Shiba Inu’s layer-2 solution Shibarium has seen a spike in daily transactions, demonstrating growing usage but also raising concerns around scalability. According to data from Shibarium Scan, the protocol’s total daily transaction count jumped from 9,230 on November 11th to 10,880 on November 14th. However, the average block time rose
The meme-inspired cryptocurrency Shiba Inu (SHIB) saw a massive boost to its deflationary burn rate on Thursday, just as prices rebounded from recent lows. According to data from burn tracker Shibburn, a total of 9.6 million SHIB were sent to dead wallets in the past 24 hours. This represents a
Crypto analyst Rekt Capital is bearish on the future of the Solana (SOL) crypto. However, Shiba Inu (SHIB) and Everlodge (ELDG) are bullish based on the latest on-chart metrics. As a result, investors began to diversify with these cryptocurrencies. Today, we will jump into their price performance to see just
Shiba Inu’s lead developer Shytoshi Kusama, has urged SHIB followers and content producers to work together. Kusama’s call to action acknowledges the decentralized character of the platform while working to coordinate the marketing efforts of a wide range of individual operators across different forms of media. Kusama underlined the need
Shiba Inu continues trending upward, gaining 2.88% to around $0.000007885, according to CoinMarketCap data. A key driver of this sustained bullish momentum is a 22% SHIB trading volume spike on leading exchange Binance. Binance saw massive Shiba Inu trading volumes of over $37 million in the past 24 hours. As
The popular meme coin Shiba Inu (SHIB) has experienced a massive surge in on-chain activity recently, according to blockchain analytics firm IntoTheBlock. The most striking data shows a 454.38% explosion in large transactions worth $100,000 or more within just 24 hours. This translated to over $35 million in large SHIB
A surprise move towards a distinct SHIB self-custodial identity has been begun by the Shiba Inu project’s developers. This news follows the successful release of Shibarium, a layer-2 scaling solution. The leading creators of the Shiba Inu project want to include Self Sovereign identity (SSI), a blockchain-based digital identification system,
Shiba Inu had an increase of 841% in outflows last week, as reported by IntoTheBlock. The Large Holders Outflow feature of IntoTheBlock monitors the withdrawal of funds from the addresses of whales and other significant holders, making it possible to detect panicked selling. Rapid withdrawals from exchanges or sales from
Shiba Inu is showing a unique on-chain metric in terms of holdings of its tokens between retail and whale investors. According to statistics compiled by IntoTheBlock (ITB), a cryptocurrency analytics website, 63.48 percent of all SHIB in circulation is held by the largest investors in the market. One address in
The recent update by Whale Alert, a blockchain tracker implies that recently, a large sum of Shiba Inu changed hands between two unknown digital wallets. This move is worth a phenomenal $32,142,200. This week is the seventh time an unknown whale has transferred a gigantic mass containing 3.5 trillion Shiba
