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Shiba Inu Burns Billions Of SHIB In A Week Amid Price Recovery Efforts

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The Shiba Inu army has been actively burning SHIB tokens daily, with substantial amounts being removed from circulation since the launch of the Shibarium testnet in early March. In recent weeks, the weekly burn rate has reached several billion SHIB, marking a significant development in the meme coin’s ecosystem.

During the past week alone, many SHIB tokens have been locked away in unspendable wallets. The figure remains undisclosed but is believed to be in the billions. This new development follows the efforts of the SHIB army, a collective of individual holders, businesses, and developers, who have been diligently working to reduce the circulating supply of SHIB coins.

Almost 3 Billion SHIBA INU (SHIB) Burned In A Week

According to the Shibburn tracking service, approximately 2,726,655,616 SHIB tokens have been sent to dead-end wallets over the previous week. This accounts for nearly half of what the SHIB army burned the preceding week, which amounted to over 5 billion SHIB, marking a decrease of almost 53%.

The burn rate has slowed within the last 24 hours, with only 18,922,877 SHIB destroyed in five transactions. The two largest transactions accounted for 11,823,597 SHIB and 4,591,793 SHIB, respectively. These burns have contributed to a 22.87% decrease in the overall burn rate compared to the previous day, May 26.

In a major achievement for the Shibarium Layer-2 network, the beta test version reached a new milestone this week. As reported by Puppyscan, the number of wallets connected to Puppynet has surpassed 16 million, currently standing at an impressive 16,030,842. Furthermore, the total number of transactions has reached nearly 13 million, totaling 12,837,402.

The Shiba Inu army has been anticipating the full-scale breakout of the metaverse since last year. The Shibarium Layer-2 scaling solution is no different. Puppynet was released in early March. These enhancements transform the coin from a joke cryptocurrency to a “serious” asset, improving its utility and popularity.

Shibarium’s creators have promised to provide the SHIB army with low fees and fast transactions on their Layer-2 network. Consequently, more wallets are joining the Shibarium beta program, attracted by its potential for enhanced efficiency and cost-effectiveness.

As the Shiba Inu army continues its daily burns, the amount of SHIB coins removed from circulation continues to rise. Simultaneously, Shibarium’s growth and user adoption indicate a promising future for the Layer-2 network. With these developments, the SHIB community remains actively engaged, demonstrating their dedication to the ongoing evolution of the Shiba Inu ecosystem.

Related Reading: | Meme Coin Frenzy: Floki & Pepe Coin Land On Brazil’s Mercado Bitcoin, Baby Doge Next In Line?

SHIBUSDT 2023 05 27 19 55 47
Source: Tradingview.com

Bitcoin and Shiba Inu Witness Lowest Global Interest Levels since 2020

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The interest and excitement surrounding cryptocurrencies have undoubtedly surged in recent years. Countries worldwide have been embracing digital assets, driven by regulatory focus and the increasing prominence of digitalization during the COVID-19 pandemic. This period has been highly advantageous for the adoption and popularity of cryptocurrencies like Bitcoin (BTC) and Shiba Inu (SHIB).

However, there has been a noticeable decline in global interest in cryptocurrencies. Data from Google Trends indicates that this metric has reached levels not seen since December 2020. The latest data shows a score of 9 as of May 25, which corresponds to the levels observed in November 2020. During that particular period, there was minimal public engagement with the crypto space, marking one of the lowest points in terms of global interest in cryptocurrencies.

Bitcoin [BTC]

Bitcoin
Bitcoin and Shiba Inu Witness Lowest Global Interest Levels since 2020 4

Much like the broader term “cryptocurrency,” the interest in Bitcoin has also witnessed a decline. The level of engagement and enthusiasm surrounding the leading digital asset has reached its lowest point since 2020, indicating a diminishing global interest in Bitcoin over time.

El Salvador has emerged as the country exhibiting the highest level of interest in Bitcoin, thereby contributing to the overall global interest in the cryptocurrency. Following closely behind, Nigeria and Switzerland secured the second and third positions, showcasing significant engagement and curiosity towards Bitcoin.

Furthermore, alongside Bitcoin, Shiba Inu has emerged as a notable topic of interest within the related queries for Bitcoin.

Shiba Inu (SHIB) Analysis: Evaluating Its Performance and Market Trends

Shiba Inu
Bitcoin and Shiba Inu Witness Lowest Global Interest Levels since 2020 5

The excitement surrounding meme coins, such as Shiba Inu, seems to be waning. Following its peak in 2021, the interest and enthusiasm surrounding Shiba Inu have been steadily diminishing. This suggests a decline in engagement and enthusiasm for Shiba Inu compared to its previous level of popularity.

Turkey and Cyprus have emerged as the countries showcasing the highest interest volume in the meme cryptocurrency asset, Shiba Inu. These regions have demonstrated a significant level of curiosity and engagement with Shiba Inu, reflecting a notable interest in the cryptocurrency within these areas.

Shiba Inu Users Scramble To Get Their Funds Off Hotbit Before Deadline

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Holders of the Shiba Inu tokens rushed to get their funds out from Hotbit after the Chinese crypto exchange urged investors to withdraw their tokens before June 21 at 04:00 UTC

Just a few days back, the trading platform with 5 million users worldwide, announced to shut down operations, an indicator of its worsening condition.

According to a blog post, the probe in August 2022, when Hotbit management teams were compelled to cease operations for several weeks, was one of the events that contributed to the decision.

Second, the shift in the crypto sector ranging from the collapse of FTX to bank crises spurred massive fund outflows from CEX which in turn had a negative impact on Hotbit’s cash flow.

The Hotbit team believes that centralized exchanges [CEX] are becoming increasingly cumbersome, with highly complex and interconnected businesses that are difficult to comply with, whether for compliance or decentralization, and are unlikely to meet long-term trends.

In addition to the above issues, the exchange suffered numerous other problems, such as repeated cyber attacks and the exploitation of project defects by malicious users, resulting in significant losses.

“Therefore, the Hotbit team believes that the operation model of supporting a diverse range of assets is unsustainable from a risk management standpoint,” according to the post.

Notably, Hotbit was among the first exchanges to list a variety of new assets, such as SHIB, KSM, GRIN, and others. It was also the first to offer staking services starting with ATOM and the first to undertake Defi mining utilizing Compound.

Shiba Inu tokens, on the other hand, have caught the attention of whales as around 40 billion SHIB tokens have been transferred between the biggest cryptocurrency trading platforms, data from Etherscan showed.

Shiba Inu Continues To Be Whales’ Favourite

In just 1 hour, a total of six significant transactions were spotted, most of which involved 6 or 6.4 billion Shiba Inus that were moved by unidentified large-scale holders.

Also recently, Lucie Sasnikova, a key member of the meme token ecosystem cautioned investors looking for a rapid pump amidst SHIB’s layer 2 impending mainnet launch.

Even once the platform is launched, Sasnikova stressed that it may take months for it to become established in the market because prices are not driven that way.

Shiba Inu Grabs Whales Attention As 40B SHIB Tokens Tossed In Exchanges

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Shiba Inu’s demand rise as nearly 40 billion SHIB tokens was shuffled by whales to and from top crypto exchange platforms, data from Etherscan showed.

The last hour saw a total of six significant transactions, most of which involved 6 or 6.4 billion SHIB that were moved by unidentified large-scale holders.

From the six, the two biggest moved 9 billion meme coins, and the smallest moved 1.5 billion Shiba Inus. 13 billion SHIB were purchased and taken out of the Crypto.com exchange among these billions. On KuCoin, 1.5 billion were both purchased and withdrawn to cold wallets.

Additionally, 6.5 billion SHIB were transferred to OKX, most likely to be sold, and a total of 6.1 billion Shiba Inu tokens were transmitted to a Binance wallet. According to the current SHIB/USD exchange rate, 36.5 billion SHIB is equal to $316,090.

The highly anticipated mainnet debut of Shibarium now has an expected timeline, much to the joy of SHIB enthusiasts. Following user complaints about the lack of one, content marketing professional Lucie Sasnikova tweeted a response between Q2 and Q3 2023.

Besides that, Sasnikova revealed that the Shiba Inu team has several groups working on the launch, including one that integrates AI.

“Our estimate is for 2023, and we are not pumping anything but focusing on sustainable growth. The testing process and security audits are crucial before the launch,” she added.

In addition, Puppynet, the testnet for Shibarium, has continued to expand rapidly since its launch on March 11.

Shiba Inu’s L2 Milestone And A New Listing

Puppyscan’s most recent statistics show that there are now 15.9 million active wallet addresses on the native testnet, up from just 3 million just a few weeks after launch.

In addition, Shibarium recorded over 10 million total transactions, and at the time of publication, the average block time or time it takes to create a new block is 5 seconds.

In related news, the popular memecoin has landed in a well-known platform for trading digital assets Digitra.com, a Brazilian exchange, which recently announced its support for Shiba Inu. This update allows users of Digitra to conveniently purchase, sell, or hold SHIB tokens without any transaction fees.

Shiba Inu L2 Mainnet Launch Time Released; AI Integration Is Also In The Cards

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Shiba Inu’s highly anticipated mainnet launch of Shibarium has now an estimated timeline. After users’ complained of not having one, Lucie Sasnikova, content marketing specialist responded by tweeting between Q2 – Q3 2023.

Yesterday,shibarium_ guessed that the launch of the mainnet would be in August, while my guess is for Q3 and ShytoshiKusama guessed July. So STOP SAYING YOU DON’T HAVE AN ESTIMATED TIME You do!!! Q2 – Q3 2023.

In addition, Sasnikova disclosed that the Shiba Inu team has several groups working on the launch, including one that integrates AI.

“Our estimate is for 2023, and we are not pumping anything but focusing on sustainable growth. The testing process and security audits are crucial before the launch,” she stressed.

Earlier, Sasnikova made public a screenshot of a message from developer Shibarium1, in which he said that because the dev team, led by Shytoshi Kusama, is speeding up work on the mainnet, it would be released sooner than the community had anticipated.

Besides, certain things are going well “in testing, etc,” according to the message.

Shibarium’s release date will depend on how well beta testing and subsequent audits go, the marketing specialist said in a May 4, 2023 comment. She also revealed Kusama had confirmed that audits would be conducted.

Sasnikova, a key member of the meme token ecosystem also emphasized the importance of prioritizing safety and the need for rigorous crash tests.

A Word Of Caution For Shiba Inu Investors

She also cautioned investors looking for a rapid boost, saying that in this situation prices are not driven that way.

Even once the platform is out, Lucie noted that it might take months for it to establish itself in the market.

Recently, another prominent Shiba Inu member known as Ragnar revealed that the team is currently working on the latest version of ShibaSwap, a decentralized exchange [DEX].

Ragnar issued the update on Telegram in response to the community’s frequent requests for information on the development of the DEX.

He claimed that before it is released, ShibaSwap 2.0 would need a fresh security audit from the top blockchain security platform CertiK and urged SHIB fans to wait for the audit which will help silence critics and doubters.

Shiba Inu: Puppynet Smashes New Records

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Puppynet, testnet of Shiba Inu’s layer-2 has continued to take massive strides since its inception on March 11. The most recent data from puppyscan showed that the number of interacting wallet addresses on the native testnet has reached an astounding 15.9 million, up from just 3 million transactions a few weeks after the debut.

In addition, Shibarium had 10.7 million total transactions, and at the time of publication, the average block time or time it takes to create a new block is 5 seconds.

Recently, Unification Foundation, the team behind Shiba Inu’s layer 2 announced to deploy the Verified Open Randomness [VOR] and Oracle of Oracles [OoO] smart contracts on the Shibarium testnet as reported by TronWeekly reported.

For those new, UnificationUND is the non-profit organization behind the Unification Protocol and Shibarium.

VOR, as the name suggests, is a contract used for producing verifiably random outputs, for applications like lottery systems and game dApps that require randomization.

The Oracle of Oracles [OoO], created by Unification, is the next to be implemented on the Shibarium testnet which it said would address the issue of hackers and other threats that might lead to exploitation, such as the manipulation of asset values.

Oracles are smart contracts that have the ability to retrieve data from outside sources, such as cryptocurrency prices, and send it to the blockchain.

These smart contracts act as a bridge between the outside world and the blockchain, they help to facilitate this.

“The OoO Data Request API has been developed in such a way that a variety of data can potentially be plugged in without disrupting the existing smart contracts or infrastructure,” as stated in the blog.

Shiba Inu’s Native Cold Wallet Launch

In related news, the Shiba Inu team will shortly unveil the limited edition of its personalized cold wallet from Tangem. As per a Discord message by Shibarium1, an update regarding a preorder would be announced shortly.

The Tangem blockchain company in Switzerland created a user-friendly, smartphone-compatible bitcoin wallet that looks and functions like a standard credit card. It is also portable because it doesn’t require batteries or wires.

Brazilian Exchange Adds Shiba Inu to its Trading Platform: Everything You Should Know

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Shiba Inu
Brazilian Exchange Adds Shiba Inu to its Trading Platform: Everything You Should Know 7

Digitra.com, a well-known platform for trading digital assets, has recently announced its support for Shiba Inu. This update allows users of Digitra to conveniently purchase, sell, or hold SHIB tokens without any transaction fees.

In celebration of the occasion, Digitra.com has initiated a giveaway contest featuring a prize pool of 200 Digitra tokens (DGTA). The contest is open 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 23rd, 3 PM (UTC).

Upon the conclusion of the contest, Digitra.com will randomly select five fortunate winners who will be rewarded an equal portion of the prize pool.

Established in 2021, Digitra.com has emerged as a prominent digital asset trading platform, providing users with the ability to trade more than 50 cryptocurrencies without incurring any commission fees.

Potential Listing Alert: Shiba Inu in Consideration for CoinMENA

Adding to the excitement, CoinMENA, a renowned exchange headquartered in Bahrain, has recently sparked speculation about the potential listing of Shiba Inu. In a recent tweet, the exchange tagged Shytoshi Kusama, the lead developer of SHIB, along with five other dedicated members of the Shiba Inu community, hinting at the possibility of a future collaboration or listing.

As reported earlier by The Crypto Basic, CoinMENA created anticipation around the potential listing of Shiba Inu on May 13 by stating their intention to list a dog-themed cryptocurrency that Elon Musk does not mention in his tweets.

Furthermore, Bybit, a cryptocurrency exchange based in Dubai, launched a giveaway contest worth $20K specifically for Shiba Inu. According to The Crypto Basic, participants are required to trade SHIB on the Bybit platform to be eligible for the contest.

Meanwhile, Binance.US introduced an innovative feature called Crypto Box, which allows users to gift Shiba Inu and other digital assets to their loved ones without incurring any fees. This development provides a convenient and fee-free method of sharing cryptocurrencies as reported by The Crypto Basic.

Man who predicted Shiba Inu 6,000% rise, says Tradecurve is next

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During the beginning stages of Shiba Inu (SHIB), a man predicted that its price would skyrocket by 6,000%. It came true. Now, that same individual is back with another prediction. This time he mentions Tradecurve (TCRV), an upcoming decentralized trading platform currently in its presale stage. 

He sees this rising presale star as the next big thing in the crypto market, predicting it may see the same or greater increase in the soon-to-come bull run. In this article, we will take a closer look at both projects and see what makes this individual so bullish about Tradecurve. 

>>Register For The Tradecurve Presale<<

Shiba Inu (SHIB) – All bark, no bite 

Shiba Inu (SHIB) has been one of the most popular meme-tokens for years, emerging after the success of Dogecoin (DOGE). Although it was meant to be the “Dogecoin Killer,” as we can currently see, Dogecoin (DOGE) is showing more green charts while Shiba Inu (SHIB) is struggling. 

Shiba Inu (SHIB) is trading hands at $0.000008697, which is a fall of 1.44% in the last day alone. Over the previous month, SHIB has lost 25.1% of its value, and all technical indicators are pointing at this bearish trend continuing. 

On a positive note, the upcoming Shibarium launch, which will make Shiba Inu (SHIB) a Layer 2 blockchain built on Ethereum, has many SHIB holders excited. With Shibarium, the network would have faster transaction times, cheaper transaction costs, and improved decentralized application (Dapp) creation. However, the launch date for this project has yet to be revealed, and it may not come soon enough. 

image 66
Man who predicted Shiba Inu 6,000% rise, says Tradecurve is next 8

Tradecurve (TCRV) – Set to alter the trading sector fundamentally

While Shiba Inu seems to hang on a loose thread for survival in the crypto market, analysts have become fixated on Tradecurve, which combines the multi-billion-dollar derivatives and crypto markets in one on-chain trading platform. On this hybrid trading platform, users can utilize their cryptocurrency assets as collateral. 

Moreover, trading on Robinhood or Coinbase requires traders to go through time-consuming KYC processes, which Tradecurve does not require. Thus, traders will find a decentralized trading platform allowing them to trade multiple asset classes anonymously using cryptocurrency payments. 

Another aspect of Tradecurve that will set it apart from traditional trading platforms is its high leverage products which begins at 500:1. Additionally, new traders may learn the ins and outs of trading by enlisting in the Tradecurve metaverse academy and connecting with trading professionals. Beginners may also utilize the copy trading feature which will allow them to copy what successful traders are doing and generate profits off of their choices (for a subscription fee).

image 66
Man who predicted Shiba Inu 6,000% rise, says Tradecurve is next 9

The TCRV native token will fuel these features and can be bought for just $0.012 while also receiving a 25% deposit bonus on each purchase. We can see that Investors have been flocking to this presale which has already sold 20M+ tokens in a short space of time. And as these tokens keep selling, the price will continue to rise, with some experts predicting it doing a 50x increase during its presale and a 100x one when it gets launched on major exchanges. 

A good comparison for Tradecurve can be seen if we look at the Binance ICO, which began at $0.11 in 2017 and has since skyrocketed by 2,817% and now trades at $310. 

Since Tradecurve could offer a much more technologically sound trading platform, its growth potential may be tremendous. 

For more information about the Tradecurve presale:

Click Here For Website

Click Here To Buy TCRV Presale Tokens

Follow Us Twitter

Join Our Community on Telegram

During the beginning stages of Shiba Inu (SHIB), a man predicted that its price would skyrocket by 6,000%. It came true. Now, that same individual is back with another prediction. This time he mentions Tradecurve (TCRV), an upcoming decentralized trading platform currently in its presale stage. 

He sees this rising presale star as the next big thing in the crypto market, predicting it may see the same or greater increase in the soon-to-come bull run. In this article, we will take a closer look at both projects and see what makes this individual so bullish about Tradecurve. 

>>Register For The Tradecurve Presale<<

Shiba Inu (SHIB) – All bark, no bite 

Shiba Inu (SHIB) has been one of the most popular meme-tokens for years, emerging after the success of Dogecoin (DOGE). Although it was meant to be the “Dogecoin Killer,” as we can currently see, Dogecoin (DOGE) is showing more green charts while Shiba Inu (SHIB) is struggling. 

Shiba Inu (SHIB) is trading hands at $0.000008697, which is a fall of 1.44% in the last day alone. Over the previous month, SHIB has lost 25.1% of its value, and all technical indicators are pointing at this bearish trend continuing. 

On a positive note, the upcoming Shibarium launch, which will make Shiba Inu (SHIB) a Layer 2 blockchain built on Ethereum, has many SHIB holders excited. With Shibarium, the network would have faster transaction times, cheaper transaction costs, and improved decentralized application (Dapp) creation. However, the launch date for this project has yet to be revealed, and it may not come soon enough. 

image 66
Man who predicted Shiba Inu 6,000% rise, says Tradecurve is next 10

Tradecurve (TCRV) – Set to alter the trading sector fundamentally

While Shiba Inu seems to hang on a loose thread for survival in the crypto market, analysts have become fixated on Tradecurve, which combines the multi-billion-dollar derivatives and crypto markets in one on-chain trading platform. On this hybrid trading platform, users can utilize their cryptocurrency assets as collateral. 

Moreover, trading on Robinhood or Coinbase requires traders to go through time-consuming KYC processes, which Tradecurve does not require. Thus, traders will find a decentralized trading platform allowing them to trade multiple asset classes anonymously using cryptocurrency payments. 

Another aspect of Tradecurve that will set it apart from traditional trading platforms is its high-leverage products which begins at 500:1. Additionally, new traders may learn the ins and outs of trading by enlisting in the Tradecurve metaverse academy and connecting with trading professionals. Beginners may also utilize the copy trading feature which will allow them to copy what successful traders are doing and generate profits off of their choices (for a subscription fee).

image 66
Man who predicted Shiba Inu 6,000% rise, says Tradecurve is next 11

The TCRV native token will fuel these features and can be bought for just $0.012 while also receiving a 25% deposit bonus on each purchase. We can see that Investors have been flocking to this presale which has already sold 20M+ tokens in a short space of time. And as these tokens keep selling, the price will continue to rise, with some experts predicting it doing a 50x increase during its presale and a 100x one when it gets launched on major exchanges. 

A good comparison for Tradecurve can be seen if we look at the Binance ICO, which began at $0.11 in 2017 and has since skyrocketed by 2,817% and now trades at $310. 

Since Tradecurve could offer a much more technologically sound trading platform, its growth potential may be tremendous. 

For more information about the Tradecurve presale:

Click Here For Website

Click Here To Buy TCRV Presale Tokens

Follow Us Twitter

Join Our Community on Telegram

Shiba Inu Cold Wallets For Pre-Order: Tangem Collaboration Announced

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The Shiba Inu team has confirmed via an official tweet that Tangem, a Swiss-based crypto hardware wallet company, is creating unique cold wallets exclusively designed for the Shiba Inu (SHIB) cryptocurrency. Interested users can start placing pre-orders for these wallet cards starting May 29.

Shiba Inu’s Tangem Wallet Versatile Solution For 6,000+ Cryptocurrencies And DeFi Applications

According to information from Tangem’s official website, the Tangem SHIB Wallet reportedly supports over 6,000 diverse cryptocurrencies. Additionally, it offers a range of decentralized financial (DeFi) applications like decentralized exchanges (DEXs), crypto lending services, and non-fungible tokens (NFTs). Notably, the wallet is free and does not require users to provide personally-identifying information.

Tangem stated that the development of the product involved collaboration with Shiba Inu Swap, suggesting that it will likely incorporate changes beyond its external appearance. Although details are scarce, the tweets have sparked enthusiasm within the Shiba Inu community, indicating high demand and potential sell-out once pre-orders become available. Besides supporting the SHIB token, the Tangem SHIB wallet will also support ecosystem tokens like LEASH and BONE when launched.

Lucie Sasnikova, a well-known Shiba Inu marketing team member, tried to describe some wallet characteristics.

“The card is based on a highly secure Samsung element, and if properly preserved, the wallet can withstand temperatures ranging from -35 to 50 degrees Celsius for up to 50 years. In fact, the card is so durable that it is one of the few hardware wallets to have received an IP68 certification — thus proving it to be one of the most durable cards in the market,”

Features of the Tangem SHIB Wallet

SHIB holders can rejoice as the cold wallet is reportedly designed in a manner resembling a standard credit card, offering convenience through smartphone management. This wallet provides portability and user-friendly functionality and includes a “smart backup” feature, safeguarding investors and holders from potential loss of wallet access. With its impressive features, the cold wallet generates excitement for its potential and the significant role it will assume upon the launch of Shibarium on the mainnet. Users can utilize the hardware wallet without needing external batteries or cables, relying solely on their mobile devices.

This is accomplished by replacing the seed phrase with extra cards that act as a backup source. As a result, Tangem Wallet is often offered in packs of two or three cards.

Furthermore, users don’t need to provide their data for the card to operate. The card has been verified as secure following an independent assessment conducted by Kudelski Security and obtained EAL6+ security certification. Additionally, the card incorporates Near-field communication (NFC) technology to enhance its functionality.

SHIB Price Movement

Shiba Inu is known for responding to events like this as a meme coin with maximum growth momentum. However, once the pre-order date was revealed, the SHIB price indicated a decline of 1.87% within the previous hour while showing a decline of 0.63% over the past twenty-four hours and currently traded at $0.000008700.

Related Reading: | Bitcoin’s Utility Takes A Hit: Daily Unique Addresses Drop Below 800k In May |

SHIBUSDT 2023 05 19 05 50 46
Source: Tradingview.com

Shiba Inu’s Personalized Cold Wallet To Debut Soon

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Shiba Inu is set to launch the limited edition of its customized cold wallet from Tangem soon. As per a Discord message by Shibarium1, an update regarding a preorder would be announced shortly.

The cryptocurrency wallet, which was developed by the Swiss blockchain firm Tangem, is user-friendly, built like a regular credit card, and can be used with a smartphone. Additionally, it doesn’t need batteries or wires, which suggests portability.

Shiba Inu marketing expert Lucie Sasnikova presented the suggested characteristics of the Tangem SHIB Wallet in the announcement post from May 13 quoting Tandem.

The unique wallet will support over 6,000 cryptocurrencies, as well as several DeFi apps like non-fungible tokens [NFTs] and decentralized exchanges [DEXes], according to the tweet. The wallet is free to use, and no personal information needs to be entered.

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Shiba Inu's Personalized Cold Wallet To Debut Soon 14

The latest update comes after crypto wallet maker Ledger has come under massive backlash for its new “Ledger Recover” feature. Some Twitter users claimed that the service, which stores encrypted user seed phrases with third-party custodians, undermines Ledger’s stated commitment to privacy and security.

The stir prompted Sasnikova to say that the SHIB team had made the right decision not to partner with Ledger to create their SHIB cold wallet.

In some related developments in the meme token ecosystem, Shiba Inu’s Metaverse team would unveil the previews of four hubs namely WAGMI Temple, Rocket Pond, Ryo Plaza, and Tech Trench by the month of September.

The latest update was shared by Marcie Jastrow, SHIB’s metaverse consultant, in an interview with Sasnikova. Apart from that, Jastrow also disclosed that Shiba Inu’s metaverse will be released on PC, mobile, and virtual reality [VR]. 

Recently, the Shiba Inu community saw the emergence of a new large SHIB holder. The investor added $176,800,000 worth of Shiba Inu tokens, data from Etherscan showed. 

Whale Bought 20T Shiba Inu Tokens, Making Him The 5th Largest Holder

On-chain data revealed that the whale scooped up 20 trillion SHIB tokens worth $176.80 million in four consecutive equal transactions of 5 trillion SHIB tokens each.

The transfer has made the SHIB investor the fifth biggest holder. This new SHIB investor’s portfolio also makes up 2% of the Shiba Inu supply.