🫨🦈🦈 Exciting Updates on Shiba Inu (SHIB)! 🚀🔥

Shiba Inu whales are making big moves, pulling a whopping 705 billion SHIB tokens—worth over $705 million—from exchanges. This bullish move reduces selling pressure and suggests that whales anticipate a price recovery soon. 📈💼

While SHIB has seen a 4% daily increase and a 2.8% weekly uptick, it remains down by 8.4% over the past 14 days and has hovered around a 15% decrease for the month. 📉💥

But hold on tight! According to CoinCodex and Changelly, SHIB could be in for a rally, with predictions indicating a potential surge to $0.00005853 and $0.00006159 respectively by May 31st and May 30th, 2024. 🚀💰

In the midst of these exciting developments, SHIB's burning rate has skyrocketed to over 5800%, resulting in over 26 million SHIB tokens being burned in just 24 hours. 🔥💨

While SHIB burns have historically not caused significant price movements due to its massive circulating supply of 589 trillion tokens, the SHIB team is working on a new burning mechanism rumored to incinerate trillions of tokens annually. If successful, this could lead to a substantial price increase. 🌟💼

Stay tuned for more updates, as the SHIB team has yet to announce the official launch date of the new burning mechanism. 🔥🗓️

#ShibaInu #WhaleMoves #CryptoNews #Binance 🌐📈