Shibarium, the layer 2 blockchain for Shiba Inu, experienced a sharp increase in daily transactions from 732 on May 23 to 7,220 on May 26, followed by a drop and another rise forming an 'M' pattern on the transaction chart. This surge marks a notable uptick in activity after a quiet period with transactions mostly below 1,000 since late April. The cause of this erratic transaction pattern is unclear, but investors are watching to see if this leads to sustained growth. Meanwhile, Shiba Inu's price rebounded recently, rising over 3% to $0.00000548 amid broader crypto market recovery despite ongoing inflation concerns.
Shiba Inu (SHIB) has seen a significant shift as 164 billion tokens left exchanges in the past 24 hours, indicating negative netflows and reduced sell-side pressure. This change suggests investors are withdrawing SHIB from centralized platforms, whic...
Shiba Inu's deflationary momentum surged as over 19 million SHIB tokens were burned in the past week, marking a 159.19% increase in the weekly burn rate. This contributed to a 28.73% rise in the monthly burn rate, with a total of 146 million SHIB bur...
Shiba Inu (SHIB) shows a 283% increase in spot market activity, signaling rising real buying and selling despite ongoing bearish pressure. Exchange outflows still exceed inflows, but declining reserves and increased spot activity suggest bears may be...
Bitcoin is showing signs of increased volatility due to a mix of rising leveraged long positions and heavy retail selling on spot markets. Despite a sharp drop below $75,000 and large outflows from U.S. spot ETFs, Bitcoin's price remains stable, supp...
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...
