Ethereum-based PEPE token has surged by over 120% in the last 24 hours, becoming the world's third-largest meme coin by market capitalization. The digital asset was launched on April 17 and has rapidly climbed to a current market cap of $578 million, generating enormous profits for early investors.

A big Shiba Inu whale recently accumulated 150.55 billion SHIB, worth $1.55 million, in three separate transactions within 24 hours. The 19th-largest SHIB holder increased their total holdings to 5.18 trillion SHIB, valued at $53.3 million.

A major Shiba Inu whale has added $1.55 million worth of SHIB in the past 24 hours, according to Etherscan.io data. The whale purchased a total of 150.55 billion SHIB in three separate transactions, with the largest transaction worth $1.11 million. The top SHIB whale now holds 5.17 trillion SHIB, worth $53.33 million. In addition, the Shiba Inu community burned 1 million SHIB in one transaction in the past 24 hours, causing the overall burn rate to exceed 1998.02% compared to the previous day. As of press time, Shiba Inu is trading at $0.00001029, up 0.44% over the last day with a 24-hour trading volume of $98.03 million.

Data from the blockchain shows that a significant majority of investors that purchased Dogecoin ($DOGE) and Shiba Inu ($SHIB) rival memecoin Floki ($FLOKI) are currently underwater, meaning they’re sitting on unrealized losses.

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Love Hate Inu, the hot new meme coin, has raised over $7.7 million from enthusiastic investors who are excited about its unique vote-to-earn feature and its potential for significant growth.

Blockbank adds SHIB to the EARN program and offers up to 5% APY for staked tokens, benefiting long-term SHIB holders. It has taken another step toward expanding its support for Shiba Inu. In a recent announcement, blockbank added SHIB to its EARN program. This move is expected to benefit the long-term SHIB holders significantly, allowing them to earn interest of up to 5% APY on their staked SHIB tokens.

Singapore-based crypto exchange, Deepcoin lists Shiba Inu’s Bone ShibaSwap (BONE).

The cryptocurrency market has been highly volatile in recent weeks, with Shiba Inu making headlines as a popular meme-inspired cryptocurrency.

NOWPayments plans to extend its support for Shiba Inu by integrating Shibarium into its platform.

The tournament is scheduled to be held on April 29.

Binance.US has backed out of a deal to acquire bankrupt Voyager's assets, including over 3.1 trillion Shiba Inu tokens, leaving them at risk of a selloff. Binance.US cited growing regulatory uncertainty surrounding the crypto scene in the United States for its decision, despite a court giving the go-ahead for the acquisition. The termination of the acquisition deal indicates that Voyager will continue to liquidate its crypto holdings as initially intended in an attempt to raise liquid funds to make affected customers whole. These holdings include a 3.1 trillion Shiba Inu balance in one of its wallets. It remains to be seen how this systematic dump will affect the market, although market participants believe the impact will be minimal or nonexistent.

Shytoshi Kusama, the pseudonymous lead developer of Shiba Inu, has shared an exciting message with the SHIB community in the official Shibarium Telegram group today. It comes at a time when the SHIB price is facing a make-or-break moment, as NewsBTC reported yesterday.

blockbank, a global all-in-one neo banking institution headquartered in Lithuania, has listed Shiba Inu (SHIB) on its CeFi platform.

Shiba Inu has seen a significant drop in its burn rate over the past week, with the community collectively destroying 305.77 million SHIB through multiple transactions. This represents a 90.11% decrease compared to the previous week when 1.91 billion SHIB were removed from circulation. In the past 24 hours, 19.17 million SHIB were burned through four separate transactions, representing a 103.99% increase from the previous day. Shiba Inu has also claimed the top spot on CoinSwitch's most traded cryptocurrency list, surpassing Bitcoin, Ethereum, and Dogecoin. Certik, a well-known blockchain security company, has acknowledged Shiba Inu's remarkable evolution from a meme token to a thriving decentralized ecosystem and has given it an exceptional security score of 94.30.

Binance, the world's leading blockchain ecosystem and cryptocurrency infrastructure provider, has partnered with international payment service provider ivendPay to enable Binance Pay users to buy goods and services from ivendPay's global network of over 400 merchants using more than 70 cryptocurrencies, including Shiba Inu. ivendPay offers a range of payment options to businesses, making it easier for them to accept cryptocurrency payments. The partnership comes as ivendPay focuses on expanding its services in the European market, with Portugal being a top priority. Binance has also moved Shiba Inu out of its innovation zone in response to the surge in social activity surrounding the ecosystem. In addition, gold dealers such as APMEX, American Gold Exchange, Bullion Exchanges, and Best Bullion have joined forces with crypto payment gateway BitPay to allow customers to purchase gold using Shiba Inu.

Shiba Inu (SHIB) is currently resting on a solid support level at $0.00001, leaving market participants speculating about its future moves. The coin may rebound from this level and resume its uptrend if the RSI climbs higher and trading volume picks up. Alternatively, SHIB may consolidate in a narrow range if the RSI remains stable and trading volume remains low, or it may experience further declines if selling pressure increases and the RSI drops. Traders may wait for clearer signals before making trades, as consolidation phases can last for extended periods before a decisive breakout occurs.

CoinSwitch, one of the largest exchanges in India, revealed that Shiba Inu was the most traded asset on its platform from April 15 to 20, towering over BTC.

BitPay now allows customers to buy gold with cryptocurrencies it supports, such as Shiba Inu (SHIB). The move is part of BitPay's effort to expand the use of cryptocurrencies beyond speculation and store of value. Shibarium, the layer-2 network solution for the Shiba Inu ecosystem, has surpassed the 14 million wallet threshold just four weeks after the developers relaunched it with an updated Chain ID.

Binance, the world’s largest cryptocurrency exchange by trading volume, has announced a strategic partnership with Lithuanian fintech firm CoinGate, allowing Binance Pay users to conduct transactions at CoinGate-affiliated merchants using Shiba Inu ($SHIB) and other Binance Pay supported digital assets.