US and India Lead Meme Coin Craze, Shiba Inu Reigns Supreme: CoinGecko
Shiba Inu is the most popular meme coin in both countries, generating 60.7% of US interest and 55.8% of India's interest in meme coins.
Binance Suspends Market Order Functions For SHIB, FLOKI, PEPE
Binance, the world's largest cryptocurrency exchange, has announced the suspension of market order functions for selected spot and margin trading pairs, including meme coins such as Shiba Inu (SHIB), FLOKI, and PEPE, from May 7 until further notice. The "Market Order - Total" feature for selected spot and margin trading pairs will be suspended, but the manual input to "Market Order - Amount" remains available for placing market orders. The changes mostly impact meme coins such as SHIB, FLOKI, and PEPE, and the market order functions are also suspended for almost all trading pairs listed against BIDR. The restrictions are likely due to volatility and risks in trading meme coins. FLOKI and PEPE coins are trading with massive trading volume after listing on Binance, with FLOKI trading at $0.0000435 and PEPE trading at $0.00000308. SHIB price trades at $0.0000097, down 2% in the last 24 hours and 6% in a week.<br>(By Varinder Singh)
How 10 Meme Coins Make Millionaires
Meme coins are a very risky type of crypto because they are based on Internet cultural references. The price movement depends on whether the meme coins can stay relevant by driving hype or support among the community, and lack fundamental value.
Shibarium Update: Shiba Inu Influencer Shares Development Status and Timeline
The Shiba Inu project has developed Shibarium, a layer 2 blockchain, to overcome Ethereum's limitations, including slow speeds and high transaction costs. Shibarium is currently in beta testing, and the project is fully focused on executing their plans and driving the project forward. The release timeline for Shibarium depends on the progress made during beta testing and subsequent audits. Safety and rigorous crush tests are essential, and long-term investors should understand these measures. Shibarium has successfully processed over 5.2 million transactions, and the number of wallet addresses engaging with the Shibarium beta has reached 14.3 million. Gas fees are currently at a mere 2.0 Gwei, making transactions practically cost-free. The Shiba Inu ecosystem comprises three unique tokens, each serving a particular purpose within the project: SHIB, BONE, and LEASH.
3.9B Shib Burned in 7 Days, 1.69M in 24 Hours
The Shiba Inu community has burned a massive amount of SHIB coins, with 1.69 billion SHIB burned in the past 24 hours and 3.9 billion tokens burned in a week. The burn rate has skyrocketed by 50,695.69% in just one day, with all the burns coming from a mysterious wallet. The total SHIB supply is now reduced to 589.36 trillion, with 574.17 trillion SHIB currently in circulation. Shiba Inu has emerged as the most popular meme-based token in the United States and India, and Binance has added it to its Auto Invest program.
Three Smart Moneys Make Millions of Dollars by Early Investing in SHIB and PEPE: Lookonchain
Lookonchain revealed that three smart moneys made millions of dollars by investing in two cryptocurrencies, $SHIB and $PEPE, early on.
40% of World Websites Can Now Accept Shiba Inu Payments
Binance has launched the Binance Pay WooCommerce plugin, allowing merchants to accept Shiba Inu payments on their WordPress websites. The payment feature is designed to power all WordPress stores, enabling 40% of the world's websites to accept Shiba Inu as a payment method. Merchants can also accept other Binance Pay-supported cryptocurrencies as payments, as Binance Pay supports over 70 cryptocurrencies. The plugin allows merchants to expand their customer base and reduce transaction fees. Binance has continued to expand Shiba Inu's use as a payment method, with users able to spend the crypto asset at stores and businesses that accept the payment service. The development comes less than a month after Binance partnered with international payment service ivendPay, allowing Binance Pay users to pay for goods and services across over 400 merchants using their Shiba Inu tokens.
Shiba Inu Burn Rate Skyrockets 39,000% After Mysterious Wallet Burns 1.69 Billion $SHIB
Popular Shiba Inu ($SHIB) burn tracking portal Shibburn is reporting that a mysterious whale in the meme-inspired cryptocurrency’s ecosystem has, in a single transaction, removed a staggering 1.69 billion SHIB tokens from circulation, resulting in a monumental 38,986.28% increase in the Shiba Inu coin’s burn rate over the past 24 hours.
Binance Expands Investment Product to Include Shiba Inu, Others
Binance, one of the world's largest cryptocurrency exchanges, has announced that it is expanding its investment product offerings to include several new coins, including Shiba Inu and several others.
Move Over Shiba Inu and Doge, There’s a New Top Dog (or Frog) in Town
A newly-created token named after the ‘Pepe the Frog’ meme has recently taken the meme-coin crown, hitting a market cap of half a billion dollars within two weeks of launch.
Mystery Wallet Burns 1.69 Billion Shiba Inu, Will It Result In Price Bump?
A mystery wallet has burned 1.69 billion Shiba Inu tokens, raising questions about the potential impact on the price of the cryptocurrency. The wallet, which is believed to be controlled by the Shiba Inu development team, burned the tokens in a move that is seen as an effort to reduce the supply of the token and increase its scarcity.
Someone Burns1.69 Billion Shiba Inu, Burn Rate Up 39K%
Shiba Inu's burn rate has increased by 38,986.28% in the past 24 hours, as a mysterious wallet burned over 1.69 billion Shiba Inu in a single transaction, marking the third-largest burn transaction of the week. The Shiba Inu community has removed a total of 3.98 billion SHIB through multiple transactions in the past seven days. In contrast, a major Shiba Inu Whale recently added 221.72 billion SHIB to her wallet in a single transaction. Shiba Inu is currently trading at $0.000009945, down 1% over the last day, with a 24-hour trading volume of $94.68 million.
CoinGecko: A $12 Shiba Inu Investment in 2021 Yielded $1M
CoinGecko, a prominent cryptocurrency price-tracking platform, conducted a comprehensive analysis of the most popular meme coins during their peak periods. The study results reveal that Shiba Inu (SHIB) yielded the highest returns during its bullish phase, as investors could have potentially earned $1 million with a mere $12 investment.
India Leading Exchange Announces 150M Shiba Inu Giveaway
India’s leading cryptocurrency exchange SunCrypto has taken to Twitter to announce a 150 million Shiba Inu giveaway. The exchange noted that it would distribute the 150 million SHIB tokens to 100 lucky winners. Following the announcement, each winner will receive a total of 1.5 million Shiba Inu tokens.
Mysterious Wallet Burns Over 2 Billion Shiba Inu (SHIB) in One Transaction
The ShibArmy continues to burn billions of SHIB tokens to reduce the hyperinflated supply of the meme token, with several independent projects supporting the mission. A recent burn transaction saw over 2 billion SHIB tokens transferred to a dead wallet, removing them from circulation. The identity of the enforcer(s) behind the burn remains unknown, but some community members believe it may have been the team behind the Blaze project, which claims to be on a mission to "burn trillions of SHIB". The Blaze project has not taken credit for the burn, but founder Levi Rietveld tweeted about completing its first-ever SHIB burn shortly before the transaction took place. Despite the ongoing burns, it should be noted that SHIB's value remains highly volatile and speculative, and investors should approach it with caution.
TREAT and SHI Not Out Yet As Shiba Inu Leader Warns of Fake Tokens
According to Shytoshi Kusama, the Shiba Inu lead developer, any new token claiming to have been created by the Shiba Inu team is fake, as the team has not yet released the TREAT and SHI tokens.
Popular Bitcoin Early Investor Ready to Sell Cardano (ADA) for Shiba Inu (SHIB)
As per the short clip <a href="https://twitter.com/BezosCrypto/status/1652687154869567496?s=20" target="_blank">shared</a> on April end, DaVinci Jeremie, the early Bitcoin proponent and investor noted that he is willing to dump the native token of the popular smart contract platform Cardano to accumulate more SHIB and DOGE tokens.
Shiba Inu Most Popular In US, India Beats PEPE & Babydoge
According to CoinGecko’s report today, Shiba Inu is the most popular meme coin in the United States, representing 60.78% of the country’s interest in meme-based cryptocurrencies beating PEPE, which garnered 11.8% in the US.
300 Enterprises Request for Shiba Inu’s Shibarium Full Node Integration
Shiba Inu recently announced that they had received nearly 300 enterprise requests for full node integration with their Shibarium network.
Shiba Inu Community Burns Over 3 Billion $SHIB Tokens in April
The Shiba Inu ($SHIB) community has eliminated a staggering 3,269,676,832 (3.26 billion) SHIB tokens from circulation in April 2023, in a reduction to the meme-inspired cryptocurrency’s total supply that was achieved through a total of 125 transactions.
