Shiba Inu Archives - Page 12 of 47

Shiba Inu (SHIB) Community Anticipates Groundbreaking Announcement as Lead Developer Hints at “Year-Ending Surprise”

15Dec

By CryptolifedigitalNo Comments

Shiba Inu

Shiba Inu (SHIB) Community Anticipates Groundbreaking Announcement as Lead Developer Hints at “Year-Ending Surprise”

In a recent development that has set the Shiba Inu (SHIB) community abuzz, the lead developer, Shytoshi Kusama, hinted at an imminent announcement that is expected to be a defining moment for the SHIB ecosystem. The community eagerly awaits what has been teased as an announcement that could "break the internet." Teasing the Announcement on Social Media Lucie, the Marketing Lead for Shiba Inu, took to her X (formerly Twitter) platform to share a tantalizing screenshotted Telegram message from Shytoshi Kusama. The caption accompanying the post read, "...Let’s break the internet," suggesting that the impending announcement is poised to evoke significant reactions within the crypto space. Read Also: Cardano Dominates On-Chain Activity, Surpasses Bitcoin and Ethereum in 24-Hour Transaction...

Shibarium, Shiba Inu’s Layer-2 Blockchain, Soars Past 100 Million Transactions: A Moonstone Achievement

14Dec

By Adaralegbe Tosin MNo Comments

Shiba Inu

Shibarium, Shiba Inu’s Layer-2 Blockchain, Soars Past 100 Million Transactions: A Moonstone Achievement

In a groundbreaking development, Shiba Inu's Layer-2 blockchain, Shibarium, has left the crypto community in awe by achieving a monumental milestone of 100 million transactions. The blockchain's recent surge in activity propelled its total transaction count to an astounding 103.31 million, marking a remarkable journey from its modest beginnings. Read Also: Shiba Inu Faces Potential Correction as Bitcoin Rebounds Amid Inflation Concerns https://twitter.com/Shibtoken/status/1735050919841063417 Moonstone Celebration The official X account of Shiba Inu, in acknowledging this achievement, referred to Shibarium's 100 million transactions as a "moonstone," emphasizing its exceptional significance. Expressing gratitude to the SHIB community for their pivotal role in this accomplishment, Sh...

Shiba Inu Faces Potential Correction as Bitcoin Rebounds Amid Inflation Concerns

13Dec

By Onche Michael ONo Comments

Shiba Inu

Shiba Inu Faces Potential Correction as Bitcoin Rebounds Amid Inflation Concerns

In the wake of Bitcoin's resurgence past the $41,000 mark following cooling inflation reports, the crypto market experienced a brief uptick in buying demand. Meme coins, notably Shiba Inu (SHIB), witnessed a recovery from recent lows. However, as the crypto market braces for potential corrections, Shiba Inu faces challenges despite a surge in price. Netflow Dynamics: Accumulation and Potential Correction Shiba Inu recently weathered a steep decline, resulting in over $1.5 million in long liquidations. The crypto's recovery followed reports of a cooling inflation rate, prompting increased accumulation near its recent lows. However, a noteworthy development is the reversal of Netflow from negative to positive. Read Also: Shibarium Surges: Developers Announce Major SHIB Token Burn Am...

Shibarium Surges: Developers Announce Major SHIB Token Burn Amidst Rising Transactions

13Dec

By CryptolifedigitalNo Comments

Shiba Inu

Shibarium Surges: Developers Announce Major SHIB Token Burn Amidst Rising Transactions

In a significant development for the Shiba Inu community, Shibarium, the Layer-2 scaling solution, experienced a surge in transactions on its mainnet, leading to a massive 8.2 billion SHIB token burn last week. As enthusiasts delve into the 6th edition of SHIB Magazine, the official Shiba Inu burn tracker reports a remarkable 127% increase in daily burns, sparking discussions within the SHIB Army. Shibarium's Recent Activity and Increased Burns Shibarium, the Layer-2 scaling solution, witnessed a tsunami of transactions on its mainnet, setting the stage for a substantial 8.2 billion SHIB token burn. The Shiba Inu community eagerly awaits the effects of this burn on the market dynamics. Read Also: Borrow Finance Emerges as a Promising Opportunity for Terra Luna Classic and XRP Holders ...

Anonymous Whale’s $42 Million Shiba Inu (SHIB) Purchase Fuels Speculation Amid Upcoming Shibarium Token Burns

12Dec

By Raliat IdrisNo Comments

Shiba Inu

Anonymous Whale’s $42 Million Shiba Inu (SHIB) Purchase Fuels Speculation Amid Upcoming Shibarium Token Burns

In a noteworthy development, an anonymous investor has recently acquired a staggering 4 trillion Shiba Inu (SHIB) tokens in a direct wallet-to-wallet transaction, bypassing traditional cryptocurrency exchanges. With a valuation of $42 million, this purchase stands as the largest individual SHIB acquisition recorded in December. The transaction was first reported by Whale Alert, a cryptocurrency wallet tracker, on X (formerly Twitter). The implications of this substantial move are amplified by the Shiba Inu team's recent announcement regarding Shibarium, their layer two network, initiating SHIB token burns starting January 2024. https://twitter.com/whale_alert/status/1734153120349814802 Direct Wallet Transaction and Strategic Implications The anonymous whale's decision to conduct the t...

Shiba Inu (SHIB) Potential Price Targets Unveiled: Evaluating Returns on 100 Million SHIB Investment

10Dec

By CryptolifedigitalNo Comments

Shiba Inu

Shiba Inu (SHIB) Potential Price Targets Unveiled: Evaluating Returns on 100 Million SHIB Investment

In the world of cryptocurrencies, particularly with meme tokens, market watchers and investors are keeping a close eye on Shiba Inu (SHIB), anticipating a potential second wave of explosive price surges. Speculation is rife, and this article delves into the prospects of significant returns for investors holding 100 million SHIB tokens, examining various price scenarios. As of the latest press time, Shiba Inu is trading at $0.00001030, allowing investors to acquire 100 million tokens for approximately $1,030. While the current price is slightly above the $1,000 mark, the real excitement lies in the potential for SHIB to experience substantial price increases. Read Also: Terra Classic (LUNC) Faces Challenges but Holds Strong Potential: Google Bard Predicts Price Movements by December 2...

Shiba Inu (SHIB) Witnesses Bullish Surge as Shibarium-Powered Burns Accelerate

9Dec

By CryptolifedigitalNo Comments

Shiba Inu

Shiba Inu (SHIB) Witnesses Bullish Surge as Shibarium-Powered Burns Accelerate

In a remarkable development for the Shiba Inu (SHIB) community, the canine-themed token has experienced a surge in price following the initiation of Shibarium-powered burns. The Shiba Inu development team executed a Shibarium-powered burn, utilizing a portion of the network's fees to buy and incinerate $75,000 worth of SHIB. This move, combined with recent enhancements and a hard fork on Shibarium, has generated optimism within the community regarding the token's future. Read Also: Binance Witnesses Unprecedented Shiba Inu (SHIB) Outflow Amidst Airdrop Frenzy Shibarium-Powered Burn Four months after the launch of Shibarium, the Shiba Inu development team took action by initiating a Shibarium-powered burn. In a single transaction, an impressive 8.24 billion SHIB tokens were sent to a d...

Binance Witnesses Unprecedented Shiba Inu (SHIB) Outflow Amidst Airdrop Frenzy

9Dec

By Daniel AbangNo Comments

Shiba Inu

Binance Witnesses Unprecedented Shiba Inu (SHIB) Outflow Amidst Airdrop Frenzy

In a surprising turn of events, Binance, the prominent cryptocurrency exchange, has experienced an extraordinary outflow of Shiba Inu (SHIB) tokens in the past 24 hours, totalling a staggering 673 billion SHIB, valued at an astonishing $6.69 million. This massive movement of tokens has left the crypto community in awe, sparking discussions about the motives behind the outflows and potential implications for the SHIB ecosystem. Read Also: Analyzing the Potential Price Surge of Terra Classic (LUNC): A Comprehensive Overview Outflows and Influx on Binance Blockchain explorer Etherscan reveals a vivid depiction of this momentous event, showcasing SHIB holders collectively withdrawing 673 billion tokens from the Binance platform. Interestingly, amidst this significant outflow, there has al...

Shibarium Undergoes Major Fork, Enhancing DeFi and NFT Ecosystem

7Dec

By Raliat IdrisNo Comments

Shiba Inu

Shibarium Undergoes Major Fork, Enhancing DeFi and NFT Ecosystem

In a recent Discord update, DaVinci, the driving force behind Shibarium, unveiled crucial details for a smooth transition following a significant hard fork. The development team shared essential resources and an updated genesis file, urging relevant parties to align their Bor genesis with the latest configurations from other instances. https://twitter.com/TheBus37643251/status/1732204947997856043?t=xASxd5U_BKQz8_HQGSm_qg&s=19 Shibarium undergoes major Upgrade The mandatory genesis update, which was set to commence at block height 1962000, focused on a substantial enhancement to Shibarium's burning mechanism. This transformative move included the introduction of a burn mechanism for BONE, the governance token of Doggy DAO. While the majority of BONE holders welcomed the deflationar...

Shiba Inu Hits Milestone with First Shibarium-Powered SHIB Burn, Fueling Speculation of Massive Monthly Burns

6Dec

By Daniel AbangNo Comments

Shiba Inu

Shiba Inu Hits Milestone with First Shibarium-Powered SHIB Burn, Fueling Speculation of Massive Monthly Burns

In a significant milestone for the Shiba Inu cryptocurrency, the project's team executed its first-ever SHIB burn powered by Shibarium, the coin's Layer 2 (L2) scaling solution. The burn saw 8.24 billion SHIB tokens incinerated, amounting to $75,412 and marking a substantial increase in Shiba Inu's burn rate, now standing at an impressive 1548111.1%. The decision to conduct the Shibarium-powered burn followed a notable surge in the network's daily transactions. Shibarium, Shiba Inu's L2 scaling solution, has been processing over 5 million transactions daily since December 1. The surge reached a peak on December 3, with a staggering 7.84 million daily transactions, according to data from Shibariumscan. As of the latest update, the daily transaction count reached 7.86 million, contributin...