Shiba Inu's burn rate surged by 812% within 24 hours, with over 12 million SHIB tokens permanently removed from circulation. This increase in burn activity reflects growing network usage and investor optimism following recent price gains. Although SHIB's price dipped slightly to $0.000006302, the reduced supply could create scarcity, potentially driving the price higher if demand continues to rise. Investors are watching closely for a possible price rebound amid these developments.
Shiba Inu futures trading saw a sharp 190% decline in flow over the past 24 hours, with outflows of $5.6 million exceeding inflows of $4.74 million. This led to a net removal of about 156.56 billion SHIB tokens from the futures market and a 6% drop i...
Shiba Inu (SHIB) is at risk of falling out of the top 30 cryptocurrencies by market capitalization due to NEAR Protocol's 138% rally in May. SHIB currently holds the 29th position with a $3.24 billion market cap, narrowly ahead of NEAR's $3.19 billio...
Shiba Inu holders moved over 207 billion SHIB tokens out of crypto exchanges within 24 hours, indicating increased buying activity as tokens are transferred to self-custody. Despite this aggressive outflow, SHIB's price has remained low, trading arou...
Shiba Inu (SHIB) saw a 2% price drop with futures demand plunging over 306% as traders reduced leverage exposure, leading to a net outflow of $430K in futures. Meanwhile, spot traders accumulated nearly 490 billion SHIB tokens by withdrawing them fro...
Shiba Inu (SHIB) has traded mostly sideways recently, down about 4% over the past week amid cautious investor sentiment. Large withdrawals of nearly 490 billion SHIB tokens from exchanges suggest whales may be moving to hold long-term, potentially ea...
