In the past 24 hours, over 1.24 billion Shiba Inu (SHIB) tokens were burned, with 1.23 billion of them burned by a single wallet. This was achieved through three transactions, with Blaze Token executing the largest burn of the day. This brings Blaze Token's total number of burned SHIB to 7.95 billion. The burn rate of SHIB has increased by 2344.56% over the past day due to this massive burn transaction. Additionally, Shiba Inu has secured listings on two major exchanges.

Meme coins such as Dogecoin (DOGE) and Shiba Inu (SHIB) gained popularity for their explosive price gains and volatile trading, but have since taken a back seat in the new meme coin frenzy. Many crypto watchers and investors are wondering whether these two coins will go up or down.

Brazilian crypto enthusiasts now have the opportunity to trade and invest in Shiba Inu (SHIB) as Digitra.com, a leading digital asset trading platform, has listed it among its tradable tokens. This move is expected to increase the customer base of Digitra.com, which has quickly established itself as a leading player in the digital asset exchange industry. SHIB, often called the “Dogecoin Killer,” has gained immense popularity in the crypto community due to its viral marketing campaign and dedicated online community. Digitra.com has also launched an exciting giveaway contest to mark the occasion, which is open to all verified account holders of the platform.

The Shiba Inu (SHIB) price has reached the support line of a long-term pattern, which will determine its future trend. If the price breaks down, a new bearish trend will begin, but if it bounces, it will increase to the triangle's resistance line. The daily analysis shows that the price of the Shiba Inu coin has been trading within a symmetrical triangle since June 2022. The RSI is currently below 50 and declining, but it has also entered oversold territory, which could lead to a potential upward movement in the near future. A breakout from the descending channel is likely to trigger an upward price movement toward the resistance line of the long-term triangle.

Pepe coin (PEPE) has seen a decrease in trading volume, which could indicate a shift in investor interest. Memecoins like PEPE are considered risky due to their high volatility, so caution is advised.

The Shiba Inu (SHIB) community is concerned about the significant drop in token burn rate by 70% in the past week. This decline has raised questions about its relation to the recent surge in Ethereum gas fees, which have reached a 12-month high of 87 gwei before dropping to an average of 80 gwei. As a result, SHIB token burns have decreased due to the rising costs associated with using the Ethereum network. This has impacted the cryptocurrency market, particularly ERC20 tokens like SHIB. If the fees decrease, there may be a resurgence in SHIB token burns.

CoinMENA, a Sharia-compliant digital assets platform, has hinted at its next potential listing in a recent tweet. The platform dropped a cryptic clue, stating that it would add support for a canine-themed cryptocurrency that Elon Musk doesn't tweet about. This has sparked speculation that Shiba Inu might be the next digital asset featured on CoinMENA's platform.

UQUID, the world's first Smart Shopping Market on Web3 and Metaverse, has announced that SHIB tokens are now accepted for mobile top-ups and other e-commerce services. This integration will allow SHIB token holders to use their tokens to top up airtime on their phones, shop online, and explore the upcoming SHIB metaverse. The community of passionate SHIB supporters, SHIBARMY, is excited about this new development, given that adding SHIB to UQUID's payment options is a major step forward for Shiba Inu. Additionally, Nuxgame has integrated CoinPayments' crypto payment gateway to allow users to make payments with SHIB, tapping into the rapidly growing crypto market and attracting a new generation of gamers who prefer digital assets like SHIB for transactions.

Bybit, a leading cryptocurrency exchange, has announced a giveaway of $20K USDT for users who trade Shiba Inu tokens. The giveaway campaign will end on May 18, 2023, at 11:30 AM (UTC). Users will be ranked based on their trading volume on the SHIB/USDT pair throughout the giveaway event.

Huobi Global, one of the world's largest crypto exchanges, is collaborating with the Shiba Inu Army to host a Twitter Space discussion about SHIB's journey and ecosystem. The event will feature Digarch Stan and Mazrael, two respected voices in the SHIB community, discussing a wide range of topics including the future of the crypto industry. The SHIB Army and Huobi hope to reach a wider audience and share their vision. Additionally, Swapika plans to integrate Shibarium, a Layer 2 solution of Shiba Inu, into its platform once it goes live, potentially increasing the price of SHIB.