
April 16th, 2025
The surge in the SHIB burn rate correlates with a remarkable uptick in the transactions taking place on the Shibarium blockchain. In the last 24 hours, there’s been a 45% uptick in transactions on the Shibarium blockchain.
Historically, the reduction of the overall supply of Shiba Inu in circulation has contributed to enhancing the token’s value.
In a bid to give celebrities an idea, Buterin thinks that DAOs should not fully decide the agenda, but they can have some influence.
The increasing fraudulent activities have brought to light one of the core disadvantages of Shibaswap being decentralized in nature.
Floki Inu fans believe that the recent surge in the popularity and value of GameStop shares could be a reason for this bullish outbreak.
The popular meme stock trader Keith Gill, alias Roaring Kitty revealed a GME stock portfolio of more than $110 million.
The 5 million milestone is significant for the Shiba Inu ecosystem, especially given the fact that Shibarium was launched in August 2023.
Dogecoin price has significantly underperformed other meme coins in the recent past led by Shiba Inu, Pepe, Floki, and Bonk, among others.
Among the trio, PEPE, the frog-faced memecoin, took the highest hit. The meme coin suffered 12% decline on Thursday and is currently seated as the 26th biggest digital asset globally with a market cap of over $6 billion.
Despite the bullish predictions for the two top digital assets, it is meme coins that are witnessing a surge in market performance today.
Shiba Inu’s recent rally could be attributed to different factors, including strategic partnerships, renewed investor interest, and recent technological upgrades in the Shiba Inu ecosystem.
GameStop’s successful share sale has strengthened the company’s balance sheet and has also fueled speculation about its future moves.
The Dogecoin community is celebrating the life of Kabosu, the Shiba Inu that brought forth a decade of meme coins on the internet.
While the expiration of the 375,000 BTC and ETH options, with a combined valuation of close to $3 million, may influence market dynamics, the overall impact is uncertain.
Popular crypto analyst DonAlt stated that most meme coins have already given multi-fold returns. If history were to repeat, most of them are poised for 80% corrections.