Shiba Inu Surges 700% Amidst Bitcoin Rally

Shiba Inu experiences a significant surge in price as Bitcoin surpasses $64,000, reaching levels not seen in over two years.

Shiba Inu Hits Multi-Month High, Surging 25% in Early Trading

Shiba Inu achieves a multi-month high of $0.00001473, with a 25% increase in early trading. The current price stands at $0.00001365, up 41% for the week. Trading volume spikes by 114%, totaling $2 billion. The rally extends for the sixth consecutive day since February 24.

Large Holders Inflow, Courtesy: IntoTheBlock Data

Shiba Inu Witnesses 700% Surge in Large Holder Inflows Amid Price Rally

Large holder inflows surge by 700%, matching the price surge. This indicates substantial buying activity, with addresses purchasing on centralized exchanges and moving assets into cold storage. Notably, large holder inflows rise from 336.79 billion SHIB to 2.08 trillion SHIB between February 25 and February 28.

Shiba Inu Partners with Zama to Launch Privacy-Focused Network on Shibarium Blockchain

Shiba Inu announces plans to launch a privacy-focused network on the Shibarium blockchain in collaboration with Zama, an open-source cryptography company. The network will utilize Fully Homomorphic Encryption (FHE), enhancing the value proposition of SHIB tokens by bolstering privacy features and data security.

The surge in Shiba Inu's price and trading activity, coupled with expansion plans for a privacy-focused network, reflect the growing interest and confidence in the SHIB ecosystem.