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According to ShibDaily, the Shiba Inu ecosystem, once a prominent figure in the meme-coin trend, is now making significant strides towards global adoption. This shift is marked by Shytoshi Kusama, the former lead visionary, taking on the role of Lead Ambassador. This change signifies a major transformation in the project's direction, emphasizing real-world utility. Kusama, affectionately known as "Shy" within the community, announced his transition in a blog post, highlighting the project's achievements, including maintaining its position among the top 20 tokens and achieving 800 million flawless transactions on the Shibarium network. This move indicates a strategic shift from the project's meme-inspired beginnings to a more focused initiative aimed at creating a "Network State." This new framework is designed to assist governments, businesses, and individuals in transitioning to Web3, utilizing the ecosystem's core tokens. A key element of this strategy is the Shiba Inu operating system, ShibOS, previously known as the 36 Chambers of Tech. This technology stack offers a platform for developing Web3 applications. As Lead Ambassador, Kusama will focus on promoting ShibOS, guiding projects interested in building with this technology, and helping them implement global solutions. Rand Hindi, CEO of Zama, expressed support for Kusama's new role, emphasizing the potential of ShibOS as the operating system for network states. Additionally, the project is moving towards decentralized governance through a Decentralized Autonomous Organization (DAO). Kusama has committed to ensuring a smooth transition to community control, highlighting the project's dedication to decentralized governance. This shift represents a significant evolution for the Shiba Inu ecosystem, as it seeks to expand its utility and influence in the global market.

According to ShibDaily, Shytoshi Kusama has unveiled the expanded utility of BONE, the gas fee token for Shiba Inu's Layer 2 solution, Shibarium. In a recent blog post, Kusama addressed the Fear, Uncertainty, and Doubt (FUD) surrounding BONE, emphasizing its pivotal role in blockchain innovation. The post comes as anticipation builds for the launch of the Shiba Inu Treat (TREAT) token. Kusama highlighted the team's efforts to establish relationships with exchanges, aiming not only to list TREAT but also to demonstrate Shibarium's capabilities and integrate all ecosystem projects. Despite operating without large budgets, the team has faced challenges, with Kusama suggesting that FUD is often spread by those close to the project who are aware of its development.The blog post redefines BONE's role beyond a simple gas token, introducing its function in a planned layer 3 system utilizing Fully Homomorphic Encryption (FHE). This new utility expands BONE's core function as a gas token for Shibarium, making it essential for on-chain functionality and as a transaction medium for an expanded ecosystem of layer 3 projects. Kusama elaborated on an experimental project allowing users to create roll-ups, similar to Arbitrum or Optimism, which would settle on Shibarium. This design positions BONE as crucial for both settlement and data availability layers, ensuring blockchain transaction data is accessible and verifiable, which is vital for scalability and efficiency. The project compares BONE's use case to that of Celestia and its token TIA, highlighting Shibarium's dual role as a settlement and data availability layer.In addition to its architectural roles, BONE is intended to serve as the central hub for all "Spoke" chains, utilizing cross-chain enablement via Chainlink for all protocols. This underscores BONE's importance and the project's serious intentions, placing it at the center of an expanding network where its utility extends beyond individual transactions to the overall connectivity of the ecosystem. Kusama's blog concludes by emphasizing BONE's future utility and the project's focus on further adoption of Shibarium. The narrative around BONE is evolving, transforming from a simple gas token to a central element in a growing ecosystem, with expanded functions as a settlement and data availability layer, and as the foundation for new layer 3 projects operating through Shibarium.

According to Odaily Planet Daily, Whale Alert reported that around  13:47 UTC today, a massive transfer of 1,636,940,000,000 SHIB tokens, valued at $39,038,563, was moved from the Crypto.com exchange. 

According to Odaily, cryptocurrency analyst Ali has revealed data on the X platform indicating that the most critical support range for SHIB lies between $0.0000215 and $0.0000193.

According to U.Today, Lucie, a marketing expert for Shiba Inu, recently addressed the global community of Shiba Inu holders on the X platform, formerly known as Twitter, to discuss strategies for protecting themselves against fraudulent activities in the cryptocurrency space. Lucie emphasized the importance of maintaining a calm demeanor and not allowing scams to distract or provoke reactions. She suggested that the most effective way to safeguard against scams, rug pulls, and pump-and-dump schemes is to simply ignore them. Lucie likened reacting to scams to accepting 'free candy from strangers' or purchasing counterfeit items from aggressive street vendors, advising that crypto investments should be approached with caution and common sense.In related news, the Shibburn wallet tracking platform reported a significant increase in the SHIB burn rate, with a rise of over 208% in the past day. This increase was achieved by removing 53,427,800 SHIB meme coins from circulation, with the majority being burned in a single transaction that sent 53,423,510 Shiba Inu to an unspendable blockchain wallet. The Shibburn website indicates that the combined efforts of the SHIB team and community have resulted in the burning of 410,742,344,605,975 SHIB to date. A significant portion of this amount was burned by Ethereum founder Vitalik Buterin in May 2021, after the mysterious SHIB creator Ryoshi sent half of the quadrillion supply to Buterin as a gesture of respect. Currently, 583,957,559,864,114 SHIB remain in circulation on the market.

According to U.Today, the Shiba Inu community has significantly increased the burn rate of SHIB tokens over the past 24 hours. The Shibburn data tracker reported a remarkable 2,542% rise in the burn rate, with a total of 68,170,710 SHIB tokens removed from circulation. This increase in burn rate comes as the SHIB community closely monitors the cryptocurrency's price, which has been attempting to surpass the $0.000033 resistance level this week.The substantial amount of SHIB burned was achieved through several transactions, with two notable transfers accounting for the majority of the tokens sent to unspendable blockchain addresses. These transactions involved 53,423,510 and 14,742,910 SHIB tokens, respectively. This recent burn activity follows a previous report from Shibburn, which highlighted a staggering 144,045% increase in SHIB burns two days ago, with 2,041,299,351 SHIB transferred to dead wallets. The founder of SquidGrow, @Shibtoshi_SG, was responsible for a single transfer of 2,020,624,700 SHIB during this period. Over the past week, the SHIB community has successfully burned a total of 2,985,633,942 SHIB tokens.Despite the impressive burn rate, SHIB's price performance has been volatile. Over the last 24 hours, the meme-themed cryptocurrency has experienced a decline of approximately 8.55%, dropping from $0.000033 to around $0.000030. This decrease followed a nearly 24% surge earlier in the week, which occurred between Tuesday and Thursday. This was the second attempt by SHIB to break above the $0.000033 resistance level in the past seven days, having previously reached this level over the weekend after a 24% increase. As of the current writing, Shiba Inu is trading at $0.00003014 per token.

According to ShibDaily, Shiba Inu (SHIB) has experienced a significant increase in network activity, with a notable surge in new wallet creation. On a recent Sunday, over 7,500 new wallets were established, marking a 214% rise compared to the token's average daily growth of approximately 2,400 wallets. This surge indicates a growing interest in SHIB's expanding ecosystem and has generated positive sentiment among investors and analysts.Historically, Shiba Inu has maintained a steady but modest daily growth rate in wallet creation. However, the recent spike in activity suggests a wave of new participants entering the ecosystem. This growth surpasses previous trends, such as in January 2023, when SHIB's wallet growth continued despite market volatility. Data from CoinMarketCap showed that the total number of unique Shiba Inu addresses reached a record high of 1,136,080 by January 13, 2022, up from 1,063,858 holders on December 15, 2021. This represented an increase of 72,222 new holders over the previous month, averaging around 2,407 new wallets per day.

According to U.Today, Shytoshi Kusama, the enigmatic leader of the Shiba Inu (SHIB) project, has issued a warning about potential threats to the project's decentralized autonomous organization (DAO). Kusama, who operates under a pseudonym, stated that he had a revelation in a dream about a group he referred to as "shadowcats" planning to take over the DAO. This DAO is intended to transition governance functions of the SHIB ecosystem to all SHIB holders, regardless of their stake size.Kusama assured the community that any plans against SHIB and its DAO would not succeed, as the team is prepared to counteract any such threats efficiently. He emphasized that strategies are already in place to address these challenges. This statement follows a previous announcement by SHIB marketing lead Lucie, who highlighted the DAO's role in giving SHIB users more control over decisions impacting the ecosystem.In related developments, Kaal Dhairya, a leading developer in the SHIB project, has shared his thoughts on enhancing the Shiba Inu ecosystem, particularly concerning token burns. Dhairya mentioned having "big ideas" for the ecosystem but did not disclose specific details. He stressed that burning and reducing the supply of SHIB is a collective effort and not solely the responsibility of the SHIB team.Dhairya's comments came after a heated discussion on the X platform, where he addressed complaints about the SHIB team's role in token burns. He pointed out that the utility of Shibarium, the SHIB blockchain platform, directly influences the rate of token burns. Additionally, he announced that the automated SHIB burn mechanism would undergo maintenance to introduce a more efficient and cost-effective burn process.Over the past month, the SHIB community and developers have successfully burned a record 3,162,301,655 SHIB tokens in 167 transactions, as reported by the Shibburn tracker. This effort reflects the ongoing commitment to reducing the circulating supply of SHIB and enhancing the project's overall utility.

According to U.Today, Shiba Inu (SHIB) has experienced a notable 13% decrease in value over the past day, following a strong rally earlier in the week. During this rally, SHIB managed to break through significant resistance levels, reaching a high of $0.000033 before retreating to $0.000029. The recent price movement was characterized by a breakout from a bullish pennant pattern. However, it remains uncertain whether this rally was sustainable or merely a result of overbought conditions, as indicated by the Relative Strength Index (RSI), which suggests a cooling-off period.Despite the recent decline, on-chain data reveals that 73% of SHIB holders are still profiting at the current price level. The rally and subsequent sell-off appear to have been heavily influenced by large holders, with a 74% concentration. Over the past week, there has been a significant volume of transactions exceeding $100,000, amounting to $1.63 billion, indicating active participation by whales. Looking ahead, the $0.000027 range is identified as a crucial support level for SHIB.A potential rebound could be driven by increased interest from both institutional and retail investors if SHIB maintains its current level. To sustain its bullish trend, SHIB must overcome resistance at $0.000033 and $0.000036. Despite the recent downturn, SHIB continues to exhibit strong network activity, with a large percentage of long-term holders (77% holding for more than a year) demonstrating confidence in the asset's fundamentals. However, if selling pressure persists or the broader market deteriorates, further declines cannot be ruled out. The current correction may serve as a necessary phase of consolidation, and another rally could occur if support holds and market sentiment improves. Investors are advised to exercise caution and closely monitor key levels.

According to Decrypt, Shiba Inu (SHIB), the second-largest dog-themed cryptocurrency by market capitalization, experienced a significant price surge on Saturday, reaching an eight-month high. The Ethereum-based token spiked to $0.00002969 before slightly retreating to $0.00002897. Despite the slight decrease, SHIB remains up over 12% for the day. The last time Shiba Inu reached such a peak was on April 1. Among the top 50 cryptocurrencies by market cap, SHIB is the leading gainer, with Filecoin following with a 10% increase.While Shiba Inu leads the charge, other dog-themed meme coins have shown mixed performance. Bonk (BONK) and Dogwifhat (WIF) have each seen modest gains of approximately 1% over the past 24 hours. However, Floki (FLOKI), another Ethereum-based token, has risen by nearly 6% today. Dogecoin (DOGE), the most prominent meme coin, is approaching a one-week high with a current price above $0.43, marking a 3% increase for the day. Last Saturday, DOGE reached a three-year high of $0.475, and it has surged by 164% over the past month.

According to U.Today, the Shiba Inu (SHIB) community has significantly increased its burn rate, removing tens of millions of SHIB tokens from circulation. In the past 24 hours, a total of 61,468,595 SHIB coins have been sent to unspendable wallets, marking a 5,154% increase in the burn rate. This surge was largely driven by a single massive burn transaction, which accounted for 80.95% of the total amount burned. The largest transaction involved 48,266,929 SHIB, executed by an unknown wallet. This was followed by smaller transactions of 6,008,171 and 3,938,558 SHIB.The SHIB team, through its marketing lead known as Lucie, addressed the community, emphasizing the importance of patience and commitment to building within the crypto space. Lucie advised against investing large sums into blockchain projects unless one is a crypto billionaire, suggesting that focusing on personal passions and allowing growth to occur naturally is more effective. She also highlighted the need to ignore negative influences and individuals who contribute little to the community.In terms of market performance, Shiba Inu has experienced notable price movements. Over the past day, SHIB's price rose by approximately 7.5%, reaching $0.00002652, before declining by 4.3% to $0.00002539. This fluctuation follows a 12% increase since Tuesday, reflecting the volatility often seen in meme cryptocurrencies. Despite the recent decline, the SHIB community remains active in its efforts to reduce the circulating supply through strategic burns.

According to U.Today, the U.S. financial markets are closed today, November 28, in observance of Thanksgiving Day. This closure means that traditional market participants are not active in the cryptocurrency market, particularly in Bitcoin and Ethereum ETFs. As a result, cryptocurrencies like Shiba Inu (SHIB) are trading without the influence of major players who might otherwise exert pressure through these financial instruments.On this holiday, the price of SHIB has shown a multidirectional movement, finding support at a significant level around $0.000025. This support emerged after a price dip followed by a recovery, forming a long hairpin on the hourly price chart. From a local low of $0.0000234, SHIB's price increased by 12.5% before correcting by 3%, settling at its current level. This pattern is considered a textbook correction, which is deemed healthy and necessary for a potential further upward trend. 

According to ShibDaily, Shiba Inu (SHIB) is showing signs of a potential price surge, with predictions suggesting an increase of over 300% from its current value. On Tuesday, Javon Marks, a cryptocurrency analyst, shared insights on X (formerly Twitter) about several bullish technical indicators that could propel SHIB to new heights. Marks noted that Shiba Inu has been in a strong position, having broken out and risen by over 162% recently. He highlighted a "Hidden Bullish Divergence," which indicates increasing buying pressure despite price dips, as a key factor in the potential price increase.Marks' analysis suggests that this divergence could push SHIB over 75% above its 2024 highs, potentially leading to a 215% increase to a target price of $0.000081. The analysis also pointed out a significant breakout in late 2023/early 2024, followed by consolidation above previous resistance levels, now acting as potential support. This shift in market sentiment is further supported by increased trading volume during the breakout and consolidation phases.As of early Tuesday morning, Shiba Inu was trading at $0.000025, reflecting a slight decline over the past 24 hours and week. Despite this recent dip, the cryptocurrency has experienced a substantial 47.72% increase in value over the past month. Community sentiment on CoinMarketCap remains largely positive, with 89% of users expressing bullish views on SHIB's future, indicating strong underlying support and belief in its long-term potential.Shiba Inu currently holds a market capitalization of $14.83 billion and a circulating supply of 589.51 trillion SHIB, maintaining its status as a significant player in the cryptocurrency market. While the recent price decline suggests potential market volatility, the overall bullish sentiment and technical indicators point towards a promising outlook for Shiba Inu. Readers are advised to conduct their research and consult with financial advisers before making investment decisions. This article is for informational purposes only and should not be considered financial advice.

According to U.Today, Shibarium, the Layer-2 protocol of Shiba Inu (SHIB), is on the verge of reaching a significant milestone as it continues to gain traction in the cryptocurrency space. The number of wallet addresses associated with Shibarium has seen a substantial increase, nearing the 1.9 million mark. Data from Shibariumscan indicates that the current total of wallet addresses stands at 1,899,389, just 611 short of the milestone. This growth reflects the increasing engagement within the Shiba Inu ecosystem.The rise in wallet addresses suggests that more users are joining the Shibarium network, highlighting the expanding community of Shiba Inu supporters. Shibarium supports native tokens such as SHIB, LEASH, and BONE, and the growing number of wallet addresses could lead to heightened activity within the network. This increase in activity might result in more token transactions, staking, and governance decisions, potentially enhancing the utility and value of the ecosystem's tokens.In addition to the surge in wallet addresses, Shibarium has surpassed a major block milestone. The total transaction volume on the network currently stands at 551,059,737, with daily transactions averaging 4.67 million. This equates to more than 2.5 transactions per wallet. Recently, Shibarium exceeded the 8 million block milestone, with the total number of blocks now at 8,032,699. This achievement underscores Shibarium's steady growth over the past year.In the broader cryptocurrency market, SHIB has experienced a 10.61% increase in value over the past 24 hours, trading at $0.00002739. The market volume for SHIB has also surged by 122.29%, reaching $3.24 billion, as the ecosystem continues to attract significant interest.

According to U.Today, Shiba Inu (SHIB) is gearing up for a potential market shift, driven by profitability metrics and on-chain data. As significant addresses move into profitable zones, approximately 74 trillion SHIB tokens are expected to become active, which could lead to a notable change in the token's price dynamics.Recent data indicates that 62% of SHIB holders are currently profitable, reflecting a high level of investor confidence. This increased profitability translates into heightened market confidence, especially as price levels rise and active addresses become more engaged. A high profitability ratio often serves as a support mechanism, reducing selling pressure and stabilizing the price. If SHIB continues its upward trend, the likelihood of profit-taking also increases.The SHIB price chart reveals the formation of a bullish triangle, with a recent breakout above the $0.000026 barrier. This breakout is a strong bullish signal, suggesting that SHIB may be targeting the next resistance level near $0.000030. If the asset maintains its momentum, it could aim for even more ambitious targets. However, the 200-day moving average at $0.000022 remains a critical support level. Should SHIB fail to stay above this level, it may revert to a consolidation phase, reversing the current bullish outlook.The market sentiment towards SHIB remains predominantly bullish, supported by significant transactions exceeding $1.03 billion over the past week. This influx of substantial transactions further reinforces the positive perception of SHIB in the market.

According to U.Today, Stellar (XLM) has recently overtaken Shiba Inu (SHIB) in terms of market capitalization, following a substantial rally. CoinGecko data reveals that XLM's market cap has surged to $17.3 billion, marking a 190% increase over the past week and a 600% rise over the last three weeks. In contrast, SHIB's market cap stands at $15.7 billion, with a comparatively modest 9% price increase.XLM is now on the verge of breaking into the top 10 cryptocurrencies by market capitalization, a notable milestone for the altcoin that often remains under the radar. Stellar's native token, XLM, was co-created by Ripple co-founder Jed McCaleb and is known for its tendency to trade in tandem with XRP, the token associated with Ripple. Earlier this week, XRP experienced a significant rally, reaching a multi-year high of $1.6, following the announcement of SEC Chair Gary Gensler's upcoming resignation.Ripple CTO David Schwartz has previously commented on the price correlation between XLM and XRP, expressing uncertainty about the underlying causes. Schwartz suggested that external factors outside their ecosystems might be influencing both tokens' prices. He dismissed the idea of manipulation or any malicious force driving the correlation, attributing it instead to their shared history and the perception of market participants.

According to U.Today, Shiba Inu's marketing lead, known as Lucie, has issued a warning to the cryptocurrency community about fraudulent actors targeting the sector. In a recent post on her X account, Lucie cautioned against retweeting content from these deceptive individuals, noting that such actions are not wise. She highlighted that these 'shady bad actors' often sell their accounts to other users, emphasizing the importance of avoiding scams. Lucie's message serves as a reminder to the community to exercise caution and integrity.In a related post, Lucie addressed concerns about the potential for 'rug pulls' within the Shiba Inu ecosystem. Responding to a query from a community member, she acknowledged that while it is impossible to completely eliminate rug pulls, the Shiba Inu team is committed to educating and warning its community. Lucie advised followers to rely on trustworthy sources, such as the @susbarium account on the X app, which regularly issues scam alerts and updates about the Shiba Inu ecosystem. She stressed the importance of staying informed about risks and developments, encouraging users to recognize red flags and conduct thorough research before engaging with any project.Lucie also emphasized the need for collective awareness and caution to ensure the safe navigation of decentralized platforms. She reiterated her advice to follow accounts with integrity for accurate information, underscoring the role of education and precautions in safeguarding the community. Meanwhile, the Shiba Inu cryptocurrency has experienced a notable price increase, with a 12% growth over the past 24 hours. This surge was largely driven by a significant upward movement on an hourly chart, pushing the price from $0.00002521 to $0.00002759 before settling slightly lower. The recent performance has captured the attention of the community, highlighting the ongoing interest in meme-inspired cryptocurrencies.

According to U.Today, the Shiba Inu team, represented by its marketing lead known as Lucie, has issued a warning to the SHIB community about the prevalence of crypto scams. This announcement comes as the SHIB token experienced a 12.5% increase in value over the past day. Lucie cautioned the community about scammers who disguise themselves as legitimate players in the crypto space, manipulating truths and exerting emotional pressure on investors. These scammers often create a sense of urgency, making investors feel they are missing out on significant opportunities, only to promote fraudulent schemes and pump-and-dump tactics. Lucie advised the Shiba Inu community to remain vigilant and avoid falling for false promises or dubious projects. She emphasized that while the desire to earn money is natural, true wealth is achieved through patience and holding investments, rather than succumbing to fear of missing out (FOMO).In a related development, another account linked to the SHIB team, @susbarium, highlighted an adoption test designed to distinguish between cryptocurrency projects that offer genuine value and those that merely deplete liquidity. The post explained that projects adding value contribute to real crypto adoption by building liquidity and creating sustainable ecosystems, thereby empowering users with solutions that benefit the broader community. These projects foster long-term growth and strengthen their ecosystems. Conversely, projects that drain liquidity tend to exploit hype, extracting funds without providing tangible benefits, and often vanish, leaving their ecosystems weaker.The tweet from @susbarium also warned about meme coins, which, while capable of fostering engagement and community spirit, can attract opportunists who contribute little value. It stressed the importance of balancing fun with real utility and urged users to carefully evaluate projects by asking whether they add value or merely consume resources. This message underscores the need for investors to exercise caution and discernment in the rapidly evolving crypto landscape.

According to U.Today, a social media administrator from the Shiba Inu team, known as @DavinciShib on the X platform, has issued a significant warning to the Shiba Inu community. The warning elaborates on how scammers exploit the SHIB name, echoing a recent post by Shytoshi Kusama about similar fraudulent activities. @DavinciShib cautioned the SHIB community about individuals who add “SHIB” to their names to promote and sell dubious coins. He emphasized that this practice is a major red flag, as it does not guarantee safety. The administrator highlighted that anyone can incorporate “Shib” into their name, but this does not ensure legitimacy. He advised the community to be wary of any unknown coins being marketed under the SHIB name, as it often signals a scam.In his comments, @DavinciShib disclosed the existence of a group that launches a new coin every few months, with these coins typically losing 80-90% of their value. Despite the losses, these individuals are already preparing to introduce the next coin. He urged the SHIB community to recognize this pattern and avoid falling victim to such schemes multiple times.Shytoshi Kusama, the enigmatic lead developer of SHIB, also shared his frustrations with the community on November 1. He revealed how scammers use his name and X account to deceive others. Kusama explained that he occasionally follows accounts from the SHIB community to stay informed. Scammers exploit this by offering to buy these accounts for around 1 ETH, a substantial sum in many regions. They then change the account’s name and profile picture to that of an attractive woman to gain followers, subsequently launching a fake token marketed as “community-driven.”Kusama expressed his exasperation with these scams and reminded the community to verify token information through official SHIB channels. He stressed the importance of relying on official sources, especially given the decentralized nature of even these channels. Kusama’s message to the community was clear: remain vigilant and always confirm the authenticity of information through trusted sources.