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Shiba Inu, a notable and second-largest meme coin in the cryptocurrency market, has garnered significant attention. The development team has been actively engaged in initiatives like the Shiba Inu Burn, reflecting their dedication to the coin’s progress. The Shiba Inu burn rate has been subject to fluctuations, with some days witnessing higher numbers while others show a decline. However, in recent times, the burn rate has displayed relative stability, with a consistent daily burning of millions of SHIB. Also read: Ripple (XRP) Spikes Over 11% to Become Top-Performing Major Crypto According to the latest details from Shibburn, the SHIB burn rate has skyrocketed by 36210% amidst positive market conditions. SHIB Burn rate soars by 36210% Shibburn data shows that 173.2 million SHIB have been sent to dead wallets in the last 24 hours. One large transaction that occurred 19 hours ago sent 100 million SHIB to the dead wallet. The spike in the burn rate has prov...

Owing to the volatility, crypto is generally considered to be a ‘quick’ money-making asset class. Over the years, several traders and investors have successfully cracked the code and earned millions by trading and investing in crypto. At the same time, investors have also lost their capital while taking uncalculated risks and attempting to play with fire. In this article, we will look into the case of how a manager became a millionaire within a short span of time by investing in Shiba Inu. Also Read: Shiba Inu: How Many SHIB Tokens Does Elon Musk Own? Manager ‘Cried’ After Making $1 Million by Investing in SHIB A couple of years ago, i.e., in 2021, Rob, a former supermarket warehouse manager , was looking to inflate his savings. As he was researching investment alternatives, he stumbled upon Shiba Inu’s ‘woofpaper.’ In an interview with Fortune, he asserted that he got “hooked” after reading the project’s white paper and ...

Shiba Inu became nothing less than a money-printing machine between 2020 to October 2021. Those who invested in 2020 made millions of dollars when SHIB reached its all-time high of $0.00008616 in October 2021. However, one investor made life-changing gains that could last generations. The transaction was touted as the ‘greatest trade of all time’ in Shiba Inu and no other investor could beat his feat. Also Read: Shiba Inu: You Can Now Become a SHIB Millionaire With Only $8 The rags-to-riches story occurred in just 400 days making the holder tell a tale of unbelievable richness. Arguably, he is the only lucky SHIB investor to have made it this big in life in a short period. Shiba Inu: Story of the ‘Greatest Trade of All Time’: $8,000 Turned to $5.7 Billion Source: Unsplash A Shiba Inu investor had brought $8,000 worth of SHIB tokens during its early days in 2020. SHIB was trading with 10 ‘zeroes’ in the indices back then when he took ...

If SHIB holds above $0.00001 and sustains movement past the upper descending trendline, this trend reversal is bound to stay in place, aiming for $0.000015 and $0.00002 targets, respectively. advertisement Shibarium Launch Teases Another Shiba Inu Rally Investors have been anticipating the launch of Shibarium since last year amid frequent delays and a developer team that says it is prioritizing quality over time-based deadlines. Over the last few weeks, discussions on the topic have intensified – triggered by an announcement that the actual launch is around the corner. As reported, the new Shibarium protocol would be a game changer for the SHIB ecosystem, especially with reports of over 250,000 daily transactions on the testnet. In total, the test protocol has processed at least 25 million transactions. Recommended Articles Crypto Presale Projects F...

Shiba Inu is a meme coin that has gradually risen to become one of the leading meme coins. Over time, it has garnered a sizable community of supporters. The surge in its price and several developments have contributed to the formation of a dedicated community often referred to as the “SHIB army.” Also read: Worldcoin WLD Market Cap Surges to $350 Million, Price Doubles According to the latest data from IntoTheBlock, SHIB is emerging as a popular cryptocurrency for new investors. IntoTheBlock’s indicator in question centers around analyzing the ratio of new addresses engaging in their initial transaction compared to the total number of active addresses on a specific day. By doing so, it provides valuable insights into the proportion of overall activity within the network that can be due to newcomers. Shiba Inu investor interest surged from 30% to 65% Data shows a surge from 30% to 65%, indicating a spike in new investors’ interest in Shiba Inu. ...

Amidst the ongoing meme coin frenzy, relatively older meme coins like Dogecoin [DOGE] and Shiba Inu [SHIB] continue to remain relevant. The increased number of transactions in these respective networks and adoption proves the same. The Shiba Inu, in particular, has been moving ahead untethered by the advent of new meme coins like PEPE. While the top ten crypto assets experienced a significant decline in terms of large transactions, Shiba Inu (SHIB) was moving in the opposite direction. According to data from IntoTheBlock, the Shiba Inu network noticed a notable increase in large transactions, reaching a value of $9.9 million. This surge occurred within the last 24 hours, representing a significant rise of 43.78%. It is worth noting that a significant portion of these transactions in the Shiba Inu network was attributed to whale investors. Data further indicated that the majority of SHIB holders, accounting for 67.35%, are whales. Retail investors make up 20.44% of the holders, whil...

As per a recent announcement on the Shibarium Discord server, Shiba Inu (SHIB) developers are working on a customized SHIB cold wallet. The team is now hosting AMA sessions with popular exchange Huobi, and Certik, a blockchain and smart contract security company.  According to the announcement, developers want to collaborate with these organizations for a unique cold wallet system. Moreover, the wallet will be tailored to the Shiba Inu ecosystem. Additionally, cutting-edge design and innovative technologies are anticipated for the cold wallet. Discord update from @ shib arium_ Customized Cold $SHIB wallet pic.twitter.com/CnBfkxft1i — 𝐋𝐔𝐂𝐈𝐄 (@LucieSHIB) April 27, 2023 There are currently few details available regarding the project’s development. The announcement suggested that the parties concerned are still determining whether a collaboration is feasible. Therefore, because of this, no precise launch date has been announced, and the details of the wallet’s functional...