Shiba Inu
Shiba Inu Burn Activity Surges 1,307% in 24 Hours as 47 Million SHIB Are Destroyed
SHIB recorded a 1,307% increase in its daily burn rate, sending 46.25 million tokens to unrecoverable wallets in 24 hours. The weekly burn volume surpassed 126 million tokens, equivalent to approximately $678 at the current trading price. Despite the massive burn event, the token is trading in negative territory and remains just above $0.00000539.
Shiba Inu Burn Activity Soars 1,307% in 24 Hours
The amount of Shiba Inu's available supply has substantially decreased by multiple tens of millions of tokens after the network concluded a massive burn event on the last day.
Shiba Inu gains Japan access, but no SHIB ETF exists
Japan's new crypto law and SHIB's wider exchange access support its standing, but no Japanese regulator has approved a Shiba Inu ETF.
SHIB Clears Key Japan Hurdle as Massive Market Door Opens
Shiba Inu is gaining a stronger foothold in Japan amid a new regulatory framework that could eventually pave the way for crypto exchange-traded funds in the country.
Shiba Inu Price Faces Selling Risk After 75 Billion SHIB Move
Rising exchange supply challenges SHIB near its 200-day moving average while open interest climbs almost 19%.
Shiba Inu (SHIB) Adds Exceptional 75 Billion to Exchanges in 24 Hours
In an effort to maintain its recent price recovery, Shiba Inu is witnessing a discernible rise in exchange inflows. According to on-chain data, net exchange flows rose by about 75 billion SHIB during the previous day, which could lead to more selling pressure.
10.74 Trillion SHIB? Shiba Inu Reclaims Key Level Amid 19% OI Surge
Shiba Inu, one of the best-performing meme tokens, is seeing renewed momentum after it recently saw a brief price correction as bullish traders flood its derivatives market again.
Half A Billion SHIB Sent To Dead Wallets in August by Robinhood and Coinbase — Can It Boost SHIB Price?
Shiba Inu (SHIB) saw more than half a billion tokens permanently removed from circulation in August, with major cryptocurrency exchanges Robinhood and Coinbase among the platforms contributing to the burn activity. The reduction comes as SHIB continues to struggle with selling pressure and a broader lack of momentum.
Shiba Inu Exchange Outflows Jump 121% as Selling Pressure Grows
Shiba Inu exchange outflows jumped 121%, but faster inflows kept selling pressure high as SHIB tests key support levels.
+103% in Shiba Inu (SHIB) Most Crucial Metric in 24 Hours: Can It Save the Day?
One of Shiba Inu's most significant exchange metrics is drastically shifting in the opposite direction, despite the token being under fresh selling pressure. As the token tests a crucial technical area, SHIB's seven-day average exchange outflow has increased by more than 100% in a single day, possibly offering some support.
Coinbase Opens Canada's Regulated Futures Door To SHIB
SHIB is on the guest-list of an elite crypto futures line-up, now available for regulated leverage trading in Canada.
Shiba Inu (SHIB) Bullish Future Is Questioned Now
Shiba Inu is trying to prolong its most recent comeback, but the way the market is currently structured raises serious concerns about whether SHIB has enough momentum to create a long-term bullish trend. Although the token has recovered from its August lows, a number of technical barriers are still directly above the price.
