$SHIB : Shiba Inu Community Burns 1.69 Bln Coins In April, What’s Next?
The Shiba Inu crypto community registered the incineration of a staggering 1.69 billion coins over the past month. SHIB price contrastingly slipped.
Shiba Inu, a meme coin that has been the talk of the crypto town lately, has piqued substantial interest among crypto market participants as its community recorded 1.69 billion coins burnt over the past month. This colossal amount of the dog-themed meme coin destructed birthed contrasting sentiments among investors as SHIB illustrated a waning price trajectory in April.
Crypto market participants speculate over the meme coin’s potential price action ahead, as the colossal amount of coins incinerated underscores a positive sentiment despite the meme coin’s bearish movement. The broader crypto market faced heightened turbulency post-BTC halving, amidst which SHIB, too, bore the brunt, falling bearishly in recent days.
