Zinger Key Points
- Shiba Inu’s partnership with the UAE government led Shytoshi Kusama to declare it a "technology powerhouse.".
- SHIB’s daily transactions surged, while major whale transfers from a centralized exchange raised speculation.
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Cryptocurrency traders hope Shiba Inu SHIB/USD may be poised for a comeback off the back of a partnership announcement with the government of the United Arab Emirates.
| Cryptocurrency | Price | Market Cap | 24-Hour Trend | 7-Day Trend |
| Shiba Inu SHIB/USD | $0.00001504 | $8.9 billion | -6.3% | -20.4% |
| Dogecoin DOGE/USD | $0.2468 | $36.51 billion | -5.3% | -26.2% |
| Pepe PEPE/USD | $0.059381 | $3.94 billion | -7.9% | -29.4% |
Trader Notes: Crypto trader Scofield highlighted that meme coins are evolving beyond hype, pointing to projects like Floki Inu FLOKI/USD, Dogwifhat WIF/USD and SHIB.
He emphasized that governance, innovation and real utility are key factors separating long-term winners from speculative fads.
Statistics: Whale Alert flagged a 1.24 trillion SHIB transfer from centralized exchange Kraken to an unknown wallet, sparking speculation about an upcoming shift in price trends.
Shibarium's daily transactions remain steady above 4.7 million, indicating sustained network usage.
Shibburn data reports 1.2 million SHIB burned in the last 24 hours, with the past week seeing a 2,421.2% increase—totaling 1.2 billion SHIB burned.
IntoTheBlock data shows large transaction volume down by 52.8%, while daily active addresses were up 6.4%.
Transactions greater than $100,000 dropped from 185 to 66 in a single day.
Community News: In a post on X on Tuesday, Shytoshi Kusama reinforced SHIB's evolving role, stating it is “a technology powerhouse, not just a meme.”
This comes after the Shiba Inu community's partnership with the UAE government, which will leverage SHIB's ecosystem for Web3 infrastructure, energy solutions and digital development.
The initiative also integrates Shiba Inu's Operational System into the Ministry of Energy and Infrastructure, streamlining digital transformations.
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