On Monday, the price of Shiba Inu (SHIB) experienced volatility, rising to $0.000009 before dropping to $0.0000087, where it currently sits with a 3% increase. The rise may be attributed to large buyers, as SHIB whales purchased over 21.5 trillion tokens last week.

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.

Multiple crypto exchanges have listed meme coin Shiba Inu's BONE token amid rising demand from the community. This move comes after major exchanges such as OKX and Huobi also listed BONE.

BitPay has unveiled several ways for investors to purchase gold using Shiba Inu and other cryptocurrencies. The payment service provider enables users to buy gold from reputable dealers or use the BitPay card to make purchases with any Mastercard-accepting merchant. BitPay's solution caters to crypto investors who want to diversify their portfolios with precious metals, without needing fiat currency.

Over the past week Shiba Inu’s (SHIB) market capitalization increased above Tron (TRX) for the first time. Currently ranked the 14th largest cryptocurrency in the world, Shiba Inu has a market cap of $6.4 billion, compared to Tron’s (TRX) $5.8 billion. While the two compete, Collateral Network (COLT) is making waves in the presale market, having already increased in value by 40% since beginning its presale.

Renowned US glass sculptor Jack Storms will soon be accepting Shiba Inu payments at his store, as an NFT collection featuring his works is set to launch on Shibarium, Shiba Inu's L2 solution.

The $SHIB burn rate surged by nearly two million percent in a 24-hour period, fueling bullish sentiments and optimism within the Shiba Inu community. Shiba Inu is a decentralized cryptocurrency project inspired by the popular internet meme of the Shiba Inu dog breed, with its primary token, $SHIB, functioning as a decentralized, community-driven currency accessible to millions worldwide.

SHIB prices were down 10% in the past 24 hours, data shows.

Shiba Inu (SHIB) prices fell 10% in the past 24 hours amid drama surrounding the codebase of the upcoming Shibarium blockchain. The much-awaited Shibarium blockchain released its beta version for the layer 2 network last week, as CoinDesk reported. A beta testnet is a blockchain that mimics real-world functioning. Layer 2 refers to a set of off-chain systems (separate blockchains) built on top of layer 1 protocols that reduce bottlenecks with scaling and data. However, the euphoria surrounding the launch paused on Thursday morning after a top-ranked community member on Shiba Inu’s Discord channel flagged concerns. The concerns came from Shibarium beta testnet using the same Chain ID as an existing blockchain. (Coindesk)

Shiba Inu (SHIB) has been making waves in the cryptocurrency market, becoming one of the top 20 most traded coins within a 24-hour period.