LIVE๐ฅ๐ **Exciting News for Shiba Inu (SHIB) Investors!** ๐ฅ๐
In the last 24 hours, Shiba Inu (SHIB) has experienced a remarkable surge in token burns, with a whopping 921.31% increase, resulting in the destruction of around 45.16 million tokens. This surge in burning signifies a growing confidence among investors and a concerted effort to reduce SHIB's circulating supply, potentially boosting its value.
However, despite this impressive burn rate, SHIB's price has recently dipped, attributed to a slowdown in buying from both retail and institutional investors. The Chaikin Money Flow (CMF) for SHIB remains negative, indicating low demand. Additionally, approximately 21% of SHIB holders are currently profiting from their investments, suggesting a potential sell-off and further price decline.
But hold on! There's light at the end of the tunnel. ๐ SHIB's Shibarium Layer-2 network is scheduled for an upgrade on May 2, which could potentially stabilize its price. Despite the market's uncertainty, with many investors adopting a cautious approach, this upgrade presents an exciting opportunity for SHIB holders to capitalize on the future potential of the token.
Don't miss out on this crucial update! Stay tuned for more exciting developments and join the SHIB community as we navigate through this dynamic market together. ๐๐
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