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In a riveting turn of events, amidst meme coins' turbulent price action witnessed in the past 24 hours, a whale has been recorded bagging colossal amounts of Pepe coin (PEPE) and Shiba Inu (SHIB) tokens, nabbing investor attention across the globe. On-chain insights reveal 199 billion PEPE and 37 billion SHIB were purchased recently, birthing
The recent recovery in the crypto market brings some altcoins in the buying range, with whales even starting to accumulate these before prices rally. On-chain data pointed out three altcoins witnessing massive whale activity — Cardano (ADA), Shiba Inu (SHIB), and JasmyCoin (JASMY).
Shytoshi Kusama, the mysterious lead developer of Shiba Inu (CRYPTO: SHIB), hinted at massive plans for the ecosystem while responding to Ethereum (CRYPTO: ETH) creator Vitalik Buterin's skepticism of projects lacking long-term ambitions. What Happened: Buterin took to social platform X to express displeasure with the mushrooming of celebrity memecoins lately.
In a remarkable turn of events, the Shiba Inu (SHIB) meme coin is in the spotlight due to a staggering increase in its token burn rate. According to Shibburn, the platform dedicated to tracking the incineration of SHIB tokens, the burn rate saw an astounding surge of nearly 3900% on Thursday, June 6.
Whale investors, known to move cryptocurrency markets with their moves, are showing significant interest in coins like Shiba Inu, Cardano, and the latest sensation, JasmyCoin. What Happened: Large transactions, worth at least $100,000, for each of these cryptocurrencies have more than doubled this week compared to the 2024 averages, according to on-chain analytics firm Santiment.
Amid the ongoing memecoin crazy a massive cryptocurrency investor has recently started heavily accumulating Shiba Inu ($SHIB), pouring millions onto the meme-inspired cryptocurrency to accumulate billions of tokens.
A lead developer of the doggy-themed meme coin, Shiba Inu has issued a critical warning to SHIB community members about an ongoing scam attack involving one of SHIB's native tokens, TREAT.
Crypto exchange Bybit recently released a report highlighting how much institutional investors have invested in meme coins such as Dogecoin and Shiba Inu. The platform revealed that these investors have been actively trading these meme coins since the start of the year and noted what specific meme coins they are currently holding.
Crypto whales have launched a Shiba Inu (SHIB) buying spree, pumping millions of dollars into the memecoin ecosystem. Whales Plunge Huge Funds Into SHIB Purchase Blockchain analytics platform Lookonchain identified nine wallets that purchased about $35.2 million worth of SHIB tokens.
A deep-pocketed entity who made $120 million on Shiba Inu (SHIB) is suddenly accumulating the memecoin again, according to on-chain data. The blockchain tracking firm Lookonchain reports that “a SHIB super big winner” just spent 4,849 Ethereum (ETH), worth $18.44 million at the time, to buy 715.9 billion SHIB.
Bitcoin remains stuck inside a range, but solid inflows into spot ETFs suggest investors anticipate an upside breakout.
A well-known meme coin enthusiast recently acquired a substantial amount of Shiba Inu (SHIB) tokens. This purchase, valued at approximately $10 million, highlights a significant investment trend within the volatile meme coin market.
Shytoshi Kusama, the lead developer of Shiba Inu, recently visited the Middle East, causing the Shib Army to speculate about possible developments for the meme coin.
Digital assets have recorded a turnaround this week with meme coins like SHIB showing bullish activities in the last 24 hours. The market gain cuts across top crypto assets, meme coins, and decentralized finance (DeFi) protocols.
The latest SHIB accumulation spree suggests the traders may be positioning for another speculative run on the popular meme coin.
The official marketing expert of the SHIB developer team, Lucie, has published two posts on her X account, both of which are notable and of major importance. One of them was Lucie's warning to those crypto community members who continue to show hatred and FUD (“fear, uncertainty, doubt”) against SHIB and Shibarium.
The Shiba Inu (SHIB) burn rate is again under the radar following a drastic decline in the number of tokens burned. This development is significant considering the impact that these token burns are known to have on the meme coin.
Both the Dogecoin and Shiba Inu prices have seen a bullish reversal in the last day, notching notable gains while at it. With no clear development from either camp as to what could be driving the recoveries, a broader market outlook might have the answer to it.
Shytoshi Kusama, a lead voice within the Shiba Inu ecosystem, has hinted at an upcoming project in response to recent comments made by Ethereum founder Vitalik Buterin. The latter criticized the current trend of celebrity tokens, such as Iggy Azalea's MOTHER, which recently gained significant attention on Solana.
Dog-themed cryptocurrency Shiba Inu (SHIB) has executed a surprising reversal, breaking past the Simple Moving Average (SMA) 50 at $0.0000245. This move was accompanied by a significant price jump of nearly 10%.
The last month has been marked by an uptick in Shiba Inu (SHIB) whale activity. However, this was not reflected in the price of the leading meme coin during that period.
After making over $120 million trading Shiba Inu (SHIB), one cryptocurrency trader has made another strong bet – this time spending more than $18 million to buy over 700 Shiba Inu in a matter of hours, reflecting increased confidence of SHIB whales in the meme crypto asset's future.
The Shiba Inu (SHIB) community has been put on high alert following a crucial warning about fraudulent airdrops. Despite the appeal of free tokens, SHIB holders are being cautioned that there are no official Shiba Inu airdrops to claim and that they should avoid connecting their wallets to any sites promising such rewards.
Shiba Inu (SHIB), one of the most popular memecoin in the cryptocurrency industry, has experienced significant gains recently. Riding the memecoin craze, SHIB has once again started to climb. Currently, SHIB is trading at $0.00002616, reflecting a 9.53% increase in the last 24 hours, making its investors happy.
