Binance US has introduced a dollar-cost averaging feature for Shiba Inu (SHIB) fans to easily build their portfolio. Despite SHIB's recent decline in value, Binance US's new auto-buy feature allows investors to purchase the coin on a set schedule of their choosing, using the dollar-cost averaging technique. This strategy helps investors avoid market timing and benefit from long-term market growth. Additionally, over 5 billion units of SHIB have been burned in the past week, pushing the meme coin's burn rate to an astonishing 13150% and creating scarcity to potentially increase the value of the remaining token.

London-based cryptocurrency exchange Swapika has announced plans to integrate Shibarium, the Layer 2 Solution, into its service once it goes live. This move follows Swapika's recent decision to add support for all three tokens in the Shiba Inu Ecosystem, including Shiba Inu (SHIB), Bone ShibaSwap (BONE), and The Dogecoin Killer (LEASH). Shibarium is currently in its Beta Phase and has already recorded widespread adoption, with over 14.5 million wallets and 6.3 million transactions processed. The exact launch date of the Shibarium Mainnet has not been disclosed, but the Beta Phase is expected to take up to 2 to 4 months to complete.

On-chain analyst LookOnChain has identified prominent cryptocurrency investors, known as "whales," who were early adopters of meme coins such as Shiba Inu and PEPE. LookOnChain has highlighted three SmartMoney wallet addresses that invested early before the bull run. These whales are believed to have a good understanding of the market and make efficient investment decisions. Meanwhile, the price of PEPE has declined after making significant waves in the crypto industry over the past week.

Binance, the world's largest cryptocurrency exchange, has announced the suspension of market order functions for selected spot and margin trading pairs, including meme coins such as Shiba Inu (SHIB), FLOKI, and PEPE, from May 7 until further notice. The "Market Order - Total" feature for selected spot and margin trading pairs will be suspended, but the manual input to "Market Order - Amount" remains available for placing market orders. The changes mostly impact meme coins such as SHIB, FLOKI, and PEPE, and the market order functions are also suspended for almost all trading pairs listed against BIDR. The restrictions are likely due to volatility and risks in trading meme coins. FLOKI and PEPE coins are trading with massive trading volume after listing on Binance, with FLOKI trading at $0.0000435 and PEPE trading at $0.00000308. SHIB price trades at $0.0000097, down 2% in the last 24 hours and 6% in a week.<br>(By&nbsp;Varinder Singh)

Lookonchain revealed that three smart moneys made millions of dollars by investing in two cryptocurrencies, $SHIB and $PEPE, early on.

Popular Shiba Inu ($SHIB) burn tracking portal Shibburn is reporting that a mysterious whale in the meme-inspired cryptocurrency’s ecosystem has, in a single transaction, removed a staggering 1.69 billion SHIB tokens from circulation, resulting in a monumental 38,986.28% increase in the Shiba Inu coin’s burn rate over the past 24 hours.

CoinGecko, a prominent cryptocurrency price-tracking platform, conducted a comprehensive analysis of the most popular meme coins during their peak periods. The study results reveal that Shiba Inu (SHIB) yielded the highest returns during its bullish phase, as investors could have potentially earned $1 million with a mere $12 investment.

The latest burn transaction occurred a few hours after the Cult Punks NFT project incinerated 246 million Shiba Inu tokens.

Shibburn reports that over 3.26 billion Shiba Inu tokens were burned in April 2023 across 125 transactions. These figures are lower than the total SHIB burns in March 2023, which was 6.78 billion SHIB tokens burned through 540 transactions.

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.