📣📣 Attention BTC enthusiasts! Despite Shiba Inu (SHIB) showing a rather dull performance this month with a drop of over 11% from its March highs, whales are still betting big on this meme coin! 🐋💰
Data from IntoTheBlock reveals that these crypto giants have been gobbling up SHIB tokens like there's no tomorrow, accumulating a staggering 30 trillion SHIB tokens in May alone. 🚀🌕
Despite the price of SHIB currently hovering around $0.000024, down from its March high of $0.0000457, these whales seem to be playing the long game, betting on SHIB's potential for a future uptrend. 📈💪
In other SHIB news, Coinbase has announced it will be launching perpetual futures contracts for SHIB, and has also added support for other popular meme coins. This has led to a 43% increase in SHIB's trading volume in the past 24 hours. 🎉🔥
Moreover, SHIB's burn rate skyrocketed by 579% on May 19th, reducing the meme coin's market supply by 12.70 million SHIB tokens and potentially increasing its demand. 🚀🌕
So, while SHIB may be down, it's certainly not out. Stay tuned for more updates! 📰👀