Shiba Inu (SHIB) has seen a surge in demand from fresh investors, with the network having facilitated approximately 11.1 million transactions since its inception. The Shiba Inu ecosystem was valued at about $7.29 billion with the liquidity on Uniswap V3 WETH pool at about $1.2 million and approximately $4.8 million via the ShibaSwap ecosystem.Fresh wallets have accumulated over 18 billion tokens in the past two weeks, with Shiba Inu’s crypto exchange outflows amounting to more than 120 billion on Thursday. Robinhood Exchange has added more than 800 billion Shiba Inu to its portfolio, holding over 34 trillion SHIB worth approximately $279 million.Shiba Inu has established a strong support level around $0.00000723 and is expected to rebound in the coming weeks. The Shibarium layer two scaling solution is built on the Ethereum and Polygon networks, with the Shibarium mainnet network live for DeFi developers.The high Shiba Inu accumulation rate has triggered FOMO traders, despite the price still struggling to rebound from the bear market lows. Shiba Inu price action is awaiting Bitcoin’s breakout towards $30k to rejuvenate the bullish outlook. Meanwhile, Shiba Inu price consolidation is expected to take place despite some crypto analysts warning of an incoming 40 percent crash in the market.

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Information	Details
Geography	Global
Countries
Sentiment	neutral
Relevance Score	8
People	None
Companies	SEC, Ethereum, Robinhood Exchange, Coinbase, FCA, Bitvavo, Uniswap V3 WETH, CySEC, Polygon, FINRA, ShibaSwap
Currencies	Balancer Boosted Aave WETH, Ethereum, Uniswap, Bitcoin, Shiba Inu
Securities	None