Friday, August 15, 2025
LBNN
  • Business
  • Markets
  • Politics
  • Crypto
  • Finance
  • Energy
  • Technology
  • Taxes
  • Creator Economy
  • Wealth Management
  • Documentaries
No Result
View All Result
LBNN

Shiba Inu (SHIB) On-Chain Activity Surges 340%

Simon Osuji by Simon Osuji
February 14, 2024
in Business
0
Shiba Inu (SHIB) On-Chain Activity Surges 340%
0
SHARES
2
VIEWS
Share on FacebookShare on Twitter

In what is certainly a positive development for the ecosystem Shiba Inu (SHIB) on-chain activity has surged a remarkable 340%. Moreover, the undeniable increase was first reported by IntoTheBlock, with large transactions increasing over the last 24 hours.

The development arrives as SHIB is on the precipice of a crucial turning point. Indeed, the meme coin is seeking to eliminate yet another zero from its price. Currently, the asset is still trading below the $0.00001 mark and is down more than 1% over the last 24 hours, according to CoinMarketCap.

Shiba Inu
Source – Token Metrics

Also Read: Shiba Inu: How To Become a Billionaire When SHIB Hits $0.01?

Shiba Inu (SHIB) Seeking $0.00001 Amid On-Chain Surge

The overall digital asset market has not been tremendously impressive thus far in 2024. Despite the massive height that grew towards the end of last year, few assets have been able to meet those expectations. Moreover, a plethora of assets are still trying to find their footing.

However, one token may well be on its way. Indeed, Shiba Inu (SHIB) has seen its on-chain activity surge a remarkable 340% over the last 24 hours. Data shows that the volume increased from 1.28 trillion SHIB tokens to 4.35 trillion in an impressive turn of events.

Shiba Inu: Google Bard Predicts SHIB Price If Bitcoin Touches $500,000

Also Read: Shiba Inu Price Prediction: Can SHIB Delete a Zero This Week?

Therefore, the surge led to an increase in value from $12.15 million to more than $41 million. Additionally, analysis from IntoTheBloc shows that 34 transactions were surpassing the $100,000 mark. Subsequently, this showcases that a host of different investors were part of the massive increase.

The development could be crucial in SHIB’s attempts to eliminate a zero. However, that hope has simmered in recent hours, as the asset is trading at the $0.0000094 level currently. However, there is the hope that the critical support level could come to fruition with the growing activity on-chain.

Source link

Related posts

XRP Price: Epic Short Term Gains Forecasted: Will You Profit?

XRP Price: Epic Short Term Gains Forecasted: Will You Profit?

August 15, 2025
KCB Group Champions Sustainability as H1 2025 Profits Stay Strong

KCB Group Champions Sustainability as H1 2025 Profits Stay Strong

August 15, 2025
Previous Post

Influence of social networks on financial markets

Next Post

SAF’s Use of Iranian Drones Threatens to Destabilize Region

Next Post
SAF’s Use of Iranian Drones Threatens to Destabilize Region

SAF’s Use of Iranian Drones Threatens to Destabilize Region

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

AI can create a reasonable facsimile of a person’s personality after two-hour interview

AI can create a reasonable facsimile of a person’s personality after two-hour interview

9 months ago
Kenya’s hospitality industry’s bold growth faces headwinds

Kenya’s hospitality industry’s bold growth faces headwinds

4 months ago
Ooredoo Press Club Highlights 5G Opportunities in Algeria at Akadimia

Ooredoo Press Club Highlights 5G Opportunities in Algeria at Akadimia

3 months ago
Boeing will look to ‘do less and do better’: CEO

Boeing will look to ‘do less and do better’: CEO

10 months ago

POPULAR NEWS

  • Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    0 shares
    Share 0 Tweet 0
  • The world’s top 10 most valuable car brands in 2025

    0 shares
    Share 0 Tweet 0
  • Global ranking of Top 5 smartphone brands in Q3, 2024

    0 shares
    Share 0 Tweet 0
  • Top 10 African countries with the highest GDP per capita in 2025

    0 shares
    Share 0 Tweet 0
  • When Will SHIB Reach $1? Here’s What ChatGPT Says

    0 shares
    Share 0 Tweet 0
  • Privacy Policy
  • Contact

© 2023 LBNN - All rights reserved.

No Result
View All Result
  • Home
  • Business
  • Politics
  • Markets
  • Crypto
  • Economics
    • Manufacturing
    • Real Estate
    • Infrastructure
  • Finance
  • Energy
  • Creator Economy
  • Wealth Management
  • Taxes
  • Telecoms
  • Military & Defense
  • Careers
  • Technology
  • Artificial Intelligence
  • Investigative journalism
  • Art & Culture
  • Documentaries
  • Quizzes
    • Enneagram quiz
  • Newsletters
    • LBNN Newsletter
    • Divergent Capitalist

© 2023 LBNN - All rights reserved.