"𝗙𝗿𝗼𝗺 𝗦𝗵𝗶𝗯𝗮𝗿𝗶𝘂𝗺 𝘁𝗼 𝗩𝗶𝗿𝘁𝘂𝗮𝗹 𝗥𝗲𝗮𝗹𝗺𝘀: 𝗘𝘅𝗽𝗹𝗼𝗿𝗶𝗻𝗴 𝗦𝗛𝗜𝗕'𝘀 𝗝𝗼𝘂𝗿𝗻𝗲𝘆 𝗕𝗲𝘆𝗼𝗻𝗱 𝗖𝗿𝘆𝗽𝘁𝗼𝗰𝘂𝗿𝗿𝗲𝗻𝗰𝘆"

As of late May 2024, the Shiba Inu (SHIB) cryptocurrency is valued at approximately $0.00002705. Market forecasts suggest a potential increase in value to a range between $0.0000364 and $0.0000941 in the near future. Notable advancements include ongoing efforts to enhance transaction efficiency through the Shibarium project, alongside the introduction of SHIB: The Metaverse, enabling users to purchase and develop virtual real estate.
Market dynamics are influenced by significant token burns and large-scale transactions by influential holders.
Nevertheless, despite market fluctuations, the SHIB ecosystem demonstrates continuous expansion.

#ShibaInu:
#shiba⚡
#marketactivity
#EcosystemSupport
#ecosystemgrowth

#MOVE #Token Reaches $1.6 Billion Market Cap After #Airdrop Launch on Binance

In Brief

MOVE token launched with a $1.6 billion market cap after its Binance listing and airdrop.
The token recorded $450 million in trading volume within the first 90 minutes of launch.
Movement Labs raised $38 million in Series A funding earlier this year, led by Polychain Capital.

Movement Network, a blockchain platform built on Ethereum’s layer-2 using the MoveVM, launched its native token, MOVE, on Monday with a massive airdrop.

The airdrop distributed one billion MOVE tokens to early adopters and community members.

MOVE Airdrop Triggers 60% Rally for the Token

The token debuted on Binance’s airdrops portal and also secured listings on South Korean exchanges Upbit and Bithumb.

Within six hours of its launch, MOVE currently trades at 74 cents, reaching a market capitalization of $1.6 billion. Trading activity surged, with nearly $450 million in volume recorded in the first 90 minutes.

“Someone farmed 36 wallets for Movement network and got 90,000+ MOVE airdrop, currently worth around $66,000,” DeFi influencer Tobi wrote on X (formerly Twitter).
Movement Labs, the team behind the network, raised $38 million in a Series A funding round. This was led by Polychain Capital in April.

Most notably, the network uses the Move programming language, originally developed by Facebook. The language also powers other blockchain projects like Sui and Aptos.

The total supply of MOVE is capped at 10 billion tokens. Of this, 10% was allocated to early users and the community, while 22.5% was reserved for investors. Another 10% is designated for the network’s foundation.

Airdrops Continue to Drive #Crypto #MarketActivity
Airdrops have been a major trend in this year’s crypto market. Earlier this year, TON’s tap-to-earn games on Telegram, such as Hamster Kombat, fueled interest with promises of substantial rewards.

Other projects have followed suit. Layer-1 network Hyperliquid’s token, HYPE, saw a 60% price jump after a major airdrop earlier this month.