The World’s Third Largest Exchange, Kraken, Launches Futures Trading for Shiba Inu (SHIB).

Fully-licensed Japanese cryptocurrency exchange BitTrade is expanding its list of cryptocurrencies by adding two popular memecoins – Dogecoin (DOGE) and Shiba Inu (SHIB).

The newly launched SHIB self-authentication system, Shibdentity, has witnessed some technical issues. Kaal Dhairya, a Shiba Inu developer, revealed this today, November 7. As part of their efforts to make the Shib Ecosystem self-sufficient, the developers also introduced The Shib Magazine.

Earlier this week, a record amount of SHIB was transferred to a dead-end wallet and out of circulation permanently. Yet, the total circulating supply of this popular dog-themed cryptocurrency has decreased only a tiny bit.

An eye-catching 4.55 trillion SHIB, equivalent to $31.5 million, has recently been relocated between anonymous wallets

As the last seven days have seen almost 2 billion Shiba Inu sent to dead addresses, 1.4 billion SHIB were burned by one whale in a single transfer. Moreover, Shibburn noted that the single transaction made up most of the 1.8 billion that was burned throughout the last week.

Shiba Inu (SHIB) has been turning heads with an aggressive push to burn tokens. These efforts aim to reduce supply, driving excitement across the crypto community. Burn rates have reached astonishing levels, often surging by thousands of percent in a single day. Let’s explore the key developments, drivers, and impacts of these burns on the token’s value.

Manny Pacquaio's non-profit will use Shibarium for fundraising and operational activities.

One of the biggest trending cryptocurrencies in 2022 was Shiba Inu. Trends on social media saw the cryptocurrency, which is based on the Shiba Inu dog breed, and similar to Dogecoin, generate huge interest.After falling in value, here’s a look at what an investment today could be worth if Shiba Inu can regain all-time highs.

According to puppyscanThe number of wallet addresses interacting with Shiberium is now 13,856,413. On April 17, U.Today reported that the number of wallets stood at 11,113,441.

Shibarium has crossed 100,000 wallets on its platform within the time frame of 24 hours. Shibarium is a new L2 blockchain for SHIB that was relaunched on 28 August after the previous launch was filled with technical issues. Shibarium uses SHIB for gas fees. Moreover, the project focused on obtaining gaming and metaverse apps on the platform. However, SHIB holders withdrew 1.8 trillion SHIB tokens this week, the value of which is approximately $14.5 million.

In a thrilling turn of events, the bearish Shiba Inu (SHIB) market might soon receive a much-needed boost, courtesy of Nuxgame, the seasoned gaming and betting software provider. Prepare to witness a groundbreaking transformation in the crypto and gaming landscape as Nuxgame embraces the power of Shiba Inu through an exciting integration.

According to Whale Alert, a massive 4,642,530,677,374 SHIB ($38,057,145 USD) has been transferred between unknown wallets. This large-scale movement occurred shortly after Shytoshi Kusama, the anonymous Shiba Inu developer, posted on his blog. In it, he declared that Shiba Inu was now reliable and secure. He also took a moment to appreciate the Polygon team for aiding the Shiba Inu project during its rough patch. The launch of Shibarium, a platform designed to enhance the utility of Shiba Inu, had experienced hitches that led to $1.79 million worth of Ethereum getting stranded.

The Shiba Inu holder’s address mirrored a steep decline in the last week. According to Shibburn(dot)com burn rate descended by over 89% in the last 24 hours.

Shiba Inu’s Layer-2 scaling solution Shibarium which is currently in its beta-testing phase is fast gaining attention. The L2 network has been designed to increase transaction speed while also reducing transaction fees.

Much less arguably, the hanging preliminary development of Shiba Inu (SHIB) stays behind most cryptocurrency merchants. Because the second most precious meme coin and the top-rated meme coin on the Ethereum community, Shiba Inu is slated for exponential development sooner or later. Extra so because of its deep liquidity throughout most markets. Moreover, the Shiba Inu builders are at present engaged on a layer two (L2) scaling answer dubbed the Shibarium community.

A surprise triple-digit burn rate spike is lifting spirits in the Shiba Inu community amid the meme coin’s struggles to regain lost ground. Over 162 million SHIB were removed from circulation in the last 24 hours, offering a rare glimmer of hope following months of declining burns.

A Shiba Inu whale has transferred 499.6 billion SHIB worth $4.24 million to the Hotbit crypto exchange.

The Shib Association, a group formed by the Shibburn team to boost SHIB adoption, recently offered details on a new blockchain it is building centered around the Shiba Inu token.

SHIB’s increased volatility over the past 24 hours could kickstart a bullish reversal for the meme coin.