237.8 Billion SHIB Grabbed by New Whale After Major Shiba Inu Development

New Shiba Inu whale born as investors' confidence in this meme coin grows

According to data shared by Etherscan, over a day ago, a recently set up cryptocurrency wallet purchased several hundred billion SHIB meme coins.

Whale grabs 237.8 billion SHIB The transaction was made from an anonymous wallet that may indicate an OTC purchase or a whale distributing his cryptocurrency stash between smaller blockchain addresses. A whopping 237,868,630,126 SHIB were transferred to the aforementioned wallet in total. This amount of meme cryptocurrency is evaluated at $6,290,435 at the time of this writing.

The purchase took place after the SHIB team made a major announcement about securing $12 million in investments for developing a layer-3 solution on top of Shibarium. In the meantime, the SHIB lead has clarified what his recent multiple travels around the world were about.

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Dogecoin Spotlight: Key On-chain Metric Flashes Green Despite DOGE's 8% Drop

Dogecoin trading down 7%, mirroring general sell-off on broader crypto market

Despite a recent 8% price drop, Dogecoin holders remain largely in profit, according to a key on-chain metric.

At the time of writing, DOGE was down 7% in the last 24 hours to $0.1496, mirroring the general sell-off on the markets, which saw Bitcoin plummet below the $64,000 mark. 

According to IntoTheBlock data, a key on-chain metric is flashing green, indicating that the majority of DOGE holders remain in profit. The metric reveals that a staggering 83% of Dogecoin holders are currently in profit, highlighting the resilience and confidence of DOGE holders amid market fluctuations.

In a recent post, IntoTheBlock shared a chart that shows the percentage of holders in profit on several top layer-1 networks.

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Grayscale, BlackRock Ethereum ETF applications updated amid SEC delays

The SEC is expected to reach a decision on Ethereum ETFs in May.

Grayscale Investments and BlackRock have updated their spot Ethereum ETF applications despite the SEC delaying its decision on the matter in recent weeks and expectations leaning toward rejection.

Grayscale filed an S-3 registration statement with the SEC on April 23. The submission marks the latest step toward the firm’s proposed conversion of its existing Grayscale Ethereum Trust to a spot exchange-traded fund (ETF).

Grayscale referred to the submission as “another key filing,”  along with NYSE Arca’s earlier Form 19b-4 filing.

Grayscale also filed an S-1 registration statement for a mini Ethereum ETF, a counterpart to its proposed mini Bitcoin ETF. The SEC has not yet approved either mini ETF.

Meanwhile, Nasdaq amended BlackRock’s 19b-4 filing to include a proposed rule change through which the exchange intends to list and trade shares of BlackRock’s planned iShares Ethereum Trust.

The update proposes cash-based creation and redemptions instead of in-kind creations and redemptions. This aligns the proposed fund with competing Ethereum ETF applications and previously approved spot Bitcoin ETFs.

Decision due in May

The SEC has punted the deadlines on several Ethereum ETFs in recent weeks and is expected to decide on the applications simultaneously in May.

Expectations around Ethereum ETF approvals are at an all-time low. Bloomberg ETF analyst Eric Balchunas, who initially said the odds of approval stood at 70% earlier in the year, updated his prediction to “a very pessimistic 25%” chance of approval.

Polymarket reports an 11% chance that the SEC will approve an Ethereum ETF by May 31, represented as betting odds.

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Vitalik Buterin Reminds Everyone About Main Goal of Crypto

Co-founder of Ethereum believes freedom and privacy should be treated as foundation for any digital asset

Ethereum co-founder Vitalik Buterin reminded us that crypto is not about trading digital assets, it is about liberty and decentralization. His statement raises crucial questions about the role of cryptocurrencies in fostering freedom and privacy in the face of global surveillance concerns.

Buterin's assertion underlines a disconcerting trend where individual rights can potentially be compromised by expansive surveillance measures. The fear that governmental powers could misuse such capabilities to monitor adversaries or the public is not unfounded. The ethos of crypto was birthed as a countermeasure to such centralizations of power, aiming to distribute control back to individuals.

However, the cryptocurrency landscape, including Ethereum, faces its paradoxes. Despite the decentralized ideals, a significant portion of Ethereum's transactions have encountered censorship, most notably with compliance to the Office of Foreign Assets Control (OFAC). This contradiction raised a lot of noise in the cryptocurrency community and even became a topic of existential discussion within the Ethereum community.

Ethereum's value has seen considerable volatility after the most recent market-wide correction. Recent trends show resilience after the return above $3,000, but the second-biggest cryptocurrency is yet to show its true potential as the post-halving rally is expected to push the value of ETH at least toward its previous ATH at approximately $5,000.

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BITCOIN HALVING

In April 2024, the fourth halving will reduce the mining reward to 3.125 BTC per block. Remarkably, Bitcoin has already breached the $73,000 mark in anticipation of this event. Investors should continue to do their own research and diversify their portfolio."

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Binance, world’s largest cryptocurrency exchange, set for India return

Binance has reportedly paid a penalty of $2 million and will come back as an entity registered with the Financial Intelligence Unit (FIU) of the finance ministry.

$BNB
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Six Shiba Inu Addresses Hold 30,000,000,000,000 SHIB for Over 2 Years

In a notable discovery by The Crypto Basic, on-chain data shows six Shiba Inu addresses have collectively held 30 trillion SHIB tokens worth $663 million for two and a half years without selling a dime.

Despite the ongoing market correction that has pushed Shiba Inu to the $0.000022 support, investors have demonstrated resilience, holding onto their SHIB tokens. In addition, some whale and shark addresses have also continued to procure more tokens in anticipation of a rebound.

Amid persistent market trends, The Crypto Basic analysis from Arkham Intelligence has identified a notable pattern among top SHIB holders. Specifically, data shows that six Shiba Inu wallet addresses each possesses precisely 5 trillion tokens, valued at $110.70 million based on current exchange rates.

This discovery has piqued the curiosity of the community, leading market participants to speculate whether this occurrence is merely coincidental or if all the addresses are affiliated with a single entity, particularly an exchange. However, no on-chain data points to an affiliation with an exchange.

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Crucial Warning to SHIB Army Made by Shiba Inu Team

One of top Shiba Inu team members has issued important warning to whole SHIB army

The official marketing expert of the Shiba Inu team, Lucie, has taken to the Twitter/X social media platform to give a major warning to the whole SHIB community.

This warning is about the right way to choose projects in which to invest one’s hard-earned funds.

Besides, the marketing lead shared a few tips for new projects to start building on Shibarium in the best possible manner.

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Shiba Inu Records Largest Burn in a Month as 650,000,000 SHIB Moves to Dead Wallet

Shiba Inu just recorded its largest burn transaction in over a month, as a single wallet recently sent exactly 650,000,000 SHIB tokens to the burn address. 

The Shiba Inu community has upheld the burning campaign despite relative silence, making occasional contributions to help bolster the deflationary trend. As a result, community members and ecosystem projects have continued to send millions of SHIB to the dead wallet.

However, SHIB recently recorded one of the most significant burn transactions in recent times, triggering a spike in the burn rate. Notably, an unknown wallet sent 650 million Shiba Inu to the burn address yesterday at 1:31 AM (UTC). 

Details of the Transaction

At the time of the transaction, Shiba Inu changed hands at $0.000021 after recovering from the slump that saw its price collapse to a one-month low of $0.00001830 on April 13. The 650 million SHIB were valued at $13,650 at the time of the transaction, marking the single largest Shiba Inu burn in over a month.

The last time the community saw a more substantial burn was on March 9, when over 3.8 billion Shiba Inu tokens got incinerated. Despite sustained efforts, the community had not witnessed the incineration of up to half a billion tokens until now.

Substantial burns such as this are typically carried out by community-driven projects looking to support the camps. Despite intense investigation, The Crypto Basic could not find any affiliation between the wallet responsible for the latest burn and any community project.

However, on-chain data confirms that the wallet belongs to a long-term Shiba Inu investor who has been interacting with SHIB since last August. While it has a rich history of inflows and outflows involving Shiba Inu, the 650 million burn represents its first burn transaction. The wallet now holds 81 million $SHIB .

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14.8 Trillion Shiba Inu (SHIB) Liquidated in 24 Hours, These Metrics Remain Green

Shiba Inu (SHIB) fights for balance amid 14.8 trillion liquidation record

The crypto market is facing a very bearish stress test with close to $1 billion liquidated across the board. One of the major assets impacted by this trend is Shiba Inu (SHIB) as it has seen a total of $3.63 million in liquidation over the past 24 hours, per CoinGlass data. This liquidation figure amounts to 14.8 trillion worth of SHIB liquidated within this period.

Long traders are those betting on the future growth of the token, a group that saw the larger part of the liquidation, which comes in at $3.45 million. Short traders, who bet on the price fall, also saw a total of $186,400 taken out of circulation as volatility also impacted price action.

The Shiba Inu price drop comes off as a major derailment in its recovery attempt. The token is changing hands for $0.00002425, down by 12.17% in the past 24 hours and by more than 11% for the week. The concerns remain for Shiba Inu as many of its metrics are recording opposite or conflicting growth trends.

While the token has managed to maintain its support at the $0.000023 price mark, the likelihood of headwinds clearing is pegged at an average odd overall.

SHIB metrics in green

Despite the current bearish outlook, some key Shiba Inu metrics are still in the green. Some of these include large transaction counts worth $100,000 or more. Per data from IntoTheBlock (ITB), these large transactions have soared as high as 276.29% in 24 hours to $212.56 million.

The transaction count on the Shiba Inu network also has a 5.62% surge to 5,750, up from 5,200 as of April 10. The last metric with a bullish uptick is the trading volume, which has jumped by $167.03 in 24 hours to $1,199,915,774, a sign that more traders are interested in the asset.

$SHIB
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We Won't Stop Until Shibarium Hits Top: Shiba Inu Team

Shiba Inu team rep has made bullish Shibarium statement

The official marketing specialist of the Shiba Inu team Lucie has published a bullish tweet full of determination about the team’s goals for Shibarium.

Lucie has assured the Shiba Inu community that the team intends to do their best to see Shibarium succeed in the cryptocurrency market.

"Shibarium to reach top no matter who comes or leaves"

In a recent tweet, Lucie stated that one of the goals of the Shiba Inu team is to see Shibarium on top of the cryptocurrency market, no matter what happens and no matter what partners join the team or leave it. “We won’t stop,” Lucie tweeted, determined.

In the same tweet, Lucie revealed what Shibarium-related assets she holds: SHIB, LEASH, BONE, Shiboshis Poseidon, Sheb Zeus and others.

Lucie believes that the cryptocurrency market will continue to see corrections even during a bull market, especially while the spot cryptocurrency ETF in Hong Kong (or any other spot ETF for that matter) gains approval. Earlier this week, U.Today reported that a spot ETF that will allow investors to gain exposure to Bitcoin and Ethereum is about to be approved in Hong Kong.
$SHIB
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Shytoshi Kusama's Crucial New Message Shared by SHIB Team

Shiba Inu lead sends important new message to SHIB army
The mysterious Shiba Inu lead known to the community as Shytoshi Kusama has addressed the SHIB community in a recent message, commenting on the most recent major collaboration started by Shiba Inu.

In the meantime, this week, the SHIB army has successfully burned hundreds of millions of meme coins.

Shytoshi Kusama's important message
The enigmatic SHIB leader has commented on the recently initiated cooperation of the SHIB team with CDSA (Content Delivery Security Association). This collaboration will help Shiba Inu to explore the prospects of blockchain use in the sphere of media and entertainment.
Kusama’s message to the community was shared by the official social media marketing expert of SHIB known as Lucie. In it, Shytoshi also mentioned that SHIB’s collaboration will help executives in the aforementioned spheres to “better utilize these innovative technologies, especially as blockchain and artificial intelligence converge.”
CDSA is a nonprofit organization that works internationally. Founded in 1970, it provides best practices for the delivery and storage of information technology, entertainment and software. The organization makes a point of focusing on content security, protection and authenticity.
Thanks to SHIB joining CDSA, the latter should be able to improve its focus and provide it with the SHIB team’s insights and expertise on utilizing blockchain technology for their work.

Hundreds of millions of SHIB roasted
According to data shared by the Shibburn data tracker, within the past seven days, the SHIB community has disposed of almost 300 million meme coins – 272,441,541 SHIB in total, thus driving the overall weekly burn rate up by 13.2%.
As for the past 24 hours, during this time, the Shiba Inu army has successfully roasted a tiny 3,044,312 SHIB, sending them to unspendable blockchain wallets – minus 95.54% in the burn rate.
On Thursday, this metric soared by 48,554%, with 87,760,994 $SHIB locked in unspendable wallet

765 Billion Shiba Inu (SHIB) Tokens in 24 Hours: What's Happening?

Shiba Inu sees surge of activity as asset nears key point on chart

A massive amount of Shiba Inu tokens has been on the move. In the last 24 hours, 765 billion SHIB tokens were found being transferred between large entities on the market.

Most of these SHIB tokens are being sent to trading platforms like Coinbase, which often means that the holders might be getting ready to sell. If lots of tokens are being moved to be sold, SHIB's price might face a substantial surge of pressure, which is the last thing the token needs right now.

Looking at the detailed transaction history, we can see huge amounts — ranging from about 45 billion to over 123 billion SHIB — landing in the hands of major trading apps and platforms.  

From a technical perspective, there is a distinguishable triangle pattern forming. This means the price has been bouncing between higher lows and lower highs, coming to a point where it has to break out. Think of it like a coiled spring that is ready to jump out in either direction.

The chart shows two important price levels to keep an eye on: one where the price struggles, with resistance at around $0.000029, and another where it does not seem to fall below, near $0.000019. Right now, SHIB is trading above the key moving averages, which may be a positive sign for those holding the token.

For now, if the trend shows more signs of selling, the price could head toward the lower support level. On the flip side, if SHIB breaks out above the triangle pattern, we might see the price rise and test new highs.

As the activity of whales and large traders surges, we might see Shiba Inu's volatility increase on par with it. The market could be on the verge of a prolonged recovery, and the surge in Shiba Inu transactions might be a precursor to a bullish reversal for the token.
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Shiba Inu (SHIB) Skyrockets into Top Ranks With New Major Index Inclusion

WOO X announces launch of index perpetual contracts, featuring meme coins such as Shiba Inu (SHIB)

Crypto exchange WOO X has made headlines in the digital currency sphere today by unveiling a pioneering set of index perpetual contracts, marking a significant shift in the landscape of cryptocurrency trading. Teaming up with renowned market maker Wintermute and indices provider GMCI, WOO X now offers traders access to a diverse array of indices, including those tied to meme coins, top cryptocurrencies and tokens of layer-2 networks.

Among the notable additions is the GMCI MEME index, which showcases the most prominent meme coins, such as Shiba Inu (SHIB), Dogwifhat (WIF) and Dogecoin (DOGE). SHIB, with its staggering $16.22 billion market capitalization, has surged to become the 12th largest cryptocurrency overall. Notably, SHIB commands a substantial 27% share of the meme coin segment, valued at approximately $59.89 billion.

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SHIB Burn Rate Skyrockets 1,344% Amid Significant Price Shift

Shiba Inu burn rate soars by staggering 1,344%, stoking optimism for SHIB price

In an intriguing development within the Shiba Inu (SHIB) ecosystem, the SHIB burn rate has surged dramatically by a staggering 1,344%.

This remarkable increase in token-burning activity comes at a key moment for SHIB investors, as the price of the dog-themed cryptocurrency appears to be on the verge of a significant shift.

According to the Shibburn X handle, 135,451,536 SHIB tokens were burned in 12 transactions in the past 24 hours. This amounted to $3,868.50 in monetary terms, with the SHIB burn rate soaring by a whopping 1,344.14%.

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Dogecoin Price Prediction: When is the DOGE Bull Run Starting?

Dogecoin still has a lot of room for growth, but the memecoin must first break above the $0.20 range before hitting new ATHs.

DOGE’s price has been consolidating within a narrow trading range, around $0.20. This is a crucial psychological level that the asset surpassed two weeks ago. The last time DOGE was priced above this level was in November 2021.

In terms of metrics, DOGE is throwing mixed numbers. The price on the monthly scale is up 20%, but market capitalization is down to $29 billion as 24-hour trading volumes across exchanges are also in the red, falling to 9% at $2.2 billion.

Dogecoin is ‘Following the Plan’

Despite the consolidation, analysts believe DOGE’s next bull run will start sooner rather than later.

Renowned crypto trader Rekt Capital suggests the primary memecoin is going through a retesting phase at the $0.20 level on the monthly timeframe.

The analyst pointed out a downside wick displayed on the monthly chart, which means a retest of a bull flag pattern on the weekly timeframe.

Previously, the analyst had warned about volatility around the $0.20 mark. A successful break above such a crucial level would mean further upside potential, more specifically upwards of $0.30. Other market observers like Mikybull Crypto share equally bullish views.

Rekt Capital is not the only analyst forecasting bullish action for the DOGE. As the father of all memecoins consolidates, traders are predicting prices of over $1, as the coin mirrors previous cycles.

As CryptoPotato reported, some analysts believe that DOGE could be on the verge of a new rally towards new peaks, targeting prices above $2, $9, and even $40.

$DOGE
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Legendary Trader Peter Brandt Unleashes Fury on Ethereum: 'It's a Junk Coin'

Bitcoin proponent Peter Brandt brands Ethereum (ETH) as junk coin in explosive criticism

Legendary trader Peter Brandt has unleashed a torrent of criticism aimed exclusively at Ethereum (ETH), labeling it a "junk coin" in a harsh assessment of the popular alternative cryptocurrency. Brandt, known for his insights into the financial markets, held no words as he criticized Ethereum, dismissing it as a useless challenger to Bitcoin's dominance.

Brandt's disrespect for Ethereum was evident in a recent social media post where he disdained its status, asserting that it lacks the fundamental qualities necessary for long-term viability. He pointed to its alleged shortcomings as a store of value and criticized its functionality, citing difficulties with layer-2 solutions and exorbitant gas fees.

Backing up his claims, Brandt referred to the Ethereum/Bitcoin price chart, highlighting Ethereum's steady decline against Bitcoin since the end of 2021. According to Brandt's analysis, ETH's recent drop to a critical support level of 0.05 BTC per altcoin signals further weakness compared to BTC.

This is not the first time Brandt has expressed skepticism toward Ethereum. In January, he publicly announced a short position on the altcoin when it was trading at $2,265, citing weak price behavior. Despite Ethereum's subsequent price surge, Brandt admitted a month later that the trade did not go as planned.

Brandt's criticism of Ethereum reflects his broader conviction that Bitcoin reigns supreme on the cryptocurrency market. He previously declared his belief that everything apart from Bitcoin is "junk," emphasizing the main cryptocurrency's role as a primary store of value with significant potential for appreciation.
$ETH
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Dogecoin (DOGE) Comes Closer to Surpassing XRP

Top meme coin inching closer to surpassing Ripple-affiliated XRP by market value

The price of Dogecoin (DOGE), the leading meme cryptocurrency, recently spiked by more than 10%, according to data provided by CoinGecko.

The Bitcoin parody peaked at $0.1975 earlier this Sunday, and it is currently changing hands at $0.195.

Dogecoin is (by far) the best-performing cryptocurrency in the top 20, outstripping Shiba Inu (SHIB), its top competitor. In fact, DOGE is the fifth best-performing cryptocurrency in the top 20. Only Ethena (ENA), Fantom (FTM), ORDI (ORDI) and eCash (XEC) are above in terms of 24-hour gains.

After the most recent price spike, the top meme coin is now closing in on XRP. The latter is only up a modest 0.9% over the past 24 hours. The two cryptocurrencies are currently valued at $32.8 billion and $28 billion, respectively, according to data provided by CoinGecko.

More than $5 million worth of Dogecoin shorts have been liquidated over the past 24 hours, according to CoinGlass. They account for the vast majority of liquidated positions ($6.42 million).

The meme coin was one of the most traded cryptocurrencies, generating $2.3 billion in 24-hour trading volume.

As reported by U.Today, the Dogecoin price managed to score a monthly close above the pivotal $0.20 level, potentially turning it into support. This could set the stage for a potential surge to $0.30. In 2024, the meme coin has already managed to double its price. Meanwhile, the aggregate value of joke cryptocurrencies has nearly tripled.

That said, Dogecoin's bullish momentum might be fragile. According to recent IntoTheBlock data, Dogecoin is showing mostly negative on-chain signals, with indicates that are based on net network growth and large transactions currently being in the red.
$DOGE
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Here’s How Many Shiba Inu Binance Currently Holds

Binance has published its updated Proof-of-Reserve (PoR) report for March 2024, boasting a holding of 67.67 trillion Shiba Inu (SHIB) tokens. 

The report showed that the exchange held billions of dollars’ worth of crypto assets, including Shiba Inu (SHIB), at the time of the audit on April 1, 2024, at 00:00 (UTC).

Binance’s Shiba Inu Holdings  

It is worth noting that the exchange’s Shiba Inu reserve exceeds users’ deposits by 3.59%. According to the data, while Binance customers’ net balance stood at 65,321,321,452,095.36 (65.32 trillion) tokens, the exchange boasts a reserve of 67,670,462,296,521 (67.67 trillion) SHIB. 

This indicates that Binance collateralizes its users’ Shiba Inu deposits at a ratio of 103.60%. With SHIB trading at $0.00002894, the users’ Shiba Inu deposits are worth $1.89 billion, while the exchange’s SHIB balance is valued at $1.96 billion.  

The latest report suggests that both Binance and its customers’ net balances represent a slight decrease from the figure recorded in January. As of February 1, Binance had a net balance of 69.4 trillion SHIB, with a collateralization ratio of 103.6%. 

Binance PoR System 

Following the epic collapse of FTX, Binance and other major exchanges published monthly reports showing their proof of reserves for selected assets. This move was an attempt from these exchanges to prove that they hold customer assets as is.

Amid the widespread adoption of Shiba Inu on Binance, the exchange added SHIB to its PoR system in February 2023. At the time of writing, Binance’s PoR system covers 31 of the most widely adopted crypto assets on the exchange. 
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Shiba Inu Whale Buys 690 Bln SHIB, Price Rally Ahead?

A Shiba Inu whale accumulates over 600 billion SHIB, sparking optimism amid market corrections and SHIB's consolidation.

Coupled with the token's on-chain metrics, Shiba Inu whale accumulation underscores market uptrend.

Shiba Inu price jumps.

As of writing, the Shiba Inu token’s price noted a jump of 1.8% in the past 24 hours and is currently trading at $0.00002833. This jump in the meme-based token’s price primarily aligns with the whale’s accumulation, garnering additional optimism on the token.

Simultaneously, derivatives data underscored a strong market uptrend for Shiba Inu, as Coinglass spotlighted a 2.06% increase in SHIB’s open interest, whereas volume surged 34.97%. This further hints at heightened investor interest and increased trading activity in the derivatives market, pushing the token to a bullish stage.

Meanwhile, a recent analysis by CoinGape Media spotlighted that Shiba Inu’s recent pullback observed in the daily chart illustrated the formation of a bullish continuation pattern called ‘Pennant,’ adding to bullish thoughts on the token’s price action ahead.
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