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Self-proclaimed ‘Dogecoin (CRYPTO: DOGE) killer' Shiba Inu (CRYPTO: SHIB), experienced a significant uptick in its token burn rate, surging by over 400% in just 24 hours. What Happened: The increase in burn rate corresponds to a removal of 18 million SHIB tokens from the circulating supply, Shibburn, a Shiba Inu burn rate tracker reported.
Shiba Inu on-chain analysis explores how an unusual increase in new user transactions could drive up SHIB orce in the coming days.
Shiba Inu, one of the most popular meme coins built atop the Ethereum blockchain, once again echoed a sense of frenzy across the broader crypto market on Friday, following a colossal upswing marked in the token's burn rate. Notably, according to the data unveiled by Shibburn, a roughly 400% surge in the meme coin's burn
Shiba Inu Ecosystem tokens ride the bullish wave as massive Ethereum whales splash millions on SHIB and BONE.
The Shiba Inu burn rate is not slowing down, especially now that the SHIB team has officially joined the effort. This participation from the Shiba Inu team has led to some of the largest daily SHIB burns that have been recorded since the burn initiative started.
Investors ought to remain cautious with meme tokens in 2024, despite their impressive relative performance in recent months.
Almost all coins are rising today, according to CoinMarketCap.
Pseudonymous developer Shytoshi Kusama has just unveiled plans to launch a special Top-Level Domain (TLD), the last part of a web address after the dot, for the Shiba Inu (SHIB) ecosystem. In a series of tweets on social media platform X, Kusama says domains are significant as the identity layer of the internet.
According to data shared by blockchain sleuth @lookonchain, a fresh whale wallet has bought a massive lump of meme coins — 136.86 billion SHIB in total. This amount of Shiba Inu is evaluated at approximately $1.38 million.
A widely followed crypto analyst and trader is expressing bullish sentiment on a low-cap memecoin. The analyst pseudonymously known as Bluntz tells his 236,000 followers on the X social media platform that it is “clear as day” that the Solana-based memecoin dogwifhat (WIF) is currently undergoing accumulation.
The digital currency ecosystem has made history as the United States Securities and Exchange Commission (SEC) has greenlit a spot Bitcoin Exchange Traded Fund (ETF) for trading. With this approval, many aspects of the crypto ecosystem are expected to see rejuvenation; however, data from Shibarium shows that interest in the Shiba Inu scaling solution is diminishing at a fast pace.
Shiba Inu (SHIB) has made a significant stride by erasing another zero from its trading value. The meme-inspired cryptocurrency has witnessed a notable surge in its price, now standing at $0.00001003.
Reports surfaced about an unexpected event in the Shiba Inu (SHIB) market, involving a mysterious figure making substantial moves.
Alongside this, the approval of Bitcoin spot ETFs adds curiosity about where SHIB's price might go next and whether it will be influenced by overall market trends. Shiba Inu (SHIB) Technical Analysis and Price Trends Shiba Inu's recent journey from a descending resistance trend line, experienced since August 2022, to a low of $0.0000054 in June 2023, has been marked by significant developments.
Cryptocurrency whales have accumulated more than 1.44 trillion tokens of the meme-inspired cryptocurrency Shiba Inu ($SHIB) in just two days after withdrawing these funds from leading cryptocurrency trading platform Binance. According to data shared by on-chain analysis service Lookonchain, a cryptocurrency wallet withdrew $13.36 million worth of the meme-inspired cryptocurrency and $1.
Shytoshi Kusama unfolds a masterplan to bridge the gap between Web3 and traditional web.
Here are three cryptos that may look attractive as speculative investments, but are far from investment grade, by any measure.
The Shiba Inu (SHIB) price created a bullish candlestick on January 8, saving a breakdown from a minor horizontal support area.
The Shiba Insu Project and Its Native Token SHIB The Shiba Inu (SHIB) project is a community-driven cryptocurrency ecosystem inspired by the popular Shiba Inu dog meme. Launched in August 2020, it rode the wave of Dogecoin's meme-coin success and quickly amassed a large and active community.
The Shiba Inu team's official marketing lead, who calls herself Lucie, took to X/Twitter in response to numerous messages, in which the SHIB community keeps asking Lucie and members of the development team about new listings of Shibarium gas token BONE.
AMBCrypto's assessment of SHIB shows that more tokens are being HODLed. The post What SHIB's recent volatility tells us about its future appeared first on AMBCrypto.
Ethereum-based memecoin Shiba Inu (SHIB) has once again garnered the attention of the crypto community as the altcoin has witnessed a massive whale accumulation leaving the community to ponder on the reason behind the whale accumulation. Shiba Inu Whale Amassed 1.44 Trillion SHIB Recent data from crypto analytics firm Lookonchain has revealed that new buyers are stacking Shiba Inu on Binance and Gate.io.
Shiba Inu is struggling to stay buoyant on Wednesday after volatility spiked due to fake spot Bitcoin exchange-traded fund (ETF) news. Most altcoins including SHIB continued with the retreat from Monday, unaffected by the Bitcoin price brief move above $47,000.
Shibburn burn tracking platform that accumulates data from Etherscan and then publishes it on its website has noticed an astonishing number of SHIB destroyed in a single transaction, pushing the burn rate up by 27,510%.
