The Best of SHIB presents a curated selection of the most exciting news, biggest trends, and unforgettable highlights from across the vibrant Shiba Inu ecosystem. It showcases the top moments, groundbreaking developments, and community achievements that make SHIB, BONE, LEASH, TREAT, Shibarium, and other Shiba Inu initiatives so dynamic. Readers get a dose of pure SHIB positivity!
Let’s start with awesome news reported recently about Shiba Inu’s trading volume and massive whale activity: just last week, SHIB’s trading volume surged to an impressive $486.25 million, a 57.81% rise! Within that period, whale transactions jumped over 150%.
Shiba Inu Treat ($TREAT) is keeping pace as well. It has recently secured a listing on Coinpedia Markets! With TREAT’s visibility increasing, it’s no wonder even Grok recognizes it as a key factor in simplifying Web3 adoption alongside the UAE partnershib!
Remember that all four Shib ecosystem tokens go hand in hand in the vision towards mass adoption. Drum roll please… all four tokens are officially available for trading on StealthEX and NOW Wallet! It’s now easier than ever to manage and swap your favorite tokens on your favorite platforms, Shib Army!
The recent activity on Shibarium showcases its continuous growth, marked by notable increases across various metrics.
As of 2:31 a.m. ET on Wednesday, the number of total transactions rose to 948.579 million, showing steady user participation. The number of new addresses has increased exponentially to 154.143 million, which illustrates a rapid expansion of its user base.
Furthermore, the number of contracts has edged up to 26.671 thousand, underscoring the platform’s sustained development and the growing interest in its capabilities within the blockchain ecosystem.
Recent data for Shiba Inu Treat ($TREAT) reveals a notable increase in both its price and trading volume, highlighting its growing significance within the Shib ecosystem. As of 12:30 a.m. ET on Wednesday, $TREAT’s price has risen to $0.0049251007, marking a 3.94% increase. This upward trajectory in price suggests a strengthening market perception and increased investor confidence in $TREAT as a valuable asset.
The 24-hour trading volume reached $3.71 million, reflecting a remarkable 22.27% increase from the previous day. This surge in trading activity indicates heightened interest and engagement from the community, which is essential for the token’s liquidity and overall stability.
Together, these figures signify that $TREAT is not only gaining traction among investors but also solidifying its role as a crucial component of the Shib ecosystem, potentially driving further innovation and utility within the broader network.
Shiba Inu ($SHIB) has shown a noteworthy price increase of 1.49%, currently valued at $0.0000118727, alongside a significant 24-hour trading volume of $296.6 million. This price movement indicates a positive shift in market sentiment, suggesting that investors are increasingly viewing $SHIB as a promising asset.
The notable trading volume further reflects a dynamic trading environment, where users are actively buying and selling the token, highlighting its liquidity and desirability within the crypto market. These figures exemplify $SHIB’s pivotal role within the Shib ecosystem, not only as a speculative investment but also as a catalyst for community engagement and decentralized finance initiatives.
Overall, the continuous growth in both price and trading activity signals a strengthening position for $SHIB, potentially leading to further developments and innovations within the ecosystem.
Bone ShibaSwap ($BONE) has demonstrated a promising increase, with its price climbing to $0.2069431125, representing a 3.01% rise. Coupled with a 24-hour trading volume of $5.56 million, these figures illustrate a growing enthusiasm for $BONE in the Shiba Inu ecosystem.
The uptick in both price and trading activity indicates a heightened demand for the token, suggesting that it is increasingly seen as a valuable asset for those looking to participate in the ShibaSwap platform.
This momentum not only reinforces $BONE’s pivotal role in facilitating transactions and governance within the Shib ecosystem but also points to a broader trend of investment and community engagement that could enhance the overall stability and growth of the Shiba Inu project.
Data for Doge Killer ($LEASH) as of 12:30 a.m. ET on Wednesday shows a notable rise in its market activity, with its price reaching $125.28 after rising by 4.19%.
This growth is further underscored by a substantial trading volume of $1.46 million over the past 24 hours, indicating heightened interest and engagement from traders. Such metrics highlight $LEASH’s pivotal role within the Shib ecosystem, as it serves not only as a speculative asset but also as a functional component for various ecosystem activities, such as staking and liquidity provision.
The increase in both price and trading volume signals a strengthening demand for $LEASH, which could enhance its influence and utility within the broader Shiba Inu network.
This Wednesday marks a cheerful milestone for the Shib Army as the total number of SHIB tokens burned soared to an impressive 600,195,155 — a fantastic 13.48% increase from the previous week. Over 600M SHIB tokens have now been permanently removed from circulation!
ShibTorch, the Shiba Inu Core Team’s platform for burning and tracking SHIB token burns, reports a total of 648,175,662 SHIB permanently removed from circulation. This figure, recorded as of 5:48 a.m. ET on Wednesday, represents a significant 7.99% increase in the total burn amount compared to the previous week.
Token burning, a core element of Shiba Inu’s tokenomics, aims to create deflationary pressure by reducing the overall SHIB supply. This, in turn, could increase the value of remaining tokens if demand meets or exceeds the decreasing supply. The substantial weekly increase suggests growing community engagement in burn initiatives, potentially fueled by Shibarium transaction fees or dedicated burn events.
Let’s raise a toast as we celebrate SHIB for clinching the runner-up spot in the recent ‘Top Memecoins by Social Engagement’ ranking by Crypto Insights!
Last Friday, SHIB retained its ranking at fourth place in ‘Top Meme Tokens by Social Activity’ as seen on LunarCrush and shared by @Crypto_Dep.
Congratulations to our amazing community for propelling TREAT to an impressive 7th place on the ‘Top 10 Trending Cryptocurrencies’ chart on Coinpedia Markets over the weekend!
SHIB isn’t slacking off on Coinpedia Markets either—it has secured an incredible spot on the ‘Top 15 Largest Crypto Projects Ruling the Industry By Market Cap’ as an ETH token!
