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Shiba Inu (SHIB) on Track to Be Listed on Kraken

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Kraken is readying to list the Shiba Inu cryptocurrency

San Francisco-based cryptocurrency exchange Kraken is set to list Shiba Inu on Tuesday, according to an announcement made by the company on Twitter.

Kraken approached the listing in an unorthodox way. Instead of making a formal announcement, Kraken’s product lead, Brian Hoffman, challenged Shiba Inu fans to like the post at least 2,000 times.

This, of course, was an easily achievable target for one of the fastest-growing cryptocurrency communities.

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At press time, the tweet has collected over 17,600 likes, meaning that the hottest cryptocurrency is now set to appear on the trading platform as early as Tuesday.

Shiba Inu became available on Coinbase in mid-September. The addition of the meme coin to the largest U.S. exchange was viewed as a harbinger of the cryptocurrency’s massive October rally.

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The “Dogecoin killer” is also gaining plenty of traction on other trading platforms. Earlier today, Binance announced a trading pair that allows Shiba Inu to trade against its archrival. It will become available on Nov. 2.

Robinhood, however, continues kicking the can down the road on Shiba Inu despite the Change.org petition to list the cryptocurrency surpassing 450,000 signatures.

Shiba Inu is up 22% over the past 24 hours, firmly holding onto ninth place on CoinMarketCap.

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SHIB Community Burned About 2 Billion SHIB in November

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There have been a total of 7,409,202 $SHIB tokens burned and two transactions in the last hour.

According to shibburn, the SHIB community, dubbed the “SHIB Army,” burned about two billion SHIB in November. A total of 410,298,489,440,804 of the one quadrillion initial supply has been burned. Tokens that are burned are permanently removed from circulation. The decrease in circulating supply is predicted to raise the price of Shiba Inu in this instance.

According to Shiba Inu’s burn tracker, shibburn, a total of 410,296,586,422,853 SHIB tokens (41.02966%) have been burned from the initial supply of one quadrillion at the beginning of November.

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As of Dec. 1, this number had grown to 410,298,449,011,405 (41.02984% of the initial supply), representing a near 1.9 billion increase in tokens burned within the time frame.

Shiba Inu is about to undergo significant alterations that are likely to increase its value and boost its price. Shytoshi Kusama, the SHIB team’s lead developer, recently discussed the potential of Shiba Inu’s gameplay expanding into the “Metaverse.”

Gaming will also facilitate the burning process, as in-app purchases made from the Shiba Inu game will be used to burn a large amount of SHIB to lower the token’s supply. Currently, the SHIB supply is burned only when the owner of a Shiboshi NFT pays $100 in SHIB to change the NFT’s name.

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SHIB is trading at $0.00004230 as of press time.

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Shiba Inu Has Become Mainstream, Says Mark Zuckerberg’s Sister

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There’s room for two canine coins, according to Randi Zuckerberg

Randi Zuckerberg, a sister of Meta CEO Mark Zuckerberg, has recorded a short explainer about canine meme coins, which has been published on her official YouTube channel.

In her video, she weighed in on the surprising success of “Dogecoin killer” Shiba Inu, claiming that the token has gone mainstream.

Despite the rivalry between Dogecoin and Shiba Inu, Zuckerberg believes that there’s room for both of these canine coins:

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I didn’t even know there was room for one of those, but apparently there’s room for two.

The former Facebook spokesperson also mentioned numerous spinoffs of the two “flagship” canine coins, including Dogelon Mars.

She then recommended her viewers to “have some fun” with their crypto but not to bet their farm on meme coins, channeling the advice of Tesla CEO Elon Musk.

Earlier this week, Zuckerberg, a long-time crypto proponent, joined cryptocurrency exchange Okcoin as a member of its brand advisory council.

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Ethereum Whale Buys Another 28 Billion SHIB Coins

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“Gimli,” ETH whale, recently bought 28,236,296,316 SHIB ($1,169,829 USD)

Ethereum Whale ”Gimli” just bought another 28 billion SHIB coins worth a staggering $1.1 million, according to Whale Stats. Despite declines in the Shiba Inu price of late, either whales or large entities are taking the opportunity to accumulate more of the SHIB token.

The famous whale “Gimli” appears to admire Shiba Inu to the point of accumulating SHIB at every opportunity. On Nov. 30, U.Today revealed that the anonymous whale purchased a further 24.8 billion SHIB tokens valued at $1 million.

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Transaction Details
Transaction Details, Courtesy: WHALESTATS

Overall, the famous ”Gimli” whale now holds 1.2 trillion Shiba Inu coins worth a whopping $52.9 million.

Shiba Inu returned to the spotlight after its 40% rally as Kraken became the latest exchange to allow trading of the Shiba Inu token. Pressure on Robinhood to list Shiba Inu keeps mounting as a Change.org petition in favor of this listing has more than 542,000 signatures at the time of writing.

Shiba Inu was exchanging hands at $0.00004130 as of press time.

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