Shiba Inu (SHIB) has been going through a period of significant consolidation lately. Large investor (whale) activity in SHIB decreased by 60%, but Shibarium's performance remained lower than expected. Despite this, the SHIB burn rate has increased by more than 500%, with more than 10 million tokens sent to the burn address recently. At a time when other major coins, such as Dogecoin (DOGE), have experienced an increase in their prices, Shiba Inu (SHIB) has also increased slightly and is currently trading at around $0.00001787, according to CoinGecko. However, a significant drop in several key metrics has been observed on SHIB in the last 24 hours.
Daily SHIB transaction volume, each exceeding $100,000, fell 60% from figures recorded on July 21 to approximately $10 million. Additionally, the active accounts of Shibarium, a layer-2 blockchain solution aimed at improving the Shiba Inu ecosystem, have now dropped from 667 at the end of July to just 107, with daily transactions down almost 85%. Since its launch in August last year, Shibarium has been designed to reduce transaction costs, increase scalability and improve transaction speed.
Despite the overall negative trends, the SHIB burn rate increased significantly, rising by more than 500%, leading to the destruction of more than 10 million SHIB tokens in a short period of time. These burned tokens may seem small in terms of USD value, but reducing the supply could positively impact the value of SHIB in the long run. The SHIB burn mechanism aims to create scarcity by reducing the large supply of the meme coin. This could lead to an increase in SHIB prices if demand remains stable or increases. Currently, more than 41% of SHIB's total supply has been burned, reducing the circulating supply to approximately 583 trillion tokens.
PLEASE READ CAREFULLY FOR A GIFT OF 10 DOLLARS.
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Now I will tell you how to receive your gift. First of all, Binance users who have registered with someone's reference and actively use futures transactions will unfortunately not be able to benefit from this promotion.
So who will benefit?
Our friends who have not activated the futures section yet, while activating your FUTURES trading section, you will earn 10 dollars when you open it by entering my reference code 88623008.
I EXPLAIN IN DETAIL.
My brothers and sisters who have become a Binance member without reference, please listen carefully;
When you do what I say, you will receive 10 USDT.
Enter the Futures Section from your application,
On the next screen, open your account by entering the code 88623008 in the REFERENCE CODE section,
My brothers and sisters who want to complete this transaction and receive the 10 USDT reward by MAY 1 can do so. After activating your account, all you have to do is open your first futures transaction.
The first 1,000 brothers to open a 200 USDT transaction by MAY 1 will receive a 10 USDT reward.
So let me give you a tactic like this: Even if you open and close 20x with a $5 transaction, you will be entitled to the reward.
However, even if you do this after May 1, your reward will not come. So get it done by May 1st. In fact, right now I say you can fix it in 5 seconds.
Very simple. Go to Futures, enter my reference code 88623008 and activate the account. Afterwards, just open a total of 200 USDT transactions and get 10 USDT reward.
WHEN WILL THE AWARD COME?
Your 10 dollar reward will arrive in the REWARDS section of your Binance application within 30 days, starting from May 1st. By activating it from there, you can use your reward of 10 dollars, or more than 300 liras, in futures transactions.
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BY THE WAY, MY BROTHERS, PLEASE DON'T MISS YOUR LIKES. EVERY SHARE IS FOR YOU. SO DON'T WITHHOLD YOUR SUPPORT. DON'T FORGET TO FOLLOW IF YOU HAVE NOT FOLLOWED YET. KIND REGARDS.
