Shiba Inu Whale Accumulates 261 Billion Shib Tokens In Just Three Days

A top SHIB whale added $1.18 million worth of Shiba Inu within 24 hours. Data from Etherscan.io reveals that this whale ranked as the nineteenth largest SHIB holder accumulating 140 Billion SHIB. The whale acquired the SHIB tokens in two separate transactions marking its second massive accumulation within 72 hours. SHIB Token Burns And Shibarium [...]

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Shiba Inu Teaser: What’s Cooking? Peep Inside This Shibarium Video

Lucie Sasnikova, a prominent member of Shiba Inu, just released a teaser that alludes to a major announcement soon. As the community eagerly anticipates the scaling protocol’s mainnet deployment, the meme token ecosystem has heated up. On July 24, Sasnikova wrote, “We are cooking something,” along with a GIF that featured Shibarium’s logo. As usual, […]

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Shiba Inu Team Sparks Interest With Another Eye-Catching Collaboration

Shiba Inu’s prominent member Lucie Sasnikova dropped a major teaser hinting at a potential collaboration with Vodka beverage brand ROCK’N. Her tweet was subsequently retweeted by project lead Shytoshi Kusama. Community reactions were mixed. Some SHIB supporters were pleasantly amused and got inventive proposing quirky names like “It Should Be Shibodka!”, “SHIBQUILA for me, please! […]

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Shiba Inus Vigorous Push For Spot ETF At Grayscale

Ramping up efforts, Shiba Inu team members have put up a change petition to gather community support for a spot SHIB ETF at Grayscale Investments. Addressing the CEO of Grayscale, Michael Sonnenshein, the petition asserted that an ETF would simplify for a broader audience the process of investing in SHIB, removing the hurdles associated with direct purchases […]

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Shiba Inu: Shibarium Transaction Activity Spike Amid Market Growth

Shiba Inu layer 2 blockchain platform Shibarium, has witnessed a notable surge in transaction activity carried out on the platform, with its daily transaction performance reaching a new monthly high. Shibarium Daily Transactions Skyrocket The number of transactions on the layer 2 blockchain has skyrocketed since Shibarium was introduced, surpassing multiple noteworthy benchmarks. Recent data from Shibariumscan has revealed an uptick in daily transactions, soaring to about 3 million. Related Reading: Shiba Inu Ecosystem Soars: Shibarium Hits Crucial Milestone The rise in daily transactions to the coveted 3 million milestone marks the highest the network has seen this month. This comes weeks after the number of daily transactions on the network plummeted to about 1.07 million. Consequently, the notable rise showcases how quickly Shibarium has spread and gained widespread recognition in the past few weeks. This appears to be a significant development. However, it is still below the highest level it recorded in December.  Shibarium has seen large increases in network activity before when its daily transactions reached a peak of around 7.5 million. After crossing the 7 million mark, it managed to maintain above this level for a month before dropping by almost 50% in January.  Data from the Shibarium tracker also shows that the network has reached a major milestone in its overall transactions. According to Shibariumscan, the total number of transactions recorded on the platform since its launch has surpassed 357 million. It is worth noting that Shibarium’s performance goes beyond the network’s transactions. There have been over 3.27 million blocks processed on the blockchain, suggesting a crucial increase in demand for scalable features. Furthermore, the overall number of interacting wallet addresses recorded in the network has now crossed 1.35 million. In addition, the network utilization is up by over 51%, indicating an increase in adoption. Due to this sharp rise in Shibarium network activity, investors’ interest in Shiba Inu is expected to increase. Hence, it buttresses all other projects and crypto assets in the SHIB ecosystem. Shiba Inu Team To Burn Top Shibarium Tokens  Lucie, Shiba Inu’s head of marketing, has revealed the team’s plan to burn SHIB and several other top Shibarium tokens. She took to the X platform to share the development with the SHIB community. Related Reading: Shiba Inu Team Teases Next Big Thing As Big Money Eyes SHIB Lucie noted that funds made from the sale of the new NFT collection Shiboshis will be used to burn the tokens. These include Shiba Inu (SHIB), Bone ShibaSwap (BONE), LEASH, TREAT, and SHI. Specifically, any Shiboshis that the holders fail to claim will be sent to Uniswap for sale. Then, the Shiba Inu team will use 10% of the total realized funds from those sales to burn the tokens. 4% of the funds will be set aside to burn BONE, LEASH, TREAT, and SHI, while 6% will be used to burn SHIB. Featured image from iStock, chart from Tradingview.com

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Shiba Inu Name Echoes Across 41,300 ConversationsWhats The Buzz?

Shiba Inu (SHIB) has piqued the interest of crypto aficionados this week, with its price rising by more than 60% as part of the broader cryptocurrency market rally. SHIB, the second-largest meme coin by market capitalization, is now trading at approximately $0.00002803 with a 24-hour trading volume of $5.69 billion. This steep surge inspired a [...]

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Shiba Inu Team’s Marketing Pro Envisions Memecoin Igniting Next Bull Run

Lucie Sasnikova, a well-known SHIB influencer, predicted that Shiba Inu would soon break records and teased the arrival of even more exciting news. The timing is critical because there are only a few days left until the Shibarium mainnet reveal, even though the team member did not make any specific mention. Since multiple innovations are […]

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