OKCoinJapan to List Polygon-Based Shiba Inu Tokens on Trading Platform
OKCoinJapan has announced that it will list new tokens, including Polygon-based Shiba Inu (SHIB). The platform will support the Polygon variant of DAI SHIB tokens for trading starting from September 7. This move shows OkCoinJapan's commitment to supporting the Shiba Inu memecoin and its ecosystem. <br>
Shibarium Surpasses 100,000 Wallets After Relaunch, SHIB Price Increases
Shibarium, a layer-2 blockchain for Shiba Inu, has exceeded 100,000 wallets on its platform, with 35,000 added within 24 hours of its relaunch on August 28th. The lead developer and co-founder of Shiba Inu, Shytoshi Kusama, confirmed the relaunch and noted that Shibarium had 65,000 wallets across 350,000 transactions.
Shiba Inu Lead Developer Releases Final Shibarium Scaling Update
Shytoshi Kusama, the lead developer of Shiba Inu, has announced the reopening of the L2 network to the public after successfully scaling Shibarium. Kusama expressed his gratitude to Polygon, Unification, and other developers for their support during the mainnet down situation. Shibarium has accumulated over 65,000 wallets and 350,000 transactions, and its mainnet has been producing blocks since August 24.
Shiba Inu and Litecoin Show Signs of Recovery Amidst Altcoin Correction
Altcoins, including Shiba Inu (SHIB) and Litecoin (LTC), have faced correction this month alongside Bitcoin, but there are signs of recovery. Despite the Shibarium launch experiencing major issues, over 2 trillion SHIB tokens have been withdrawn from exchange wallets in the past week, potentially leading to a supply squeeze and impacting SHIB's price.
About 342,020,540 SHIB were destroyed in the past day
According to a report by Jinse Finance, approximately 342,020,540 Shiba Inu (SHIB) tokens were burned in the past day, as shared by the SHIB burn tracker Shibburn. It is worth noting that the burn rate of Meme coins has increased by over 300% in the past 24 hours.
SHIB Worth Over $38 Million Moved From Unknown Wallet To Unknown Wallet
According to Whale Alert monitoring data, 4,669,778,173,637 SHIB (worth $38,707,791) was transferred from an unknown wallet to another unknown wallet.
Huge SHIB Whales Move $130 Million Amid Shibarium Launch
In the aftermath of the failed launch of Shibarium, whale addresses moved a total of $131.57 million in 29 transactions with a minimum of $1 million each. The transactions occurred since August 16, just before Shibarium's official launch, and were gathered on August 18, a day after the reported failure of the protocol.
Shibarium Network Restarts After Traffic Issues, Shiba Inu Funds Safe
Shibarium, the layer-2 blockchain network of Shiba Inu, has resumed producing blocks after a temporary shutdown due to high traffic. The lead developer confirmed that the funds are safe and there are no issues with the bridge or chain.
Voyager Sells Millions Worth of Crypto Assets, Including 1.4 Trillion SHIB, on Coinbase Amid Bankruptcy Process: On-Chain Data
Crypto lender Voyager is selling off its Shiba Inu holdings as it liquidates millions of dollars worth of assets on Coinbase. The company has sold 49 different tokens on the platform, with Shiba Inu making up almost 23% of the total sale.
SHIB worth more than $43 million transferred
Data shows at 4:14 pm Beijing time, 4,712,881,590,632 SHIB (worth approximately $43,285,460) was transferred from an unknown wallet to another unknown wallet.
Shiba Inu Tokens Slump as Shibarium Network Faces Bridging Issues
Shiba Inu's SHIB tokens experienced a 9% drop in value due to bridging issues reported by users after the launch of the Shibarium network. Transactions on the network were stalled for at least five hours, and attempts to add the network to a commonly-used crypto wallet failed.
Shiba Inu put forward Shibarium main network
Shiba Inu has launched the Shibarium mainnet, which is an Ethereum L2 scaling solution. Shibarium will utilize Heimdall validators and Bor block production nodes, similar to the Polygon ecosystem. Heimdall will be based on the Tendermint consensus engine, while Bor will be fully interoperable with the Ethereum Virtual Machine. <br>
A Bitcoin Warning Signal Blares From Surging Interest in Shiba Inu
Open interest or the dollar amount locked in open SHIB futures contracts has topped $100 million for the first time since February.
Nearly $48 million worth of SHIB transferred
According to Whale Alert monitoring, 4,599,850,345,603 SHIB ($47,994,838) was transferred from an unknown wallet to another unknown wallet.
Shiba Inu Teases Community with Hint Ahead of Shibarium Mainnet Release
The Shiba Inu team has hinted at the upcoming release of the Shibarium mainnet, which was confirmed by lead developer Shytoshi Kusama at the Blockchain Futurist Conference and ETH hackathon in Canada. The price of the SHIB token has been steadily increasing in the lead up to the release, while the rest of the crypto market remains stagnant. The Shib Token official Twitter account has teased the launch with a "Soon" comment, and a recent transfer of SHIB to a dead wallet has sparked speculation about how the Shibarium launch will affect the token's price. Traders are eagerly awaiting the release, with the possibility of a 12.8% jump in price if the memecoin breaches $0.0000105.
Voyager Transfers 1,500 ETH and 250 Billion SHIB to Coinbase
As monitored by on-chain analyst Yu Jin, an hour ago, Voyager transferred 1,500 ETH ($2.77 million) and 250 billion SHIB ($2.7 million) to Coinbase. In addition, Voyager is consolidating all remaining tokens in its wallet addresses to its main address. The cryptocurrency claims of Voyager users have ended, and the final fiat compensation process should now be underway: selling the remaining cryptocurrencies and compensating users in USD.
Shiba Inu's Large Holders Inflow Jumps 2,210% in Last Seven Days
According to data from IntoTheBlock, there has been a massive 2,210% increase in inflow from large holders of Shiba Inu in the past week. however , SHIB is currently experiencing a price drop due to profit-taking, with a decrease of 4% in the past 24 hours.
Whale Acquires Over $40 Million Worth of Shiba Inu in Single Transaction
A new whale has made headlines by purchasing over $40 million worth of Shiba Inu (SHIB) in a single transaction, amassing 4.41 trillion SHIB tokens and becoming one of the largest SHIB holders. This impressive feat coincides with SHIB's recent bullish momentum, which has seen the token surge over 25% in price in the past month and break through the psychological resistance level of $0.00001. The chief creator of SHIB, Shytoshi Kusama, has also taken a proactive stance against false information and scams related to the meme coin. Additionally, interest in Shibarium and its potential effects on the SHIB ecosystem is growing, with SHIB showing tenacity by increasing over 9% in the last seven days.
Analyst Predicts Imminent Correction for Shiba Inu Following Latest Rally
According to analyst Cheds, Shiba Inu's recent surge may be a trap for bullish investors hoping for a reversal in the memecoin's trend. Cheds believes that the rally is occurring within a larger downtrend and that it will likely lead to a short position. The analyst notes that exhaustion is setting in among bulls and that a blow-off top may have been printed on the four-hour chart. However, Cheds' bearish stance would be invalidated if SHIB rallies above $0.00001075.
Shiba Inu's Burn Rate Jumps 100%
Shiba Inu, has seen a 100% increase in its burn rate, which has caused speculation about its potential impact on the token's value and long-term prospects. In the past 24 hours, Shibburn reported that 62,987,547 SHIB tokens were transferred to "inferno" wallets, with the largest transaction being 34,547,609 SHIB.
