Here’s your weekly resource for all Shiba Inu-related news! This week, we’ve compiled the most exciting updates that deserve your attention. LFG!!!
Needless to say, we’re prefacing this section by joining in the celebration for Shibarium’s monumental milestone of reaching 1 billion transactions—the current talk of the town (and rightfully so!). Not only that—the layer 2 blockchain also reached 4 million daily transactions yesterday.
Once again, the Shibarium community’s strength was felt all over Crypto X as everyone cheered and shared the great news. Read more about the nitty-gritty and implications of this achievement in our Shib Spotlight feature if you haven’t already.
And in the spirit of spreading good news, SHIB has crossed the remarkable threshold of 1.5 million holders! What a timely feat for this edition that talks about the significance of numbers—remember, this isn’t just a number but a reflection of an engaged community that fuels the token’s growth and legitimacy in the crypto market.
Meanwhile, recent trading activity for $TREAT reflected a phenomenal 24-hour volume of $4.41 million! We always say NFA, but this seems like a sign of increased interest in trading the token, so it’s definitely worth popping open the champagne for.
Also, BONE has showcased its own strength with an impressive 23.71% surge last week! A technical report from The Shib Daily details this price action and what it could mean for the future.
Following Shibarium’s victory of reaching 1 billion transactions this week, Wednesday data reveals a current count of 1,006,236,859 transactions. Completed transactions jumped to 995.616 million from 971.336 million from last week’s report.
Further growth is reflected in the total addresses created, which have climbed from 188.267 million to 194.205 million, showcasing an influx of new users. Likewise, total contracts have seen a slight increase from 27.568 thousand to 27.711 thousand.
BONE transfers have also increased marginally, moving from 2.084 million to 2.091 million, while total accounts have grown from 244.82 thousand to 248.765 thousand.
Collectively, these figures illustrate a dynamic and expanding environment within the network.
As of 6:49 a.m. ET on Tuesday, SHIB traded at $0.00001279, rising by 5.31% from the previous day. At the same time, it reflected a trading volume of $177.93 million, suggesting a steady flow of engagement from the community.
The sustained interest reflected in both price and trading volume reinforces SHIB’s potential for greater adoption and utility within the crypto space.
With a price of $0.004960 at 6:50 a.m. ET on Tuesday, TREAT experienced a 3.02% increase compared to the previous day, reflecting a positive sentiment among traders.
Although the 24-hour trading volume of $1.77 million did not experience a daily spike, it is worth noting that prior trading activity exhibited a remarkable increase of 183.18% between Sunday and Monday.
Collectively, these trends highlight the token’s growing traction, which reflects a promising trend of investors’ increasing recognition of TREAT’s value and potential for future growth.
On Tuesday, BONE traded at $0.3045, marking an increase of 0.87% from the previous day. The token’s 24-hour trading volume also reached $5.12 million on the same day, illustrating a significant level of engagement and trading activity within the market.
BONE’s market capitalization has climbed to $70.02 million, also up by 0.87%, demonstrating that the token is maintaining its value and strengthening its position as a central currency in the Shiba Inu ecosystem.
As of 6:52 a.m. ET on Tuesday, LEASH’s price has climbed to $145.47, representing a 4.48% gain from the previous day. This price increase is supported by a 3.97% rise in the 24-hour trading volume, which stood at $1.52 million.
LEASH’s market capitalization has ascended to $15.47 million, paralleling the price increase at 4.48%. These figures signify LEASH’s growing importance and appeal to investors looking for promising opportunities.
This Wednesday marks a 5.02% rise in the SHIB burn rate, with a total of 803,795,468 SHIB tokens burned compared to last week’s figures.
This increase can be credited to the Shib Army’s enthusiastic use of ShibTorch. The increase in SHIB burns represents how empowered the community is as it actively participates in reducing the circulating supply of SHIB.
No surprises here! SHIB recently barked its way to the top of a ‘Tokens by Social Activity’ chart, showing its social prowess yet again. Thanks for sharing this, Shib Spain!
Cheers to the Shib Army for landing SHIB a shiny bronze in @CryptoDiffer’s latest memecoin performance roundup!
