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Shiba Inu Burns: Token Incineration Soars 6,000%, While Shibarium Sees Mixed Signals
Shiba Inu

Shiba Inu Burns: Token Incineration Soars 6,000%, While Shibarium Sees Mixed Signals

The Shiba Inu community is excited after a remarkable 6,000% surge in the token's burn rate over the past week. This translates to a whopping 9.4 billion SHIB tokens sent to the incinerator, permanently removing them from circulation. This strategic move has ignited discussions about its potential impact on the price and future of Shiba Inu. Burning for Brighter Days? Token burns are a common practice in the cryptocurrency world, aiming to reduce the circulating supply and potentially drive up the price through increased scarcity. In Shiba Inu's case, this recent burn spree represents over 10% of the total tokens destroyed last year. This coincides with a broader market upswing, fueled by the approval of several Bitcoin ETFs in the US. As a result, SHIB's price has climbed roughly 5% i...
Retik Finance: Bridging the Gap Between Crypto and DeFi, with Potential to Rival Shiba Inu
Shiba Inu

Retik Finance: Bridging the Gap Between Crypto and DeFi, with Potential to Rival Shiba Inu

In the bustling realm of cryptocurrency, a rising star named Retik Finance is challenging the dominance of popular tokens like Shiba Inu. More than just a currency, Retik is a comprehensive DeFi platform aiming to bridge the gap between the digital and physical worlds of finance. Read Also: Crypto Buzz: XRP Hopes to Rise on ETF Prospect, InQubeta Shines with AI Innovation Here's why Retik Finance is making waves Presale Success: Each presale stage has sold out quickly, with Stage 5 currently at 77.88% and $6.8 million raised. This indicates strong investor confidence in the platform's potential. Impressive Growth: Investors have already enjoyed over 130% YTD gains, and the token price is set to increase in the next presale stage. Utility-Driven: Unlike meme coins like SHIB, ...
PointPay Announces Listing of Doge Killer Token (LEASH) on Crypto Banking Platform
Shiba Inu

PointPay Announces Listing of Doge Killer Token (LEASH) on Crypto Banking Platform

Estonia-based crypto banking platform and exchange, PointPay, has unveiled its plans to list another token within the Shiba Inu ecosystem. The platform recently took to Twitter to announce its partnership with Doge Killer (LEASH), and the subsequent introduction of LEASH to its trading platform. This move is anticipated to expand opportunities for PointPay users within the vibrant Shiba Inu community. Read Also: Unwrapping the Future: What Could Christmas Hold for LUNC's Price Surge? https://twitter.com/PointPay1/status/1738206018771849279 PointPay To Enlist LEASH PointPay has not disclosed the specific date and time for the official listing of LEASH, but users can expect to engage in buying, selling, trading, and transferring activities once the token goes live on the platform. Th...
Shiba Inu (SHIB) Witnesses Bullish Surge as Shibarium-Powered Burns Accelerate
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
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...
Shiba Inu (SHIB) Community Targeted in Elaborate Scam Exploiting Fear of Missing Out (FOMO)
Shiba Inu

Shiba Inu (SHIB) Community Targeted in Elaborate Scam Exploiting Fear of Missing Out (FOMO)

In a shocking and alarming development, members of the Shiba Inu (SHIB) community find themselves at the centre of a highly sophisticated scam that capitalizes on the "fear of missing out" (FOMO) mentality. Using advanced tactics and leveraging social media platforms, scammers have successfully deceived unsuspecting victims, leading them to unwittingly part ways with their valuable SHIB tokens. Read Also: Terra Classic (LUNC) Surges to New Heights, Sparking Hopes of a Full Recovery The Sinister Ploy of 'Paper Hand' and 'Diamond Hand' The scam revolves around fraudulent websites claiming to calculate earnings for SHIB holders based on the coin's volatile price history. Aggressively promoted on social media, these websites entice users to connect their cryptocurrency wallets to check th...
Shiba Inu Unveils Major Updates: Shib Magazine, Massive NFT Giveaway, and Insights into the Next Bull Run
Shiba Inu

Shiba Inu Unveils Major Updates: Shib Magazine, Massive NFT Giveaway, and Insights into the Next Bull Run

The Shiba Inu community is buzzing with excitement as the team reveals a series of significant announcements, reinforcing its commitment to innovation, decentralization, and community engagement. The latest updates include the launch of the highly anticipated fourth edition of Shib Magazine, a massive 7,000 NFT giveaway, an exclusive interview with lead developer Shytoshi Kusama, and insights into the upcoming bull run. Read Also: Shiba Inu (SHIB) Witnesses Unprecedented Token Burning Surge, Community Optimistic for Price Breakout https://twitter.com/Shibtoken/status/1729284549278847403 Shib Magazine's Fourth Edition and NFT Giveaway Insightful Content: Shib Magazine's fourth edition promises a wealth of insightful and captivating content, keeping the community abreast ...
Shiba Inu Community Buzzes as Elon Musk’s Comment Sparks Interaction with Bad Idea AI Team
Shiba Inu

Shiba Inu Community Buzzes as Elon Musk’s Comment Sparks Interaction with Bad Idea AI Team

In a surprising turn of events, the lead developer of Shiba Inu, known for its vibrant and engaged community, recently expressed admiration for a comment made by tech mogul Elon Musk. Musk's tweet, in response to a discussion about X, contained the phrase "not a bad idea," a phrase that resonated directly with one of Shiba Inu's tech-focused collaborators, the Bad Idea AI team. Read Also: Terra Classic (LUNC) Blockchain Witnesses Resurgence Amidst Record Transactions and Price Recovery https://twitter.com/ShytoshiKusama/status/1728174392281387225 Elon Musk's comment The Shiba Inu lead, impressed by Elon Musk's comment, responded with an emoji representing the human brain. This gesture, often interpreted as a sign of being impressed or having one's mind blown, underscored the signif...
Changelly’s Shiba Inu Price Predictions: Short-Term Hike and Long-Term Surge Expected
Shiba Inu

Changelly’s Shiba Inu Price Predictions: Short-Term Hike and Long-Term Surge Expected

Changelly, a leading cryptocurrency tracking platform, has unveiled its predictions for the future trajectory of Shiba Inu (SHIB), painting a compelling picture for the coming years. As per Changelly's analysis, Shiba Inu has observed a positive trend with 15 green days out of the last 30, indicating a 50% positive momentum. The Fear-Greed Index currently stands at 62, reflecting a sense of greed among investors, even though the overall sentiment is characterized as bearish. Recent attention was drawn to SHIB due to a significant announcement from a Japanese exchange. Changelly's short-term forecast suggests a potential 7.86% increase in SHIB's value, reaching $0.000008609 by the following day. However, a decline is anticipated by December 1, with Changelly setting SHIB's price at $0.00...
Shiba Inu’s Shibarium Achieves Top 5 Ranking on NOWNodes, Sparks Enthusiasm from Community
Shiba Inu

Shiba Inu’s Shibarium Achieves Top 5 Ranking on NOWNodes, Sparks Enthusiasm from Community

In a recent announcement, blockchain service provider NOWNodes disclosed a significant milestone for Shibarium, the Shiba Inu-focused blockchain. The platform revealed a need to scale its capacity to meet the growing demand for Shibarium, a move that has elevated it to the Top 5 most active networks on NOWNodes. The news caught the attention of the official Shiba Inu X handle, prompting an excited "Woof" comment from the Shiba Inu team. The team expressed their enthusiasm, stating, "Woof! Scaling to new heights. Shibarium just entered the Top 5 most active networks on NOWNodes, and we’re just getting warmed up." Read Also: Successful Vote on Proposal #11873 Signals Positive Momentum for $LUNC https://twitter.com/Shibtoken/status/1725246149387255813 Shibarium RPC This achievement...