Shiba Inu bulls continue to struggle to hold on to gains from the last week despite losing their hold at the $0.00001 level. This shows a commitment to pushing the price of the meme coin even higher at a time when large cap altcoins are not really getting much attention. Given this, the SHIB price…
Shiba Inu has been going against the bearish trend recently, especially with the increased adoption of the Shibarium Layer 2 network. This time around, it is large holders who are driving the bullish return. Specifically, these large holders have increased their positive net flows by more than 10x. Shiba Inu Large Holder Netflow Jumps 1079%…
Shibarium, the Ethereum-based layer 2 blockchain solution from the Shiba Inu team, has achieved yet another major milestone, showcasing growing strength within the platform. Shiba Inu Shibarium’s Latest Important Milestone The Shiba Inu layer 2 platform has recently crossed a significant milestone in terms of total transactions processed as total transactions have increased dramatically over…
Shibarium, the Shiba Inu Ethereum Layer 2 network, has been ramping up in the last few weeks. The rapid rate of adoption has led to a rise in the number of transactions being carried out on the network on a daily basis, leading to a new milestone. Over 90 Million Transactions Carried Out On Shibarium…
Shibarium’s burning mechanism has been in the limelight of late, especially with the recent record of over 8 billion Shiba Inu tokens burnt in a single day. This burning mechanism seems to have undergone an update, which could further enhance its performance. Shibarium Undergoes Swift Hard Fork A screenshot containing a discord message from DaVinci…
The rise in the Shiba Inu burn rate has no doubt been one of the most notable developments in the community. At the start of the week, the burn rate rose over 7,000,000% after more than 8 billion tokens were burned in a 24-hour period. This trend has not slowed down either given that the…
The Shiba Inu community burn initiative may have just set a new record with the number of tokens burned in the last 24 hours. The community will undoubtedly be brimming with optimism as to the promising future of the meme coin and its ecosystem. Over 8 Billion Shiba Inu Burned In The Last 24 Hours According…
Popular blockchain project Shiba Inu has revealed a new era of token burns for its Ethereum-based layer 2 blockchain solution, Shibarium. Shiba Inu Unveils Latest Burning Mechanism On Monday, December 4, Shiba Inu announced a fresh set of burning techniques to increase the ecosystem token’s value. According to the announcement, the team described the new…
The entire crypto market has seen a steady increase in open interest (OI) over the last few months. But the Shiba Inu open interest seems to not have followed this trend as much as others. While there has been a huge jump in the open interest of the largest cryptocurrencies in the industry, Shiba Inu’s…
Shibarium has crossed a new milestone in the space of a few days. The layer-2 solution built for Shiba Inu’s ecosystem just saw transactions spike an astounding 4,400%, registering 748,230 transactions in the past 24 hours. Numbers like this demonstrate the sheer adoption rate of Shibarium, and investors are left wondering if high valuations for…