Shiba Inu (SHIB) traded mostly sideways but retained recent momentum, rising about 11% over the past week. Behind the scenes, its Shibarium ecosystem has been actively burning SHIB tokens, with around 143.92 million burned in the last seven days and a total of approximately 3.45 billion tokens destroyed so far. This burn mechanism helps reduce SHIB's circulating supply, which is crucial for its long-term tokenomics, although the current burn rate is lower than the peak in late July. Despite this, the large circulating supply means sustained, larger burns would be needed to significantly impact SHIB's price.
Shiba Inu (SHIB) experienced a significant decrease of about 811 billion SHIB in net exchange flows, indicating investors are actively repositioning rather than simply taking profits. Despite this drop, SHIB's price rose about 5.5% to $0.00000521, br...
Shiba Inu (SHIB) has been added to the U.S.-based trading platform UEX.US, allowing trading against USDT and other major assets. This new listing comes amid growing social interest and a 12.75% rise in open interest for SHIB derivatives, signaling re...
Dogecoin (DOGE) rose 10% in 24 hours, boosted by a 3.5x increase in daily trading volume to $1.28 billion and new access to the Paxos network used by PayPal and Venmo. This rally coincided with gains in other memecoins like Pepe and Shiba Inu, and wa...
Major cryptocurrencies saw significant gains, with Bitcoin rising 6.2% to $72,557 and Ethereum up 10.9% to $2,326.79. Other notable increases include XRP up 16.1%, Dogecoin up 10.7%, and several altcoins showing double-digit percentage gains. This su...
Shiba Inu (SHIB) surged 10% as it gains renewed attention in spot markets and social media. However, derivatives traders remain cautious, with declining open interest in SHIB futures indicating limited leveraged bets. A new U.S. exchange listing and ...
