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ShibaSwap Finds New Home on Shibarium, Ushering in Fresh Features and Community Focus
30Apr By OLAJIDE SAMUELNo Comments
Shiba Inu

ShibaSwap Finds New Home on Shibarium, Ushering in Fresh Features and Community Focus

Shiba Inu's decentralized exchange, ShibaSwap, has undergone a significant migration, transitioning from the Ethereum network to the Shiba Inu ecosystem's layer-2 blockchain, Shibarium. This move, reported by The Cryptolifedigital, marks ShibaSwap's entry into the multi-chain world and unlocks a range of new features for the SHIB Army. Shibarium Migration Strengthens DeFi and Community Engagement The migration to Shibarium brings several benefits to ShibaSwap users. Liquidity pools, a vital component of decentralized finance (DeFi), have been bolstered, ensuring smoother trading experiences. Additionally, DeFi functionalities have been refined, potentially offering more efficient and user-friendly ways to interact with DeFi protocols on ShibaSwap. https://twitter.com/LucieSHIB/status/...
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Shibarium’s Ambitious Burn Plans Aim to Tackle SHIB’s Supply Overhang, but Challenges Persist
5Jan By OLAJIDE SAMUELNo Comments
Shiba Inu

Shibarium’s Ambitious Burn Plans Aim to Tackle SHIB’s Supply Overhang, but Challenges Persist

In a recent development within the Shiba Inu community, a prominent member known by the pseudonym 'Queenie' has projected staggering figures regarding the potential burn of SHIB tokens through the Shibarium burn portal. Queenie estimates that the portal could incinerate an impressive 111 trillion SHIB tokens annually, constituting about 20% of the circulating supply. The Automated SHIB Burn This projection breaks down to a monthly burn of approximately 9.25 trillion SHIB tokens. However, it's crucial to note that the official Shibarium team has not yet confirmed or provided details regarding the accuracy of these projections. Read Also: XRP's Soaring Potential: Analyst Predicts Explosive Rise Amid Legal Victories Scheduled to automate SHIB burns starting this month, Shibarium will ...
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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...
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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...
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Manny Pacquiao Foundation Teams Up with Shiba Inu to Revolutionize Philanthropy Through Blockchain
16Nov By CryptolifedigitalNo Comments
Shiba Inu

Manny Pacquiao Foundation Teams Up with Shiba Inu to Revolutionize Philanthropy Through Blockchain

In a groundbreaking announcement via Twitter, the Manny Pacquiao Foundation revealed an exciting collaboration with Shiba Inu, expressing gratitude to the SHIB Army for their support. The strategic partnership aims to integrate Shibarium, Shiba Inu's layer two blockchains, into the operations of the Manny Pacquiao Foundation, marking a significant leap forward in philanthropic endeavours. https://twitter.com/MPac_Foundation/status/1724595473833734595 According to an official press release, the implementation of Shibarium is set to revolutionize the foundation's activities by enhancing efficiency, optimizing processes, and ensuring secure record-keeping. Blockchain technology will be pivotal in tracking donations and fundraising, facilitating seamless fund distribution, and managing v...
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Shiba Inu (SHIB) Burn Rate Skyrockets, Fueling Enthusiasm and Speculation in the Community
25Oct By CryptolifedigitalNo Comments
Shiba Inu

Shiba Inu (SHIB) Burn Rate Skyrockets, Fueling Enthusiasm and Speculation in the Community

Shiba Inu (SHIB) is making headlines once again as its burn rate experiences a meteoric rise. The surge in token burning has caught the attention of the Shiba Inu community and the broader cryptocurrency world, sparking optimism for the meme coin's future. This development coincides with a notable uptrend in SHIB's price and an impressive increase in trading volume. Read Also: Pro-XRP Lawyer Fred Rispoli Comments on SEC's Decision to Drop Charges Against Ripple Executives Shiba Inu Surges in Burn Rate by 567% Remarkable Milestone: The SHIB burn rate has recently reached an exceptional milestone, with an astounding 121,210,538 SHIB tokens burned on October 24th. This signifies a remarkable 567% increase compared to previous levels. The cumulative number of SHIB tokens burned now ...
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Shiba Inu and Welly Open Groundbreaking Web3 Restaurant in Naples Backed by Shibarium Blockchain
16Sep By OLAJIDE SAMUELNo Comments
Shiba Inu

Shiba Inu and Welly Open Groundbreaking Web3 Restaurant in Naples Backed by Shibarium Blockchain

In a groundbreaking move, Shiba Inu and Welly have officially launched the world's first Web3 restaurant in Naples, Italy. Named "Welly," this innovative dining establishment is set to transform the fast food industry by leveraging the power of blockchain technology, particularly the Shiba Inu cryptocurrency's Layer 2 (L2) blockchain platform known as Shibarium. Welly's inception marks a significant step in utilizing blockchain for restaurant operations, customer engagement, and food-based incentives. The restaurant, which initially gained attention following its soft launch last year, has evolved to embrace the potential of blockchain technology fully. Read Also: Lunc Upgrade: A Rollercoaster Ride for Validators The menu at Welly includes a delectable array of offerings, featurin...
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Shiba Inu’s ShibaSwap Gets a Boost in Security Ratings, Attracts Mainstream Attention
15Sep By OLAJIDE SAMUELNo Comments
Shiba Inu

Shiba Inu’s ShibaSwap Gets a Boost in Security Ratings, Attracts Mainstream Attention

In a significant development for the Shiba Inu project, the ShibaSwap audit page on their website received an update, showcasing a strengthened commitment to security. This exciting news was unveiled by Lucie, the marketing strategist for Shiba Inu, who highlighted the project's collaboration with Certik, a renowned blockchain security company. Their combined efforts on Discord led to the rectification of critical issues on Certik's website, emphasizing the dedication to transparency and safety within the Shiba Inu ecosystem. Read Also: LUNC's New CEO Outlines Vision for $1 Valuation and Wealth Creation https://twitter.com/LucieSHIB/status/1702519955466633438?ref_src=twsrc%5Etfw Security ratings for ShibaSwap spikes The collaboration with Certik has borne fruit as the security rati...
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Shytoshi Kusama Announces Exclusive Giveaway for Doge Killer (LEASH) Holders at Blockchain Futurist Conference
20Jul By Daniel AbangNo Comments
Shiba Inu

Shytoshi Kusama Announces Exclusive Giveaway for Doge Killer (LEASH) Holders at Blockchain Futurist Conference

Toronto, Canada - In a thrilling announcement on Twitter, Shytoshi Kusama, the prominent figure within the Shiba Inu community, unveiled an exclusive giveaway for holders of Doge Killer (LEASH), one of the tokens within the Shiba Inu ecosystem. The giveaway presents an extraordinary opportunity for LEASH holders to attend the highly anticipated Blockchain Futurist Conference, scheduled for August 15 to 16 in Toronto, Canada, completely free of charge. Read Also: XRP's Trading Volume Surpasses Bitcoin (BTC) as Proportion of Market Cap Soars After Court Ruling https://twitter.com/ShytoshiKusama/status/1682021646540873729 The giveaway includes 100 regular tickets and 2 VIP tickets for the prestigious conference. The grand prize will award one fortunate winner with two VIP tickets, gr...
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Whales Accumulate Trillions of SHIB as Shiba Inu Dominates Ethereum Whale Portfolios
18Jul By Raliat IdrisNo Comments
Shiba Inu

Whales Accumulate Trillions of SHIB as Shiba Inu Dominates Ethereum Whale Portfolios

In a surprising turn of events, a newly activated whales has made a substantial entry into the world of Shiba Inu (SHIB) token holdings. Etherscan.io data reveals that this whale has acquired an astonishing 4.15 trillion SHIB, worth $32.17 million, in a series of three transactions. This influx of SHIB catapults the whale to the 27th position among the largest SHIB holders.   SHIB Whales Acquires Massively The buying spree commenced approximately 14 hours ago, with the initial transaction involving the purchase of 4.11 trillion SHIB tokens valued at $31.88 million. A few hours later, the whale made a smaller purchase of 1.50 million SHIB tokens worth just $11. Finally, in the third and final transaction, an additional 37.96 billion SHIB tokens were added to the portfo...
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