๐ฃ๐ฃ Attention BTC enthusiasts! Despite Shiba Inu (SHIB) showing a rather dull performance this month with a drop of over 11% from its March highs, whales are still betting big on this meme coin! ๐๐ฐ
Data from IntoTheBlock reveals that these crypto giants have been gobbling up SHIB tokens like there's no tomorrow, accumulating a staggering 30 trillion SHIB tokens in May alone. ๐๐
Despite the price of SHIB currently hovering around $0.000024, down from its March high of $0.0000457, these whales seem to be playing the long game, betting on SHIB's potential for a future uptrend. ๐๐ช
In other SHIB news, Coinbase has announced it will be launching perpetual futures contracts for SHIB, and has also added support for other popular meme coins. This has led to a 43% increase in SHIB's trading volume in the past 24 hours. ๐๐ฅ
Moreover, SHIB's burn rate skyrocketed by 579% on May 19th, reducing the meme coin's market supply by 12.70 million SHIB tokens and potentially increasing its demand. ๐๐
So, while SHIB may be down, it's certainly not out. Stay tuned for more updates! ๐ฐ๐