Shiba Inu is one of the meme coins that has managed to maintain its popularity in the crypto market as its community remains committed to reducing the circulating supply of the asset. To this end, there has been a significant increase in the SHIB burn rate recorded over the last 24 hours. However, the SHIB…
Shiba Inu (SHIB), a dog-themed cryptocurrency, has recently made headlines with significant growth in the second quarter of the year, as indicated by the daily number of new addresses according to the blockchain analytics platform, IntoTheBlock. This development implies a surge in market interest for Shiba Inu, despite its challenges during the same period, the…
The recent surge in the Shiba Inu token burn has impacted the SHIB market again. Within 24 hours, over 341 million SHIB tokens were destroyed, sending the burn rate skyrocketing by roughly 6,936%. This development has bolstered the price of the popular meme coin as it continues an upward trajectory. The Shiba Inu community, affectionately…
Shiba Inu has been able to reclaim its position as the 14th largest cryptocurrency in the market following a tremendous run. The meme coin has mirrored the general market sentiment and has been able to embark on an upward rally that has seen it rise double-digits in the last two days. The recovery in SHIB’s…
In an exciting development for the Shiba Inu community, the top developer working behind the scenes has unveiled another project before the launch of Shibarium. The lead developer introduced their newest innovation, ‘Shibacals,’ bringing them one step closer to their ambitious vision. Shiba Inu enthusiasts and investors can anticipate even greater possibilities with this new…
The bustling realm of cryptocurrencies is abuzz with a major development centered around Shiba Inu (SHIB). This news broke as Lookonchain, an on-chain analyst platform, reported a transaction involving a significant accumulation of Shiba Inu tokens by a major holder. This transaction took place on notable exchanges such as Binance and Coinbase and has made waves…
Shiba Inu (SHIB) has been experiencing a sustained downtrend, coinciding with the broader weakening of the market in recent times. In the past 24 hours, the meme-coin has seen a decline of nearly 4% on its chart. Looking at the weekly chart, SHIB has depreciated by 6%. The technical analysis of SHIB reflects a prevailing…
Shiba Inu (SHIB) appears to be refueling its engines following a recent downturn. As the crypto community collectively holds its breath, the dog-inspired cryptocurrency could skyrocket to major highs sooner than expected. The latest catalyst propelling SHIB’s resurgence is a leap into the Metaverse. On June 6, the Shiba Inu Metaverse division unveiled its impending…
The Shiba Inu community burnt over 15 billion SHIB tokens in May 2023, showing their commitment to reducing the circulating supply. The intention of such burns is to reduce the total supply of the coin from market Blaze Token is the top SHIB burner of the month, with MARSWAP (MSWAP) and Coinbase 10 among the…
Shiba Inu (SHIB), the popular meme-inspired cryptocurrency, has witnessed a remarkable surge in network activity as it recently recorded an unprecedented number of new addresses. According to data shared by prominent analyst Ali Charts, 2,538 new SHIB addresses were created on May 26, marking the highest increase in three months. This surge in address creation…