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Shiba Inu Burn Rate Soars As Mega-Whales Move Trillions
SHIB burn rate surged 48,083.50% in 24 hours, with 235 million SHIB burned.
Community and developers torched 36 billion SHIB across November and December.
Whales moved trillions of SHIB, including a $45 million transfer, signaling increased whale interest in Shiba Inu.
Shiba Inu (SHIB) has seen an extraordinary surge in its burn rate, marking a remarkable 48,083.50% increase within a mere 24-hour window.Â
This astounding spike in burning activity resulted in the incineration of 235,603,488 SHIB tokens. It is primarily attributed to a substantial single transaction funneling 220,729,973 SHIB into an unspendable wallet.Â
Both the Shiba Inu community and its developer team have fervently contributed to this incineration spree, deliberately eliminating substantial quantities of SHIB coins. This concerted effort has led to the torching of over 36 billion SHIB throughout December and the final week of November, indicating a collective drive to bolster the tokenâs value through controlled supply.
Concurrently, the landscape has witnessed monumental movements orchestrated by cryptocurrency whales. Notably, a series of massive SHIB transfers, with one transaction accounting for a staggering 4,253,619,279,051 SHIB, valued at $44,909,712 during its transfer.Â
4,253,619,279,051 #SHIB (44,909,712 USD) transferred from unknown wallet to unknown wallethttps://t.co/BBTttRFHNO
â Whale Alert (@whale_alert) December 29, 2023
Another notable instance involved a whale receiving a substantial 417.138 billion SHIB, equivalent to $4.43 million in fiat. This showcases an evident upsurge in interest from these influential market players toward Shiba Inu.
This convergence of intensified burning initiatives within the community and the significant engagements by whales signals a profound shift within the Shiba Inu ecosystem. The collective effort to reduce circulating supply and the increased involvement of whales in massive transactions hint at a transformative phase for SHIB.
Read also:
Shiba Inuâs Surging Burn Rate: Is It the Right Time to Buy SHIB?
What Does Over 60% Burn Rate Surge Indicate for SHIBâs Future?
Shiba Inu Burn Rate Soars Ahead of Shibarium Launch, ATH Soon?
Shibarium Gas Fees Soar as Shiba Inu Burn Rate Rockets Close to 200M
Shiba Inuâs Burn Rate Skyrockets 44,000%: Price Reacts
The post Shiba Inu Burn Rate Soars as Mega-Whales Move Trillions appeared first on Crypto News Land.
Community and developers torched 36 billion SHIB across November and December.
Whales moved trillions of SHIB, including a $45 million transfer, signaling increased whale interest in Shiba Inu.
Shiba Inu (SHIB) has seen an extraordinary surge in its burn rate, marking a remarkable 48,083.50% increase within a mere 24-hour window.Â
This astounding spike in burning activity resulted in the incineration of 235,603,488 SHIB tokens. It is primarily attributed to a substantial single transaction funneling 220,729,973 SHIB into an unspendable wallet.Â
Both the Shiba Inu community and its developer team have fervently contributed to this incineration spree, deliberately eliminating substantial quantities of SHIB coins. This concerted effort has led to the torching of over 36 billion SHIB throughout December and the final week of November, indicating a collective drive to bolster the tokenâs value through controlled supply.
Concurrently, the landscape has witnessed monumental movements orchestrated by cryptocurrency whales. Notably, a series of massive SHIB transfers, with one transaction accounting for a staggering 4,253,619,279,051 SHIB, valued at $44,909,712 during its transfer.Â
4,253,619,279,051 #SHIB (44,909,712 USD) transferred from unknown wallet to unknown wallethttps://t.co/BBTttRFHNO
â Whale Alert (@whale_alert) December 29, 2023
Another notable instance involved a whale receiving a substantial 417.138 billion SHIB, equivalent to $4.43 million in fiat. This showcases an evident upsurge in interest from these influential market players toward Shiba Inu.
This convergence of intensified burning initiatives within the community and the significant engagements by whales signals a profound shift within the Shiba Inu ecosystem. The collective effort to reduce circulating supply and the increased involvement of whales in massive transactions hint at a transformative phase for SHIB.
Read also:
Shiba Inuâs Surging Burn Rate: Is It the Right Time to Buy SHIB?
What Does Over 60% Burn Rate Surge Indicate for SHIBâs Future?
Shiba Inu Burn Rate Soars Ahead of Shibarium Launch, ATH Soon?
Shibarium Gas Fees Soar as Shiba Inu Burn Rate Rockets Close to 200M
Shiba Inuâs Burn Rate Skyrockets 44,000%: Price Reacts
The post Shiba Inu Burn Rate Soars as Mega-Whales Move Trillions appeared first on Crypto News Land.
#MyFirstFeedPost Hello, Binance Square!
#ShibaBurns #SHIBđ„
When will the prices fall when always rise an exciting topic!
I'm curious when we'll reach the $0.01
At least I believe that we can burn many tokensđ„đ„đ„đ„đ„đ„đ„đ„đ„đ„đ„đ„đ„đ„đ„đ„
I have my largest share of tokens in Shiba Inu now and I am in favour of the year 2024! Let's grow!
All Shiba fans leave a like there đđ
#ShibaBurns #SHIBđ„
When will the prices fall when always rise an exciting topic!
I'm curious when we'll reach the $0.01
At least I believe that we can burn many tokensđ„đ„đ„đ„đ„đ„đ„đ„đ„đ„đ„đ„đ„đ„đ„đ„
I have my largest share of tokens in Shiba Inu now and I am in favour of the year 2024! Let's grow!
All Shiba fans leave a like there đđ
Shiba Inu: Shibarium Burn Mechanism To Be Fully Functional From January 2024 Onwards đ¶đ„
The much-awaited burn mechanism will be fully functional from January 2024 onwards. Shibarium collects fees from users to initiate transactions on the network and the amount will be utilized to burn SHIB. 70% of the base fees will be allocated to remove Shiba Inu tokens from circulation and the rest 30% will be used to maintain the network.
The network will initiate burns after it collects a total of $25,000 in total fees from users. Once, the bracket of $25,000 is achieved, the first burn process will go live. However, the number of tokens that will be sent to the dead wallet remains unknown. More details about it will be provided by the team in January next month.
In conclusion, a large number of burns will help SHIB to sustainably scale up in price over the years. The main target for investors is to reach the $0.01 milestone. However, whether burns can help make SHIB reach the target or not, only time will tell.#ShibaBurns #ShibaInvestment đ„ $
The much-awaited burn mechanism will be fully functional from January 2024 onwards. Shibarium collects fees from users to initiate transactions on the network and the amount will be utilized to burn SHIB. 70% of the base fees will be allocated to remove Shiba Inu tokens from circulation and the rest 30% will be used to maintain the network.
The network will initiate burns after it collects a total of $25,000 in total fees from users. Once, the bracket of $25,000 is achieved, the first burn process will go live. However, the number of tokens that will be sent to the dead wallet remains unknown. More details about it will be provided by the team in January next month.
In conclusion, a large number of burns will help SHIB to sustainably scale up in price over the years. The main target for investors is to reach the $0.01 milestone. However, whether burns can help make SHIB reach the target or not, only time will tell.#ShibaBurns #ShibaInvestment đ„ $
đ„ Shiba Inu Burn Rate Soars Over 2,700% Amid Market Slowdown
Shiba Inuâs price action experiences consolidation, but the Shiba Inu community ignites a surge in SHIB burn activities, witnessing an unprecedented 2,700% increase in the burn rate within the past 24 hours. This surge implies that SHIB holders are actively dispatching significant amounts of the meme coin to unrecoverable wallets, strategically diminishing the total supply to influence price dynamics.
đ SHIB Burn Surge Amid Market Dynamics
SHIB tokens, typically burned intermittently, witness a substantial uptick as community members intensify their burn activities. Investors can contribute to the burn by sending tokens to any of the three SHIB burn addresses.
đ„ Record-breaking Burn Transactions
As per the official SHIB burn tracker, Shibbburn, the Shiba Inu burn wallets experience a surge in burn transactions, with the highest recorded burn of 13,140,241 SHIB tokens in a single transaction from the address â0xa034.â Consequently, the SHIB burn rate skyrockets by an astonishing 2,752%, resulting in the incineration of over 14.8 million SHIB tokens. This starkly contrasts with the previous dayâs figures, which amounted to approximately 2.5 million SHIB tokens sent to burn addresses.
đ Shiba Inu Team's Active Participation
The Shiba Inu team plays a proactive role in SHIB burns, torching a total of 33.8 billion tokens across four transactions this month alone. The SHIB community collectively removes 410.69 trillion tokens from the initial SHIB token supply.
đč SHIB's Trading Range and Market Reaction
Despite the intense burn activities, SHIB trades within a narrow price range for the past week, fluctuating between the resistance of $0.000011 and the support of $0.00001067. The current trading price at $0.00001054 reflects a 1.5% decrease over the past seven days.
đ Stay tuned for more updates on the dynamic Shiba Inu ecosystem! Follow The Defidraft for real-time insights.
#ShibaBurns #ShibaInuSurge #SHIBđ„ #cryptocurrency #crypto2024
Shiba Inuâs price action experiences consolidation, but the Shiba Inu community ignites a surge in SHIB burn activities, witnessing an unprecedented 2,700% increase in the burn rate within the past 24 hours. This surge implies that SHIB holders are actively dispatching significant amounts of the meme coin to unrecoverable wallets, strategically diminishing the total supply to influence price dynamics.
đ SHIB Burn Surge Amid Market Dynamics
SHIB tokens, typically burned intermittently, witness a substantial uptick as community members intensify their burn activities. Investors can contribute to the burn by sending tokens to any of the three SHIB burn addresses.
đ„ Record-breaking Burn Transactions
As per the official SHIB burn tracker, Shibbburn, the Shiba Inu burn wallets experience a surge in burn transactions, with the highest recorded burn of 13,140,241 SHIB tokens in a single transaction from the address â0xa034.â Consequently, the SHIB burn rate skyrockets by an astonishing 2,752%, resulting in the incineration of over 14.8 million SHIB tokens. This starkly contrasts with the previous dayâs figures, which amounted to approximately 2.5 million SHIB tokens sent to burn addresses.
đ Shiba Inu Team's Active Participation
The Shiba Inu team plays a proactive role in SHIB burns, torching a total of 33.8 billion tokens across four transactions this month alone. The SHIB community collectively removes 410.69 trillion tokens from the initial SHIB token supply.
đč SHIB's Trading Range and Market Reaction
Despite the intense burn activities, SHIB trades within a narrow price range for the past week, fluctuating between the resistance of $0.000011 and the support of $0.00001067. The current trading price at $0.00001054 reflects a 1.5% decrease over the past seven days.
đ Stay tuned for more updates on the dynamic Shiba Inu ecosystem! Follow The Defidraft for real-time insights.
#ShibaBurns #ShibaInuSurge #SHIBđ„ #cryptocurrency #crypto2024
A large transfer of 7,857 BTC, worth approximately $336,401,989, has been made from an unknown wallet to Coinbase.
#ShibaBurns
#ShibaBurns
New Crypto to Buy Now
Anarchy ($ANA): a new meme cryptocurrency project that promotes decentralization and community building
Pikamoon ($PIkA): an RPG (role-play-game) with a particular focus on exploration, strategy, and combat
Pepe Coin ($PEPE ): 100% decentralized and 0% tax token
Injective (INJ): the only blockchain where developers can find robust out-of-the-box modules such as a completely decentralized order book
Celestia (TIA): a modular data availability network that securely scales with the number of users. #SHIBđ„ #PepeMemecoin #ShibaBurns
Anarchy ($ANA): a new meme cryptocurrency project that promotes decentralization and community building
Pikamoon ($PIkA): an RPG (role-play-game) with a particular focus on exploration, strategy, and combat
Pepe Coin ($PEPE ): 100% decentralized and 0% tax token
Injective (INJ): the only blockchain where developers can find robust out-of-the-box modules such as a completely decentralized order book
Celestia (TIA): a modular data availability network that securely scales with the number of users. #SHIBđ„ #PepeMemecoin #ShibaBurns
High hopes on Shiba #ShibaBurns #ShibaArmy
LIVELearn_With_Fullo
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Shiba Inu: What Happens If 90% of SHIB Tokens Are Burned?
Shiba Inu (SHIB), the canine-themed cryptocurrency, has taken the crypto world by storm. However, SHIB is facing challenges in its ambitious pursuit of reaching the $1 mark. Despite impressive returns of approximately 12975614.3% since its inception in 2020, intricate dynamics may hinder SHIBâs ascent to $1.Unlike significant cryptocurrencies such as Ethereum (ETH) with diverse use cases, SHIB primarily thrives on social sentiment. One major obstacle on SHIBâs path is the concentration of tokens in the hands of a few whales. The vulnerability to a significant sell-off looms large, potentially dealing a severe blow to SHIBâs price and disrupting its $1 aspirations. The sheer magnitude of SHIBâs circulating supply emerges as a formidable barrier. While burns are gradually reducing the supply, the rate is not substantial enough to make a meaningful impact.Can Shiba Inu burn activity help with the price surge?A glimmer of hope resides in the Shiba Inu burn portal initiated in April 2021, which sends SHIB tokens to dead wallets, effectively removing them from circulation. However, the impact on SHIBâs price has been limited.The Shibarium network holds potential, as it is set to participate in burns actively. Proponents suggest that Shibarium could burn trillions of tokens annually, potentially providing the boost needed to elevate SHIBâs price.In a speculative scenario where 90% of SHIBâs supply is burned, leaving 50 trillion tokens in circulation, the path to $1 presents a staggering challenge. Achieving this milestone would necessitate a market cap of $50 trillion, surpassing even the GDP of the United States, which stands at $23 trillion.Realistically, SHIB would need to burn over 99% of its supply, bringing it down to the billions or even millionsâa formidable task that would span decades at current burn rates. Shibarium, however, offers a ray of hope, potentially expediting and streamlining this complex process.As the crypto community watches with anticipation, Shiba Inuâs journey to $1 remains a fascinating narrative shaped by technological advancements, burn mechanisms, and the dynamic interplay of market forces.#SHIBđ„ #ShibaBurns
#ShibaPriceAnalysys #SHIBđ„ #ShibaBurns #BTC đ Shiba Inu Bulls Launch Mission: Target $0.00001 to Erase Extra Zero! đŸđ
đ Shiba Inu started 2024 strong above $0.000010, but bears attacked after Bitcoin ETF rumors on Jan. 3, adding a zero to SHIB's price at $0.000009. Bulls are fiercely battling for the coveted $0.0001 level, aiming to erase a zero and reclaim victory! đšđȘ
đ Despite a 2.15% dip in the last 24 hours to $0.00009567, bulls are resilient in their fight since Jan. 4. Can they sustain SHIB above the daily MA 50 at $0.0000963? đđ
đč Shiba Inu Triggers Trillions in Transaction Volume! đ
đ In the last 24 hours, SHIB saw a whopping 7.33 trillion in transaction volume, with 5.75 trillion attributed to large transactions, signaling whale or institutional activity. đđ
đ Discover the potential reversal: Increased transaction volume during price declines may indicate both panic selling and significant investor interest. đđ
đ Don't Miss the SHIB Battle Unfolding! Stay Updated with Mr Ghost for Exclusive Insights! đ»đ #ShibaInu #CryptoNews #BullsVsBears
đ Shiba Inu started 2024 strong above $0.000010, but bears attacked after Bitcoin ETF rumors on Jan. 3, adding a zero to SHIB's price at $0.000009. Bulls are fiercely battling for the coveted $0.0001 level, aiming to erase a zero and reclaim victory! đšđȘ
đ Despite a 2.15% dip in the last 24 hours to $0.00009567, bulls are resilient in their fight since Jan. 4. Can they sustain SHIB above the daily MA 50 at $0.0000963? đđ
đč Shiba Inu Triggers Trillions in Transaction Volume! đ
đ In the last 24 hours, SHIB saw a whopping 7.33 trillion in transaction volume, with 5.75 trillion attributed to large transactions, signaling whale or institutional activity. đđ
đ Discover the potential reversal: Increased transaction volume during price declines may indicate both panic selling and significant investor interest. đđ
đ Don't Miss the SHIB Battle Unfolding! Stay Updated with Mr Ghost for Exclusive Insights! đ»đ #ShibaInu #CryptoNews #BullsVsBears
LIVELearn_With_Fullo
--
Shiba Inu: What Happens If 90% of SHIB Tokens Are Burned?
Shiba Inu (SHIB), the canine-themed cryptocurrency, has taken the crypto world by storm. However, SHIB is facing challenges in its ambitious pursuit of reaching the $1 mark. Despite impressive returns of approximately 12975614.3% since its inception in 2020, intricate dynamics may hinder SHIBâs ascent to $1.Unlike significant cryptocurrencies such as Ethereum (ETH) with diverse use cases, SHIB primarily thrives on social sentiment. One major obstacle on SHIBâs path is the concentration of tokens in the hands of a few whales. The vulnerability to a significant sell-off looms large, potentially dealing a severe blow to SHIBâs price and disrupting its $1 aspirations. The sheer magnitude of SHIBâs circulating supply emerges as a formidable barrier. While burns are gradually reducing the supply, the rate is not substantial enough to make a meaningful impact.Can Shiba Inu burn activity help with the price surge?A glimmer of hope resides in the Shiba Inu burn portal initiated in April 2021, which sends SHIB tokens to dead wallets, effectively removing them from circulation. However, the impact on SHIBâs price has been limited.The Shibarium network holds potential, as it is set to participate in burns actively. Proponents suggest that Shibarium could burn trillions of tokens annually, potentially providing the boost needed to elevate SHIBâs price.In a speculative scenario where 90% of SHIBâs supply is burned, leaving 50 trillion tokens in circulation, the path to $1 presents a staggering challenge. Achieving this milestone would necessitate a market cap of $50 trillion, surpassing even the GDP of the United States, which stands at $23 trillion.Realistically, SHIB would need to burn over 99% of its supply, bringing it down to the billions or even millionsâa formidable task that would span decades at current burn rates. Shibarium, however, offers a ray of hope, potentially expediting and streamlining this complex process.As the crypto community watches with anticipation, Shiba Inuâs journey to $1 remains a fascinating narrative shaped by technological advancements, burn mechanisms, and the dynamic interplay of market forces.#SHIBđ„ #ShibaBurns
đ„#Shiba Inu Burn Rate Soars 2000% With Over 5 Mln SHIB Destroyedđđ„, Price Rebound Ahead?đ
Shiba Inu, an Ethereum-based altcoin, caught noteworthy attention today as the token noted an uptick in its burn rate amid a price pump.
#ShibaBurns
Shiba Inu, an Ethereum-based altcoin, caught noteworthy attention today as the token noted an uptick in its burn rate amid a price pump.
#ShibaBurns
đš Attention Shiba Inu (SHIB) Community! Beware of Deceptive Token Scams! đš
đ The Shiba Inu community is facing a critical situation with a surge in false claims and deceptive tokens infiltrating the ecosystem. đ· Official sources, including Davinci and RagnarShib from the Shiba Inu Discord channel, have issued urgent warnings against these scams.
đ« Unauthorized Tokens: "TREAT" and "SHI" - A Clear Warning from Shiba Inu Team!
The Shiba Inu team explicitly states that unauthorized tokens named "TREAT" and "SHI" have not been officially launched. Attempting to purchase these tokens is a scam and poses a significant risk.
đ Buying these fake tokens will not grant access to Shiba Inu ecosystem projects like SHIB The Metaverse, Shiba Eternity, or ShibaHub, nor connect users to official decentralized applications (dApps) like Shib.io.
đĄ Key Warnings from Lucie, Shiba Inu Team Member: Stay Vigilant!
Lucie, a member of the Shiba Inu team, reiterates the warnings, emphasizing that the real TREAT token has not been released. The community is urged to stay vigilant against impersonators and scammers who may create fake accounts, spread false information, redirect users to fraudulent websites, or attempt to steal personal information.
đ Positive Milestone: Shibarium's Remarkable Achievement!
Amidst these cautionary messages, there's a glimmer of hope. Shibarium, the Layer 2 scaling solution for Shiba Inu, has surpassed 250 million total transactions within a year of its launch. đ This milestone reflects the growing adoption and potential of this innovative technology.$
đĄïž Stay Informed, Stay Safe: Defend the Shiba Inu Community!
đïž For real-time updates and genuine information, follow The Blockopedia!
#ShibaInuSurge #ShibaPriceAnalysys #ShibaBurns #cryptocurrency #crypto2024SpaceCatch $SHIB
đ The Shiba Inu community is facing a critical situation with a surge in false claims and deceptive tokens infiltrating the ecosystem. đ· Official sources, including Davinci and RagnarShib from the Shiba Inu Discord channel, have issued urgent warnings against these scams.
đ« Unauthorized Tokens: "TREAT" and "SHI" - A Clear Warning from Shiba Inu Team!
The Shiba Inu team explicitly states that unauthorized tokens named "TREAT" and "SHI" have not been officially launched. Attempting to purchase these tokens is a scam and poses a significant risk.
đ Buying these fake tokens will not grant access to Shiba Inu ecosystem projects like SHIB The Metaverse, Shiba Eternity, or ShibaHub, nor connect users to official decentralized applications (dApps) like Shib.io.
đĄ Key Warnings from Lucie, Shiba Inu Team Member: Stay Vigilant!
Lucie, a member of the Shiba Inu team, reiterates the warnings, emphasizing that the real TREAT token has not been released. The community is urged to stay vigilant against impersonators and scammers who may create fake accounts, spread false information, redirect users to fraudulent websites, or attempt to steal personal information.
đ Positive Milestone: Shibarium's Remarkable Achievement!
Amidst these cautionary messages, there's a glimmer of hope. Shibarium, the Layer 2 scaling solution for Shiba Inu, has surpassed 250 million total transactions within a year of its launch. đ This milestone reflects the growing adoption and potential of this innovative technology.$
đĄïž Stay Informed, Stay Safe: Defend the Shiba Inu Community!
đïž For real-time updates and genuine information, follow The Blockopedia!
#ShibaInuSurge #ShibaPriceAnalysys #ShibaBurns #cryptocurrency #crypto2024SpaceCatch $SHIB
Coin name movr buy at current price target 30 35 40 45 no stoploss just hold and double your money đ€đ°
#DYORă #SolanaGems #ShibaBurns
#DYORă #SolanaGems #ShibaBurns
According to some latest news shiba inu burns about 80 billion shibcoins in 2023 and will also stop its supply to make shiba inu valuable and it can reached at the highest price of $0.0.1, its time to invest in $SHIB
#ShibaPriceAnalysys #SHIBđ„ #ShibaBurns #ShibaInvestment #Shiba.Inu.coin
#ShibaPriceAnalysys #SHIBđ„ #ShibaBurns #ShibaInvestment #Shiba.Inu.coin
LIVECrypto Web3 Today
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Bullish
Shiba Inu (SHIB) Loses Momentum, But Revival Is Imminent, Here's How.
Shiba Inu (SHIB) is losing momentum in no small way as the broader crypto market gives up its gains in a rapid manner. The second-largest meme coin has dropped by 2.77% in the past 24 hours with price trading on spot exchanges at $0.000009823. With trading volume dropping by more than 17% to $196,265,702, the token has proven at the mercy of its bears in the short term.
The latest erratic bull-bear action has forced Shiba Inu to give up some of its gains, with the token losing another zero.
Over the past month, Shiba Inu has added and lost new figures, but it has ultimately failed to turn the $0.00001 price level into an actual support zone. The market sentiment surrounding Shiba Inu is very bearish, but a metric remains promising to show that an imminent uptrend cannot be ruled out in the long term.
On-chain data shows that despite the latest bouts of sell-offs, Shiba Inu is still in "Greed" on the Fear and Greed Index. This implies that Shiba Inu bulls still have the hidden desire to go all out on the token, and given the right conditions, they may resume accumulating the coin.
Shiba Inu metrics at tipping points.
While the drop in the price of Shiba Inu is a function of the sentiment in the wider market outlook, its key on-chain metrics are also at a tipping. The Shibarium transaction count has slumped to its lowest level in months, with only 1.33 million transactions recorded in the past 24 hours.
The burn rate is also down by 95%
overnight, with just a tiny 820,007 SHIB
burned thus far. These same metrics could
flip at any time in response to the
underlying market greed, and they may play a crucial role in returning SHIB to its
winning ways as they have always done.
Shiba Inu (SHIB) is losing momentum in no small way as the broader crypto market gives up its gains in a rapid manner. The second-largest meme coin has dropped by 2.77% in the past 24 hours with price trading on spot exchanges at $0.000009823. With trading volume dropping by more than 17% to $196,265,702, the token has proven at the mercy of its bears in the short term.
The latest erratic bull-bear action has forced Shiba Inu to give up some of its gains, with the token losing another zero.
Over the past month, Shiba Inu has added and lost new figures, but it has ultimately failed to turn the $0.00001 price level into an actual support zone. The market sentiment surrounding Shiba Inu is very bearish, but a metric remains promising to show that an imminent uptrend cannot be ruled out in the long term.
On-chain data shows that despite the latest bouts of sell-offs, Shiba Inu is still in "Greed" on the Fear and Greed Index. This implies that Shiba Inu bulls still have the hidden desire to go all out on the token, and given the right conditions, they may resume accumulating the coin.
Shiba Inu metrics at tipping points.
While the drop in the price of Shiba Inu is a function of the sentiment in the wider market outlook, its key on-chain metrics are also at a tipping. The Shibarium transaction count has slumped to its lowest level in months, with only 1.33 million transactions recorded in the past 24 hours.
The burn rate is also down by 95%
overnight, with just a tiny 820,007 SHIB
burned thus far. These same metrics could
flip at any time in response to the
underlying market greed, and they may play a crucial role in returning SHIB to its
winning ways as they have always done.
Shiba Inu Whale Alert: $89.88 Million Transaction Sparks 1,300% Surge!
In a surprising turn of events, Shiba Inu (SHIB) has experienced an extraordinary surge in on- chain dynamics, propelling the token's value by a staggering 1,300% within the last 24 hours!
Whale transactions, surpassing $100,000 in SHIB, witnessed an unprecedented surge, totaling 62 transactions and an eye-popping 9.38 trillion SHIB-equivalent to a whopping $89.88 million.
Key Highlights:
Whale Frenzy Unleashed: The Shiba Inu token witnesses an astounding 1,300% surge driven by a flurry of large whale transactions in the past 24 hours.
Unprecedented Volume: A total of 62 whale transactions exceeding $100,000 each contribute to a cumulative volume of 9.38 trillion SHIB, injecting immense liquidity into the market.
Market Impact: This surge follows a notable dip in similar metrics, making it the most significant spike since mid-December. The sudden surge in whale activity indicates a substantial shift in Shiba Inu dynamics.
What's Next for SHIB?
As SHIB enthusiasts eagerly await the unfolding of this dramatic surge, the pressing question remains: What's next for the Shiba Inu token? The community is on the edge of their seats, anticipating the potential impact of heightened whale activity on the market.
Stay Informed, Stay Ahead! Follow The Defidraft for Real-time Crypto Insights!
#ShibaInuUpdate #ShibaPricePrediction #ShibaPriceAnalysys #ShibaBurns #baInvestment
In a surprising turn of events, Shiba Inu (SHIB) has experienced an extraordinary surge in on- chain dynamics, propelling the token's value by a staggering 1,300% within the last 24 hours!
Whale transactions, surpassing $100,000 in SHIB, witnessed an unprecedented surge, totaling 62 transactions and an eye-popping 9.38 trillion SHIB-equivalent to a whopping $89.88 million.
Key Highlights:
Whale Frenzy Unleashed: The Shiba Inu token witnesses an astounding 1,300% surge driven by a flurry of large whale transactions in the past 24 hours.
Unprecedented Volume: A total of 62 whale transactions exceeding $100,000 each contribute to a cumulative volume of 9.38 trillion SHIB, injecting immense liquidity into the market.
Market Impact: This surge follows a notable dip in similar metrics, making it the most significant spike since mid-December. The sudden surge in whale activity indicates a substantial shift in Shiba Inu dynamics.
What's Next for SHIB?
As SHIB enthusiasts eagerly await the unfolding of this dramatic surge, the pressing question remains: What's next for the Shiba Inu token? The community is on the edge of their seats, anticipating the potential impact of heightened whale activity on the market.
Stay Informed, Stay Ahead! Follow The Defidraft for Real-time Crypto Insights!
#ShibaInuUpdate #ShibaPricePrediction #ShibaPriceAnalysys #ShibaBurns #baInvestment
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3 tokens gearing up for a 10x increase in 2024! đč
The crypto space is buzzing with anticipation as 2024 approaches, and investors are turning to tokens that promise significant increases in value. đ In this insightful analysis, we will explore three remarkable tokens poised for a remarkable 10x surge, including the revolutionary Retik Finance (RETIK), the resilient Shiba Inu (SHIB), and the innovative Snek (SNEK).
1. Retik Finance (RETIK): bridging financial boundaries! đ
Retik Finance has carved out its niche by bridging the gap between traditional finance and the crypto world. đž SwiftPay and Multi-Tier Accounts bring efficiency to transactions, while their holistic approach positions them as a transformative force. Current pre-sale momentum, anticipated listing in Q3 2024, and visionary long-term outlook make RETIK an attractive prospect.
2. Shiba Inu (SHIB): resilience in the face of market dynamics! đ
Despite market fluctuations, Shiba Inu, the âDogecoin Killer,â remains strong. The launch of the Shibarium Network, strategic burning initiatives, a resilient community, and growing use of Shibarium contribute to SHIB's potential for a 10-fold increase in 2024.
3. Snek (SNEK): Cardanoâs Meme coin with a twist! đ
Snek, residing on the Cardano blockchain, takes a unique approach with its deflationary mechanism. Burning tokens in every transaction aims to reduce supply, and a foray into real-world utility, particularly in play-to-earn, adds a layer of growth potential for SNEK.
đ Stay Ahead, Stay Informed: Follow The Defidraft for Crypto Insights! đ°đĄ
#BTC/Update #ShibaBurns #SHIB
The crypto space is buzzing with anticipation as 2024 approaches, and investors are turning to tokens that promise significant increases in value. đ In this insightful analysis, we will explore three remarkable tokens poised for a remarkable 10x surge, including the revolutionary Retik Finance (RETIK), the resilient Shiba Inu (SHIB), and the innovative Snek (SNEK).
1. Retik Finance (RETIK): bridging financial boundaries! đ
Retik Finance has carved out its niche by bridging the gap between traditional finance and the crypto world. đž SwiftPay and Multi-Tier Accounts bring efficiency to transactions, while their holistic approach positions them as a transformative force. Current pre-sale momentum, anticipated listing in Q3 2024, and visionary long-term outlook make RETIK an attractive prospect.
2. Shiba Inu (SHIB): resilience in the face of market dynamics! đ
Despite market fluctuations, Shiba Inu, the âDogecoin Killer,â remains strong. The launch of the Shibarium Network, strategic burning initiatives, a resilient community, and growing use of Shibarium contribute to SHIB's potential for a 10-fold increase in 2024.
3. Snek (SNEK): Cardanoâs Meme coin with a twist! đ
Snek, residing on the Cardano blockchain, takes a unique approach with its deflationary mechanism. Burning tokens in every transaction aims to reduce supply, and a foray into real-world utility, particularly in play-to-earn, adds a layer of growth potential for SNEK.
đ Stay Ahead, Stay Informed: Follow The Defidraft for Crypto Insights! đ°đĄ
#BTC/Update #ShibaBurns #SHIB
LIVECrypto Bull Boy
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IF SHIB REACHES $1 ,HERE IS WHAT WILL HAPPEN ?
Considering the current market conditions, To Become Shiba Inu millionaire , demands strategy and timely initiation. Amid the current market conditions, seizing the opportunity to acquire SHIB today holds the promise of substantial gains. However,how much SHIB is needed to secure a million-dollar fortune?
As of the latest market update, SHIB is valued at $0.00001063 For aspiring SHIB millionaires eyeing the $1 million mark for $1 per coin, the formula is clear: divide the desired target of $1,000,000 by the price of $1. his arithmetic translates to the acquisition of 1,000,000 SHIB.
How much SHIB do you need to become a millionaire if the price hits $1?
To determine the current cost of this strategic investment, the quantity of SHIB (1,000,000) is multiplied by the existing price. This amounts to $10.63
This fundamental calculation holds for investors setting their sights on earning $3 million or $4 million when SHIB inevitably ascends to the $1 price threshold. The journey to Shiba Inu millionaire status in the long-term trading realm is nearly impossible but not fully impossible .
As Shiba Inu stands out as one of the most important digital currencies on the market. Despite a measured growth trajectory following recent market trends, SHIB has yet to breach the crucial $1 resistance point.
With an all-time high at $0.000088, the $1 milestone seems like a far-away milestone for Shiba Inu. However, with the current price of Shiba Inu, investors have to wait patiently for that milestone to be reached. To reach $1 sbib has to delete 4 zero first and then it might seem possible for $1 target.
If the significant burning of SHIB happen the target will be very possible to reach $1
But as of current scenario the market cap needs to be increased by an astounding 9,816,570% .
At last count,589.32 trillion Shiba tokens were in circulation. To reach a valuation of $1 per token this market cap needs to be 589.32 trillion
If Shib Price were to rise by 25% every year,it would take 31 years to reach $1
#SHIBđ„ #ShibaBurns
Considering the current market conditions, To Become Shiba Inu millionaire , demands strategy and timely initiation. Amid the current market conditions, seizing the opportunity to acquire SHIB today holds the promise of substantial gains. However,how much SHIB is needed to secure a million-dollar fortune?
As of the latest market update, SHIB is valued at $0.00001063 For aspiring SHIB millionaires eyeing the $1 million mark for $1 per coin, the formula is clear: divide the desired target of $1,000,000 by the price of $1. his arithmetic translates to the acquisition of 1,000,000 SHIB.
How much SHIB do you need to become a millionaire if the price hits $1?
To determine the current cost of this strategic investment, the quantity of SHIB (1,000,000) is multiplied by the existing price. This amounts to $10.63
This fundamental calculation holds for investors setting their sights on earning $3 million or $4 million when SHIB inevitably ascends to the $1 price threshold. The journey to Shiba Inu millionaire status in the long-term trading realm is nearly impossible but not fully impossible .
As Shiba Inu stands out as one of the most important digital currencies on the market. Despite a measured growth trajectory following recent market trends, SHIB has yet to breach the crucial $1 resistance point.
With an all-time high at $0.000088, the $1 milestone seems like a far-away milestone for Shiba Inu. However, with the current price of Shiba Inu, investors have to wait patiently for that milestone to be reached. To reach $1 sbib has to delete 4 zero first and then it might seem possible for $1 target.
If the significant burning of SHIB happen the target will be very possible to reach $1
But as of current scenario the market cap needs to be increased by an astounding 9,816,570% .
At last count,589.32 trillion Shiba tokens were in circulation. To reach a valuation of $1 per token this market cap needs to be 589.32 trillion
If Shib Price were to rise by 25% every year,it would take 31 years to reach $1
#SHIBđ„ #ShibaBurns