$420 million SHIB: here’s what’s happening

$420 million SHIB: here's what's happening

The dog-themed cryptocurrency Shiba Inu has recently witnessed a surge in large transaction volumes, generating almost half a billion dollars.

The dog-themed cryptocurrency Shiba Inu has recently witnessed a surge in large transaction volumes, generating almost half a billion dollars.


According In the block According to data, Shiba Inu reports a notable trading volume of $420.11 million, estimating the total amount traded by crypto whales on a given day.

The large trading volume of SHIB grew by 39.78% in the last day, amounting to 14.36 trillion SHIB. This rise underlines the growing interest and activity around the digital asset, with whales taking advantage of downturns to accumulate more tokens.

Shiba Inu (SHIB) Slips Out of Top 10, But Optimism Remains

At the time of writing, SHIB was down 1.52% in the last 24 hours to $0.0000285, hinting at a rebound after yesterday’s drastic 13% drop. SHIB, however, is still down 17% in the last seven days.

Exciting updates to the Shiba Inu ecosystem

During the week, information was provided about new updates to be released in the Shiba Inu ecosystem.

Shiba Inu Developer Kaal Dhairya revealed interesting updates about Blockscout’s Shibarium blockchain explorer “Shibariumscan”. New features were introduced to improve the usability of the browser and provide deeper insights to all Shibarium developers and users.

Mazrael, a Shiba Eternity advisor, tweeted about the progress being made in testing the internal version, and previous bugs in the PlaySide version were thoroughly examined and fixed. The improvements, among others, will be implemented in the mobile version of Shiba Eternity in the next patch.

Shiba Inu Announces Grand Debut of SHIB Name and Airdrop for Users

Shiba Eternity, the Shiba Inu CCG game, has captured over 500,000 players, an impressive feat given that it has yet to enter the growing Web3 market.

Mazrael hinted that the play-to-earn (P2E) edition of Shiba Eternity was getting closer to its beta launch, given recent progress.

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