đShiba Inu Burn Rate Soars Over 27,500%!đ„đ„
In a jaw-dropping move, the self-proclaimed 'Dogecoin Killer' Shiba Inu (SHIB) has experienced an astronomical surge of over 27,500% in its token burn rate within the last 24 hoursđ ecosystem? What's causing this wildfire in the Shiba Inu
Massive Token Burn: 9 Billion SHIB Removed!
A staggering 9 billion SHIB tokens intentionally pulled out of circulation in the past 24 hoursđ Data from Shibburn, a Shiba Inu burn tracker, reveals that undisclosed entities strategically moved 9.5 billion and 30 million SHIB to a "dead wallet," effectively reducing the circulating supply.
Whales Make Waves: Surge in Large Transactions!
Blockchain analytics platform IntoTheBlock reports a whopping 1,300% surge in large transactions by SHIB whales within the same timeframeđ A total of 62 whale transactions, each holding at least $100,000 worth of SHIB, have contributed to an aggregated volume of 9.38 trillion SHIB, equivalent to nearly $89.88 million.
đIntoTheBlock's Insight: "SHIB whales make a splash with 62 transactions and 9.38 trillion SHIB volume!"
Shiba Inu's Strategic Move:
Amidst this frenzy, Shiba Inu's lead developer, Shytoshi Kusama, announces a strategic move in a tweet: "We're
working with @D3inc to by applying for the .shib TLD." đ This move aims to expand the .shib domain, enabling diverse online functionalities.
đKusama's Vision: ".shib domain for websites, blogs, stores, emails, digital assets, Web3 platforms, and online identity authentication."
đšWhy It Matters: Shiba Inu's Ecosystem Evolution! This surge in burn rate and whale activity, coupled with the strategic move to #InvadeTheInternet, underscores Shiba Inu's evolving ecosystem. Investors and enthusiasts are closely watching as Shiba Inu continues to make headlines.
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