Shibarium: 3M Transfers with Burn Concerns

Shibarium's mainnet sees about 200,000 daily transactions, with over 27 million $BONE gas fee tokens staked on the network. In the past 24 hours, $SHIB has increased by 2%, contributing an additional 82 million to its market capitalization.

Timeline of Shiba-inu

From mid-August to mid-September, the SHIB price trajectory has been primarily downward, plunging from $0.00001136 to $0.00000695, registering a 38% loss. This decline effectively nullified all the profits earned during the July rally, even diving beneath the 61.8% Fibonacci retracement level.

Swiss-based producer of hardware crypto wallets Tangem has announced that in just in two weeks – in October – it intends to launch a new update to make it easier for users to manage their crypto in their wallets.

The crypto market is gradually opening up a new era of temporary bullish surges, as marked by the more than 1.2% surge in combined crypto market capitalization to $1.06 trillion. Trailing this related uptrend are XRP and Shiba Inu (SHIB), two popular altcoins with a well-defined community of backers.

Behind the scenes of the Shiba Inu token (SHIB), a noteworthy surge of activity has emerged, closely tied to the actions of major token holders, often referred to as "whales" in the crypto community.

The Shiba Inu (SHIB) meme coin is sustaining its attempt to regain its lost valuation, and this time, it is concentrating its efforts on boosting sentiment by drawing on the positivity in its burn rate. The burn rate metrics, according to data from Shibburn.com, show that a total of 61,229,037 SHIB tokens had been incinerated in the past 24 hours, a figure that represents 62% growth at the time of writing.

Shiba Inu (CRYPTO: SHIB) has seen a 65% increase in its burn rate, with over 61 million of its tokens burned in the last 24 hours. What Happened: The spike in burning activity comes as Shiba Inu whales continue to accumulate SHIB tokens, indicating their growing interest in the digital asset at its current price.

As the cryptocurrency market shows minor signs of rebounding in the last 24 hours, Shiba Inu is signaling a potential bullish recovery as it approaches a key resistance level. After plummeting to its monthly support threshold, the SHIB token has staged a bullish turnaround, backed by mixed on-chain indicators.

Shiba Inu's marketing strategist, Lucie, recently took to X (formerly Twitter) to provide an insightful reflection on the multiple upcoming developments within the Shiba Inu ecosystem, including the eagerly awaited

Huobi Global, one of the top trading platforms renowned as a major backer of the Shiba Inu (SHIB) meme coin project, has announced its comprehensive rebranding to HTX. The move, according to the exchange, was targeted at creating a new identity for the firm after a cumulative 10 years since it began serving customers from around the world.

In a recent development, Robinhood, the popular U.S.-based trading platform, has witnessed an astonishing influx of Shiba Inu tokens (SHIB) into its wallets. Data extracted from the Etherscan explorer reveals an eye-popping acquisition of nearly a trillion SHIB tokens since the start of September.