## Unleash the Power of Ethereum with #Renzo #Binance 53rd launchpool project and Reimagine Ethereum Staking with Renzo!🚀🚀😍

What makes $REZ and it's ecosystem revolutionary:
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* Flexible Staking - earn rewards without locking your ETH

💥Simplify Your DeFi Journey
Renzo acts as the bridge to EigenLayer, the next level for Ethereum. It abstracts away complexity, allowing you to:
* Effortlessly collaborate with EigenLayer node operators
* Enjoy a seamless DeFi experience on Ethereum

💥The Future of Ethereum is Permissionless
Renzo champions EigenLayer's vision of unrestricted innovation on Ethereum. It fosters:
* Decentralized security for Actively Validated Services (AVSs)
* Programmatic trust for a thriving EigenLayer ecosystem

💥Join the Renzo Revolution!
Renzo is built to accelerate the widespread adoption of EigenLayer. Be part of the future of Ethereum:
## Ready to Farm $REZ on Binance Launchpool? Here's Your Guide!

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- Choose Your Stake: Decide if you want to stake BNB with 147,569.44 REZ in reward or FDUSD with 26,041.67 REZ in rewards.
- Head to Launchpool: Navigate to the Launchpool tab on Binance and find the REZ pool.
- Start Staking: Follow the instructions to stake your chosen crypto and start farming REZ tokens!

Farming ends on April 30th at 09:00am UTC. Don't miss out on this exciting opportunity to be part of the next big thing in crypto.

#RENZOLAUNCHPOOL

🚀🚀🚀Hong Kong News: Bitcoin & Ether ETFs Trading Begins On April 30 🚀🚀🚀

Hong Kong’s Securities and Futures Commission (SFC) finally approved spot Bitcoin and Ethereum ETFs; trading will begin on April 30. 

Spot Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs) have finally been approved by Hong Kong’s SFC and will begin trading on April 30. It will offer institutional investors and retailers a convenient and safer way to invest in digital assets. Unlike US spot BTC ETF, Hong Kong’s motive is to deliver in-kind creation models that assist in creating new ETF shares.

Hong Kong Spot BTC And ETH ETF Trading

On April 24, the official approval for Spot BTC and ETH ETFs trading joyfully filled Hong Kong crypto enthusiasts. After successfully approving the ETFs, Hong Kong is now ready to arrange its first batch of trading, scheduled for April 30. 
According to SFC, The ChinaAMC, Harvest, and Bosera HashKey Bitcoin and Ether ETFs were approved on April 23. Additionally, Bosera Asset Management’s ETF will be managed by HashKey Capital.

Approval of the ETFs showcases a successive step in Hong Kong’s creation of a model for ETFs that assists in developing new ETF shares using BTC and ETH. The in-kind ETF creation model holds the potential to spike assets under management (AUM) and trading volume for ETH and BTC.   

Thomas Zhu, ChinaAMC’s head of digital assets, expressed his views on spot BTC and ETH ETF approval. 

“The spot Bitcoin and Ether ETFs offer retail and institutional investors a safe, efficient, and convenient means to invest in virtual assets in a regulated framework,” said Zhu.

He added that the demand for ETFs in institutional asset allocation and retail trading is gradually increasing in Hong Kong, and we expect the same for our offerings. 

#ETF✅ #HongKong

$BTC $LEVER

Solana Holds Above $150 Amid Mixed On-Chain Metrics: Here’s The Next Price Level For SOL

Recently, Solana (SOL) has attracted considerable interest as its price has consistently recovered from previous lows. This positive trend followed Bitcoin’s recovery toward the $66,000 mark. Despite this bullish market sentiment, Solana has experienced a decline in its crucial on-chain metrics. However, several metrics continue to build strong buying demand for Solana, creating a mixed sentiment in the market.

New SOL Addresses Decline By Several Thousands
Currently, the market is experiencing a battle between buyers and sellers as they both try to set a clear price trend for Solana (SOL), which is currently trading within a range-bound ascending channel. As buyers are now gaining advantage, there’s a rise in significant liquidations.

Recent figures from Coinglass reveal that Solana have seen total liquidations close to $6.8 million. Of this total, buyers have faced liquidations amounting to about $2.5 million, whereas sellers have experienced liquidations totalling around $4.3 million.

What’s Next For SOL Price???

If the price advances past the moving averages and $162, it signals a potential comeback by the bulls. In this scenario, the SOL/USDT pair may aim for a rally towards the next major resistance at $192.
If the price declines from the moving averages, it indicates surging negative sentiment and that traders are selling during price rallies. This could lead the price to drop towards the solid support level at $126. If it breaks below this threshold, there could be a further decline to $100.

$SOL

#SolanaInvesting

Shiba Inu Raises $12M Through Treat Token Sale 🤑🤑

💎Shiba Inu team secures $12 million via TREAT token sale to non-U.S. investors like Polygon Ventures.
💎The lead developer, Kusama, clarifies the investor base amid queries about U.S. involvement.
💎TREAT is a utility and governance token for Shiba Inu’s Layer 3 blockchain.

The team behind the Shiba Inu memecoin has secured $12 million by selling its unreleased token, TREAT, to non-U.S. venture capital investors. The fundraising campaign, which started several months ago, witnessed participation from investors such as Polygon Ventures,

Mechanism Capital, Big Brain Holdings, Woodstock Fund, and DWF Ventures,
Questions arose regarding the involvement of U.S.-based investors such as Mechanism Capital and Shima Capital. However, Shytoshi Kusama, the lead developer, clarified that despite appearances, none of the investors are based in the U.S., although full entity names remain undisclosed.

Kusama refrained from providing specific details regarding the valuation but indicated that the fundraising was conducted in tranches. According to a source familiar with the matter, these tranches occurred at valuations of $75 million, $100 million, and $200 million, respective…

Source ; Coin Edition

#SHİB #ShibaAwakening
$SHIB

🚀🚀Surge in Meme Coin Market: Analyzing the Rise of Shiba and BONK Coins 🚀🚀

Recently, the cryptocurrency market has witnessed a notable rise in the value of meme coins, with Shiba and BONK coins experiencing significant gains. This surge is partly attributed to the broader recovery in major cryptocurrencies, such as Bitcoin, which has indirectly boosted investor interest in altcoins. Specifically, meme coins like DOGE and SHIB have seen their values increase, with some recording double-digit gains.

Shiba Coin’s Current Market Trajectory💥

Shiba Coin has demonstrated a robust performance by climbing over 14% in its recent trading sessions, positioning itself as one of the top-performing meme coins. This uptick is riding on the back of a buoyant market sentiment, where Bitcoin’s stabilization above $64,000 has played a crucial role. Shiba Coin has successfully held its ground, with its price significantly higher than where it was nearly one and a half months ago. The coin shows potential for further gains if it breaches new resistance levels.

BONK Coin’s Market Performance and Prospects 💥

Similarly, BONK Coin has rebounded well after a period of losses, underpinned by the recovery in the broader altcoin market, including SOL Coin. The coin’s price has maintained strong support levels and is poised to target higher price points if it continues to close above certain thresholds. BONK has outperformed other top 100 cryptocurrencies in terms of daily percentage gains, signaling a powerful comeback and possibly the beginning of a new all-time high journey.

#MemeCoinsToTheMoon #Memecoins🤑🤑

$BONK $SHIB

Dogecoin’s Market Rally on Its Special Celebration Day

The cryptocurrency community witnessed a significant event as Dogecoin‘s dedicated celebration, Dogecoin Day, coincided with Bitcoin‘s halving event. This alignment brought double the usual excitement and attention to the crypto market.

On #DOGE Day, enthusiasts engage in various activities aimed at boosting the cryptocurrency’s value and visibility through widespread social media campaigns.Dogecoin Day’s Impact on Market Dynamics

#Dogecoin , known for its origin from a popular internet meme, has built a robust community of followers since its introduction in 2013. The community’s efforts intensified on Dogecoin Day, which coincided with the significant event of Bitcoin halving. This doubled the festive spirit and market activity. During a 12-hour trading window, Dogecoin demonstrated strong market performance, maintaining its upward trajectory above key technical indicators like the 200-day Simple Moving Average (SMA).
Technical Analysis: Breakpoints and Growth Potential
With positive indicators such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) pointing upwards, Dogecoin faced resistance at $0.1718 level near the 100-day SMA. If it surpasses this, the next significant resistance is at the $0.1830 mark near the 50-day SMA. Overcoming these could push Dogecoin towards the $0.20 mark, a potential 33% increase from its current position.

Considered Points
If Dogecoin breaks the $0.20 resistance level, it could invalidate the current rising wedge formation, indicating a strong bullish trend.

Amidst these technical scenarios, Dogecoin remains a top contender in the cryptocurrency space, illustrating how community-led events and technical analytics interplay to influence market movements. As the Dogecoin community celebrates, all eyes are on these potential price movements and the outcomes of this unique convergence with Bitcoin’s halving.

#DogecoinDay

$DOGE $SHIB

Bitcoin halving 2024 — Done so What to expect for btc price?🕵️

The system will continue until roughly 2140 when all Bitcoin is mined. 👀
The landmark occasion sees a reduction in Bitcoin miner rewards, dropping from 6.25 BTC per mined block to 3.125 BTC.

Bitcoin  has successfully gone through its fourth-ever halving event after posting its 840,000th block, the point at which mining rewards are slashed in half once again.

The event has the crypto community eagerly awaiting what’s next for Bitcoin’s price, with some predictions reaching as high as $250,000.

At the time of publication, Bitcoin’s price is $63,960, up 1.16% over the past 24 hours, as per CoinMarketCap data.
From today onwards, Bitcoin miners will receive 3.125 BTC per mined block, down from the previous 6.25 BTC.
It is a programmed process in the Bitcoin protocol that happens every 210,000 blocks mined, which equates to roughly every four years.

The last three halvings occurred in 2012, 2016 and 2020, leading to significant drops in mining rewards over time. The first Bitcoin halving occurred in 2012 when the reward for mining a block was reduced from 50 to 25 BTC.

The main purpose behind the Bitcoin halving is to manage scarcity and regulate the inflationary supply of Bitcoin. The mechanism was built into the code by Bitcoin’s pseudonymous founder operating under the name Satoshi Nakamoto.
By cutting mining rewards in half, this process effectively slows down the rate at which new Bitcoin is created.

#bitcoinhalving #btchalvingcarnival

$BTC

🚨BREAKING🚨

ANOTHER $1 BILLION USDT JUST GOT MINTED TODAY AT TETHER TREASURY. PUMP IS COMING🔥🆙🆙🆙🆙

Tether minted $1 billion worth of USDT u know what its means...

In other words, with 1 billion USDT in circulation, the market is buzzing, suggesting an acceleration of growth and an expansion of investment opportunities in the near future.

#TetherUSD #Binance

$BTC $ETH

Good to get a follow up from the @CZ 👀😍

It's an honor to be followed by the boss... Saying CZ in crypto means a lot to me also its same for ırl too cause u know. We learned a lot from him to be honest.

I still sometimes remember his words on spaces... I also sometimes spend time reading old posts he published on x.Today has been a very enjoyable day for me... Thank you Hero

Have altcoins hit the bottom? Bitcoin price bounces 5% from $59.7K low 👀🚀

Bitcoin is attempting to reclaim support after dipping below $60,000, while traders dare to dream of an altcoin rebound.

Bitcoin tapped $63,000 before the April 18 Wall Street open as modest BTC price strength boosted the mood of traders.

Analysis: BTC price lows may be "tricking” investors...

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching $63,095 on Bitstamp, up 5.5% versus the prior day’s lows.
At $59,700, these represented Bitcoin’s lowest levels since early March.
While various forecasts saw the need to clear liquidity at $57,000 and even far lower going forward, some saw reason for mild optimism.
Among them was popular trader and analyst Rekt Capital, who reiterated that BTC/USD was in a “re-accumulation range” with price behavior to match.
“One of the key things to note about Bitcoin’s Re-Accumulation Ranges throughout this cycle is this: Downside wicks below the Range Lows tend to occur to trick investors into a fake-breakdown (black circles) before resuming into an uptrend,” he wrote alongside a chart on X.

Altcoins battle brutal downtrend...

Continuing, Michaël van de Poppe, founder and CEO of trading firm MNTrading, predicted that sideways BTC price moves would continue even after the upcoming block subsidy halving.
Related: Bitcoin dominance hits 3-year high as BTC price dip pressures altcoins
Altcoins bore the brunt of the latest crypto market correction and could now have seen the worst of their shake-out.
“The period of boredom for Bitcoin, which is eager to consolidate here,” he explained.

“Overall, I’m expecting this won’t change for the coming months, but I think we’re at the altcoin bottom.”

Source; Cointelegraph

#Altcoinseason2024 #Dominance

$BTC

Bitcoin halving impact on altcoins... We all eyeing altcoins that have the potential to skyrocket post-halving. 👀💎

Altcoins may react differently to the Bitcoin halving depending on various factors, including tokenomics, value proposition and its overall contribution toward financial freedom.

Bitcoin’s growing dominance over the last 15 years signifies the importance of the mechanisms creator Satoshi Nakamoto devised to overcome the shortcomings of the fiat ecosystem — one of them being halving. 

Nakamoto invented the Bitcoin halving mechanism, which reduces the BTC rewards for mining over time to slow down the issuance of the limited 21 million BTC. The Bitcoin halving in 2024—like the previous three halving events—is set to leave a long-lasting impact on Bitcoin as well as the countless altcoin ecosystems it helped create over the years.

Altcoins will react differently to the Bitcoin halving depending on various factors, including tokenomics, value proposition and its overall contribution toward financial freedom. The Bitcoin Halving 2024 will put five key dimensions of altcoins to the test  — market sentiment, market price, technology stack, blockchain forks and allocation of reserves.

Bitcoin’s stellar price appreciation and retention across 2024 have boosted investors’ confidence. As a result, current market sentiment suggests that many investors are anticipating an altcoin boom.

Speaking to Cointelegraph, the BNB Chain core development team echoed the market sentiment, stating that “The Bitcoin halving is known for triggering shifts in market sentiment within the Web3 ecosystem.”

Sourec; Cointelegraph

#BTCHalvingApril2024

$BTC

Ripple CLO Clears Growing Confusion Surrounding Ripple vs. SEC Lawsuit 🕵️👀

Conflicting reports on #Ripple vs. SEC case fuel confusion.Legal battle’s key moments and upcoming deadlines scrutinized.SEC’s relentless pursuit faces obstacles in Ripple lawsuit.

There’s uncertainty swirling around the ongoing legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) following conflicting reports about a crucial pretrial conference. Crypto influencer Crypto Eri sparked debate by sharing details about a final pretrial meeting slated for April 16, 2024.

However, Stuart Alderoty, Chief Legal Officer at Ripple, swiftly rebutted the claim, asserting its inaccuracy. In December 2020, the SEC launched a lawsuit against Ripple, roping in executives Brad Garlinghouse and Chris Larsen. The accusation? Selling #XRP as an unregistered security, with charges of aiding and abetting these transactions leveled against the executives.

A pivotal moment came in July 2023 when the court ruled that non-institutional sales of XRP didn’t constitute securities offerings. Despite the SEC’s attempt to appeal, the interlocutory appeal was quashed. Late 2023 saw the dismissal of charges against Ripple’s top brass, rendering the planned pretrial conference moot.

Though the conference fizzled, the legal tussle persists. Upcoming milestones loom, notably Ripple’s April 22, 2024 response deadline to the SEC’s penalty request, which seeks nearly $2 billion for alleged securities law violations.

As whispers of a settlement circulate, the SEC’s pursuit of cryptocurrency firms remains unyielding, prompting speculation of further appeals. However, the regulator’s pursuit of the $2 billion penalty faces hurdles, with the court’s stance in the Govil lawsuit challenging its ability to demand such hefty fines without proof of investor losses.

Source ; Crypto News Land 
#xrp

$XRP

Hackers Drain Millions From Grand Base Following Private Key Compromise !!😱😱

Grand Base, a platform for assets tokenization on Coinbase’s layer-2 blockchain, has disclosed a loss of $ 1.7 million due to a private key compromise. 

The occurrence resulted in a financial loss and a decline in the value of its token by 99% in a single day.

Details of the Grand Base attack
The official social media channel of the Grand Base via their Telegram channel was updated that the breach occurred in the early hours of April 15. 

The admin posted a statement on the platform warning everyone to avoid interfacing with the hacked contract, demanding its total withdrawal from the affected platform after the security loophole was detected.

PeckShield, a blockchain analysis firm, was the first one to alert that the problem occurred once the private key had been cracked and helped the hacker to be able to access the trade of the liquidity pools of Grand Base. 

Attackers were able to debit the platform of around $1.7 million worth of token and within 30 minutes they had converted it to about 527 Ethereum (ETH) and transferred it to the unknown wallet.

As a result of the attack, the fluctuations of Grand Base’s native coin become steep, close to destroying the market value, and it is the representation of how investors lack confidence. 
Besides, CertiK, an analysis company, has highlighted the scope of attackers in their detailed follow-up. 

To exert control over the deployer contracts used by Grand Base is one of the scopes they discovered. 
They tricked the central bank’s system and gave out an enormous amount of GB tokens without a mandate and further distributed these tokens, inflating the situation.

$BTC $ETH

👉Bitcoin About to Celebrate Its 4th Halving this Week: This Time Be Ready to Withness a Diverse Trend! Read this to better understand Halvi..👀👀

After 2020, Bitcoin is all set to face the 4th halving, wherein the rewards will be halved from 12.5 BTC to 6.25 BTC. While the broader market sentiments are bullish, considering the impact in previous times, they also need to be aware of a notable change in the market dynamics during the current halving. Therefore, it may not be necessary for the BTC price to repeat the previous pattern, as a fresh one may be in the making. 

It is quite true that the BTC price has faced a notable pullback just before each halving, which makes traders and analysts confident of the rally that might follow. However, the market dynamics have evolved a little after the previous Bitcoin halving, which suggests, that the BTC price action is preparing for a major price action while the direction remains unclear. 

Below are some of the factors which have slightly changed the ‘Halving-perspective’

Bitcoin supply is limited to 21 million, after which the new issuance will be completely stopped. Out of these, 7.8 million BTC have been lost, & 13.3 million BTC have been dormant for over a year. Hence, the impact of it may also be halved. 

Secondly, the miners’ outflows were recorded within a visible range of 1000 to 3000 BTC until the 2022 bear market kicked in. The constant drop in the BTC price compelled the miners to let out BTC from their reserves, which raised the outflows to over 16,000 BTC in November 2022. Interestingly, with the bulls gaining back control, miners began to liquidate their reserves. As a result, the outflow has reached highs above 61,000 BTC in 2024. 

Although they have decreased, it is not enough to stabilise the prices before the halving, which may trigger a healthy upswing soon after the event. A reduction in the rewards may also raise concerns about higher outflows, which may not be in the favour of the markets. 

Source ; CoinPedia News

#BTCHalvingApril2024

$BTC

Global Cryptocurrency Declines as Iran-Israel Tensions Escalate
🤯🤯

The #cryptocurrency market is undergoing significant declines amid escalating tensions between Iran and Israel. Major cryptocurrencies like Bitcoin and Ethereum have notably dropped, with Bitcoin falling below the $62,000 mark and Ethereum nearing the $3,000 threshold. This downturn reflects the broader impact of geopolitical instability on digital currency markets.

#Bitcoin Battles Market Bearishness

Bitcoin, the leading cryptocurrency, has seen a 3.75% decline in its value, now trading at $62,619. Despite the decrease, its trading volume has surged by 6.25% to $45 billion. Market analysts project that Bitcoin’s price might continue to fall, potentially reaching levels between $60,000 and $58,000, depending on the ongoing geopolitical tensions.

Performance of Ethereum and Other Altcoins

Ethereum, another significant player in the market, has decreased by 3.26% and is trading just slightly above $3,000. Other altcoins are also facing downturns; for instance, Binance’s BNB has decreased by 4.69% to $538.63, while #Solana⁩ and #XRP  have seen reductions in both price and trading volumes. The meme coin sector, including popular tokens like Dogecoin and Shiba Inu, has similarly experienced declines.

Considered Points

🕵️The ongoing geopolitical tensions are directly influencing market prices and investor sentiment.
🕵️Bitcoin might see further declines if the situation between Iran and Israel escalates further.
🕵️Traders should monitor the situation closely, as rebounds could occur if tensions ease.

source ; BH NEWS

What ur thoughts about currently situation (ww...) ? drop a comment about it

$XRP $ETH $BTC

🕵️Crypto Market Trends and Vitalik Buterin’s Latest Move🕵️

Crypto currencies continue their fluctuating trend, and altcoins have not significantly recovered from yesterday’s values. Following the opening of the US markets, BTC fell again, returning to its pre-rise level of the day’s first hour. So, what did Vitalik Buterin do to fire up the rockets of a lesser-known altcoin in this environment?

Privacy Altcoins and Crypto Mixers 👀

Privacy-focused cryptocurrencies are often accused by governments of serving only criminals. It’s undeniable that crypto mixers and privacy tokens are frequently used by criminals, but this is not the case for the general user base. People may want to maintain their privacy without being criminals.

For instance, recent legal steps regarding website cookies allow people to choose not to leave traces on websites if they wish. Or, due to personal data protection issues, unauthorized distribution of information like mobile phone details is being prevented from being used for marketing purposes, among others. Then why are people who want to hide their movements on public blockchains considered involved in crime?

A politician or journalist trying to survive under oppressive regimes might want to hide their financial movements. Or, every year, many people are robbed or kidnapped for their crypto currencies, and to avoid the same fate, investors might use mixers to hide their assets. There are dozens of legitimate reasons for this usage. Vitalik Buterin generally touched on this topic.

#Vitalik #Binance #BinanceLaunchPool🔥

$ETH

When I tell you that these dips are opportunities for load bag, there are people in the comments who oppose it. 😕😡

You weren't here during the 2017 - 2021 bull season and you don't have much experience ?? , Then what should you do? İts petty simple... just listen the BOSS @CZ .

As his biggest fan, I mark his every word. I recommend this to you too. HOLD is not easy on these dump ı know but if u dont hold in dump then u dont deserve pump...

🚀🚀Hong Kong approves first Bitcoin and Ether ETFs 💥💥

Hong Kong is inching closer to introducing spot exchange-traded funds (ETF) for Bitcoin (BTC) and Ether (ETH), with local regulators issuing approvals to at least three local issuers.

The Hong Kong Securities and Futures Commission (SFC) conditionally approved its first spot BTC and ETH ETFs on April 15, Reuters reported.

At least three offshore Chinese asset managers, including Hong Kong units of Harvest Fund Management, Bosera Asset Management and China Asset Management, will launch their spot Bitcoin and Ether ETFs soon.

According to the report, Hong Kong’s Harvest and Bosera received conditional approvals from the SFC, allowing them to launch the ETFs.

On the other hand, the Hong Kong unit of China Asset Management, or ChinaAMC, said it received regulatory approval to provide virtual asset management services and was developing spot ETFs of BTC and ETH.

Hong Kong’s securities regulator issues a conditional authorization letter to an ETF application if it generally satisfies its requirements, subject to various conditions, including fee payments, filing of documents and the Hong Kong Stock Exchange’s (HKEX) listing approval.

Issued in partnership with Hong Kong-based HashKey Capital, Bosera’s Bitcoin and Ether ETFs will be launched as in-kind ETFs, meaning that new ETF shares can be issued using BTC and ETH.

#etf

$ETH $BTC $ARPA

Crypto prices rebound from selloff as Bitcoin dominance hits three-year high 😕👀

Bitcoin's dominance over all other cryptocurrencies has hit its highest value in three years following crypto's mild recovery from yesterday's sharp selloff, which was sparked by the news of an impending Iranian attack against Israel. 

Following the recovery, according to The Block's data dashboard, Bitcoin now commands nearly 53% of the crypto market, the most since early April 2021 and more than every other cryptocurrency combined. 

Surveying the one-day performance of the top 20 cryptocurrencies by market cap shows that Bitcoin had one of the strongest recoveries from yesterday's selloff, corresponding to its increase in dominance, though it still lost value like nearly other token in the top 20. 

#BTCdominance
#BTCHalvingApril2024
$BTC

OVER HALF A BILLION SHIBA INU TOKENS BURNED TO COMBAT MARKET DOWNTURN 💥🤑

Shiba Inu, has set a new record by achieving a 64,201% spike in its token burn capital, making it an even bigger player. The previous day witnessed eight large-scale transactions totalling at 657 million SHIB tokens being burned, which has led to an entire decrease in supply. With this swap completed, the account was able to permanently eliminate about $13,878 worth of SHIB, 

Shiba inu burn to enhance market value
By now the withdrawal of such a big part of tokens is happening at a time when the digital currency market in general, is faced with some difficulties, resulting in many losses as indicated on the Shibburn X social media talk abouts.

The #SHIB burning token is deemed to be the effective strategy of compensating the digital currency business as the community of Shiba Inu promised to control the market movements of the crypto tokens.
Now supply management is a burning subject for the SHIB cryptocurrency community as well as this decision to torch a large amount SHIB tokens demonstrates that this issue is actively being worked upon by burners. 

#ShibaInu was brought into being with a quadrillion amount of tokens. From this point onward, community-organized burn activities have been increasingly implemented and subsequently reduced the members’ holdings of the tokens. 
The latest burnout, notable for 650 million tokens transferred in a single transaction, is a component of the broader policy aiming placing scarcity premium on the token as well as its possible value for holders.

Heeding only 0.02% of the total reserves Shiba takes off 0.04% of circulating supply. The move may have huge implications for the way investors think about Shiba Inu. 

#BTCHalvingApril2024 #ShibaBurns

$SHIB $BTC $LEVER