Shiba Inu experiences a significant surge in price as Bitcoin surpasses $64,000, reaching levels not seen in over two years.
Shiba Inu achieves a multi-month high of $0.00001473, with a 25% increase in early trading. The current price stands at $0.00001365, up 41% for the week. Trading volume spikes by 114%, totaling $2 billion. The rally extends for the sixth consecutive day since February 24.
Large Holders Inflow, Courtesy: IntoTheBlock Data
Large holder inflows surge by 700%, matching the price surge. This indicates substantial buying activity, with addresses purchasing on centralized exchanges and moving assets into cold storage. Notably, large holder inflows rise from 336.79 billion SHIB to 2.08 trillion SHIB between February 25 and February 28.
Shiba Inu announces plans to launch a privacy-focused network on the Shibarium blockchain in collaboration with Zama, an open-source cryptography company. The network will utilize Fully Homomorphic Encryption (FHE), enhancing the value proposition of SHIB tokens by bolstering privacy features and data security.
The surge in Shiba Inu's price and trading activity, coupled with expansion plans for a privacy-focused network, reflect the growing interest and confidence in the SHIB ecosystem.
Shiba Inu's open interest plunges by over 40% in two weeks, raising concerns about its price trajectory. Historical data suggests a correlation between declining open interest and downward price movements, indicating potential trouble ahead for SHIB's value.
Huang BoShibarium, Shiba Inu's layer-2 solution, achieves a milestone with 300 million transactions, reducing fees. Rapid growth, wallet increases, and burning initiatives showcase its impact. Lucie's optimism and ongoing projects hint at a promising future for the Shiba Inu community.
Cheng YuanShiba Inu's recent surge in Daily Active Addresses and the recovery in Shibarium transaction counts indicate a potential shift in momentum. The token's value, currently at $0.000009246, may see a reduction in zeros. While the percentage changes over 24 hours and seven days are slightly negative, the increased user activity and transaction counts signal optimism.
BerniceShiba Inu's token burn rate has experienced an unprecedented surge, with 9 billion tokens intentionally removed. Simultaneously, whale activity in large transactions has spiked by 1,300%. The project's ambitious move towards acquiring the .shib TLD aims to revolutionize internet engagement. Despite these developments, SHIB's current price shows a marginal decline.
SanyaShiba Inu rises to second in trading volume on WazirX, India's top crypto exchange, surpassing major cryptocurrencies, despite recent market downturns.
BrianShiba Inu's token burn rate leaps with .shib domain launch, hinting at future price potential.
AlexShiba Inu collaborates with D3 Global to secure the .shib domain, revolutionizing Web3 and enhancing digital identities.
BerniceShiba Inu secures a pivotal listing on Japan's Coincheck exchange, marking a significant step in its global expansion.
Sanya
Bitcoinworld“I’m just a nonentity typing on a keyboard, I’m replaceable. I’m Ryoshi,” the Shiba Inucoin founder previously said.
Cointelegraph