Browsing:SHIB

The Layer-2 network known as Shibarium has achieved a remarkable feat
20 hours ago 1 min read

Shibarium Achieves Impressive Milestone: Is a Shiba Inu (SHIB) Price Surge on the Horizon?

The Layer-2 network known as Shibarium has achieved a remarkable feat, processing over three million transactions in less than a month. The Shiba Inu team has hinted at upcoming developments that are taking place “behind closed doors.” These developments are expected to further demonstrate Shibarium’s strength and stability in the near future. Shibarium’s Rapid User Adoption Following some initial launch challenges, the network has shown significant improvements in various key metrics. In the first week after the relaunch, the protocol saw engagement from over one million wallets, and this number has now grown to 1.25 million, as per the latest

The Shiba Inu (SHIB) network has been buzzing with activity as $115 million worth of SHIB has been shuffled around by large holders
2 weeks ago 1 min read

Whales Move $115 Million in Shiba Inu (SHIB)

The Shiba Inu (SHIB) network has been buzzing with activity, as a $115 million worth of SHIB has been shuffled around by large holders. This surge in whale transactions, amounting to a 5x increase, has caught the attention of the crypto community. However, what’s perplexing is that this significant whale activity has not translated into a corresponding surge in SHIB’s price. As of the latest data, SHIB is trading at $0.00000723, showing a consistent downward trend. The key question here is: What is causing this noticeable disconnect between whale activity and price movement? Let’s delve into some possible explanations. One

Shibarium Surges Past 1 Million Wallets in Growth Spurt, SHIB Yet to Follow Suit
3 weeks ago 1 min read

Shibarium Reaches 1 Million Wallets in Rapid Expansion

Shiba Inu’s layer-2 blockchain, the Shibarium network, has witnessed a remarkable feat by surpassing the 1 million wallet mark. This achievement, marked as a significant milestone, comes as a testament to Shibarium’s rapid growth since its relaunch. The official Shibarium team proudly announced this milestone in a blog post dated September 3. It’s worth noting that this achievement was reached shortly after Shibarium’s relaunch on August 28. In just two weeks since the network’s initial launch, it has managed to add at least 900,000 new wallets. However, it wasn’t without its share of initial technical challenges. Data from the Shibarium

Shiba Inu's Shibarium Layer 2
1 month ago 1 min read

Shiba Inu’s Shibarium Gains Bullish Momentum: Will This Send SHIB Price to the Moon?

The Shiba Inu community is abuzz with anticipation as Lucie, the Chief Marketing Strategist for Shiba Inu, takes to Twitter to unveil pivotal details about the imminent launch of Shibarium’s Layer 2 solution. This announcement has sent ripples of excitement through the Shiba Inu ecosystem, promising transformative enhancements that are set to reshape the blockchain experience for its users. Lucie’s Twitter thread on a Sunday morning served as a revelation, casting a spotlight on Shibarium’s Layer 2 and its game-changing attributes. This innovative solution is poised to redefine the Shiba Inu blockchain experience by introducing features like ultra-low transaction fees,

A staggering 478 billion Shiba Inu (SHIB) tokens are making waves on the network
1 month ago 2 mins read

Almost 500 Billion Shiba Inu (SHIB) Tokens Transfer to Coinbase Exchange

A staggering 478 billion Shiba Inu (SHIB) tokens are making waves on the network, poised to make a significant entry into the renowned crypto exchange, Coinbase. This intriguing saga unfolds with the emergence of an anonymous whale whose strategic maneuvers have captivated the crypto community’s attention. The enigmatic journey commences with an unidentified whale residing at the address 0x37826510484bAe7E797B910f62094F95c263Fc35. This shadowy figure shrouded in mystery, embarked on a meticulous journey to amass SHIB tokens in various quantities, ranging from modest batches to substantial hoards. The sheer scale of this accumulation ignited curiosity within crypto circles, setting the stage for what

Shiba Inu Token's 130%+ Spike in Burning Rate Commands Attention
2 months ago 1 min read

Shiba Inu Token Burn Rate Skyrockets Over 130%

Shiba Inu has witnessed a remarkable surge in its burn rate, surpassing a staggering 145%. The recent surge in burn activity has grabbed the attention of cryptocurrency enthusiasts and investors alike. This article delves into the recent developments surrounding Shiba Inu’s burn rate increase and its implications for the cryptocurrency’s value. Over the span of 24 hours, Shiburn, the designated burning mechanism for Shiba Inu, has executed a substantial burn of 92 million SHIB tokens. These tokens have been meticulously transferred to “inferno” wallets, effectively taking them out of circulation permanently. Of particular note is a substantial single transaction involving

Shiba Inu's Latest Feature May Shift Meme Exit Coin Perception
2 months ago 1 min read

Shiba Inu Unveils New Feature: A Potential Shift Away from Meme Exit Coin?

Shiba Inu, the popular meme coin that garnered attention following the footsteps of Dogecoin (DOGE), is making strategic moves to solidify its position in the ever-evolving cryptocurrency landscape. In a recent development, Shiba Inu announced plans to introduce digital identity services across its upcoming projects, including the highly anticipated Shibarium layer 2 blockchain. This innovative step aims to enhance trust, bolster user engagement, and propel Shiba Inu toward becoming a significant player in the world of decentralized finance (DeFi). A Shiba Inu developer highlighted the forthcoming integration of digital identity services into all future Shiba Inu ventures, setting the stage

Shiba Inu continues to hold a prominent position
2 months ago 2 mins read

12% of Top Ethereum Whales Now Hold Shiba Inu Token

Shiba Inu, the meme-inspired cryptocurrency, has consistently remained a favorite among the largest Ethereum whales, and recent data shows that this sentiment remains unchanged. In the portfolios of the top 100 Ethereum whales, Shiba Inu continues to hold a prominent position, demonstrating its appeal as an investment choice in the crypto world. While stablecoins dominate these investors’ holdings, Shiba Inu stands out as the leading non-stablecoin token, solidifying its position as a significant player in the market. The top 100 Ethereum whales represent some of the most significant players in the crypto space. These investors not only hold substantial amounts

Shiba Inu (SHIB) whale has made a move by transferring 4 trillion SHIB
2 months ago 1 min read

Shiba Inu Largest Whale Transfers 4 Trillion of SHIB Tokens Worth $29.8M to 8 Addresses

A colossal whale, believed to be the largest holder of Shiba Inu ($SHIB) tokens, has made a significant move by transferring 4 trillion SHIB, valued at $29.8 million, to eight newly-created addresses. This activity has captured the attention of crypto enthusiasts, as it marks the whale’s first substantial transaction in over 600 days. According to data from the on-chain analytics platform Lookonchain, the whale, who previously acquired 103.33 trillion SHIB, made a purchase using 38 Ethereum (ETH) worth around $14,000. Subsequently, the whale sold approximately 603 billion SHIB for about 2,411 ETH, valuing the transaction at $9.6 million. The profits

Akai Token transferred 804 million Shiba Inu tokens to a dead wallet
2 months ago 1 min read

Shiba Inu Burn Rate Soars 8,900% Due to Akai Token’s Destruction of 804 Million $SHIB

The burn rate of Shiba Inu ($SHIB), a meme-inspired cryptocurrency, has experienced a significant surge following a historic burning frenzy initiated by Akai Token ($AKAI). Akai Token’s recent move involved transferring 804 million tokens to a dead wallet, resulting in a remarkable 8,900% increase in the burn rate within a 24-hour period. Akai Token’s token burn event began with a relatively small transaction of just over 310,000 SHIB tokens. This was followed by an impressive sequence of over 100 individual transactions, resulting in the transfer of a staggering 800 million tokens. The Akai Token project incorporates a 4% levy on

Shibarium is proving its capacity to handle a substantial volume
3 months ago 1 min read

Shiba Inu’s Shibarium Puppynet Surpasses 25 Million Transactions, Gains Momentum in the SHIB Community

Shiba Inu’s Shibarium Puppynet, the beta version of the highly anticipated Shibarium platform, has captured the attention of the SHIB Army and the broader Shiba community. With impressive milestones achieved, including surpassing 25 million transactions, Shibarium is proving its capacity to handle a substantial volume of daily transactions and establish itself as a reliable blockchain platform. Puppynet’s achievement of over 25 million transactions is a remarkable milestone for Shibarium. The platform has demonstrated its capability to facilitate a high volume of transactions, averaging an impressive 273,805 transactions per day. This milestone highlights Shibarium’s scalability and efficiency in handling blockchain operations.

A massive 2.21 trillion SHIB tokens were involved in large transactions
3 months ago 1 min read

Whales Move 2.21 Trillion SHIB Tokens in Wallets

Shiba Inu (SHIB) has experienced a significant surge in its large transaction volume, reaching a seven-day high, according to data from IntoTheBlock. In the past 24 hours alone, a massive 2.21 trillion SHIB tokens were involved in large transactions, marking the highest volume seen in the last seven days. This metric, provided by IntoTheBlock, offers insights into the overall amount transacted by whales and institutional participants in a given day. Large transactions are classified as transfers involving more than $100,000. Over the past 24 hours, SHIB’s large transaction volume has surged by 43.72%. The impact of these substantial whale transactions

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