SHIB and DOGE lead in futures as Bitcoin rally fuels market optimism
Amidst a Bitcoin-fueled rally, meme cryptocurrencies SHIB and DOGE have surged to the top of the open futures rankings, signaling a market shift towards riskier assets. Since the beginning of November, open interest in SHIB futures has jumped by 23% to $61.74 million, outpacing all other major cryptocurrencies. DOGE futures also saw a significant 14.6% […]
Shibarium community burns 97M Shiba Inu tokens; no impact on SHIB supply
Shiba Inu’s Layer-2 network, Shibarium, recently witnessed the burning of 97 million SHIB tokens. However, this event did not affect the total supply of SHIB. The inaugural token burn on Shibarium was carried out by Shib CoOp, a metaverse real estate project managed by the community. This marked a significant milestone for the network and […]
Shibarium network hits 3M transactions but SHIB and BONE tokens struggle
The Shibarium network, an integral part of the Shiba Inu [SHIB] ecosystem, has hit 3 million transactions, yet the SHIB and BONE tokens are experiencing declines. The Shibarium network, despite its transaction landmark, has seen a decrease in active accounts and daily new accounts over the past month. Shibarium had a total of 26,691 accounts […]
$33 million worth of Shiba Inu (SHIB) transfer by whale trader stirs crypto world
A colossal transfer of Shiba Inu (SHIB) tokens has been carried out by a deep-pocketed trader, sparking intrigue in the crypto community. As data from whale-surveying platform Whale Alert reveals, a so-called Shiba Inu ‘whale’ has abruptly shifted an astronomical 4,584,530,677,374 SHIB tokens, approximating to $33 million. This massive amount was moved out of Bitvavo, […]
Is Investing $100 Weekly In Shiba Inu Post-Ath Profitable?
An analysis reveals that Shiba Inu (SHIB) investors who started investing $100 weekly after its all-time high (ATH) in 2021 would be at a loss today. This is according to a report by Watcher Guru, published on Thursday. The Shiba Inu cryptocurrency, launched in August 2020, skyrocketed by a stunning 8862274% till October 2021. Early investors have reaped immense […]
Shiba Inu ecosystem sees surge in value as 9.2 Million SHIB tokens burned
In a recent update for the Shiba Inu ecosystem, the lead developer, Shytoshi Kusama, has confirmed the development of a burn portal. This announcement coincided with the burning of over 9.2 million SHIB tokens in the past 24 hours. The burn portal is currently in progress and is being developed by the Shibarium team. Kusama […]
Shiba Inu prices tumbles to Pre-Shibarium Levels
Following a brief post-Shibarium relaunch rally, Shiba Inu (SHIB) prices have retraced to their pre-Shibarium levels, losing nearly 10% of their value. On August 28, SHIB surged to $0.0000084 when Shibarium, a layer-2 solution for the Shiba Inu ecosystem, reopened its bridge. This increase in value was fueled by an uptick in demand, as data […]
Shiba Inu’s Shibarium Sees Explosive Growth with 500k wallets and $1.42M TVL
The Shiba Inu cryptocurrency, known as SHIB, has witnessed a surge in activity on its Layer two (L2) ecosystem called Shibarium. The number of addresses using Shibarium has almost reached 500,000, indicating impressive adoption within the Shiba Inu ecosystem. Despite a period of minimal traction, the recent hike in addresses and transactions has also impacted […]
Shiba Inu takes hit after Shibarium bridge restart — what’s happening?
The value of Shiba Inu tokens has seen a decline as the Shibarium mainnet bridge restarts operations. The Shibarium team reported that withdrawals from the bridge would experience longer processing times. According to an update from lead developer Shytoshi Kusama, the bridge is now functioning optimally, but digital assets such as SHIB, Leash, WETH, and […]