๐ซจ๐ฆ๐ฆ Exciting Updates on Shiba Inu (SHIB)! ๐๐ฅ
Shiba Inu whales are making big moves, pulling a whopping 705 billion SHIB tokensโworth over $705 millionโfrom exchanges. This bullish move reduces selling pressure and suggests that whales anticipate a price recovery soon. ๐๐ผ
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. ๐๐ฅ
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. ๐๐ฐ
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. ๐ฅ๐จ
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. ๐๐ผ
Stay tuned for more updates, as the SHIB team has yet to announce the official launch date of the new burning mechanism. ๐ฅ๐๏ธ
#ShibaInu #WhaleMoves #CryptoNews #Binance ๐๐