Shiba Inu

<p><em><strong>Shiba Inu’s price skyrocketed as Bitcoin surpassed $64,000, reaching a level not seen in over two years.</strong></em></p><h2 id="header-0">Cryptos Headlines Token Airdrop Is Live, Claim Instant 5000 CHT Tokens Worth Of $50 Free On <a href="https://cryptosheadlinestoken.com/index.php/tokenomics/" rel="noopener noreferrer nofollow">CryptosHeadlinesToken.com</a></h2><p><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Screenshot_5.png?fit&#61;1276%2C681&amp;ssl&#61;1" /></p><p>Shiba Inu surged to a multi-month high of $0.00001473 in early trading today. Currently, the SHIB price is up 25% at $0.00001365, marking a 41% increase for the week. The 24-hour trading volume for Shiba Inu has spiked by 114%, reaching a total of $2 billion traded.</p><h3 id="shiba-inu-continues-upward-trend-with-sixth-consecutive-day-of-gains">Shiba Inu Continues Upward Trend with Sixth Consecutive Day of Gains</h3><p><a href="https://cryptosheadlines.com/shiba-inu-faces-decline-in-burn-activity/" rel="noopener noreferrer nofollow">Shiba Inu</a> (SHIB) is poised to extend its winning streak to six days, starting from February 24th. The recent <a href="https://cryptosheadlines.com/shibarium-sets-record-shib-price-surge-expected/" rel="noopener noreferrer nofollow">surge in price has propelled SHIB</a> to a notable milestone, with 415.67 trillion SHIB purchased by 86,470 addresses. These transactions occurred within the price range of $0.000013 and $0.000019, averaging at $0.000016.</p><p><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/cryptosheadlines002-31.webp?resize&#61;640%2C488&amp;ssl&#61;1" /></p><p>Large Holders Inflow, Courtesy: IntoTheBlock Data</p><p>The rally in price has been accompanied by a substantial increase in large holder inflows, soaring by 700% according to IntoTheBlock data. Since February 25th, when the rally commenced, <a href="https://cryptosheadlines.com/largest-shiba-inu-holder-acquires-10m-worth-of-1-5-trillion-shib/" rel="noopener noreferrer nofollow">Shiba Inu has witnessed consistent growth in large holder</a> inflows.</p><p>These large holder inflows signify significant buying activity, often involving transactions on centralized exchanges followed by transfers to cold storage. Moreover, spikes in large holder inflows can signal potential price bottoms, as these addresses tend to make bulk purchases following significant price drops.</p><h2 id="header-1">Cryptos Headlines Token Airdrop Is Live, Claim Instant 5000 CHT Tokens Worth Of $50 Free On <a href="https://cryptosheadlinestoken.com/index.php/tokenomics/" rel="noopener noreferrer nofollow">CryptosHeadlinesToken.com</a></h2><p><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Screenshot_5.png?fit&#61;1276%2C681&amp;ssl&#61;1" /></p><h3 id="shiba-inu-s-large-holder-inflows-surge-amid-privacy-network-plans">Shiba Inu’s Large Holder Inflows Surge Amid Privacy Network Plans</h3><p>Large holders’ inflow for <a href="https://cryptosheadlines.com/resumption-of-user-withdrawals-prompts-voyager-to-transfer-350-billion-shib-and-altcoins/" rel="noopener noreferrer nofollow">SHIB has surged significantly from 336.79 billion</a> SHIB on February 25th to 2.08 trillion SHIB on February 28th, indicating a notable increase in buying activity.</p><blockquote>In a significant development, <a href="https://cryptosheadlines.com/shiba-inu-launches-shibarium-layer-2-blockchain/" rel="noopener noreferrer nofollow">Shiba Inu is gearing up to launch</a> a new privacy-focused network built on top of the Shibarium blockchain, aiming to enhance the value proposition of SHIB tokens. Collaborating with open-source cryptography company Zama, <a href="https://cryptosheadlines.com/shib-weekly-burn-spikes-on-shiba-inu-network-milestone/" rel="noopener noreferrer nofollow">Shiba Inu’s new network</a>, which is yet to be named, will leverage Fully Homomorphic Encryption (FHE). This privacy technique enables developers to access data on untrusted domains without the need to decrypt it, thereby bolstering data privacy and security within the network.</blockquote><p><em><strong>Important:</strong> Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.</em></p>

Shiba Inu Surges 700% Amid Increased Whale Activity

Table of Contents

CryptosHeadlines.com

Other articles published on Feb 29, 2024

Uniswap introduces new features to enhance user experience

Breaking It Down: Bitgert Coin’s Superior Returns Compared to Ethereum Coin’s Performance

Memeinator Smashes Past the $5m Mark (29 Feb)

Dogecoin Hits New High: Will DOGE Price Reach $1?

Morgan Stanley Evaluating Spot Bitcoin ETFs for Its Giant Brokerage Platform

LedgerPrime Revives as MNNC Group Post-FTX, Eyes 40% Returns

Join our free newsletter for daily crypto updates!