Shiba Inu Whale Shifts 4 Trillion SHIB
Shiba Inu, the self-proclaimed Dogecoin killer, recently experienced a surge in whale activity. A massive transfer of 4.25 trillion SHIB between two unknown wallets caught the attention of crypto enthusiasts. The transaction, totaling $44.90 million, sparked speculation within the community.
Community Burns 13 Million Coins
The Shiba Inu community also made efforts to boost the tokenomics of SHIB. They burned a significant amount of coins, totaling 13.14 million. This burning phenomenon led to a remarkable increase in the burn rate.
Shiba Inu Price Slips
The price of Shiba Inu experienced a slight decline of 1.65% over the past 24 hours, currently trading at $0.00001065. The market cap also saw a drop of 1.61%, reaching $6.27 billion. Additionally, the trading volume decreased by 16.52% to $159.30 million.
Hot Take: Bullish Sentiments Surround SHIB
Despite the recent price dip and market fluctuations, there is optimism surrounding SHIB. The notable whale activity and increase in the burn rate suggest positive developments for the token’s future. Investors and enthusiasts are hopeful that these advancements will lead to a bullish trend in the market.
By
By
By
By
By
By