In the past week, 2.96 billion Shiba Inu (SHIB) tokens were burned, marking the largest weekly burn in a year. This significant burn coincided with a weekend price surge of over 37%, increased whale transactions, and higher social dominance for SHIB. The burn activity, including a single transaction of over 757 million SHIB sent to dead wallets, has contributed to a growing supply shock narrative and increased on-chain holder numbers. Despite a slight price dip recently, SHIB posted an 11.18% gain over the week, indicating strong market interest and potential future price impacts from reduced supply.
South Korea's largest crypto exchange, Upbit, moved 864 billion Shiba Inu (SHIB) tokens between its wallets shortly after a 36% price rally driven by strong local demand. This large-scale token transfer, split into two stages, likely reflects liquidi...
South Korean police dismantled a $8.5 million XRP scam involving 3.4 million stolen tokens, arresting three suspects and freezing wallets quickly after complaints. Shiba Inu's recent 40% price pump failed as whales controlling 94.56% of supply cashed...
Emirates Airlines, based in Dubai, has integrated Crypto.com Pay, allowing customers to book flights using Shiba Inu (SHIB) and 29 other cryptocurrencies via its website and app. This move supports Dubai's Cashless Strategy under the D33 Economic Age...
Shiba Inu's value held on centralized exchanges is nearing $400 million and may drop below this threshold if the price continues to fall. This decline is driven mainly by SHIB's price depreciation rather than a reduction in the number of tokens on ex...
Shibarium, the layer-2 network of Shiba Inu, experienced a sharp 95% decline in decentralized exchange (DEX) volume, falling to only $72 this week. This drop highlights a significant slowdown in DeFi activity on the network, with most decentralized e...
