#AI与GameFi市场表现
SHIB whale exerts its strength, and the burn rate soars by 5545%! Is it going to explode?
According to Shibburn data, the SHIB burn rate soared by 5545.73% in 24 hours, and 61.46 million tokens were permanently destroyed. The destruction mechanism is designed to reduce the supply and increase scarcity.
After the destruction, the total supply of SHIB is about 589.26 trillion, and the market activity remains. The current price is $0.00002526, up 1.89% in 24 hours and 4.80% in a week. The price fluctuates between $0.00002453 and $0.00002639.
Despite the destruction, SHIB did not break through and fell back to the current range. The direct impact of destruction is limited, and the long-term impact depends on the continued destruction.
SHIB may break through the weekly Ichimoku Cloud, indicating a big rise. It needs to overcome the $0.000031 resistance, or move towards the $0.000037 area, or even hit the $0.000045 annual high.
Binance adds SHIB trading options, such as spot grid trading and DCA, to make SHIB more active. Favorable market conditions, combined with the destruction mechanism, may support price increases.
In the past 3 days, 5.45 trillion SHIBs were withdrawn from exchanges, worth $162 million, indicating long-term holding intentions. Short-term holders did not sell and mostly held assets. Maintaining positions is important for the value of the token.
The surge in burn rate and the increase in trading options paint an optimistic picture for SHIB's prospects.
SHIB price formed a bull flag, and the upward trend may continue. If buying increases, it may rise to $0.000030; if more tokens enter the exchange, it may fall to $0.000020.
The SHIB community saw a sharp surge in the burn rate, up 23265.28% in 24 hours, which triggered heated discussions and the price may rise.
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