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.

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.

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. 

Lookonchain revealed that three smart moneys made millions of dollars by investing in two cryptocurrencies, $SHIB and $PEPE, early on.

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.

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, 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.

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.

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.

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 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’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. 

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.

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.

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.&nbsp;

According to CoinGecko’s&nbsp;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.

Shiba Inu recently announced that they had received nearly 300 enterprise requests for full node integration with their Shibarium network.

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.

The latest burn transaction occurred a few hours after the Cult Punks NFT project incinerated 246 million Shiba Inu tokens.

Shibburn reports that over 3.26 billion Shiba Inu tokens were burned in April 2023 across 125 transactions. These figures are lower than the total SHIB burns in March 2023, which was 6.78 billion SHIB tokens burned through 540 transactions.