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Shiba Inu (SHIB) token burn rate surged by 3010% on June 12, resulting in 232 million tokens being burned, a notable rise during the market downturn. Unprecedented SHIB Burn Rate Increase The Shiba Inu (SHIB) meme coin has had a notable spike in its token burn rate during the current bearish trend.
A Change.org petition advocating for a Shiba Inu (SHIB) Exchange-Traded Fund (ETF) has surpassed 10,500 signatures, highlighting strong community support for expanding cryptocurrency investment options. Petition for Shiba Inu (SHIB) ETF Surpasses 10,500 Signatures, Reflecting Strong Community Demand According to CoinGape, the number of signatures supporting the Shiba Inu ETF petition on Change.org has now surpassed 10,500.
DEXTools, a leading decentralized finance (DeFi) analytics platform, has announced the integration of ShibaSwap, the decentralized exchange (DEX) of cryptocurrency Shiba Inu (SHIB). This strategic collaboration, unveiled on Wednesday, marks a significant step forward for ShibaSwap by providing its users with sophisticated analytics and real-time trading data.
Shiba Inu has experienced a 15.17% drop, with key support levels under test.
Shiba Inu price plunged below the $0.000022 mark on June 12, it lowest in 40-days, long-term holders' reaction could further delay a SHIB rebound phase.
As the cryptocurrency correction accelerates, meme coins are among the worst sufferers yet again thanks to being highly volatile. Traders of meme coins faced an eight-digit liquidation wave in the last 24 hours.
The Shibburn tracking platform has shared that an astounding number of SHIB meme coins has been transferred to dead-end wallets, this time it was several hundred million of them.
If Bitcoin (CRYPTO: BTC) spot ETFs can gobble upwards of $15 billion in inflows, and Ethereum (CRYPTO: ETH) spot ETFs are set to open for trading soon, why should Shiba Inu (CRYPTO: SHIB) stay behind? What
DexTools, a decentralized finance (DeFi) platform for cryptocurrency traders, has added support for Shiba Inu's ShibaSwap, according to a Wednesday announcement.
During the prevailing bearish trend, the Shiba Inu (SHIB) meme coin has witnessed a remarkable increase in its token burn rate. Data from Shibburn, a platform that monitors the burning of SHIB tokens, shows a surge of nearly 3010% on Wednesday, June 12.
A whale recently acquired 600 billion Shiba Inu coins from Robinhood, stirring market optimism for a price rally despite SHIBs recent sluggish performance. SHIB Purchase from Robinhood Fuels Optimism Amid Market Downturn According to CoinGape, the recent sluggish movement of the SHIB price near the $0.000022 level, a whale has seized a staggering 600 Billion coins from Robinhood, which has fueled optimism regarding future movements.
With the approval of Spot Ethereum ETFs by the United States Securities and Exchange Commission (SEC), the Shiba Inu community have continued to push for a SHIB ETF. The latest development in this effort is a petition to leading Crypto ETF issuer, Grayscale, to launch a Shiba Inu ETF.
The low demand for SHIB's price has put downward pressure on its price.
Bitcoin surged above $70,000 yesterday once again, driving the hopes and dreams of the cryptocurrency market up. However, things have changed very rapidly as the selling pressure spiked, leading to a drop below $69,000 for the digital gold.
There is an ongoing petition for the introduction of a Shiba Inu (SHIB) Exchange Traded Fund (ETF) and so far it has received 10,596 signatures. The Shiba Inu ETF Push The petition was launched on Change.org, requesting that Grayscale Investments' former CEO Michael Sonnenshein consider pursuing a SHIB ETF.
Meme coins remain a major force in the cryptocurrency market and drive major trading volume, according to a new research report. What Happened: The Coinmetrics report highlights that meme coins, including popular tokens like Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB), have garnered substantial attention, achieving $13 billion in trading volumes over a seven-day period in March.
Shiba Inu: On June 11th, the cryptocurrency market witnessed a sudden sell-off likely influenced by investors' uncertainty toward upcoming U.S. CPI data. The leading digital asset Bitcoin tumbled 3.62% to reach $66875 while Ethereum coin plunged 5% to hit $3480.
SHIB Army's digital bonfire takes 7M SHIB out of circulation, but is it enough to overcome severe market conditions?
The recent performance of meme coins has sparked a debate among crypto experts about whether they can maintain their popularity and achieve long-term growth without significant innovation. What Happened: Meme coins have not performed as well as during the first quarter of the year.
Shiba Inu's (SHIB) price continues to show a drawdown in response to rapidly developing bearish market conditions.
Meme coins have taken a beating following the market-wide downturn led by Bitcoin selling off below the $67,000 mark. What Happened: CoinGecko data shows a 7.5% drop in the market capitalization of meme coins over the past 24 hours.
Despite an attempt at making higher highs in early June, momentum has shifted in favour of sellers. Key Support levels: $0.000018 Key Resistance levels: $0.000025 1.
Analytics X account @OnchainDataNerd has spotted several large crypto transactions, which have moved cumulatively more than four trillion SHIB to major U.S. exchange Coinbase.
With the dull performance of the Shiba Inu network on the weekend and Monday, we are finally seeing some resurgence, with the activity of whales ascending. Almost eight trillion Shiba Inu were transacted between various entities.
