Global #Shiba Inu

Shiba Inu (SHIB) has been grappling with a persistent downtrend since March, leading to a significant erosion of investor confidence. This prolonged decline has seen many investors retreat from the asset, resulting in diminished trading volumes and market activity.

On August 15, Lucie (@LucieSHIB), the marketing lead for Shiba Inu, unveiled the official launch date for liquid staking on the Shibarium network. The announcement, made via a video on X, marks a significant milestone for the Shiba Inu ecosystem.

On Wednesday, Shiba Inu (SHIB) saw a minor decline of 0.1% following a pivotal loss of a key accumulation zone. Despite this, on-chain and technical indicators suggest that the meme coin might experience a brief rally if certain conditions are met.

Recent data from market intelligence platform IntoTheBlock reveals that Shiba Inu (SHIB) whales have been significantly reducing their holdings over the past 30 days.

In a surprising turn of events in the cryptocurrency world, the new entrant "Cats In A Dogs World" has outperformed established memecoins such as Dogecoin and Shiba Inu to claim the top spot on the 24-hour gainers chart.

In a dramatic shift within the cryptocurrency market, Shiba Inu has edged ahead of Avalanche, now holding a market valuation of $7.9 billion compared to Avalanche’s $7.8 billion. This rise in Shiba Inu's valuation comes despite a sharp downturn in the cryptocurrency market earlier today.