Cetoex News – Amidst the ongoing meme coin frenzy, relatively older meme coins like Dogecoin [DOGE] and Shiba Inu [SHIB] continue to remain relevant. The increased number of transactions in these respective networks and adoption proves the same. The Shiba Inu, in particular, has been moving ahead untethered by the advent of new meme coins like PEPE.

While the top ten crypto assets experienced a significant decline in terms of large transactions, Shiba Inu (SHIB) was moving in the opposite direction. According to data from IntoTheBlock, the Shiba Inu network noticed a notable increase in large transactions, reaching a value of $9.9 million. This surge occurred within the last 24 hours, representing a significant rise of 43.78%.

It is worth noting that a significant portion of these transactions in the Shiba Inu network was attributed to whale investors. Data further indicated that the majority of SHIB holders, accounting for 67.35%, are whales. Retail investors make up 20.44% of the holders, while the remaining 12.21% represented other types of investors. This data suggested that a considerable influence on the network’s transactions is exerted by a relatively small number of large holders.

Digitra.com opens its doors to Shiba Inu

A prominent Brazilian crypto exchange, Digitra.com recently onboarded SHIB through a listing. This listing is pertinent for the network as it reportedly carries out trades with zero fees.

The listing came with several other perks. In celebration of the SHIB listing, Digitra.com initiated a giveaway contest with a prize pool of 200 Digitra tokens [DGTA]. The giveaway is accessible to all verified account holders of Digitra.com. To participate, users are required to follow Digitra.com’s official Twitter account and demonstrate their support by liking the SHIB giveaway tweet before May 23.

Additionally, another listing could be on the way for SHIB. Bahrain-based exchange CoinMENA was seen teasing the community with its upcoming listing. Nevertheless, the exchange tagged SHIB-related individuals giving away details of the listing.

Despite these developments in the meme coin market. The price and profitability of SHIB remain in the red zone. At press time, SHIB was trading for $0.000008678 with a 1.45% daily drop. Sadly, 81% of SHIB holders were at a loss and only 16% were pocketing profits.

NEWS BY – CETOEX NEWS

Cetoex News – Shiba Inu has earned its position in the meme coin ecosystem. From the perspective of mere memes and meme coins, including Dogecoin and Shiba Inu, both have come a long way.

Particularly, SHIB has emerged to be prominent in terms of partnerships and global listings. With numerous partnerships and listings, Shiba Inu have become globally accessible to users.

Now, according to the latest details from the Japanese exchange OKCoinJapan, it has been revealed that the exchange has listed Shiba Inu for Japanese users. The exchange mentioned that users who want to trade SHIB should initially update the app.

Shiba Inu burn rate plummets

The burn rate increased by over 3,000% yesterday, with over 80 million SHIB burned, and has now reversed course. According to the latest details from Shibburn, the burn rate has dropped by 90.89% in the last 24 hours.

The last 24 hours only witnessed the burning of 7.5 million SHIB. However, this is not a new scenario for the burn rate, which fluctuates almost every day. On certain days, the burn rate skyrockets, and on other days it drops considerably.

However, SHIB’s fluctuating burn rate is expected to settle and gather pace after the launch of the much-awaited Shibarium

NEWS BY – CETOEX NEWS

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Source: Crypto NewsIn a Twitter post today, it was announced that Shiba Inu is now listed on the centralized crypto exchange, TeraExchange. The post highlighted the platform’s excitement about one of the most popular meme coins now being available for trading on the centralized platform.

The announcement specified that SHIB will be available for trading against the Tether (USDT) stablecoin beginning on Jan 7. Moreover, the development marks one of the first meme-coin investment opportunities ever offered by TeraExchange.

SHIB Trading on Up and Coming Exchange

There is no underselling just how passionate and strong the Shiba Inu community stands. Proclaiming themselves as the SHIB Army, the meme coin sports a collection of ardent believers that work to propel the token to its maximum applicative value.

Those efforts have taken a major step forward today, as Shiba Inu has been listed on the centralized cryptocurrency exchange, TeraExchange. Furthermore, the addition of SHIB grows its collection of spot trading assets, which already includes Bitcoin, XRP, Cardano, Ethereum, and various altcoins.

TeraExchange is a project developing within the Terareum ecosystem. Additionally, that includes the Terareum blockchain, Terapay, and Terapool. Conversely, the announcement of the centralized exchange adding SHIB comes following one of the meme coin pairing removals by Binance.

The world’s largest cryptocurrency exchange by trading volume removed its SHIB/GBP pair due to reported low liquidity. However, there remain other pairings for SHIB traders, with it seen across various trading platforms within the market.

Alternatively, the SHIB/USDT pairing on Binance remains one of its highest trading volumes with $30.5 million. Furthermore, Shiba Inu is still the 16th-largest cryptocurrency by market cap, sporting a valuation of nearly $4.5 billion.

NEWS BY – CETOEX NEWS