomed in recent months.
I’m about to buy some shiba inu coins ?
— Meek Mill (@MeekMill) May 23, 2021
The price of Shiba Inu surged in early May as the coin meme was pumping left and right. It went as high as $0.000038 per coin after being listed on Binance, and its market capitalization made it into the top 20 crypto assets by that metric.
However, the market-wide crash and, perhaps the bubble burst of most meme coins, has pushed it south to $0.00000825 as of this writing. That means SHIB has dropped 80% since its peak at the beginning of the month.
In addition to Meek Mill, other famous rappers have also shown an interest in the crypto industry. Soulja Boy asked around on Twitter in early January if he should invest in this space. He then revealed several purchases of various crypto assets.
Legendary West Coast artist Snoop Dogg joined the DOGE craze by tweeting about it. Most recently, the rapper celebrated April 20 with a funny video about the galactic theme.
Real Slim Shady (Eminem) also has its share of the industry. As recently reported, the hip-hop giant has announced an NFT collection called Shady Con after a partnership with Nifty Gateway.
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