According to whale monitoring service WhaleStats, one of the largest whales on the Ethereum network, tagged as “BlueWhale0073,” has bought around 311.99 billion SHIB tokens for roughly $3.32 million in two separate transactions, after SHIB’ price dropped around 4.5% in a week.

Shiba Inu (SHIB) and SOV, which are gaining popularity due to their community-driven approach and viral marketing campaigns. These cryptocurrencies are often based on popular internet memes or cultural references, and are designed to appeal to a younger and more tech-savvy audience.

Whales have resumed their Shiba Inu buying spree as the meme coin price declined alongside the global crypto market. According to the WhaleStats report, a top ETH whale picked up $3.22 million worth of SHIB tokens over the past 24 hours.

One of the largest Ethereum whales has purchased $3.32 million worth of Shiba Inu (SHIB) through two separate transactions in the past 24 hours, according to WhaleStats. The whale, ranked #254 on WhaleStats, accumulated 311.99 billion SHIB in total. This purchase comes after SHIB experienced a dip in price towards a critical support level of $0.00001017 on the daily chart. Despite the dip, SHIB has maintained its short-term uptrend, with the price currently trading sideways within a range of $0.000001017 to $0.00001190 since March 12th. However, Shiba Inu bulls must defend the $0.000001017 level to continue the uptrend. If SHIB fails to do so, the bears could push the price down by 20% to the next support level of $0.00000820.

According to data from SHIB burn tracker Shibburn, the SHIB burn rate has jumped by over 3,500% when compared to the previous 24-hour period, as 9 million tokens were burned. While the figure is at first significant, it’s worth noting that it’s relative to the previous day. When looking at SHIB’s total circulating supply, the figure is relatively low.

The MEXC announcement has elicited excitement among Koyo Token and Shiba Inu proponents, given the project’s friendly attachment to SHIB.

Shiba Inu ($SHIB), a decentralized cryptocurrency project inspired by the popular internet meme of the Shiba Inu dog breed, has made significant strides in its “SHIB: The Metaverse” project.

In the past 24 hours, the Shiba Inu Community has removed 8 million SHIB from circulation through a single transaction, causing a 3500% surge in the overall burn rate of SHIB. However, it's important to note that the recent surge appears massive in comparison to the meager 250,000 SHIB burned on April 19th. In the past 7 days, the community has taken out 1.8 billion SHIB from circulation through multiple transactions. The total supply of SHIB is currently 589.36T, with the community having burned 410.63T and only 574.02T in circulation. The remaining 15.34T has been staked onto the ShibaSwap DEX by long-term investors.

A recent CNBC article explored the possibility of Shiba Inu (SHIB) surpassing Dogecoin (DOGE) in market capitalization next year. The article considered the utility and on-chain data about both assets. While DOGE currently has a market cap of $12.59 billion and SHIB has a market cap of $6.42 billion, the report noted that SHIB has a broader range of utilities than DOGE, including decentralized exchange ShibaSwap, the Shiba Inu Metaverse, games like Shiba Eternity, and the highly anticipated Shibarium layer-2 solution. On-chain metrics, such as daily active addresses, show DOGE's significant lead over SHIB, but SHIB shows promise due to its strong community support and diverse use cases. The report did not rule out the possibility of SHIB surpassing DOGE at a later time.

Leading cryptocurrency payment gateway BitPay has recently announced a partnership with London-based fintech firm Ramp Network to provide its users with the option to purchase over 20 supported cryptocurrencies, which include the meme-inspired token Shiba Inu ($SHIB).

PEPE coin, a meme-inspired cryptocurrency, has gained significant attention after surging over 21,000X. Trust Wallet, owned by Binance and one of the most well-known crypto wallets, recently added support for PEPE as the coin trended highly on social media.

Binance has partnered with Lithuania-based fintech company CoinGate to allow Binance Pay users to make payments across CoinGate-powered merchants using Shiba Inu (SHIB) and other Binance Pay-supported cryptocurrencies. Binance Pay currently supports over 70 cryptocurrencies, including Bitcoin, Binance Coin, Cardano, Ethereum, Dogecoin, and Polygon. This partnership is part of Binance's commitment to drive the mainstream adoption of crypto payments through its Binance Pay solution, which allows users to pay for goods and services across supported merchants using cryptocurrencies. Since SHIB was added to Binance Pay's list of supported crypto assets in November 2022, several merchants have collaborated with Binance to accept SHIB payments, including UAE-based shopping mall and retail conglomerate Majid Al Futtaim, Ukrainian top food chain retailer Varus, and Romania's biggest ticketing platform Entertix. With over 200 merchants integrating its payment solution into their online stores, CoinGate supports SHIB alongside more than 70 other cryptocurrencies.

Turkey accounts for the most Google searches for “Shiba Inu coin” in the past three months.

Love Hate Inu is a new cryptocurrency project that has raised $44 million in a private sale. The project is designed to be a rival to Shiba Inu, another popular cryptocurrency that has gained popularity in recent months.

A new Shiba Inu whale has appeared with a massive 3.48 trillion SHIB purchase and becomes the 29th biggest Shiba Inu holder. This recent purchase showcases the growing interest of crypto whales on SHIB after the Shibarium Beta Testnet, Puppynet launch.

A newly born whale in the crypto market has purchased $39.93 million worth of SHIB in a single transaction, adding 3.48 trillion SHIB to their wallet and becoming the 29th largest holder of SHIB, according to data from Etherscan.io. This follows other large transactions from top SHIB whales in the past five days, accumulating a total of 3.65 trillion SHIB worth $41.82 million. The renewed interest in SHIB comes after the launch of Shibarium Beta Testnet, or Puppynet, which has seen a 24% increase in wallet addresses in the past two days and already processed 3.27 million transactions with an average block time of 5 seconds. Shytoshi Kusama, lead developer of Shiba Inu, has confirmed the launch of ShibaSwap 2.0 but has not disclosed a timeline for the launch.

Binance has announced that it will move Shiba Inu (SHIB), 1INCH, Trust Wallet Token (TWT), and Frax Share (FXS) out of its Innovation Zone. The tokens will be available to users from April 18. Binance periodically reviews projects listed in the Innovation Zone, taking into consideration factors such as the project team's commitment, development activity level and quality, trading volume and liquidity, network stability and safety, and community size and communication. Binance also checks for project responsiveness to periodic due diligence requests, contributions to the crypto community, and evidence of unethical practices and negligence. Shiba Inu has seen significant trading volume, development activity, and community participation after the release of Shibarium Beta "Puppynet" last month, with the number of wallets holding SHIB and collaborations with Shibarium on the rise. (coingape)

The total number of wallets on the Shibarium testnet were 3.1 million on April 13, which now stands above 5M.

Etherscan.io data reveals that the 29th biggest Shiba Inu Whale has dumped an eye-watering 538,000,000,000 (538B) SHIB, worth $6,074,020 ($6.07M) through five significant transactions in the past twelve days.

According to the data, first spotted by users on the microblogging platform Twitter, Koyo burned an astounding 1.49 billion SHIB tokens in a transaction that helped the burn rate of the meme-inspired cryptocurrency surge over 30,000% in the last 24-hour period.