Shiba Inu Burn Rate Increases by 1,222% in Anticipation of Shibarium Rollout
As per the Shibburn tracking platform’s data, nearly 200,000,000 Shiba Inu have been transferred to “inferno” wallets in the past 24 hours. Notably, a single transfer resulted in the burning of 151 million SHIB. The increased SHIB burn rate has significantly impacted it, driving it up notably. Furthermore, over the mentioned time period, the price […]
Top Exchange Predicts a 165% Rally for Shiba Inu (SHIB)
Shiba Inu (SHIB) is currently being traded at a price of $0.000008486, experiencing a slight increase of approximately 0.24% in the 24-hour day trade. The price of SHIB has remained stagnant for over a week, showing minimal indications of a positive rally. Investor sentiment towards SHIB has largely turned negative as doubts about its prospects […]
Solana’s TVL Plummets Despite Developer Resilience
The Solana ecosystem is constantly evolving, with the focus shifting from decentralised exchanges (DEXs) and NFT markets to emerging consumer applications. Recent research by Messari has highlighted the increasing prominence of these consumer apps, indicating a shift in user preferences. Over the past six months, consumer apps have captured over 10% of the user share, […]
Over 15 Billion Shiba Inu Tokens Burned in May
Shiba Inu witnessed an extraordinary burn events in May 2023 as the SHIB Army burned over 15 billion SHIB tokens. Leading the pack as the top SHIB burner of the month was Blaze Token, with significant contributions from MARSWAP (MSWAP) and Coinbase 10. In a remarkable achievement, the Shiba Inu community permanently removed a total […]
What Could be Behind the 370% Increase in Shiba Inu’s Burning in May?
During the month of May 2023, a significant number of 15.36 billion Shiba Inu (SHIB) tokens were eliminated through burning. These burns were conducted through 191 transactions. Notably, the total number of burns in May was 370% higher compared to April 2023. In April, only 3.26 billion SHIB tokens were taken out of circulation. Despite […]
Ripple Whale Activity Surges – 100 Million Transferred to Binance and Bitstamp
Large holders of Ripple (XRP) and other major XRP investors are consistently moving millions of tokens. The most recent group of tokens was transferred to cryptocurrency exchanges Binance and Bitstamp just prior to the June escrow unlock event. Shortly before Ripple’s June release of 1 billion XRP tokens, two significant XRP whale addresses transferred around […]
Hong Kong Introduces Cryptocurrency Regulations, Unleashing New Opportunities for Web3 Platform INTOverse
The Hong Kong Securities and Futures Commission (SFC) has officially commenced the implementation of the “Guidelines for Virtual Asset Trading Platform Operators” as announced on June 1. As one of the world’s leading financial centers, these new regulations not only bring increased transparency and standardization to the cryptocurrency market but also create new opportunities for […]
Shopping Popular Brands Now Made Easy With Shiba Inu Through Cryptocom
Crypto.com, a prominent cryptocurrency exchange globally, has introduced a shopping function enabling users to buy products from over 150 well-known brands like Apple, Ray-Ban, and Nike. This feature accepts various popular cryptocurrencies, including Shiba Inu, as a form of payment. In a recent announcement, Crypto.com unveiled that customers can earn up to 10% in Pay […]
Shiba Inu Records Major Win with Shibarium Testnet
Highly anticipated Shiba Inu Shibarium layer-2 network has generated significant excitement this year. Despite facing development delays that pushed its launch into 2023, the network’s testnet, Puppynet, consistently achieves new milestones. According to data from puppyscan.shib.io, the Puppynet testnet has now surpassed 15 million transactions and has attracted over 16 million wallet addresses. This testnet […]
What Has Happened to Shiba Inu Since June 2022?
In the second quarter of 2023, Shiba Inu experienced a decline in trading activity, primarily due to decreased buying pressure. One of the main factors contributing to the significant drop in its price is the delayed launch of the Shibarium layer-2 network. Unlike the positive market sentiment observed in 2021 and early 2022, SHIB is […]