NFT Project Pledges To Burn 2 Billion Shiba Inu
Cult Punks, the first NFT collection on the Modulus network, has pledged to buy back and burn Shiba Inu (SHIB) tokens with 2% of the funds realized from selling its NFTs. The project has also promised to dedicate 1% of the raise to support Shiba Inu leader Shytoshi Kusama’s women empowerment fund. Additionally, the Cult Punks team has promised to whitelist all addresses holding Shiba Inu-themed NFTs ahead of the Cult Punks mint event. If the collection is sold off at the whitelist price, 1% of the total sales will go into the women’s empowerment fund, while 2% will be used to buy back and burn SHIB tokens. If these funds are used to buy back SHIB, they will amount to 2.25 billion tokens.
Shiba Inu: Unification Eyes Shibarium DApp Development
Shibarium, a layer-2 scaling solution that has become popular for addressing issues related to transaction speed, will be more heavily involved in decentralized app (DApp) development with the help of Unification, a blockchain oracle provider. Unification is working to address the centralization of EVM node operations in managing Shibarium, and its upcoming tool UNODE, which will be launched in 2023, will provide a more secure and decentralized infrastructure for developers and DApps by using FUND as the transaction fee. This is poised to create infrastructure upon which DApps based on Shiba Inu can be built, powered by UNODE.
Jump in Shiba Inu Breed-Themed Tokens is Unsustainable, Warn Crypto Traders
Shiba Inu-themed memecoins, such as shiba inu (SHIB), floki (FLOKI), kishu inu (KISHU), and baby dogecoin (BABYDOGE), saw significant gains after Twitter replaced its logo with Dogecoin's Shiba Inu mascot. The sector jumped 14% on average, with some tokens surging as much as 25%. However, some traders warned that these moves are non-indicative of a broader trend and are unlikely to hold for the long term. Bonnie Cheung, head of strategy at crypto developer Sending Labs, noted that there could still be long-term growth for these tokens if fundamental features strengthen in the coming months. The launch of Shiba Inu's layer-2 protocol and the increased recognition of Dogecoin by Twitter and the payment world could help record more sustained growth over the long term.
Popular Crypto Strategist Predicts Major Rally for Dogecoin ($DOGE) and Shiba Inu ($SHIB)
In a series of tweets the pseudonymous cryptocurrency strategist Kaleo shared with their over 500,000 followers on the microblogging platform, they revealed that $DOGe has broken out above its high time-frame downtrend, and could be targeting the $0.25 mark, in a price rally that would more than double its current value of $0.097.
Radisson Hotel in Georgia Now Accepts Shiba Inu
Binance Pay is introducing Radisson Hotel, a leading global hotel group, to the crypto world. The hotel now accepts SHIB and crypto payments for reservations in Georgia through Binance Pay.
Burn Rate up 147% As Single Wallet Burns 18M Shiba Inu
Over 20 Million Shiba Inu (SHIB) Burned in the Past 24 Hours, 18.99 Million by a Single Wallet.
Ralph Lauren Now Accepts Shiba Inu at Miami Store
Ralph Lauren has partnered with BitPay to accept payments in 16 cryptocurrencies, including Shiba Inu, at its new luxury-themed retail concept store in Miami's Design District. This marks the first time Ralph Lauren accepts crypto payments in any of its stores, joining the growing list of companies that recognize the importance of crypto payments and blockchain technology. Customers can purchase a range of clothing, accessories, and one-of-a-kind handbags and accessories using their preferred crypto wallets, with refunds given in the same cryptocurrency used for the original payment. Ralph Lauren has also announced a multi-tiered partnership with Web3 leisure community Poolsuite, gifting all members a Poolsuite x Ralph Lauren NFT that will unlock access to an exclusive in-person event. The move follows similar steps taken by other luxury brands, including Gucci, which announced in May 2022 that it would accept payments in cryptocurrencies such as Shiba Inu, Bitcoin, Ethereum, and Dogecoin.
Whale Buys 229B Shiba Inu, Total SHIB Bought Reaches 3.73T
Whales Spend $42.81 Million to Buy 3.73 Trillion Shiba Inu (SHIB) in 24 Hours.
Crypto Community Estimates Shiba Inu ($SHIB) Price Will Remain Stable in April as Long-Term Holders Dominate Supply
The cryptocurrency community is expecting the price of the meme-inspired cryptocurrency Shiba Inu ($SHIB) is going to mostly trade sideways until the end of the month to trade at 0.0000113 per token, up from its current price tag of $0.00001125.
Google Searches for Dogecoin Explode Nearly 2,000% After Twitter’s $DOGE Logo Change
A recent analysis of Google search data has found that searches for the meme-inspired cryptocurrency Dogecoin ($DOGE) exploded nearly 2,000% in the past seven days after Twitter switched its logo to DOGE’s Shiba Inu, which led to a surge in buying interest.
Biggest Movers: DOGE up 30%, Following Twitter Logo Change
Dogecoin continued to trade close to a four-month high on Tuesday, following a 30% price surge to start the week. The rally came after Twitter changed its logo from the traditional blue bird, to a cartoon picture of Doge. Shiba inu was also higher, as it moved to a multi-week high.
Shiba Inu Rise As New Wallet Adds 3.5 Trillion Shib
New Shiba Inu Whale Emerges with Enormous 3.50 Trillion SHIB Purchase, Exclusively Holds SHIB Tokens.
CoinMarketCap Q1 Report Shows Shiba Inu Most Viewed Crypto Across All World Regions
According to CoinMarketCap's Q1 report, Shiba Inu is among the most watched cryptocurrencies on its platform, with over 12.5% views among investors in different regions, such as Africa, Asia, North America, Oceania, and South America. However, Shiba Inu has lower popularity in Europe, with only 11.56% views. The number of CoinMarketCap users with Shiba Inu on their watchlists has also gained momentum recently, with over 1.84 million users currently tracking the nascent digital currency's price movements. Shiba Inu has maintained a vibrant community despite its price falling below 86.82% from its record high of $0.00008616, with recent network activities contributing to its recent price surge.
$SHIB: Shibburn to Unveil Exciting SHIB-Powered Projects As Token Burn Reaches 41% of Initial Supply
Shibburn, the $SHIB burn tracker, plans to unveil Web3 projects for $SHIB HODLers as token burn reaches over 41% of the initial supply.
36K New Shiba Inu Addresses Interact on Network, Setting New Record
Shiba Inu has experienced a significant surge in network activity, with nearly 36,000 active addresses interacting on the SHIB network in late March, marking the highest spike to date. The surge is attributed to the success of Shibarium Public Beta Testnet, Puppynet, which has surpassed 200,000 wallet addresses and processed over 1 million transactions in just one week since its launch. The price of Shiba Inu has remained relatively stable, trading within a narrow range of $0.00000964 to $0.00001167 since March 3, but the growing community of holders and investors could push the price higher. Shiba Inu's Metaverse WAGMI Temple Hub has also caught the attention of Forbes, and $65.44 million worth of SHIB tokens have been transferred to a Coinbase-associated wallet.
Unknown Wallets Move 6.08T Shiba Inu To Coinbase
Unknown Wallets Moved over 6.08 Trillion Shiba Inu (SHIB) to Coinbase.
Shiba Inu's Testnet 'Puppynet' Sees Rising Activity Ahead of Shibarium Mainnet
Shibarium's native testnet, Puppynet, has processed over 700,000 transactions from just under 200,000 unique wallets since its launch on March 11. While Puppynet's activity has been brisk, upcoming features may boost the value of SHIB and BONE, two Shibarium ecosystem tokens. However, Rachel Lin, CEO of SynFutures, cautioned that any price spikes would likely be short-lived due to the current macroeconomic climate. Shibarium is a layer 2 blockchain focused on metaverse and gaming applications, as well as being a cheap settlement for decentralized applications built on the network.
Top Whale Buys Billions Of Shiba Inu (SHIB) Tokens, Burn Rate Jumps Over 700%
An ETH whale named "BlueWhale0073" has purchased 99.29 billion SHIB tokens worth $1.05 million, according to WhaleStats. The whale holds 65.83 billion SHIB tokens, the second-largest holding after ETH, and also purchased 985,593 MATIC tokens worth $1.08 million. The SHIB burn rate has increased by 719% in the last 24 hours, with the community burning 8.2 million SHIB tokens in six transactions, and 868 million SHIB tokens burned in the last 7 days. Shiba Inu price is trading sideways at $0.00001056, with trading volume decreasing by 21%. BONE price is trading at $1.05, down 3% in the last 24 hours.
Shiba Inu: Shibarium Intake Form Has Seen Over 7,000 Applications
Shibarium, the Shiba Inu layer-2 network, has received over 7,000 applications through its intake system within one month of its public release, highlighting the immense interest that Shibarium has garnered from the crypto community. Shytoshi Kusama, the community-appointed Shiba Inu project lead, noted the large influx of applications and the team's efforts to reply to everyone. The Shibarium intake form has designated several avenues through which interested parties can join the Shibarium project, including content creation, business integration, and becoming a validator.
Massive Accumulation as Whale Adds 99 Billion Shiba Inu
An Ethereum whale, "BlueWhale0073," has purchased 99.29 billion Shiba Inu tokens worth $1.05 million in one transaction, according to WhaleStats. Shiba Inu remains the top holding in dollar value for the 2,000 largest ETH whales, with $606.55 million held in their wallets. The attention among validators is increasing, with over 500 expressing interest in joining the network, and the Shiba Inu community is reducing the SHIB's supply by millions daily. Shiba Inu launched a new Twitter account for its non-fungible token (NFT) Shiboshi on March 28, which has already attracted 1,521 followers. As of press time, Shiba Inu is trading at $0.00001057.
