Shiba Inu whales have been seen moving a large amount of SHIB on-chain once again. These movements come at a time when the price of the meme coin is on the rise, raising concerns about whether these large holders have decided to start selling their large stacks of coins. Shiba Inu Whales Start Moving Coins…
Recent data has revealed the crypto exchange with the highest trading volume of Shiba Inu, indicating an upward trajectory for the digital asset as the volume continues to surge in the crypto exchange. The crypto exchange that has propelled Shiba Inu’s growth lately is the leading cryptocurrency platform, Binance. Shiba Inu Volume Doubles On Binance…
The Shiba Inu burn initiative continues this week but with a drastic decline in volume. The latest figure which shows a decreased participation from investors could have long-running significant implications for the SHIB price. SHIB Burn Rate Drops From 7,700% Spike Over the last 24 hours, Shibburn has shown that the SHIB burn rate has…
A prominent Shiba Inu team member has come forward to shed light on the proper processes involved in burning the SHIB token. Shiba Inu Burn Process Demystified In a brief X (formerly Twitter) post on Thursday, Lucie, a popular Shiba Inu marketer provided a detailed guideline on how SHIB users and investors should burn their…
The cryptocurrency space is indeed full of surprises. Recently, an emerging meme coin called $MEME, which has no roadmap or utility has already raised over $11 million in its ongoing firesale. Memecoin (MEME) Achieves A Major Milestone With Firesale MEME is an Ethereum-based memecoin that operates under the ERC-20 network, with a total supply of…
The crypto market is constantly in motion; there is a potential shift in SHIB and its position in the nascent sector. An analyst presented a bullish case for PEPE, which could directly impact SHIB’s position in the meme coin market. As of this writing, PEPE has considerably outperformed SHIB and other memecoins. PEPE records a…
The Shiba Inu community burn rate has seen a significant decline over the last few days. The burn rate which had been on a tear earlier in the month started to recede and has fallen double-digits in the last 24 hours alone. Given that this burn initiative was implemented to reduce supply and increase the…
The Shiba Inu ecosystem has started out the new week on a particularly positive note. The burn rate, which is a community initiative to reduce the massive supply of the token, has seen a significant jump as the price of the meme coin has recovered. SHIB Burn Rises 233% A Monday report by Shiba Inu…
Just like the rest of the crypto market, the Shiba Inu price saw an uptrend at the start of the week before correcting back downward on Tuesday morning. However, this decline may point to the meme coin gearing up for another rally that could see it rise more than 400% and there are reasons why.…
Shiba Inu has seen an impressive recovery in its burn rate after recording a slow start to the week. The recent acceleration could suggest that investors are once again rousing and choosing to actively contribute to the reduction of supply which could lead to an increase in price. Shiba Inu Burn Rate Rises 627% Thursday,…