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Shiba Inu (SHIB) witnesses a decline in whale activity as the whale transaction count drops drastically amid consolidation above the $0.000008 mark. The recent decline persists despite a slight uptick in the 24-hour burn rate. Per data provided by the market intelligence platform Santiment, whale transactions involving Shiba Inu tokens worth at least $100,000 have been low over the past four weeks. Although these transactions have not recorded substantial drops within this timeframe, they remain at the lower spectrum, with a current 24-hour count of 12. SHIB price and whale transactions | Source: Santiment In addition, SHIB whale transactions valued at $1 million or more have observed a similar unfavorable trend with a more discouraging pattern. Notably, these transactions worth at least $1 million have declined since the market witnessed noticeable spikes in mid-July. You might also like: Shiba inu (SHIB) burn rate soars 393% despite recent drop It’s important to not

Shiba Inu, a notable meme coin and the second-largest in the cryptocurrency space, has become well-recognized within the community. The team behind SHIB has shown dedication to its growth, exemplified by initiatives like the Shiba Inu Burn program. The Shiba Inu burn rate has garnered attention due to its fluctuating patterns. Some days experience significant increases, while others show a decline. Nevertheless, in recent times, the burn rate has maintained a relatively steady pace, with millions of SHIB tokens being burn ed on a daily basis. Also read: Shiba Inu Price Prediction (SHIB): July End 2023 According to the latest details from Shib burn ’s Twitter account, the burn numbers have gone down to 268,198,181 SHIB in the last seven days. In the last 7 days, there have been a total of 268,198,181 $SHIB tokens burn ed and 107 transactions. pic.twitter.com/b2rQuzHxSE — Shibburn (@shibburn) July 30, 2023 Shiba Inu burn rate dropped in the last seven days Detai

BONE is the Shiba Inu ecosystem’s governance token and gas token for the Shibarium Layer-2 blockchain. Traders didn’t immediately respond to BONE listing news on Swyftx and trading 3% down in the last 24 hours. Swyftx Listed Shiba Inu Ecosystem’s BONE Token Australia-headquartered crypto exchange Swyftx in a tweet on June 12 revealed that it has listed Bone ShibaSwap (BONE) token on the platform. Users can now start trading the Shibarium Layer-2 blockchain’s gas token BONE. On Friday, Swyftx launched a poll related to its upcoming token listings. In the poll, it asked the community to vote on whether they want Alchemy Pay (ACH) and Bone ShibaSwap (BONE) on the exchange. According to the results, BONE received 90.7% of the votes, while Alchemy Pay gathered only 9.3 percent of the votes. The Shiba Inu community appreciated the exchange for listing the BONE token as it is expected to gather the same attention as Shiba Inu. Recommended Articles

Over 40.87 million Shiba Inu (SHIB) burned in the past 24 hours, 14.62 million by a single wallet. Shiba Inu witnesses a sharp decline in burn rate as over 40.87 million SHIB tokens go up in flames. Coinbase-associated wallet emerges as the top SHIB burner of the day. Shibburn.com data reveals that the Shiba Inu Community has set fire to a total of 40,877,932 (40.87M) SHIB through twelve separate transactions in the past 24 hours. In the past 24 hours, there have been a total of 40,877,932 $ SHIB tokens burned and 12 transactions. Visit https://t.co/t0eRMnyZel to view the overall total of # SHIB tokens burned, circulating supply, and more. — Shibburn (@shibburn) May 25, 2023 This represents a -97.30% decrease in Shiba Inu’s burn rate compared to the previous day, where a staggering 1,350,604,128 (1.35B) SHIB were removed from circulation forever through hundred individual transactions. Coinbase-associated Wallet Burns 14.62M SHIB : The biggest burn transaction o

Shiba Inu (SHIB) had a historic rise to stardom in 2021 when the asset skyrocketed in value. What followed was stories of regular people becoming multi-millionaires and some even billionaires. However, the popular dog-themed crypto project has since fallen over 89% from its 2021 highs. Nonetheless, fans and users continue to hold the “one cent” dream for the memecoin. How can Shiba Inu reach $0.01 or $1? One of the major problems with SHIB is its massive supply. There are about 589.3 trillion SHIB tokens in circulation. If the asset were to reach $0.01, SHIB’s market cap would reach over $5 trillion. If SHIB reaches $1, its market cap would be an unimaginable $589 trillion. This would make SHIB, the most valuable company in the world. Most nations in the world do not have a GDP that high. In reality, this does not seem feasible. Therefore, the SHIB community has tirelessly been working to reduce the assets circulating supply. If Shiba Inu (SHIB) is to reach a goal of $0.01, or even

Shiba Inu (SHIB) lead developer Shytoshi Kusama has mentioned that the project’s layer-2 network, Shibarium, could see the light of day in two or four months. The revelation is a sigh of relief for fans and users, as the launch has seen several delays since its announcement. Kusama said that the current priority for the Shiabrium network is to build systems. Kusama revealed that he might wear the “systems designer” hat next. Systems design would include things like “ticket system, support, onboarding,” the developer said. Furthermore, Kusama also revealed that the team is working on UI (user interface) for some “secret projects.” Additionally, there are some surprises to help businesses that do not fully understand the metaverse. Shiba Inu’s (SHIB) Shibarium network was originally planned for a 2022 release. However, the launch was postponed several times due to development issues. However, upon the launch of the beta testnet in March, fans were convinced that the mainnet

The Shiba Inu Burn initiative has been one of the most significant developments in the meme coin realm. With over 549,063,278,876,302 SHIB in circulation, the overall goal is to restrict supply, create scarcity, and ultimately force a price increase. Positively, February started out with respectable burn figures. Shiba Inu burn rate jumped by 10,000% this month as well. The burn rate, like its price, is nevertheless well known for its volatility. The burn rate also spiked by 2300% on Feb 27. Also read: Mt. Gox Creditors Can Expect 137,890 Bitcoin Repayments This Month However, the burn rate was not that exceptional in March. The burn rate even touched zero on March 1, 2023. Nevertheless, the burn rate has gained momentum, as it has spiked by 240% in the last 24 hours. Source: Shibburn Over 38.5 million SHIB were sent to dead wallets during this period. One notable transaction worth 22 million SHIB happened four hours ago at press time. Shiba Inu price remains stable

The cryptocurrency market was finishing the month on a high after a turbulent February. The majority of assets in the sector were only making modest increases. However, certain cryptocurrencies like Shiba Inu [SHIB], Solana [SOL], and Bitcoin [BTC] are expected to be on the watchlists of many enthusiasts and traders. Here’s why traders will be on the lookout for these crypto currencies. Shiba Inu [SHIB] The meme coin sector has been thriving for an array of reasons. The Shiba Inu has been teasing the launch of Shibarium for quite some time now. As the hype and demand around the layer-2 project took center stage, SHIB as well as BONE were seen pocketing notable gains. Each time the lead developer of the network, Shytoshi Kusama makes an announcement around Shibarium, both the above-mentioned tokens start to soar. Earlier today, Shytoshi shared a blog post announcing that the intake form of Shibarium was live. Source – SHIB/USDT Chart on TradingView As seen in the above char

As the Shibarium buzz continues to linger, two major assets are seen benefiting from it. Shiba Inu [SHIB] is one of them, but the other asset that was faring much better was Bone. In the cryptocurrency sector, a token’s listing on the Binance exchange is considered a major milestone. Yet, the CZ-led firm has several criteria for the same. Now that Bone has entered the top 100 cryptocurrencies list, the community speculates that the asset might have a chance. Currently, Bone is the 94th largest cryptocurrency with a market cap of $437,091,562. Dear @binance # shib arium is approaching.# shib army want to see the # Bone listed on @binance . Don't forget # Bone # shib arium is gas token @Shibtoken @ShibariumNet🍖🍖 # Bone 🍖🍖 @binance @BinanceUS @BinanceES @BinanceTR Tell us wen listing ?? pic.twitter.com/EDoBnPnx0t — CryptoShibMan® (@crypto__ShibMan) February 21, 2023 Where would you like $BONE listed 1st?#Binance#CryptoCom#eToro#Robinhood Other?! comment 👇 $SHIB QOTD Pol

- Advertisement - Shiba Inu layer 2 solution receives a boost as Swapzone Pledges to Integrate Shibarium on Release. - Advertisement - Yesterday Swapzone expressed its excitement about the Shiba Inu L2 blockchain and pledged to fully support and integrate Shibarium into its platform as soon as it goes live. Our developers join a huge line of people eagerly waiting for the @ShibariumNet launch! ‍@Swapzone_io will fully support the #Shibarium release and integrate the new L2 blockchain ASAP ️ Prepare with us and grab some $ SHIB at the best rates https://t.co/6GlwDoD9bI — Swapzone (Best rates to swap on the web ) (@Swapzone_io) February 17, 2023   It’s worth noting that Swapzone.io has already added support for all three tokens of the Shiba Inu ecosystem, namely SHIB , BONE, and LEASH, amid increasing interest. Formerly, Atomic Wallet has also revealed its plans to support the much-awaited Shibarium after launch. Shibarium has been causing a stir in the crypto community, with many

Shiba Inu (SHIB) is on the verge of launching its Layer-2 network, Shibarium. Although many are excited about the launch, some believe it could benefit Dogecoin (DOGE) more than SHIB. Both DOGE and SHIB are rivals in the memecoin arena. However, the launch of Shibarium may lead to Shiba Inu shedding its memecoin tag. This would leave only Dogecoin as the memecoin king. According to DeFi researcher “Ignas,” moving away from the memecoin tag towards tokenomics “is a double-edged sword.” The move will lead to users and investors looking at the fundamentals of the project and not solely the hype surrounding the coin. Therefore, if the fundamentals fail, the price of SHIB may also follow. 12/ What's more, it is moving away from "memenomics" to "tokenomics", which is a double-edged sword. Moving away from a meme narrative means that users will check $SHIB fundamentals instead of following the meme alone. If fundamentals 📉, price will also 📉. Good for $DOGE