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.

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.

Bloomberg Intelligence Senior Macro Strategist Mike McGlone sounded the alarm on the potential perils of investing in meme cryptocurrencies, Dogecoin (DOGE) and Shiba Inu (SHIB), amidst a brewing economic storm.

A massive whale in the ecosystem of the meme-inspired cryptocurrency Shiba Inu ($SHIB) has expanded its portfolio to nearly 5 trillion tokens after adding an additional 171.68 billion SHIB for around $1.88 million through four different transactions.

Shibarium and NOWPayments — NOWPayments, a Netherlands crypto payment gateway has teamed with Shiba Inu to build on its ecosystem. This move will help to increase crypto payment adoption and also will help to give strength to the Shiba Inu ecosystem.

Shibarium’s Puppynet beta testnet has seemingly captivated the community behind the meme-inspired cryptocurrency Shiba Inu ($SHIB), registering over 550,000 wallet addresses and processing in excess of 2.5 million transactions within a mere three weeks since its inception, according to blockchain data.

The Shiba Inu community continues its burn spree, with approximately 35 million SHIB burned in one day. According to the update from Shibburn, 25 million of the total burned tokens came from a single wallet.

Over the past 24 hours, the Shiba Inu community destroyed over 100 million SHIB by sending the tokens to Shiba Inu’s dead wallet, a token-burning mechanism that crypto protocols use to control the number of circulating tokens in the market.

BlueWhale0073, the 254th biggest ETH Whale, has acquired $1.65 million worth of Shiba Inu (SHIB) in a single transaction, adding 148.78 billion SHIB to her wallet. This follows her previous purchase of $2.58 million worth of SHIB on April 5th. In total, BlueWhale0073 has acquired 378.74 billion SHIB, valued at $4.23 million, in the past 72 hours. The ongoing positive developments in the Shiba Inu ecosystem, such as Crypto.com's support for SHIB and its governance token BONE, and Uphold's Proof-of-Reserves data showing it holds over 921 billion SHIB, may be contributing to the whale's accumulation spree. As of press time, SHIB is trading at $0.00001095, down 2.42% over the last day with a 24-hour trading volume of $207.15 million.